VAN OTTEN HEIDI: 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 OTTEN HEIDI
Largest movements
- Receivables within one year +€84,494
up €84,494 (+726%), from €11,633 to €96,128
of which Other amounts receivable: +€60,718
- Current investments -€68,092
down €68,092 (-34.9%), from €194,998 to €126,906
- Cash -€26,419
down €26,419 (-32.5%), from €81,387 to €54,968
mainly Contributions, distributions and other (-€91,654) and Receivables within one year (-€84,494)
- Tangible fixed assets +€11,473
up €11,473 (+7.8%), from €147,003 to €158,476
of which Furniture and vehicles: +€20,046
- Trade debts +€66,651
up €66,651 (+16,292%), from €409 to €67,060
- Reserves -€53,267
down €53,267 (-22.1%), from €241,254 to €187,987
of which Distributable reserves: -€53,267
- Other debts -€12,559
down €12,559 (-15.8%), from €79,654 to €67,096
- Tax, wage and social debts +€7,739
up €7,739, from €0 to €7,739
- Debts after one year -€6,303
down €6,303 (-6.6%), from €95,098 to €88,794
- Gross operating margin +€29,731
up €29,731 (+60.6%), from €49,027 to €78,757
- Taxes +€11,047
up €11,047 (+123%), from €9,003 to €20,049
- Other operating charges +€3,799
up €3,799 (+170%), from €2,233 to €6,032
- Financial charges +€1,203
up €1,203 (+57.1%), from €2,108 to €3,311
- Depreciation -€1,198
down €1,198 (-8.0%), from €14,931 to €13,733
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 | €435,023 | €437,379 | +€2,356 | +0.5% |
| Fixed assets | 21/28 | €147,003 | €158,476 | +€11,473 | +7.8% |
| Tangible fixed assets | 22/27 | €147,003 | €158,476 | +€11,473 | +7.8% |
| Land and buildings | 22 | €134,291 | €124,699 | -€9,592 | -7.1% |
| Plant, machinery and equipment | 23 | €1,608 | €2,627 | +€1,019 | +63.4% |
| Furniture and vehicles | 24 | €11,105 | €31,151 | +€20,046 | +181% |
| Current assets | 29/58 | €288,019 | €278,902 | -€9,117 | -3.2% |
| Amounts receivable within one year | 40/41 | €11,633 | €96,128 | +€84,494 | +726% |
| Trade receivables | 40 | €8,636 | €32,412 | +€23,776 | +275% |
| Other amounts receivable | 41 | €2,997 | €63,716 | +€60,718 | +2,026% |
| Current investments | 50/53 | €194,998 | €126,906 | -€68,092 | -34.9% |
| Cash at bank and in hand | 54/58 | €81,387 | €54,968 | -€26,419 | -32.5% |
| Deferred charges and accrued income | 490/1 | - | €900 | +€900 | |
| Total equity and liabilities | 10/49 | €435,023 | €437,379 | +€2,356 | +0.5% |
| Equity | 10/15 | €253,654 | €200,387 | -€53,267 | -21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €241,254 | €187,987 | -€53,267 | -22.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €239,394 | €186,127 | -€53,267 | -22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €181,369 | €236,992 | +€55,623 | +30.7% |
| Amounts payable after more than one year | 17 | €95,098 | €88,794 | -€6,303 | -6.6% |
| Financial debts | 170/4 | €95,098 | €88,794 | -€6,303 | -6.6% |
| Amounts payable within one year | 42/48 | €86,271 | €148,197 | +€61,926 | +71.8% |
| Current portion of amounts payable after more than one year | 42 | €6,207 | €6,303 | +€96 | +1.5% |
| Trade debts | 44 | €409 | €67,060 | +€66,651 | +16,292% |
| Suppliers | 440/4 | €409 | €67,060 | +€66,651 | +16,292% |
| Taxes, remuneration and social security | 45 | €0 | €7,739 | +€7,739 | |
| Taxes | 450/3 | €0 | €7,739 | +€7,739 | |
| Other amounts payable | 47/48 | €79,654 | €67,096 | -€12,559 | -15.8% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,931 | €13,733 | -€1,198 | -8.0% |
| Other operating charges | 640/8 | €2,233 | €6,032 | +€3,799 | +170% |
| Gross operating margin | 9900 | €49,027 | €78,757 | +€29,731 | +60.6% |
| Operating profit (loss) | 9901 | €31,863 | €58,993 | +€27,130 | +85.1% |
| Financial income | 75/76B | €2,075 | €2,754 | +€679 | +32.7% |
| Recurring financial income | 75 | €2,075 | €2,754 | +€679 | +32.7% |
| Financial charges | 65/66B | €2,108 | €3,311 | +€1,203 | +57.1% |
| Recurring financial charges | 65 | €2,108 | €3,311 | +€1,203 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €31,830 | €58,437 | +€26,606 | +83.6% |
| Income taxes | 67/77 | €9,003 | €20,049 | +€11,047 | +123% |
| Profit (loss) for the period | 9904 | €22,828 | €38,387 | +€15,559 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,828 | €38,387 | +€15,559 | +68.2% |
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 15 October 2026 via checked.be.