HEINZ ENGINEERING: what changed
Two fiscal 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.
HEINZ ENGINEERING
Largest movements
- Tangible fixed assets -€35,905
down €35,905 (-25.4%), from €141,570 to €105,665
of which Land and buildings: -€34,128
- Receivables within one year -€24,932
down €24,932 (-43.2%), from €57,720 to €32,787
of which Trade receivables: -€29,687
- Cash +€5,372
up €5,372 (+1517.3%), from €354 to €5,726
mainly Net result for the year (+€82,773) and Short-term financial debts (+€44,964)
- Tax, wage and social debts -€106,161
down €106,161 (-69.3%), from €153,288 to €47,127
of which Taxes: -€96,157
- Short-term financial debts +€44,964
up €44,964 (+40.0%), from €112,518 to €157,482
of which Credit institutions: +€57,464
- Debts after one year -€30,490
down €30,490 (-21.5%), from €141,492 to €111,002
- Profit (loss) carried forward +€12,773
up €12,773 (+57.1%), from €22,374 to €35,147
- Other debts +€12,689
up €12,689 (+38.7%), from €32,774 to €45,463
- Gross operating margin -€27,665
down €27,665 (-9.7%), from €284,156 to €256,491
- Taxes -€6,426
down €6,426 (-16.5%), from €38,874 to €32,448
- Financial charges -€3,403
down €3,403 (-16.7%), from €20,352 to €16,949
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 | €519,365 | €461,471 | -€57,894 | -11.1% |
| Fixed assets | 21/28 | €444,209 | €406,556 | -€37,654 | -8.5% |
| Intangible fixed assets | 21 | €2,639 | €891 | -€1,748 | -66.2% |
| Tangible fixed assets | 22/27 | €141,570 | €105,665 | -€35,905 | -25.4% |
| Land and buildings | 22 | €135,405 | €101,277 | -€34,128 | -25.2% |
| Furniture and vehicles | 24 | €6,165 | €4,388 | -€1,777 | -28.8% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €75,156 | €54,915 | -€20,240 | -26.9% |
| Stocks and contracts in progress | 3 | €988 | €0 | -€988 | -100.0% |
| Stocks | 30/36 | €988 | €0 | -€988 | -100.0% |
| Amounts receivable within one year | 40/41 | €57,720 | €32,787 | -€24,932 | -43.2% |
| Trade receivables | 40 | €57,302 | €27,616 | -€29,687 | -51.8% |
| Other amounts receivable | 41 | €417 | €5,172 | +€4,754 | +1139.6% |
| Cash at bank and in hand | 54/58 | €354 | €5,726 | +€5,372 | +1517.3% |
| Deferred charges and accrued income | 490/1 | €16,094 | €16,402 | +€308 | +1.9% |
| Total equity and liabilities | 10/49 | €519,365 | €461,471 | -€57,894 | -11.1% |
| Equity | 10/15 | €40,974 | €53,747 | +€12,773 | +31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,374 | €35,147 | +€12,773 | +57.1% |
| Amounts payable | 17/49 | €478,391 | €407,724 | -€70,667 | -14.8% |
| Amounts payable after more than one year | 17 | €141,492 | €111,002 | -€30,490 | -21.5% |
| Financial debts | 170/4 | €141,492 | €111,002 | -€30,490 | -21.5% |
| Amounts payable within one year | 42/48 | €335,826 | €295,937 | -€39,889 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €29,962 | €30,490 | +€527 | +1.8% |
| Financial debts | 43 | €112,518 | €157,482 | +€44,964 | +40.0% |
| Credit institutions | 430/8 | €100,018 | €157,482 | +€57,464 | +57.5% |
| Other loans | 439 | €12,500 | €0 | -€12,500 | -100.0% |
| Trade debts | 44 | €7,284 | €15,376 | +€8,092 | +111.1% |
| Suppliers | 440/4 | €7,284 | €15,376 | +€8,092 | +111.1% |
| Taxes, remuneration and social security | 45 | €153,288 | €47,127 | -€106,161 | -69.3% |
| Taxes | 450/3 | €131,800 | €35,642 | -€96,157 | -73.0% |
| Remuneration and social security | 454/9 | €21,488 | €11,484 | -€10,004 | -46.6% |
| Other amounts payable | 47/48 | €32,774 | €45,463 | +€12,689 | +38.7% |
| Accrued charges and deferred income | 492/3 | €1,073 | €785 | -€289 | -26.9% |
| Non-recurring operating income | 76A | €14,103 | €0 | -€14,103 | -100.0% |
| Remuneration, social security and pensions | 62 | €79,743 | €80,276 | +€534 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,602 | €41,243 | -€359 | -0.9% |
| Other operating charges | 640/8 | €1,827 | €2,802 | +€975 | +53.4% |
| Gross operating margin | 9900 | €284,156 | €256,491 | -€27,665 | -9.7% |
| Operating profit (loss) | 9901 | €160,984 | €132,170 | -€28,814 | -17.9% |
| Financial income | 75/76B | €33 | €0 | -€33 | -99.5% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -99.5% |
| Financial charges | 65/66B | €20,352 | €16,949 | -€3,403 | -16.7% |
| Recurring financial charges | 65 | €20,352 | €16,949 | -€3,403 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €140,665 | €115,221 | -€25,444 | -18.1% |
| Income taxes | 67/77 | €38,874 | €32,448 | -€6,426 | -16.5% |
| Profit (loss) for the period | 9904 | €101,791 | €82,773 | -€19,018 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €101,791 | €82,773 | -€19,018 | -18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.