HEIN'S SOLUTIONS: 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.
HEIN'S SOLUTIONS
Largest movements
- Tangible fixed assets -€26,645
down €26,645 (-40.9%), from €65,067 to €38,422
of which Land and buildings: -€27,558
- Cash -€14,622
down €14,622 (-78.2%), from €18,687 to €4,065
mainly Debts after one year (-€32,355) and Stocks and contracts (-€14,605)
- Stocks and contracts +€14,605
up €14,605 (+532%), from €2,744 to €17,349
of which Contracts in progress: +€12,576
- Deferred charges and accrued income -€3,516
down €3,516 (-77.3%), from €4,548 to €1,032
- Receivables within one year +€1,467
up €1,467 (+4.9%), from €29,866 to €31,333
of which Trade receivables: +€2,717
- Debts after one year -€32,355
down €32,355 (-43.8%), from €73,887 to €41,532
- Other debts +€6,050
up €6,050 (+10.4%), from €58,116 to €64,166
- Trade debts -€3,570
no longer reported in 2025 (was €3,570)
- Profit (loss) carried forward +€2,760
up €2,760 (+2.2%), from -€127,899 to -€125,139
- Current portion of long-term debt -€2,401
down €2,401 (-7.5%), from €32,030 to €29,629
- Gross operating margin -€18,183
down €18,183 (-32.5%), from €56,018 to €37,835
- Depreciation -€15,778
down €15,778 (-34.0%), from €46,340 to €30,562
- Taxes -€1,800
down €1,800, from €900 to -€900
- Other operating charges +€1,403
up €1,403 (+1,054%), from €133 to €1,536
- Financial charges -€1,148
down €1,148 (-22.3%), from €5,153 to €4,005
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 | €120,911 | €92,201 | -€28,710 | -23.7% |
| Fixed assets | 21/28 | €65,067 | €38,422 | -€26,645 | -40.9% |
| Tangible fixed assets | 22/27 | €65,067 | €38,422 | -€26,645 | -40.9% |
| Land and buildings | 22 | €54,465 | €26,908 | -€27,558 | -50.6% |
| Plant, machinery and equipment | 23 | €10,556 | €8,323 | -€2,233 | -21.2% |
| Furniture and vehicles | 24 | €45 | - | -€45 | |
| Other tangible fixed assets | 26 | - | €3,192 | +€3,192 | |
| Current assets | 29/58 | €55,844 | €53,778 | -€2,066 | -3.7% |
| Stocks and contracts in progress | 3 | €2,744 | €17,349 | +€14,605 | +532% |
| Stocks | 30/36 | €2,744 | €4,773 | +€2,029 | +73.9% |
| Contracts in progress | 37 | - | €12,576 | +€12,576 | |
| Amounts receivable within one year | 40/41 | €29,866 | €31,333 | +€1,467 | +4.9% |
| Trade receivables | 40 | €27,941 | €30,658 | +€2,717 | +9.7% |
| Other amounts receivable | 41 | €1,925 | €675 | -€1,250 | -64.9% |
| Cash at bank and in hand | 54/58 | €18,687 | €4,065 | -€14,622 | -78.2% |
| Deferred charges and accrued income | 490/1 | €4,548 | €1,032 | -€3,516 | -77.3% |
| Total equity and liabilities | 10/49 | €120,911 | €92,201 | -€28,710 | -23.7% |
| Equity | 10/15 | -€47,710 | -€44,950 | +€2,760 | +5.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €20,189 | €20,189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Distributable reserves | 133 | €14,189 | €20,189 | +€6,000 | +42.3% |
| Profit (loss) carried forward | 14 | -€127,899 | -€125,139 | +€2,760 | +2.2% |
| Amounts payable | 17/49 | €168,621 | €137,150 | -€31,470 | -18.7% |
| Amounts payable after more than one year | 17 | €73,887 | €41,532 | -€32,355 | -43.8% |
| Financial debts | 170/4 | €73,887 | €41,532 | -€32,355 | -43.8% |
| Amounts payable within one year | 42/48 | €94,734 | €93,948 | -€785 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €32,030 | €29,629 | -€2,401 | -7.5% |
| Trade debts | 44 | €3,570 | - | -€3,570 | |
| Suppliers | 440/4 | €3,570 | - | -€3,570 | |
| Taxes, remuneration and social security | 45 | €1,018 | €153 | -€865 | -84.9% |
| Taxes | 450/3 | €1,018 | €153 | -€865 | -84.9% |
| Other amounts payable | 47/48 | €58,116 | €64,166 | +€6,050 | +10.4% |
| Accrued charges and deferred income | 492/3 | - | €1,670 | +€1,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,340 | €30,562 | -€15,778 | -34.0% |
| Other operating charges | 640/8 | €133 | €1,536 | +€1,403 | +1,054% |
| Gross operating margin | 9900 | €56,018 | €37,835 | -€18,183 | -32.5% |
| Operating profit (loss) | 9901 | €9,545 | €5,738 | -€3,807 | -39.9% |
| Financial income | 75/76B | €0 | €22 | +€22 | +5,932% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +5,932% |
| Financial charges | 65/66B | €5,153 | €4,005 | -€1,148 | -22.3% |
| Recurring financial charges | 65 | €5,153 | €4,005 | -€1,148 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €4,392 | €1,755 | -€2,637 | -60.0% |
| Income taxes | 67/77 | €900 | -€900 | -€1,800 | |
| Profit (loss) for the period | 9904 | €3,492 | €2,655 | -€837 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,492 | €2,655 | -€837 | -24.0% |
Source: filed annual accounts (NBB), financial years ended 29 September 2024 and 29 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.