HEINEN Bruno: 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 Bruno
Largest movements
- Tangible fixed assets +€40,470
up €40,470 (+171%), from €23,733 to €64,204
of which Leasing and similar rights: +€27,651
- Cash +€32,437
up €32,437 (+125%), from €26,048 to €58,485
mainly Net result for the year (+€34,701) and Debts after one year (+€22,176)
- Receivables within one year +€27,149
up €27,149 (+17.0%), from €159,444 to €186,593
of which Trade receivables: +€26,207
- Stocks and contracts -€13,088
down €13,088 (-4.2%), from €311,110 to €298,022
- Debts after one year +€22,176
new in 2025: €22,176
- Profit (loss) carried forward +€20,403
up €20,403, from -€7,206 to €13,196
- Trade debts +€20,343
up €20,343 (+24.2%), from €84,167 to €104,510
- Other debts +€11,500
new in 2025: €11,500
- Tax, wage and social debts +€9,802
up €9,802 (+45.5%), from €21,564 to €31,365
of which Taxes: +€6,510
- Gross operating margin +€66,005
up €66,005 (+65.4%), from €100,932 to €166,937
- Taxes +€11,144
up €11,144 (+332%), from €3,359 to €14,503
- Other operating charges +€7,137
up €7,137 (+99.5%), from €7,172 to €14,309
- Depreciation +€6,956
up €6,956 (+59.7%), from €11,644 to €18,599
- Staff costs +€4,348
up €4,348 (+5.8%), from €74,663 to €79,011
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 | €526,114 | €614,521 | +€88,407 | +16.8% |
| Fixed assets | 21/28 | €24,290 | €64,760 | +€40,470 | +167% |
| Tangible fixed assets | 22/27 | €23,733 | €64,204 | +€40,470 | +171% |
| Land and buildings | 22 | €7,372 | €4,239 | -€3,132 | -42.5% |
| Plant, machinery and equipment | 23 | €11,601 | €13,020 | +€1,419 | +12.2% |
| Furniture and vehicles | 24 | €4,760 | €19,293 | +€14,533 | +305% |
| Leasing and similar rights | 25 | - | €27,651 | +€27,651 | |
| Financial fixed assets | 28 | €556 | €556 | = | 0.0% |
| Current assets | 29/58 | €501,824 | €549,761 | +€47,937 | +9.6% |
| Stocks and contracts in progress | 3 | €311,110 | €298,022 | -€13,088 | -4.2% |
| Stocks | 30/36 | €311,110 | €298,022 | -€13,088 | -4.2% |
| Amounts receivable within one year | 40/41 | €159,444 | €186,593 | +€27,149 | +17.0% |
| Trade receivables | 40 | €149,176 | €175,383 | +€26,207 | +17.6% |
| Other amounts receivable | 41 | €10,268 | €11,210 | +€942 | +9.2% |
| Cash at bank and in hand | 54/58 | €26,048 | €58,485 | +€32,437 | +125% |
| Deferred charges and accrued income | 490/1 | €5,223 | €6,661 | +€1,438 | +27.5% |
| Total equity and liabilities | 10/49 | €526,114 | €614,521 | +€88,407 | +16.8% |
| Equity | 10/15 | €415,417 | €438,617 | +€23,201 | +5.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €360,649 | €363,447 | +€2,798 | +0.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €335,702 | €338,500 | +€2,798 | +0.8% |
| Profit (loss) carried forward | 14 | -€7,206 | €13,196 | +€20,403 | |
| Amounts payable | 17/49 | €110,697 | €175,903 | +€65,206 | +58.9% |
| Amounts payable after more than one year | 17 | - | €22,176 | +€22,176 | |
| Financial debts | 170/4 | - | €22,176 | +€22,176 | |
| Amounts payable within one year | 42/48 | €110,697 | €153,728 | +€43,031 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €4,966 | €6,352 | +€1,386 | +27.9% |
| Trade debts | 44 | €84,167 | €104,510 | +€20,343 | +24.2% |
| Suppliers | 440/4 | €84,167 | €104,510 | +€20,343 | +24.2% |
| Taxes, remuneration and social security | 45 | €21,564 | €31,365 | +€9,802 | +45.5% |
| Taxes | 450/3 | €11,029 | €17,539 | +€6,510 | +59.0% |
| Remuneration and social security | 454/9 | €10,535 | €13,827 | +€3,292 | +31.2% |
| Other amounts payable | 47/48 | - | €11,500 | +€11,500 | |
| Remuneration, social security and pensions | 62 | €74,663 | €79,011 | +€4,348 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,644 | €18,599 | +€6,956 | +59.7% |
| Other operating charges | 640/8 | €7,172 | €14,309 | +€7,137 | +99.5% |
| Gross operating margin | 9900 | €100,932 | €166,937 | +€66,005 | +65.4% |
| Operating profit (loss) | 9901 | €7,452 | €55,017 | +€47,565 | +638% |
| Financial income | 75/76B | €1,390 | €1,755 | +€366 | +26.3% |
| Recurring financial income | 75 | €1,390 | €1,755 | +€366 | +26.3% |
| Financial charges | 65/66B | €6,198 | €7,569 | +€1,371 | +22.1% |
| Recurring financial charges | 65 | €6,198 | €7,569 | +€1,371 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €2,644 | €49,204 | +€46,560 | +1,761% |
| Income taxes | 67/77 | €3,359 | €14,503 | +€11,144 | +332% |
| Profit (loss) for the period | 9904 | -€715 | €34,701 | +€35,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€715 | €34,701 | +€35,416 |
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 21 October 2026 via checked.be.