ELECTRO HEYDENS: 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.
ELECTRO HEYDENS
Largest movements
- Receivables after one year -€22,500
no longer reported in 2025 (was €22,500)
- Cash +€16,734
up €16,734 (+55.2%), from €30,306 to €47,040
mainly Other debts (+€49,304) and Net result for the year (+€33,441)
- Receivables within one year -€8,326
down €8,326 (-17.7%), from €46,934 to €38,608
of which Trade receivables: -€4,800
- Tangible fixed assets -€7,977
down €7,977 (-24.4%), from €32,701 to €24,724
of which Furniture and vehicles: -€8,100
- Stocks and contracts +€3,272
up €3,272 (+13.5%), from €24,182 to €27,454
- Reserves -€56,559
down €56,559 (-59.9%), from €94,395 to €37,837
- Other debts +€49,304
new in 2025: €49,304
- Debts after one year -€7,613
down €7,613 (-32.9%), from €23,110 to €15,497
- Trade debts -€2,857
down €2,857 (-18.5%), from €15,422 to €12,565
- Gross operating margin +€16,688
up €16,688 (+45.9%), from €36,391 to €53,079
- Taxes +€2,548
up €2,548 (+45.8%), from €5,563 to €8,111
- Other operating charges -€953
down €953 (-49.6%), from €1,923 to €970
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 | €164,935 | €145,207 | -€19,728 | -12.0% |
| Fixed assets | 21/28 | €40,207 | €31,229 | -€8,977 | -22.3% |
| Intangible fixed assets | 21 | €6,206 | €5,206 | -€1,000 | -16.1% |
| Tangible fixed assets | 22/27 | €32,701 | €24,724 | -€7,977 | -24.4% |
| Plant, machinery and equipment | 23 | €2,767 | €2,890 | +€123 | +4.4% |
| Furniture and vehicles | 24 | €29,934 | €21,834 | -€8,100 | -27.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €124,728 | €113,978 | -€10,751 | -8.6% |
| Amounts receivable after more than one year | 29 | €22,500 | - | -€22,500 | |
| Other amounts receivable | 291 | €22,500 | - | -€22,500 | |
| Stocks and contracts in progress | 3 | €24,182 | €27,454 | +€3,272 | +13.5% |
| Stocks | 30/36 | €24,182 | €27,454 | +€3,272 | +13.5% |
| Amounts receivable within one year | 40/41 | €46,934 | €38,608 | -€8,326 | -17.7% |
| Trade receivables | 40 | €43,408 | €38,608 | -€4,800 | -11.1% |
| Other amounts receivable | 41 | €3,526 | - | -€3,526 | |
| Cash at bank and in hand | 54/58 | €30,306 | €47,040 | +€16,734 | +55.2% |
| Deferred charges and accrued income | 490/1 | €806 | €876 | +€69 | +8.6% |
| Total equity and liabilities | 10/49 | €164,935 | €145,207 | -€19,728 | -12.0% |
| Equity | 10/15 | €99,395 | €42,837 | -€56,559 | -56.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,395 | €37,837 | -€56,559 | -59.9% |
| Distributable reserves | 133 | €94,395 | €37,837 | -€56,559 | -59.9% |
| Amounts payable | 17/49 | €65,539 | €102,370 | +€36,831 | +56.2% |
| Amounts payable after more than one year | 17 | €23,110 | €15,497 | -€7,613 | -32.9% |
| Financial debts | 170/4 | €23,110 | €15,497 | -€7,613 | -32.9% |
| Amounts payable within one year | 42/48 | €40,679 | €86,573 | +€45,894 | +113% |
| Current portion of amounts payable after more than one year | 42 | €7,306 | €7,613 | +€307 | +4.2% |
| Trade debts | 44 | €15,422 | €12,565 | -€2,857 | -18.5% |
| Suppliers | 440/4 | €15,422 | €12,565 | -€2,857 | -18.5% |
| Taxes, remuneration and social security | 45 | €17,951 | €17,091 | -€860 | -4.8% |
| Taxes | 450/3 | €17,951 | €17,091 | -€860 | -4.8% |
| Other amounts payable | 47/48 | - | €49,304 | +€49,304 | |
| Accrued charges and deferred income | 492/3 | €1,750 | €300 | -€1,450 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,117 | €9,985 | -€132 | -1.3% |
| Other operating charges | 640/8 | €1,923 | €970 | -€953 | -49.6% |
| Gross operating margin | 9900 | €36,391 | €53,079 | +€16,688 | +45.9% |
| Operating profit (loss) | 9901 | €24,350 | €42,123 | +€17,773 | +73.0% |
| Financial income | 75/76B | €978 | €603 | -€375 | -38.3% |
| Recurring financial income | 75 | €978 | €603 | -€375 | -38.3% |
| Financial charges | 65/66B | €1,659 | €1,174 | -€484 | -29.2% |
| Recurring financial charges | 65 | €1,659 | €1,174 | -€484 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €23,670 | €41,552 | +€17,882 | +75.6% |
| Income taxes | 67/77 | €5,563 | €8,111 | +€2,548 | +45.8% |
| Profit (loss) for the period | 9904 | €18,107 | €33,441 | +€15,335 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,107 | €33,441 | +€15,335 | +84.7% |
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 20 October 2026 via checked.be.