Heinbroeck: 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.
Heinbroeck
Largest movements
- Tangible fixed assets -€495,208
down €495,208 (-20.9%), from €2.4m to €1.9m
of which Land and buildings: -€433,784
- Current investments +€400,000
up €400,000, from €0 to €400,000
- Receivables within one year +€61,968
up €61,968 (+67.7%), from €91,548 to €153,516
of which Other amounts receivable: +€77,621
- Cash +€47,796
up €47,796 (+682%), from €7,011 to €54,807
mainly Depreciation (+€290,988) and Investment in fixed assets (net) (+€204,220)
- Profit (loss) carried forward +€123,068
up €123,068 (+5.5%), from €2.2m to €2.4m
- Current portion of long-term debt -€106,039
down €106,039 (-91.6%), from €115,745 to €9,707
- Trade debts +€40,640
up €40,640 (+171%), from €23,747 to €64,387
- Depreciation +€144,930
up €144,930 (+99.2%), from €146,059 to €290,988
- Taxes -€44,725
down €44,725 (-52.3%), from €85,445 to €40,720
- Gross operating margin -€39,295
down €39,295 (-7.3%), from €535,379 to €496,084
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 | €2,478,758 | €2,514,885 | +€36,127 | +1.5% |
| Fixed assets | 21/28 | €2,371,016 | €1,875,807 | -€495,208 | -20.9% |
| Tangible fixed assets | 22/27 | €2,371,016 | €1,875,807 | -€495,208 | -20.9% |
| Land and buildings | 22 | €2,086,458 | €1,652,674 | -€433,784 | -20.8% |
| Plant, machinery and equipment | 23 | €13,139 | €10,366 | -€2,773 | -21.1% |
| Furniture and vehicles | 24 | €258,975 | €204,567 | -€54,408 | -21.0% |
| Other tangible fixed assets | 26 | €12,444 | €8,201 | -€4,243 | -34.1% |
| Current assets | 29/58 | €107,742 | €639,077 | +€531,335 | +493% |
| Amounts receivable within one year | 40/41 | €91,548 | €153,516 | +€61,968 | +67.7% |
| Trade receivables | 40 | €66,038 | €50,384 | -€15,653 | -23.7% |
| Other amounts receivable | 41 | €25,510 | €103,132 | +€77,621 | +304% |
| Current investments | 50/53 | €0 | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €7,011 | €54,807 | +€47,796 | +682% |
| Deferred charges and accrued income | 490/1 | €9,183 | €30,754 | +€21,571 | +235% |
| Total equity and liabilities | 10/49 | €2,478,758 | €2,514,885 | +€36,127 | +1.5% |
| Equity | 10/15 | €2,250,869 | €2,373,937 | +€123,068 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,715 | €2,715 | = | 0.0% |
| Tax-exempt reserves | 132 | €855 | €855 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,229,555 | €2,352,623 | +€123,068 | +5.5% |
| Amounts payable | 17/49 | €227,888 | €140,947 | -€86,941 | -38.2% |
| Amounts payable after more than one year | 17 | €9,707 | €0 | -€9,707 | -100% |
| Financial debts | 170/4 | €9,707 | €0 | -€9,707 | -100% |
| Amounts payable within one year | 42/48 | €212,302 | €140,947 | -€71,355 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €115,745 | €9,707 | -€106,039 | -91.6% |
| Trade debts | 44 | €23,747 | €64,387 | +€40,640 | +171% |
| Suppliers | 440/4 | €23,747 | €64,387 | +€40,640 | +171% |
| Taxes, remuneration and social security | 45 | €18,224 | €30,853 | +€12,629 | +69.3% |
| Taxes | 450/3 | €18,224 | €30,853 | +€12,629 | +69.3% |
| Other amounts payable | 47/48 | €54,585 | €36,000 | -€18,585 | -34.0% |
| Accrued charges and deferred income | 492/3 | €5,880 | €0 | -€5,880 | -100% |
| Non-recurring operating income | 76A | €16,772 | €65,455 | +€48,682 | +290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,059 | €290,988 | +€144,930 | +99.2% |
| Other operating charges | 640/8 | €10,279 | €9,914 | -€365 | -3.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €535,379 | €496,084 | -€39,295 | -7.3% |
| Operating profit (loss) | 9901 | €379,041 | €195,181 | -€183,860 | -48.5% |
| Financial income | 75/76B | €3,285 | €7,316 | +€4,031 | +123% |
| Recurring financial income | 75 | €3,285 | €7,316 | +€4,031 | +123% |
| Financial charges | 65/66B | €2,644 | €2,709 | +€65 | +2.5% |
| Recurring financial charges | 65 | €2,644 | €2,709 | +€65 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €379,682 | €199,788 | -€179,894 | -47.4% |
| Income taxes | 67/77 | €85,445 | €40,720 | -€44,725 | -52.3% |
| Profit (loss) for the period | 9904 | €294,237 | €159,068 | -€135,169 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €294,237 | €159,068 | -€135,169 | -45.9% |
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 18 October 2026 via checked.be.