VAN HEDDEGEM: what changed
Two fiscal 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.
VAN HEDDEGEM
Largest movements
- Tangible fixed assets -€222,831
down €222,831 (-5.0%), from €4.4m to €4.2m
of which Land and buildings: -€139,885
- Receivables within one year -€73,789
down €73,789 (-47.2%), from €156,378 to €82,589
of which Trade receivables: -€78,701
- Debts after one year -€231,457
down €231,457 (-8.7%), from €2.7m to €2.4m
- Other debts -€84,250
down €84,250 (-43.8%), from €192,319 to €108,069
- Reserves +€80,548
up €80,548 (+18.6%), from €433,500 to €514,049
- Staff costs +€42,084
up €42,084 (+23.1%), from €182,038 to €224,122
- Gross operating margin -€37,328
down €37,328 (-5.6%), from €661,831 to €624,503
- Taxes -€30,429
down €30,429 (-47.9%), from €63,517 to €33,088
- Depreciation +€11,634
up €11,634 (+4.8%), from €240,274 to €251,908
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,659,378 | €4,383,040 | -€276,338 | -5.9% |
| Fixed assets | 21/28 | €4,432,223 | €4,209,392 | -€222,831 | -5.0% |
| Tangible fixed assets | 22/27 | €4,432,223 | €4,209,392 | -€222,831 | -5.0% |
| Land and buildings | 22 | €4,179,449 | €4,039,564 | -€139,885 | -3.3% |
| Plant, machinery and equipment | 23 | €46,676 | €43,415 | -€3,261 | -7.0% |
| Furniture and vehicles | 24 | €206,098 | €126,413 | -€79,685 | -38.7% |
| Current assets | 29/58 | €227,155 | €173,648 | -€53,507 | -23.6% |
| Amounts receivable within one year | 40/41 | €156,378 | €82,589 | -€73,789 | -47.2% |
| Trade receivables | 40 | €156,378 | €77,677 | -€78,701 | -50.3% |
| Other amounts receivable | 41 | - | €4,912 | +€4,912 | |
| Cash at bank and in hand | 54/58 | €51,626 | €77,715 | +€26,089 | +50.5% |
| Deferred charges and accrued income | 490/1 | €19,152 | €13,344 | -€5,807 | -30.3% |
| Total equity and liabilities | 10/49 | €4,659,378 | €4,383,040 | -€276,338 | -5.9% |
| Equity | 10/15 | €1,474,489 | €1,555,038 | +€80,548 | +5.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €433,500 | €514,049 | +€80,548 | +18.6% |
| Distributable reserves | 133 | €433,500 | €514,049 | +€80,548 | +18.6% |
| Profit (loss) carried forward | 14 | €640,989 | €640,989 | = | 0.0% |
| Amounts payable | 17/49 | €3,184,889 | €2,828,003 | -€356,887 | -11.2% |
| Amounts payable after more than one year | 17 | €2,667,744 | €2,436,287 | -€231,457 | -8.7% |
| Financial debts | 170/4 | €2,667,744 | €2,436,287 | -€231,457 | -8.7% |
| Amounts payable within one year | 42/48 | €517,145 | €391,716 | -€125,430 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €259,753 | €233,994 | -€25,759 | -9.9% |
| Trade debts | 44 | €13,687 | €23,852 | +€10,165 | +74.3% |
| Suppliers | 440/4 | €13,687 | €23,852 | +€10,165 | +74.3% |
| Taxes, remuneration and social security | 45 | €51,387 | €25,801 | -€25,586 | -49.8% |
| Taxes | 450/3 | €28,517 | - | -€28,517 | |
| Remuneration and social security | 454/9 | €22,870 | €25,801 | +€2,931 | +12.8% |
| Other amounts payable | 47/48 | €192,319 | €108,069 | -€84,250 | -43.8% |
| Remuneration, social security and pensions | 62 | €182,038 | €224,122 | +€42,084 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,274 | €251,908 | +€11,634 | +4.8% |
| Other operating charges | 640/8 | €1,266 | €1,957 | +€691 | +54.6% |
| Gross operating margin | 9900 | €661,831 | €624,503 | -€37,328 | -5.6% |
| Operating profit (loss) | 9901 | €238,252 | €146,516 | -€91,736 | -38.5% |
| Financial income | 75/76B | €118 | €38 | -€80 | -68.0% |
| Recurring financial income | 75 | €118 | €38 | -€80 | -68.0% |
| Non-recurring financial income | 76B | €118 | - | -€118 | |
| Financial charges | 65/66B | €29,333 | €32,917 | +€3,584 | +12.2% |
| Recurring financial charges | 65 | €29,333 | €32,917 | +€3,584 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €209,037 | €113,637 | -€95,400 | -45.6% |
| Income taxes | 67/77 | €63,517 | €33,088 | -€30,429 | -47.9% |
| Profit (loss) for the period | 9904 | €145,519 | €80,548 | -€64,971 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €145,519 | €80,548 | -€64,971 | -44.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.