HEINE: 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.
HEINE
Largest movements
- Deferred charges and accrued income +€22,000
new in 2025: €22,000
- Receivables within one year -€10,135
down €10,135 (-9.6%), from €106,090 to €95,955
of which Trade receivables: -€8,645
- Cash +€5,327
up €5,327 (+13.0%), from €40,957 to €46,284
mainly Net result for the year (+€10,140) and Receivables within one year (+€10,135)
- Tangible fixed assets -€4,774
down €4,774 (-6.6%), from €72,641 to €67,867
of which Land and buildings: -€4,774
- Reserves +€10,000
up €10,000 (+18.4%), from €54,430 to €64,430
of which Distributable reserves: +€10,000
- Turnover +€66,000
new in 2025: €66,000
- Gross operating margin +€55,324
up €55,324, from -€28,917 to €26,407
- Purchases and services +€10,676
up €10,676 (+36.9%), from €28,917 to €39,593
- Financial income -€5,959
down €5,959 (-66.4%), from €8,969 to €3,010
- Taxes +€3,803
up €3,803, from €0 to €3,803
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.
Cash bridge derived
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 | €429,731 | €442,148 | +€12,417 | +2.9% |
| Fixed assets | 21/28 | €72,641 | €67,867 | -€4,774 | -6.6% |
| Tangible fixed assets | 22/27 | €72,641 | €67,867 | -€4,774 | -6.6% |
| Land and buildings | 22 | €72,641 | €67,867 | -€4,774 | -6.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €357,089 | €374,281 | +€17,192 | +4.8% |
| Amounts receivable within one year | 40/41 | €106,090 | €95,955 | -€10,135 | -9.6% |
| Trade receivables | 40 | €102,115 | €93,471 | -€8,645 | -8.5% |
| Other amounts receivable | 41 | €3,975 | €2,484 | -€1,491 | -37.5% |
| Current investments | 50/53 | €210,043 | €210,043 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,957 | €46,284 | +€5,327 | +13.0% |
| Deferred charges and accrued income | 490/1 | - | €22,000 | +€22,000 | |
| Total equity and liabilities | 10/49 | €429,731 | €442,148 | +€12,417 | +2.9% |
| Equity | 10/15 | €426,352 | €436,492 | +€10,140 | +2.4% |
| Contributions | 10/11 | €253,932 | €253,932 | = | 0.0% |
| Capital | 10 | €253,932 | €253,932 | = | 0.0% |
| Issued capital | 100 | €253,932 | €253,932 | = | 0.0% |
| Reserves | 13 | €54,430 | €64,430 | +€10,000 | +18.4% |
| Non-distributable reserves | 130/1 | €21,177 | €21,177 | = | 0.0% |
| Legal reserve | 130 | €21,177 | €21,177 | = | 0.0% |
| Distributable reserves | 133 | €33,253 | €43,253 | +€10,000 | +30.1% |
| Profit (loss) carried forward | 14 | €117,990 | €118,130 | +€140 | +0.1% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,379 | €5,656 | +€2,277 | +67.4% |
| Amounts payable within one year | 42/48 | €3,379 | €3,260 | -€119 | -3.5% |
| Trade debts | 44 | €19 | €0 | -€19 | -100.0% |
| Suppliers | 440/4 | €19 | €0 | -€19 | -100.0% |
| Taxes, remuneration and social security | 45 | €360 | €3,260 | +€2,900 | +805.6% |
| Taxes | 450/3 | €360 | €3,260 | +€2,900 | +805.6% |
| Other amounts payable | 47/48 | €3,000 | €0 | -€3,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €2,396 | +€2,396 | |
| Turnover | 70 | - | €66,000 | +€66,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,917 | €39,593 | +€10,676 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,651 | €4,774 | +€124 | +2.7% |
| Other operating charges | 640/8 | €10,249 | €10,614 | +€365 | +3.6% |
| Gross operating margin | 9900 | -€28,917 | €26,407 | +€55,324 | |
| Operating profit (loss) | 9901 | -€43,818 | €11,018 | +€54,836 | |
| Financial income | 75/76B | €8,969 | €3,010 | -€5,959 | -66.4% |
| Recurring financial income | 75 | €8,969 | €3,010 | -€5,959 | -66.4% |
| Financial charges | 65/66B | €154 | €85 | -€69 | -45.0% |
| Recurring financial charges | 65 | €154 | €85 | -€69 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,003 | €13,943 | +€48,947 | |
| Income taxes | 67/77 | €0 | €3,803 | +€3,803 | |
| Profit (loss) for the period | 9904 | -€35,003 | €10,140 | +€45,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,003 | €10,140 | +€45,144 |
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 11 October 2026 via checked.be.