Heylen: 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.
Heylen
Largest movements
- Cash +€709,314
up €709,314 (+162%), from €437,074 to €1.1m
mainly Net result for the year (+€665,924) and Other debts (+€335,931)
- Tangible fixed assets -€256,695
down €256,695 (-14.8%), from €1.7m to €1.5m
of which Land and buildings: -€202,414
- Receivables within one year +€169,391
up €169,391 (+61.9%), from €273,832 to €443,224
of which Other amounts receivable: +€100,000
- Other debts +€335,931
up €335,931 (+344%), from €97,640 to €433,571
- Reserves +€191,899
up €191,899 (+13.7%), from €1.4m to €1.6m
of which Tax-exempt reserves: +€281,899
- Provisions +€93,785
up €93,785 (+2,026%), from €4,630 to €98,415
- Debts after one year -€83,542
down €83,542 (-46.1%), from €181,383 to €97,841
- Trade debts +€67,387
up €67,387 (+236%), from €28,584 to €95,971
- Gross operating margin +€191,360
up €191,360 (+13.1%), from €1.5m to €1.6m
- Taxes -€74,382
down €74,382 (-29.7%), from €250,289 to €175,907
- Depreciation +€28,342
up €28,342 (+15.7%), from €181,000 to €209,342
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 | €2,454,503 | €3,076,520 | +€622,017 | +25.3% |
| Fixed assets | 21/28 | €1,735,481 | €1,478,786 | -€256,695 | -14.8% |
| Tangible fixed assets | 22/27 | €1,735,481 | €1,478,786 | -€256,695 | -14.8% |
| Land and buildings | 22 | €1,500,803 | €1,298,389 | -€202,414 | -13.5% |
| Plant, machinery and equipment | 23 | €212,039 | €169,787 | -€42,252 | -19.9% |
| Furniture and vehicles | 24 | €22,639 | €10,610 | -€12,029 | -53.1% |
| Current assets | 29/58 | €719,022 | €1,597,734 | +€878,712 | +122% |
| Stocks and contracts in progress | 3 | €6,569 | €6,569 | = | 0.0% |
| Stocks | 30/36 | €6,569 | €6,569 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €273,832 | €443,224 | +€169,391 | +61.9% |
| Trade receivables | 40 | €273,832 | €343,224 | +€69,391 | +25.3% |
| Other amounts receivable | 41 | - | €100,000 | +€100,000 | |
| Current investments | 50/53 | €1,546 | €1,553 | +€7 | +0.4% |
| Cash at bank and in hand | 54/58 | €437,074 | €1,146,388 | +€709,314 | +162% |
| Total equity and liabilities | 10/49 | €2,454,503 | €3,076,520 | +€622,017 | +25.3% |
| Equity | 10/15 | €1,957,349 | €2,163,273 | +€205,924 | +10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,400,192 | €1,592,091 | +€191,899 | +13.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,992 | €290,891 | +€281,899 | +3,135% |
| Distributable reserves | 133 | €1,385,000 | €1,295,000 | -€90,000 | -6.5% |
| Profit (loss) carried forward | 14 | €495,157 | €509,182 | +€14,024 | +2.8% |
| Provisions and deferred taxes | 16 | €4,630 | €98,415 | +€93,785 | +2,026% |
| Deferred taxes | 168 | €4,630 | €98,415 | +€93,785 | +2,026% |
| Amounts payable | 17/49 | €492,524 | €814,832 | +€322,308 | +65.4% |
| Amounts payable after more than one year | 17 | €181,383 | €97,841 | -€83,542 | -46.1% |
| Financial debts | 170/4 | €181,383 | €97,841 | -€83,542 | -46.1% |
| Amounts payable within one year | 42/48 | €311,141 | €716,992 | +€405,850 | +130% |
| Current portion of amounts payable after more than one year | 42 | €118,325 | €83,542 | -€34,783 | -29.4% |
| Trade debts | 44 | €28,584 | €95,971 | +€67,387 | +236% |
| Suppliers | 440/4 | €28,584 | €95,971 | +€67,387 | +236% |
| Taxes, remuneration and social security | 45 | €66,592 | €103,908 | +€37,316 | +56.0% |
| Taxes | 450/3 | €24,136 | €59,025 | +€34,889 | +145% |
| Remuneration and social security | 454/9 | €42,456 | €44,883 | +€2,427 | +5.7% |
| Other amounts payable | 47/48 | €97,640 | €433,571 | +€335,931 | +344% |
| Non-recurring operating income | 76A | €10,000 | €377,198 | +€367,198 | +3,672% |
| Remuneration, social security and pensions | 62 | €480,161 | €483,309 | +€3,148 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,000 | €209,342 | +€28,342 | +15.7% |
| Other operating charges | 640/8 | €14,831 | €15,272 | +€441 | +3.0% |
| Gross operating margin | 9900 | €1,457,698 | €1,649,059 | +€191,360 | +13.1% |
| Operating profit (loss) | 9901 | €781,707 | €941,135 | +€159,429 | +20.4% |
| Financial income | 75/76B | €4,025 | €3,026 | -€999 | -24.8% |
| Recurring financial income | 75 | €4,025 | €3,026 | -€999 | -24.8% |
| Financial charges | 65/66B | €11,428 | €8,546 | -€2,882 | -25.2% |
| Recurring financial charges | 65 | €11,428 | €8,546 | -€2,882 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €774,304 | €935,616 | +€161,311 | +20.8% |
| Transfer from deferred taxes | 780 | €514 | €514 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €94,299 | +€94,299 | |
| Income taxes | 67/77 | €250,289 | €175,907 | -€74,382 | -29.7% |
| Profit (loss) for the period | 9904 | €524,529 | €665,924 | +€141,394 | +27.0% |
| Transfer from tax-exempt reserves | 789 | €999 | €999 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €282,898 | +€282,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €525,528 | €384,024 | -€141,504 | -26.9% |
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 16 October 2026 via checked.be.