HEINEN: 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.
HEINEN
Largest movements
- Cash +€169,192
up €169,192 (+113%), from €149,818 to €319,010
mainly Net result for the year (+€136,351) and Depreciation (+€25,631)
- Tangible fixed assets -€23,299
down €23,299 (-34.8%), from €67,002 to €43,703
of which Furniture and vehicles: -€25,121
- Receivables within one year -€4,961
down €4,961 (-19.2%), from €25,806 to €20,845
of which Other amounts receivable: -€5,613
- Reserves +€136,000
up €136,000 (+64.2%), from €212,000 to €348,000
- Other debts +€9,430
up €9,430 (+696%), from €1,355 to €10,785
- Advances received -€8,760
no longer reported in 2025 (was €8,760)
- Gross operating margin +€84,628
up €84,628 (+65.9%), from €128,509 to €213,137
- Taxes +€28,432
up €28,432 (+133%), from €21,380 to €49,812
- Staff costs -€6,133
down €6,133 (-47.4%), from €12,938 to €6,805
- Financial income +€2,748
up €2,748 (+54.7%), from €5,020 to €7,768
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 | €243,838 | €384,343 | +€140,505 | +57.6% |
| Fixed assets | 21/28 | €67,002 | €43,703 | -€23,299 | -34.8% |
| Tangible fixed assets | 22/27 | €67,002 | €43,703 | -€23,299 | -34.8% |
| Plant, machinery and equipment | 23 | €653 | €2,475 | +€1,822 | +279% |
| Furniture and vehicles | 24 | €66,349 | €41,228 | -€25,121 | -37.9% |
| Current assets | 29/58 | €176,836 | €340,640 | +€163,804 | +92.6% |
| Stocks and contracts in progress | 3 | €598 | €484 | -€114 | -19.1% |
| Stocks | 30/36 | €598 | €484 | -€114 | -19.1% |
| Amounts receivable within one year | 40/41 | €25,806 | €20,845 | -€4,961 | -19.2% |
| Trade receivables | 40 | €6,443 | €7,095 | +€652 | +10.1% |
| Other amounts receivable | 41 | €19,363 | €13,750 | -€5,613 | -29.0% |
| Cash at bank and in hand | 54/58 | €149,818 | €319,010 | +€169,192 | +113% |
| Deferred charges and accrued income | 490/1 | €614 | €301 | -€313 | -51.0% |
| Total equity and liabilities | 10/49 | €243,838 | €384,343 | +€140,505 | +57.6% |
| Equity | 10/15 | €229,283 | €365,634 | +€136,351 | +59.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €212,000 | €348,000 | +€136,000 | +64.2% |
| Distributable reserves | 133 | €212,000 | €348,000 | +€136,000 | +64.2% |
| Profit (loss) carried forward | 14 | €5,283 | €5,634 | +€351 | +6.6% |
| Amounts payable | 17/49 | €14,555 | €18,709 | +€4,154 | +28.5% |
| Amounts payable within one year | 42/48 | €14,555 | €18,709 | +€4,154 | +28.5% |
| Trade debts | 44 | €3,089 | €6,887 | +€3,798 | +123% |
| Suppliers | 440/4 | €3,089 | €6,887 | +€3,798 | +123% |
| Advances received on contracts in progress | 46 | €8,760 | - | -€8,760 | |
| Taxes, remuneration and social security | 45 | €1,351 | €1,037 | -€314 | -23.2% |
| Taxes | 450/3 | €30 | - | -€30 | |
| Remuneration and social security | 454/9 | €1,321 | €1,037 | -€284 | -21.5% |
| Other amounts payable | 47/48 | €1,355 | €10,785 | +€9,430 | +696% |
| Remuneration, social security and pensions | 62 | €12,938 | €6,805 | -€6,133 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,787 | €25,631 | +€844 | +3.4% |
| Other operating charges | 640/8 | €966 | €1,067 | +€101 | +10.5% |
| Non-recurring operating charges | 66A | - | €34 | +€34 | |
| Gross operating margin | 9900 | €128,509 | €213,137 | +€84,628 | +65.9% |
| Operating profit (loss) | 9901 | €89,818 | €179,600 | +€89,782 | +100.0% |
| Financial income | 75/76B | €5,020 | €7,768 | +€2,748 | +54.7% |
| Recurring financial income | 75 | €5,020 | €7,768 | +€2,748 | +54.7% |
| Financial charges | 65/66B | €551 | €1,205 | +€654 | +119% |
| Recurring financial charges | 65 | €551 | €1,205 | +€654 | +119% |
| Profit (loss) for the period before taxes | 9903 | €94,287 | €186,163 | +€91,876 | +97.4% |
| Income taxes | 67/77 | €21,380 | €49,812 | +€28,432 | +133% |
| Profit (loss) for the period | 9904 | €72,907 | €136,351 | +€63,444 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,907 | €136,351 | +€63,444 | +87.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.