CH. HEUSDENS: 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.
CH. HEUSDENS
Largest movements
- Stocks and contracts +€22,341
up €22,341 (+15.8%), from €141,500 to €163,841
- Tangible fixed assets -€16,887
down €16,887 (-36.4%), from €46,370 to €29,483
of which Leasing and similar rights: -€10,629
- Profit (loss) carried forward +€33,127
up €33,127 (+39.5%), from -€83,847 to -€50,720
- Other debts -€12,500
down €12,500 (-9.9%), from €126,214 to €113,714
- Debts after one year -€9,365
down €9,365 (-49.5%), from €18,916 to €9,551
- Tax, wage and social debts -€6,228
down €6,228 (-72.5%), from €8,591 to €2,363
of which Remuneration and social security: -€6,731
- Trade debts +€3,143
up €3,143 (+132%), from €2,389 to €5,533
- Gross operating margin -€38,260
down €38,260 (-31.4%), from €121,835 to €83,575
- Staff costs -€21,539
down €21,539 (-45.0%), from €47,846 to €26,307
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 | €231,753 | €240,089 | +€8,337 | +3.6% |
| Fixed assets | 21/28 | €48,370 | €31,483 | -€16,887 | -34.9% |
| Tangible fixed assets | 22/27 | €46,370 | €29,483 | -€16,887 | -36.4% |
| Plant, machinery and equipment | 23 | €17,403 | €13,802 | -€3,601 | -20.7% |
| Furniture and vehicles | 24 | €5,757 | €3,101 | -€2,656 | -46.1% |
| Leasing and similar rights | 25 | €23,210 | €12,580 | -€10,629 | -45.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €183,383 | €208,606 | +€25,223 | +13.8% |
| Stocks and contracts in progress | 3 | €141,500 | €163,841 | +€22,341 | +15.8% |
| Stocks | 30/36 | €141,500 | €163,841 | +€22,341 | +15.8% |
| Amounts receivable within one year | 40/41 | €928 | €1,687 | +€759 | +81.8% |
| Trade receivables | 40 | €928 | €1,518 | +€591 | +63.7% |
| Other amounts receivable | 41 | €0 | €168 | +€168 | |
| Cash at bank and in hand | 54/58 | €38,755 | €39,685 | +€930 | +2.4% |
| Deferred charges and accrued income | 490/1 | €2,200 | €3,394 | +€1,194 | +54.3% |
| Total equity and liabilities | 10/49 | €231,753 | €240,089 | +€8,337 | +3.6% |
| Equity | 10/15 | €66,437 | €99,564 | +€33,127 | +49.9% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €125,484 | €125,484 | = | 0.0% |
| Distributable reserves | 133 | €125,484 | €125,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,847 | -€50,720 | +€33,127 | +39.5% |
| Amounts payable | 17/49 | €165,316 | €140,526 | -€24,790 | -15.0% |
| Amounts payable after more than one year | 17 | €18,916 | €9,551 | -€9,365 | -49.5% |
| Financial debts | 170/4 | €18,916 | €9,551 | -€9,365 | -49.5% |
| Amounts payable within one year | 42/48 | €146,399 | €130,975 | -€15,425 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €9,182 | €9,365 | +€184 | +2.0% |
| Financial debts | 43 | €23 | €0 | -€23 | -100% |
| Credit institutions | 430/8 | €23 | €0 | -€23 | -100% |
| Trade debts | 44 | €2,389 | €5,533 | +€3,143 | +132% |
| Suppliers | 440/4 | €2,389 | €5,533 | +€3,143 | +132% |
| Taxes, remuneration and social security | 45 | €8,591 | €2,363 | -€6,228 | -72.5% |
| Taxes | 450/3 | €1,861 | €2,363 | +€502 | +27.0% |
| Remuneration and social security | 454/9 | €6,731 | €0 | -€6,731 | -100% |
| Other amounts payable | 47/48 | €126,214 | €113,714 | -€12,500 | -9.9% |
| Remuneration, social security and pensions | 62 | €47,846 | €26,307 | -€21,539 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,552 | €18,054 | -€497 | -2.7% |
| Other operating charges | 640/8 | €3,691 | €4,813 | +€1,122 | +30.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €121,835 | €83,575 | -€38,260 | -31.4% |
| Operating profit (loss) | 9901 | €51,746 | €34,399 | -€17,346 | -33.5% |
| Financial income | 75/76B | €1,456 | €431 | -€1,024 | -70.4% |
| Recurring financial income | 75 | €1,456 | €431 | -€1,024 | -70.4% |
| Financial charges | 65/66B | €2,283 | €1,528 | -€755 | -33.1% |
| Recurring financial charges | 65 | €2,283 | €1,528 | -€755 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €50,919 | €33,303 | -€17,616 | -34.6% |
| Income taxes | 67/77 | €472 | €176 | -€295 | -62.6% |
| Profit (loss) for the period | 9904 | €50,447 | €33,127 | -€17,320 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,447 | €33,127 | -€17,320 | -34.3% |
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 28 October 2026 via checked.be.