HEENWERF: 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.
HEENWERF
Largest movements
- Receivables after one year +€390,921
up €390,921 (+65.1%), from €600,272 to €991,193
- Receivables within one year -€39,411
down €39,411 (-13.5%), from €291,449 to €252,039
of which Other amounts receivable: -€39,411
- Debts after one year +€390,921
new in 2025: €390,921
- Other debts -€42,694
down €42,694 (-90.0%), from €47,440 to €4,747
- Gross operating margin -€21,146
down €21,146 (-185%), from -€11,405 to -€32,551
- Financial income +€18,071
up €18,071 (+39.7%), from €45,509 to €63,580
- Financial charges +€12,786
up €12,786 (+2,193%), from €583 to €13,369
- Taxes -€3,264
down €3,264 (-46.6%), from €7,002 to €3,738
- Other operating charges -€344
down €344 (-16.0%), from €2,153 to €1,809
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 | €918,796 | €1,280,324 | +€361,528 | +39.3% |
| Fixed assets | 21/28 | €3,069 | €1,485 | -€1,585 | -51.6% |
| Tangible fixed assets | 22/27 | €3,069 | €1,485 | -€1,585 | -51.6% |
| Furniture and vehicles | 24 | €3,069 | €1,485 | -€1,585 | -51.6% |
| Current assets | 29/58 | €915,727 | €1,278,839 | +€363,113 | +39.7% |
| Amounts receivable after more than one year | 29 | €600,272 | €991,193 | +€390,921 | +65.1% |
| Other amounts receivable | 291 | €600,272 | €991,193 | +€390,921 | +65.1% |
| Amounts receivable within one year | 40/41 | €291,449 | €252,039 | -€39,411 | -13.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €291,449 | €252,039 | -€39,411 | -13.5% |
| Cash at bank and in hand | 54/58 | €3,214 | €5,061 | +€1,848 | +57.5% |
| Deferred charges and accrued income | 490/1 | €20,792 | €30,546 | +€9,755 | +46.9% |
| Total equity and liabilities | 10/49 | €918,796 | €1,280,324 | +€361,528 | +39.3% |
| Equity | 10/15 | €851,246 | €861,776 | +€10,530 | +1.2% |
| Contributions | 10/11 | €95,600 | €95,600 | = | 0.0% |
| Capital | 10 | €95,600 | €95,600 | = | 0.0% |
| Issued capital | 100 | €95,600 | €95,600 | = | 0.0% |
| Reserves | 13 | €755,646 | €766,176 | +€10,530 | +1.4% |
| Non-distributable reserves | 130/1 | €9,560 | €9,560 | = | 0.0% |
| Legal reserve | 130 | €9,560 | €9,560 | = | 0.0% |
| Distributable reserves | 133 | €746,086 | €756,616 | +€10,530 | +1.4% |
| Amounts payable | 17/49 | €67,550 | €418,548 | +€350,999 | +520% |
| Amounts payable after more than one year | 17 | - | €390,921 | +€390,921 | |
| Financial debts | 170/4 | - | €390,921 | +€390,921 | |
| Amounts payable within one year | 42/48 | €67,550 | €15,900 | -€51,650 | -76.5% |
| Trade debts | 44 | €1,040 | €2,785 | +€1,745 | +168% |
| Suppliers | 440/4 | €1,040 | €2,785 | +€1,745 | +168% |
| Taxes, remuneration and social security | 45 | €19,069 | €8,368 | -€10,701 | -56.1% |
| Taxes | 450/3 | €19,069 | €8,368 | -€10,701 | -56.1% |
| Other amounts payable | 47/48 | €47,440 | €4,747 | -€42,694 | -90.0% |
| Accrued charges and deferred income | 492/3 | - | €11,728 | +€11,728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €1,585 | = | 0.0% |
| Other operating charges | 640/8 | €2,153 | €1,809 | -€344 | -16.0% |
| Gross operating margin | 9900 | -€11,405 | -€32,551 | -€21,146 | -185% |
| Operating profit (loss) | 9901 | -€15,142 | -€35,944 | -€20,802 | -137% |
| Financial income | 75/76B | €45,509 | €63,580 | +€18,071 | +39.7% |
| Recurring financial income | 75 | €45,509 | €63,580 | +€18,071 | +39.7% |
| Financial charges | 65/66B | €583 | €13,369 | +€12,786 | +2,193% |
| Recurring financial charges | 65 | €583 | €13,369 | +€12,786 | +2,193% |
| Profit (loss) for the period before taxes | 9903 | €29,784 | €14,267 | -€15,517 | -52.1% |
| Income taxes | 67/77 | €7,002 | €3,738 | -€3,264 | -46.6% |
| Profit (loss) for the period | 9904 | €22,782 | €10,530 | -€12,253 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,782 | €10,530 | -€12,253 | -53.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.