HEUFKEN: 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.
HEUFKEN
Largest movements
- Stocks and contracts -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Tangible fixed assets +€37,007
up €37,007 (+6.4%), from €579,325 to €616,333
of which Leasing and similar rights: +€51,700
- Cash +€19,052
up €19,052 (+79.7%), from €23,914 to €42,966
mainly Debts after one year (+€223,859) and Stocks and contracts (+€125,000)
- Receivables within one year -€8,566
down €8,566 (-50.0%), from €17,145 to €8,579
of which Other amounts receivable: -€8,000
- Current portion of long-term debt -€432,837
down €432,837 (-96.2%), from €450,000 to €17,163
- Debts after one year +€223,859
up €223,859 (+97.3%), from €230,000 to €453,859
of which Financial debts: +€223,859
- Other debts +€113,561
up €113,561 (+3953.9%), from €2,872 to €116,433
- Trade debts -€9,857
down €9,857 (-81.0%), from €12,164 to €2,307
- Profit (loss) carried forward +€9,435
up €9,435, from -€9,435 to €0
- Gross operating margin +€41,414
up €41,414 (+123.5%), from €33,542 to €74,956
- Depreciation +€17,226
up €17,226 (+360.3%), from €4,780 to €22,007
- Taxes +€7,682
new in 2025: €7,682
- Financial charges -€4,954
down €4,954 (-15.5%), from €31,872 to €26,919
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 | €747,386 | €671,606 | -€75,780 | -10.1% |
| Formation expenses | 20 | €1,381 | €474 | -€908 | -65.7% |
| Fixed assets | 21/28 | €579,325 | €616,333 | +€37,007 | +6.4% |
| Tangible fixed assets | 22/27 | €579,325 | €616,333 | +€37,007 | +6.4% |
| Land and buildings | 22 | €579,325 | €564,057 | -€15,269 | -2.6% |
| Furniture and vehicles | 24 | €0 | €576 | +€576 | |
| Leasing and similar rights | 25 | - | €51,700 | +€51,700 | |
| Current assets | 29/58 | €166,679 | €54,799 | -€111,880 | -67.1% |
| Stocks and contracts in progress | 3 | €125,000 | €0 | -€125,000 | -100.0% |
| Stocks | 30/36 | €125,000 | €0 | -€125,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,145 | €8,579 | -€8,566 | -50.0% |
| Trade receivables | 40 | €7,945 | €7,379 | -€566 | -7.1% |
| Other amounts receivable | 41 | €9,200 | €1,200 | -€8,000 | -87.0% |
| Cash at bank and in hand | 54/58 | €23,914 | €42,966 | +€19,052 | +79.7% |
| Deferred charges and accrued income | 490/1 | €620 | €3,254 | +€2,634 | +424.8% |
| Total equity and liabilities | 10/49 | €747,386 | €671,606 | -€75,780 | -10.1% |
| Equity | 10/15 | €45,045 | €61,298 | +€16,253 | +36.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,480 | €60,298 | +€6,817 | +12.7% |
| Distributable reserves | 133 | €53,480 | €60,298 | +€6,817 | +12.7% |
| Profit (loss) carried forward | 14 | -€9,435 | €0 | +€9,435 | |
| Amounts payable | 17/49 | €702,341 | €610,308 | -€92,033 | -13.1% |
| Amounts payable after more than one year | 17 | €230,000 | €453,859 | +€223,859 | +97.3% |
| Financial debts | 170/4 | - | €223,859 | +€223,859 | |
| Other amounts payable | 178/9 | €230,000 | €230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €469,232 | €146,311 | -€322,921 | -68.8% |
| Current portion of amounts payable after more than one year | 42 | €450,000 | €17,163 | -€432,837 | -96.2% |
| Trade debts | 44 | €12,164 | €2,307 | -€9,857 | -81.0% |
| Suppliers | 440/4 | €12,164 | €2,307 | -€9,857 | -81.0% |
| Taxes, remuneration and social security | 45 | €4,196 | €10,408 | +€6,212 | +148.1% |
| Taxes | 450/3 | €4,196 | €10,408 | +€6,212 | +148.1% |
| Other amounts payable | 47/48 | €2,872 | €116,433 | +€113,561 | +3953.9% |
| Accrued charges and deferred income | 492/3 | €3,110 | €10,138 | +€7,029 | +226.0% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,780 | €22,007 | +€17,226 | +360.3% |
| Other operating charges | 640/8 | €1,574 | €2,101 | +€527 | +33.5% |
| Gross operating margin | 9900 | €33,542 | €74,956 | +€41,414 | +123.5% |
| Operating profit (loss) | 9901 | €27,188 | €50,848 | +€23,660 | +87.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €31,872 | €26,919 | -€4,954 | -15.5% |
| Recurring financial charges | 65 | €31,872 | €26,919 | -€4,954 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,684 | €23,934 | +€28,619 | |
| Income taxes | 67/77 | - | €7,682 | +€7,682 | |
| Profit (loss) for the period | 9904 | -€4,684 | €16,253 | +€20,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,684 | €16,253 | +€20,937 |
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 6 October 2026 via checked.be.