'T HEIDEHOF: 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.
'T HEIDEHOF
Largest movements
- Receivables within one year +€153,137
up €153,137 (+50.3%), from €304,695 to €457,832
of which Trade receivables: +€146,000
- Reserves +€152,136
up €152,136 (+25.5%), from €596,569 to €748,705
of which Distributable reserves: +€156,580
- Trade debts +€27,742
up €27,742 (+817%), from €3,394 to €31,136
- Tax, wage and social debts -€26,621
down €26,621 (-97.5%), from €27,291 to €670
of which Taxes: -€24,121
- Current portion of long-term debt +€13,450
up €13,450, from €0 to €13,450
- Other debts -€9,355
down €9,355 (-38.3%), from €24,427 to €15,073
- Gross operating margin +€52,793
up €52,793 (+27.6%), from €191,503 to €244,295
- Taxes +€16,449
up €16,449 (+33.1%), from €49,752 to €66,201
- Depreciation -€2,739
down €2,739 (-12.0%), from €22,814 to €20,074
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 | €665,895 | €822,152 | +€156,257 | +23.5% |
| Fixed assets | 21/28 | €358,943 | €357,384 | -€1,558 | -0.4% |
| Tangible fixed assets | 22/27 | €358,943 | €357,384 | -€1,558 | -0.4% |
| Land and buildings | 22 | €356,573 | €347,553 | -€9,020 | -2.5% |
| Plant, machinery and equipment | 23 | €2,370 | €6,021 | +€3,651 | +154% |
| Furniture and vehicles | 24 | - | €3,811 | +€3,811 | |
| Current assets | 29/58 | €306,952 | €464,768 | +€157,816 | +51.4% |
| Amounts receivable within one year | 40/41 | €304,695 | €457,832 | +€153,137 | +50.3% |
| Trade receivables | 40 | €70,000 | €216,000 | +€146,000 | +209% |
| Other amounts receivable | 41 | €234,695 | €241,832 | +€7,137 | +3.0% |
| Cash at bank and in hand | 54/58 | €222 | €5,188 | +€4,966 | +2,236% |
| Deferred charges and accrued income | 490/1 | €2,034 | €1,747 | -€287 | -14.1% |
| Total equity and liabilities | 10/49 | €665,895 | €822,152 | +€156,257 | +23.5% |
| Equity | 10/15 | €605,885 | €758,021 | +€152,136 | +25.1% |
| Contributions | 10/11 | €9,316 | €9,316 | = | 0.0% |
| Reserves | 13 | €596,569 | €748,705 | +€152,136 | +25.5% |
| Non-distributable reserves | 130/1 | €932 | €932 | = | 0.0% |
| Reserves not available under the articles | 1311 | €932 | €932 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,659 | €7,215 | -€4,444 | -38.1% |
| Distributable reserves | 133 | €583,978 | €740,558 | +€156,580 | +26.8% |
| Provisions and deferred taxes | 16 | €3,886 | €2,405 | -€1,481 | -38.1% |
| Deferred taxes | 168 | €3,886 | €2,405 | -€1,481 | -38.1% |
| Amounts payable | 17/49 | €56,123 | €61,726 | +€5,603 | +10.0% |
| Amounts payable within one year | 42/48 | €55,113 | €60,328 | +€5,215 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,450 | +€13,450 | |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €3,394 | €31,136 | +€27,742 | +817% |
| Suppliers | 440/4 | €3,394 | €31,136 | +€27,742 | +817% |
| Taxes, remuneration and social security | 45 | €27,291 | €670 | -€26,621 | -97.5% |
| Taxes | 450/3 | €24,791 | €670 | -€24,121 | -97.3% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €24,427 | €15,073 | -€9,355 | -38.3% |
| Accrued charges and deferred income | 492/3 | €1,010 | €1,398 | +€388 | +38.4% |
| Non-recurring operating income | 76A | - | €23,492 | +€23,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,814 | €20,074 | -€2,739 | -12.0% |
| Other operating charges | 640/8 | €3,531 | €2,715 | -€816 | -23.1% |
| Gross operating margin | 9900 | €191,503 | €244,295 | +€52,793 | +27.6% |
| Operating profit (loss) | 9901 | €165,159 | €221,506 | +€56,348 | +34.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,269 | €4,651 | +€2,382 | +105% |
| Recurring financial charges | 65 | €2,269 | €4,651 | +€2,382 | +105% |
| Profit (loss) for the period before taxes | 9903 | €162,889 | €216,855 | +€53,966 | +33.1% |
| Transfer from deferred taxes | 780 | €1,481 | €1,481 | = | 0.0% |
| Income taxes | 67/77 | €49,752 | €66,201 | +€16,449 | +33.1% |
| Profit (loss) for the period | 9904 | €114,619 | €152,136 | +€37,517 | +32.7% |
| Transfer from tax-exempt reserves | 789 | €4,444 | €4,444 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,063 | €156,580 | +€37,517 | +31.5% |
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 18 October 2026 via checked.be.