VAN HEUCKELOM R.: 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.
VAN HEUCKELOM R.
Largest movements
- Receivables after one year -€16,529
no longer reported in 2025 (was €16,529)
- Receivables within one year +€13,668
up €13,668 (+29.4%), from €46,529 to €60,197
of which Trade receivables: +€15,739
- Reserves -€9,866
down €9,866 (-39.7%), from €24,868 to €15,002
- Tax, wage and social debts +€4,588
up €4,588 (+303%), from €1,514 to €6,102
- Trade debts +€3,485
up €3,485 (+89.4%), from €3,898 to €7,383
- Gross operating margin +€11,971
up €11,971 (+5,392%), from €222 to €12,193
- Taxes +€987
new in 2025: €987
- Financial income -€922
down €922 (-44.9%), from €2,054 to €1,132
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 | €199,783 | €197,990 | -€1,793 | -0.9% |
| Fixed assets | 21/28 | €1,706 | €1,441 | -€265 | -15.5% |
| Tangible fixed assets | 22/27 | €1,706 | €1,441 | -€265 | -15.5% |
| Land and buildings | 22 | €1,706 | €1,441 | -€265 | -15.5% |
| Current assets | 29/58 | €198,077 | €196,549 | -€1,528 | -0.8% |
| Amounts receivable after more than one year | 29 | €16,529 | - | -€16,529 | |
| Other amounts receivable | 291 | €16,529 | - | -€16,529 | |
| Amounts receivable within one year | 40/41 | €46,529 | €60,197 | +€13,668 | +29.4% |
| Trade receivables | 40 | €41,156 | €56,895 | +€15,739 | +38.2% |
| Other amounts receivable | 41 | €5,373 | €3,302 | -€2,071 | -38.5% |
| Cash at bank and in hand | 54/58 | €135,019 | €136,352 | +€1,333 | +1.0% |
| Total equity and liabilities | 10/49 | €199,783 | €197,990 | -€1,793 | -0.9% |
| Equity | 10/15 | €194,371 | €184,505 | -€9,866 | -5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €24,868 | €15,002 | -€9,866 | -39.7% |
| Distributable reserves | 133 | €24,868 | €15,002 | -€9,866 | -39.7% |
| Profit (loss) carried forward | 14 | €150,953 | €150,953 | = | 0.0% |
| Amounts payable | 17/49 | €5,412 | €13,485 | +€8,073 | +149% |
| Amounts payable within one year | 42/48 | €5,412 | €13,485 | +€8,073 | +149% |
| Trade debts | 44 | €3,898 | €7,383 | +€3,485 | +89.4% |
| Suppliers | 440/4 | €3,898 | €7,383 | +€3,485 | +89.4% |
| Taxes, remuneration and social security | 45 | €1,514 | €6,102 | +€4,588 | +303% |
| Taxes | 450/3 | €1,514 | €6,102 | +€4,588 | +303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €265 | -€15 | -5.4% |
| Other operating charges | 640/8 | €2,218 | €2,157 | -€61 | -2.8% |
| Gross operating margin | 9900 | €222 | €12,193 | +€11,971 | +5,392% |
| Operating profit (loss) | 9901 | -€2,276 | €9,771 | +€12,047 | |
| Financial income | 75/76B | €2,054 | €1,132 | -€922 | -44.9% |
| Recurring financial income | 75 | €2,054 | €1,132 | -€922 | -44.9% |
| Financial charges | 65/66B | €20 | €40 | +€20 | +100% |
| Recurring financial charges | 65 | €1 | €40 | +€39 | +3,900% |
| Non-recurring financial charges | 66B | €19 | - | -€19 | |
| Profit (loss) for the period before taxes | 9903 | -€242 | €10,863 | +€11,105 | |
| Income taxes | 67/77 | - | €987 | +€987 | |
| Profit (loss) for the period | 9904 | -€242 | €9,876 | +€10,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€242 | €9,876 | +€10,118 |
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 30 October 2026 via checked.be.