Heusdens Leen: 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.
Heusdens Leen
Largest movements
- Receivables within one year +€11,739
up €11,739 (+489%), from €2,403 to €14,142
of which Other amounts receivable: +€12,849
- Tangible fixed assets +€1,628
up €1,628 (+22.0%), from €7,414 to €9,042
of which Plant, machinery and equipment: +€1,334
- Cash +€1,313
up €1,313 (+51.9%), from €2,531 to €3,843
mainly Net result for the year (+€12,198) and Depreciation (+€2,782)
- Deferred charges and accrued income +€799
up €799 (+222%), from €359 to €1,158
- Intangible fixed assets -€720
down €720 (-23.8%), from €3,022 to €2,303
- Reserves +€12,198
up €12,198 (+105%), from €11,591 to €23,789
- Trade debts +€2,541
new in 2025: €2,541
- Gross operating margin +€2,572
up €2,572 (+12.8%), from €20,106 to €22,678
- Depreciation +€1,337
up €1,337 (+92.6%), from €1,445 to €2,782
- Financial charges +€496
up €496 (+29.7%), from €1,673 to €2,169
- Other operating charges +€452
up €452 (+164%), from €275 to €727
- Financial income +€402
up €402 (+2,683%), from €15 to €417
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 | €15,729 | €30,488 | +€14,760 | +93.8% |
| Fixed assets | 21/28 | €10,436 | €11,345 | +€908 | +8.7% |
| Intangible fixed assets | 21 | €3,022 | €2,303 | -€720 | -23.8% |
| Tangible fixed assets | 22/27 | €7,414 | €9,042 | +€1,628 | +22.0% |
| Plant, machinery and equipment | 23 | - | €1,334 | +€1,334 | |
| Furniture and vehicles | 24 | €7,414 | €7,708 | +€294 | +4.0% |
| Current assets | 29/58 | €5,292 | €19,144 | +€13,851 | +262% |
| Amounts receivable within one year | 40/41 | €2,403 | €14,142 | +€11,739 | +489% |
| Trade receivables | 40 | €1,413 | €303 | -€1,110 | -78.6% |
| Other amounts receivable | 41 | €990 | €13,840 | +€12,849 | +1,298% |
| Cash at bank and in hand | 54/58 | €2,531 | €3,843 | +€1,313 | +51.9% |
| Deferred charges and accrued income | 490/1 | €359 | €1,158 | +€799 | +222% |
| Total equity and liabilities | 10/49 | €15,729 | €30,488 | +€14,760 | +93.8% |
| Equity | 10/15 | €14,591 | €26,789 | +€12,198 | +83.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,591 | €23,789 | +€12,198 | +105% |
| Distributable reserves | 133 | €11,591 | €23,789 | +€12,198 | +105% |
| Amounts payable | 17/49 | €1,138 | €3,700 | +€2,562 | +225% |
| Amounts payable within one year | 42/48 | €1,138 | €3,700 | +€2,562 | +225% |
| Financial debts | 43 | - | €21 | +€21 | |
| Other loans | 439 | - | €21 | +€21 | |
| Trade debts | 44 | - | €2,541 | +€2,541 | |
| Suppliers | 440/4 | - | €2,541 | +€2,541 | |
| Taxes, remuneration and social security | 45 | €1,138 | €1,138 | = | 0.0% |
| Taxes | 450/3 | €1,138 | €1,138 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €2,782 | +€1,337 | +92.6% |
| Other operating charges | 640/8 | €275 | €727 | +€452 | +164% |
| Gross operating margin | 9900 | €20,106 | €22,678 | +€2,572 | +12.8% |
| Operating profit (loss) | 9901 | €18,386 | €19,169 | +€783 | +4.3% |
| Financial income | 75/76B | €15 | €417 | +€402 | +2,683% |
| Recurring financial income | 75 | €15 | €417 | +€402 | +2,683% |
| Financial charges | 65/66B | €1,673 | €2,169 | +€496 | +29.7% |
| Recurring financial charges | 65 | €1,673 | €2,169 | +€496 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €16,729 | €17,418 | +€689 | +4.1% |
| Income taxes | 67/77 | €5,138 | €5,220 | +€82 | +1.6% |
| Profit (loss) for the period | 9904 | €11,591 | €12,198 | +€607 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,591 | €12,198 | +€607 | +5.2% |
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 31 October 2026 via checked.be.