HEINRICHS Frères: what changed
HEINRICHS Frères
Largest movements
- Tangible fixed assets -€4,687
down €4,687 (-7.1%), from €66,424 to €61,737
of which Plant, machinery and equipment: -€4,687
- Cash -€3,922
down €3,922 (-33.7%), from €11,634 to €7,712
mainly Net result for the year (-€6,892) and Trade debts (-€950)
- Profit (loss) carried forward -€4,251
down €4,251 (-10.3%), from €41,086 to €36,835
- Reserves -€2,641
down €2,641 (-13.1%), from €20,170 to €17,529
of which Tax-exempt reserves: -€2,641
- Trade debts -€950
no longer reported in 2025 (was €950)
- Gross operating margin -€1,856
down €1,856 (-43.7%), from €4,251 to €2,395
- Other operating charges +€272
up €272 (+6.0%), from €4,523 to €4,795
- Depreciation +€105
up €105 (+2.0%), from €5,212 to €5,316
- Financial income -€49
down €49 (-77.8%), from €63 to €14
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,672 | €83,011 | -€8,661 | -9.4% |
| Fixed assets | 21/28 | €66,424 | €61,737 | -€4,687 | -7.1% |
| Tangible fixed assets | 22/27 | €66,424 | €61,737 | -€4,687 | -7.1% |
| Land and buildings | 22 | €33,120 | €33,120 | = | 0.0% |
| Plant, machinery and equipment | 23 | €33,304 | €28,617 | -€4,687 | -14.1% |
| Current assets | 29/58 | €25,248 | €21,274 | -€3,974 | -15.7% |
| Stocks and contracts in progress | 3 | €2,634 | €2,530 | -€105 | -4.0% |
| Stocks | 30/36 | €2,634 | €2,530 | -€105 | -4.0% |
| Amounts receivable within one year | 40/41 | €10,276 | €10,287 | +€11 | +0.1% |
| Trade receivables | 40 | - | €403 | +€403 | |
| Other amounts receivable | 41 | €10,276 | €9,884 | -€392 | -3.8% |
| Cash at bank and in hand | 54/58 | €11,634 | €7,712 | -€3,922 | -33.7% |
| Deferred charges and accrued income | 490/1 | €703 | €745 | +€42 | +5.9% |
| Total equity and liabilities | 10/49 | €91,672 | €83,011 | -€8,661 | -9.4% |
| Equity | 10/15 | €79,856 | €72,964 | -€6,892 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,170 | €17,529 | -€2,641 | -13.1% |
| Tax-exempt reserves | 132 | €18,310 | €15,669 | -€2,641 | -14.4% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,086 | €36,835 | -€4,251 | -10.3% |
| Provisions and deferred taxes | 16 | €6,103 | €5,223 | -€880 | -14.4% |
| Deferred taxes | 168 | €6,103 | €5,223 | -€880 | -14.4% |
| Amounts payable | 17/49 | €5,713 | €4,823 | -€890 | -15.6% |
| Amounts payable within one year | 42/48 | €5,713 | €4,823 | -€890 | -15.6% |
| Trade debts | 44 | €950 | - | -€950 | |
| Suppliers | 440/4 | €950 | - | -€950 | |
| Taxes, remuneration and social security | 45 | €1,783 | €1,843 | +€60 | +3.4% |
| Taxes | 450/3 | €1,783 | €1,843 | +€60 | +3.4% |
| Other amounts payable | 47/48 | €2,981 | €2,981 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,212 | €5,316 | +€105 | +2.0% |
| Other operating charges | 640/8 | €4,523 | €4,795 | +€272 | +6.0% |
| Gross operating margin | 9900 | €4,251 | €2,395 | -€1,856 | -43.7% |
| Operating profit (loss) | 9901 | -€5,484 | -€7,716 | -€2,232 | -40.7% |
| Financial income | 75/76B | €63 | €14 | -€49 | -77.8% |
| Recurring financial income | 75 | €63 | €14 | -€49 | -77.8% |
| Financial charges | 65/66B | €75 | €70 | -€5 | -6.8% |
| Recurring financial charges | 65 | €75 | €70 | -€5 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,496 | -€7,772 | -€2,276 | -41.4% |
| Transfer from deferred taxes | 780 | €880 | €880 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,616 | -€6,892 | -€2,276 | -49.3% |
| Transfer from tax-exempt reserves | 789 | €2,641 | €2,641 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,975 | -€4,251 | -€2,276 | -115% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.