STATIONS HEITE: 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.
STATIONS HEITE
Largest movements
- Receivables within one year +€349,868
up €349,868 (+447.6%), from €78,157 to €428,025
of which Other amounts receivable: +€349,991
- Tangible fixed assets -€63,604
down €63,604 (-4.1%), from €1.5m to €1.5m
of which Land and buildings: -€41,700
- Other debts +€300,000
up €300,000 (+109.5%), from €274,000 to €574,000
- Gross operating margin -€3,448
down €3,448 (-4.5%), from €76,553 to €73,105
- Financial charges +€3,235
up €3,235 (+17.4%), from €18,592 to €21,828
- Other operating charges +€1,475
up €1,475 (+806.0%), from €183 to €1,658
- Depreciation -€1,417
down €1,417 (-2.2%), from €65,021 to €63,604
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.
Cash bridge derived
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 | €1,654,773 | €1,936,918 | +€282,145 | +17.1% |
| Fixed assets | 21/28 | €1,542,911 | €1,479,307 | -€63,604 | -4.1% |
| Tangible fixed assets | 22/27 | €1,537,411 | €1,473,807 | -€63,604 | -4.1% |
| Land and buildings | 22 | €1,206,518 | €1,164,818 | -€41,700 | -3.5% |
| Plant, machinery and equipment | 23 | €330,893 | €308,988 | -€21,904 | -6.6% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €111,863 | €457,611 | +€345,749 | +309.1% |
| Amounts receivable within one year | 40/41 | €78,157 | €428,025 | +€349,868 | +447.6% |
| Trade receivables | 40 | €8,126 | €8,003 | -€123 | -1.5% |
| Other amounts receivable | 41 | €70,030 | €420,022 | +€349,991 | +499.8% |
| Cash at bank and in hand | 54/58 | €33,706 | €29,586 | -€4,119 | -12.2% |
| Total equity and liabilities | 10/49 | €1,654,773 | €1,936,918 | +€282,145 | +17.1% |
| Equity | 10/15 | €1,317,459 | €1,304,578 | -€12,881 | -1.0% |
| Contributions | 10/11 | €936,129 | €936,129 | = | 0.0% |
| Reserves | 13 | €663,975 | €661,832 | -€2,143 | -0.3% |
| Tax-exempt reserves | 132 | €32,117 | €29,973 | -€2,143 | -6.7% |
| Distributable reserves | 133 | €631,858 | €631,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,646 | -€293,383 | -€10,738 | -3.8% |
| Provisions and deferred taxes | 16 | €16,538 | €15,434 | -€1,104 | -6.7% |
| Deferred taxes | 168 | €16,538 | €15,434 | -€1,104 | -6.7% |
| Amounts payable | 17/49 | €320,777 | €616,906 | +€296,129 | +92.3% |
| Amounts payable after more than one year | 17 | €15,060 | €15,060 | = | 0.0% |
| Other amounts payable | 178/9 | €15,060 | €15,060 | = | 0.0% |
| Amounts payable within one year | 42/48 | €282,501 | €574,567 | +€292,066 | +103.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,501 | €567 | -€7,934 | -93.3% |
| Suppliers | 440/4 | €8,501 | €567 | -€7,934 | -93.3% |
| Other amounts payable | 47/48 | €274,000 | €574,000 | +€300,000 | +109.5% |
| Accrued charges and deferred income | 492/3 | €23,216 | €27,280 | +€4,064 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,021 | €63,604 | -€1,417 | -2.2% |
| Other operating charges | 640/8 | €183 | €1,658 | +€1,475 | +806.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €76,553 | €73,105 | -€3,448 | -4.5% |
| Operating profit (loss) | 9901 | €11,350 | €7,843 | -€3,507 | -30.9% |
| Financial income | 75/76B | €73 | €0 | -€73 | -100.0% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100.0% |
| Financial charges | 65/66B | €18,592 | €21,828 | +€3,235 | +17.4% |
| Recurring financial charges | 65 | €18,592 | €21,828 | +€3,235 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,170 | -€13,985 | -€6,815 | -95.0% |
| Transfer from deferred taxes | 780 | €1,104 | €1,104 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,066 | -€12,881 | -€6,815 | -112.3% |
| Transfer from tax-exempt reserves | 789 | €2,143 | €2,143 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,923 | -€10,738 | -€6,815 | -173.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.