Eric HEINEN & PARTNER: 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.
Eric HEINEN & PARTNER
Largest movements
- Cash -€21,135
down €21,135 (-29.2%), from €72,397 to €51,262
mainly Contributions, distributions and other (-€15,000) and Debts after one year (-€12,887)
- Tangible fixed assets -€11,771
down €11,771 (-18.4%), from €64,003 to €52,232
of which Furniture and vehicles: -€8,690
- Current investments +€7,607
up €7,607 (+24.5%), from €31,007 to €38,614
- Receivables within one year -€2,532
down €2,532 (-15.4%), from €16,397 to €13,865
of which Trade receivables: -€1,552
- Debts after one year -€12,887
no longer reported in 2025 (was €12,887)
- Other debts -€10,260
down €10,260 (-40.6%), from €25,260 to €15,000
- Current portion of long-term debt -€5,444
down €5,444 (-29.7%), from €18,331 to €12,887
- Reserves +€2,705
up €2,705 (+2.7%), from €100,272 to €102,977
of which Distributable reserves: +€2,705
- Gross operating margin -€14,107
down €14,107 (-20.8%), from €67,882 to €53,775
- Taxes -€2,940
down €2,940 (-20.3%), from €14,468 to €11,528
- Other operating charges +€2,552
up €2,552 (+57.1%), from €4,472 to €7,024
- Financial income +€2,501
up €2,501 (+163%), from €1,534 to €4,035
- Depreciation -€1,231
down €1,231 (-5.7%), from €21,762 to €20,531
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 | €187,641 | €162,467 | -€25,174 | -13.4% |
| Fixed assets | 21/28 | €64,003 | €53,866 | -€10,137 | -15.8% |
| Intangible fixed assets | 21 | - | €1,634 | +€1,634 | |
| Tangible fixed assets | 22/27 | €64,003 | €52,232 | -€11,771 | -18.4% |
| Land and buildings | 22 | €32,758 | €29,677 | -€3,081 | -9.4% |
| Furniture and vehicles | 24 | €31,245 | €22,555 | -€8,690 | -27.8% |
| Current assets | 29/58 | €123,638 | €108,601 | -€15,037 | -12.2% |
| Amounts receivable within one year | 40/41 | €16,397 | €13,865 | -€2,532 | -15.4% |
| Trade receivables | 40 | €15,417 | €13,865 | -€1,552 | -10.1% |
| Other amounts receivable | 41 | €980 | - | -€980 | |
| Current investments | 50/53 | €31,007 | €38,614 | +€7,607 | +24.5% |
| Cash at bank and in hand | 54/58 | €72,397 | €51,262 | -€21,135 | -29.2% |
| Deferred charges and accrued income | 490/1 | €3,837 | €4,860 | +€1,023 | +26.7% |
| Total equity and liabilities | 10/49 | €187,641 | €162,467 | -€25,174 | -13.4% |
| Equity | 10/15 | €120,677 | €123,382 | +€2,705 | +2.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €100,272 | €102,977 | +€2,705 | +2.7% |
| Tax-exempt reserves | 132 | €8,272 | €8,272 | = | 0.0% |
| Distributable reserves | 133 | €92,000 | €94,705 | +€2,705 | +2.9% |
| Amounts payable | 17/49 | €66,964 | €39,085 | -€27,879 | -41.6% |
| Amounts payable after more than one year | 17 | €12,887 | - | -€12,887 | |
| Financial debts | 170/4 | €12,887 | - | -€12,887 | |
| Amounts payable within one year | 42/48 | €54,025 | €39,085 | -€14,940 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €18,331 | €12,887 | -€5,444 | -29.7% |
| Trade debts | 44 | €1,399 | €1,736 | +€337 | +24.1% |
| Suppliers | 440/4 | €1,399 | €1,736 | +€337 | +24.1% |
| Taxes, remuneration and social security | 45 | €9,035 | €9,462 | +€427 | +4.7% |
| Taxes | 450/3 | €9,035 | €9,462 | +€427 | +4.7% |
| Other amounts payable | 47/48 | €25,260 | €15,000 | -€10,260 | -40.6% |
| Accrued charges and deferred income | 492/3 | €52 | - | -€52 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,762 | €20,531 | -€1,231 | -5.7% |
| Other operating charges | 640/8 | €4,472 | €7,024 | +€2,552 | +57.1% |
| Gross operating margin | 9900 | €67,882 | €53,775 | -€14,107 | -20.8% |
| Operating profit (loss) | 9901 | €41,648 | €26,220 | -€15,428 | -37.0% |
| Financial income | 75/76B | €1,534 | €4,035 | +€2,501 | +163% |
| Recurring financial income | 75 | €1,534 | €4,035 | +€2,501 | +163% |
| Financial charges | 65/66B | €1,454 | €1,022 | -€432 | -29.7% |
| Recurring financial charges | 65 | €1,454 | €1,022 | -€432 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €41,728 | €29,233 | -€12,495 | -29.9% |
| Income taxes | 67/77 | €14,468 | €11,528 | -€2,940 | -20.3% |
| Profit (loss) for the period | 9904 | €27,260 | €17,705 | -€9,555 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,260 | €17,705 | -€9,555 | -35.1% |
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 24 October 2026 via checked.be.