Nena Heirbaut: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Nena Heirbaut
Largest movements
- Cash +€28,613
up €28,613 (+238%), from €12,024 to €40,637
mainly Net result for the year (+€19,650) and Receivables within one year (+€2,788)
- Receivables within one year -€2,788
down €2,788 (-36.5%), from €7,633 to €4,845
of which Other amounts receivable: -€5,565
- Tangible fixed assets -€2,013
down €2,013 (-48.1%), from €4,188 to €2,175
of which Furniture and vehicles: -€1,757
- Deferred charges and accrued income +€1,456
up €1,456 (+69.5%), from €2,095 to €3,551
- Reserves +€19,650
up €19,650 (+121%), from €16,266 to €35,916
- Tax, wage and social debts +€2,558
up €2,558 (+91.4%), from €2,799 to €5,357
of which Taxes: +€2,558
- Other debts +€1,415
up €1,415, from €0 to €1,415
- Accrued charges and deferred income +€1,000
new in 2025: €1,000
- Trade debts +€644
up €644 (+34.3%), from €1,875 to €2,519
- Gross operating margin +€13,036
up €13,036 (+91.5%), from €14,246 to €27,282
- Taxes +€2,546
up €2,546 (+90.6%), from €2,811 to €5,357
- Depreciation +€601
up €601 (+42.5%), from €1,413 to €2,013
- Other operating charges -€299
down €299 (-61.7%), from €485 to €186
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,940 | €51,207 | +€25,267 | +97.4% |
| Fixed assets | 21/28 | €4,188 | €2,175 | -€2,013 | -48.1% |
| Tangible fixed assets | 22/27 | €4,188 | €2,175 | -€2,013 | -48.1% |
| Plant, machinery and equipment | 23 | €429 | €172 | -€256 | -59.8% |
| Furniture and vehicles | 24 | €3,759 | €2,002 | -€1,757 | -46.7% |
| Current assets | 29/58 | €21,752 | €49,032 | +€27,280 | +125% |
| Amounts receivable within one year | 40/41 | €7,633 | €4,845 | -€2,788 | -36.5% |
| Trade receivables | 40 | €2,068 | €4,845 | +€2,777 | +134% |
| Other amounts receivable | 41 | €5,565 | €0 | -€5,565 | -100% |
| Cash at bank and in hand | 54/58 | €12,024 | €40,637 | +€28,613 | +238% |
| Deferred charges and accrued income | 490/1 | €2,095 | €3,551 | +€1,456 | +69.5% |
| Total equity and liabilities | 10/49 | €25,940 | €51,207 | +€25,267 | +97.4% |
| Equity | 10/15 | €21,266 | €40,916 | +€19,650 | +92.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,266 | €35,916 | +€19,650 | +121% |
| Distributable reserves | 133 | €16,266 | €35,916 | +€19,650 | +121% |
| Amounts payable | 17/49 | €4,674 | €10,291 | +€5,617 | +120% |
| Amounts payable within one year | 42/48 | €4,674 | €9,291 | +€4,617 | +98.8% |
| Trade debts | 44 | €1,875 | €2,519 | +€644 | +34.3% |
| Suppliers | 440/4 | €1,875 | €2,519 | +€644 | +34.3% |
| Taxes, remuneration and social security | 45 | €2,799 | €5,357 | +€2,558 | +91.4% |
| Taxes | 450/3 | €2,799 | €5,357 | +€2,558 | +91.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,415 | +€1,415 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €2,013 | +€601 | +42.5% |
| Other operating charges | 640/8 | €485 | €186 | -€299 | -61.7% |
| Gross operating margin | 9900 | €14,246 | €27,282 | +€13,036 | +91.5% |
| Operating profit (loss) | 9901 | €12,349 | €25,083 | +€12,734 | +103% |
| Financial income | 75/76B | €138 | €0 | -€138 | -100% |
| Recurring financial income | 75 | €138 | €0 | -€138 | -100% |
| Financial charges | 65/66B | €43 | €75 | +€32 | +73.3% |
| Recurring financial charges | 65 | €43 | €75 | +€32 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €12,443 | €25,007 | +€12,564 | +101% |
| Income taxes | 67/77 | €2,811 | €5,357 | +€2,546 | +90.6% |
| Profit (loss) for the period | 9904 | €9,632 | €19,650 | +€10,018 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €9,632 | €19,650 | +€10,018 | +104% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.