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
- Stocks and contracts -€60,955
no longer reported in 2025 (was €60,955)
- Cash +€44,443
up €44,443 (+51.5%), from €86,323 to €130,766
mainly Stocks and contracts (+€60,955) and Net result for the year (+€39,473)
- Tangible fixed assets -€14,409
down €14,409 (-23.1%), from €62,397 to €47,988
- Receivables within one year -€12,655
down €12,655 (-66.7%), from €18,980 to €6,325
of which Other amounts receivable: -€15,741
- Tax, wage and social debts -€61,707
no longer reported in 2025 (was €61,707)
- Reserves +€39,473
up €39,473 (+34.1%), from €115,803 to €155,276
- Trade debts -€27,689
down €27,689 (-92.1%), from €30,069 to €2,380
- Advances received +€6,050
new in 2025: €6,050
- Gross operating margin -€27,020
down €27,020 (-18.6%), from €145,414 to €118,394
- Depreciation -€7,287
down €7,287 (-33.6%), from €21,696 to €14,409
- Staff costs -€6,988
down €6,988 (-11.1%), from €63,112 to €56,124
- Taxes +€5,673
up €5,673, from -€1,175 to €4,498
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 | €228,655 | €185,080 | -€43,575 | -19.1% |
| Fixed assets | 21/28 | €62,397 | €47,988 | -€14,409 | -23.1% |
| Tangible fixed assets | 22/27 | €62,397 | €47,988 | -€14,409 | -23.1% |
| Land and buildings | 22 | €34,781 | €28,040 | -€6,741 | -19.4% |
| Plant, machinery and equipment | 23 | €8,210 | €4,979 | -€3,231 | -39.4% |
| Furniture and vehicles | 24 | €19,406 | €14,969 | -€4,437 | -22.9% |
| Current assets | 29/58 | €166,258 | €137,091 | -€29,166 | -17.5% |
| Stocks and contracts in progress | 3 | €60,955 | - | -€60,955 | |
| Stocks | 30/36 | €60,955 | - | -€60,955 | |
| Amounts receivable within one year | 40/41 | €18,980 | €6,325 | -€12,655 | -66.7% |
| Trade receivables | 40 | €1,914 | €5,000 | +€3,086 | +161% |
| Other amounts receivable | 41 | €17,066 | €1,325 | -€15,741 | -92.2% |
| Cash at bank and in hand | 54/58 | €86,323 | €130,766 | +€44,443 | +51.5% |
| Total equity and liabilities | 10/49 | €228,655 | €185,080 | -€43,575 | -19.1% |
| Equity | 10/15 | €136,255 | €175,727 | +€39,473 | +29.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €115,803 | €155,276 | +€39,473 | +34.1% |
| Distributable reserves | 133 | €115,803 | €155,276 | +€39,473 | +34.1% |
| Amounts payable | 17/49 | €92,400 | €9,353 | -€83,048 | -89.9% |
| Amounts payable within one year | 42/48 | €92,400 | €9,353 | -€83,048 | -89.9% |
| Trade debts | 44 | €30,069 | €2,380 | -€27,689 | -92.1% |
| Suppliers | 440/4 | €30,069 | €2,380 | -€27,689 | -92.1% |
| Advances received on contracts in progress | 46 | - | €6,050 | +€6,050 | |
| Taxes, remuneration and social security | 45 | €61,707 | - | -€61,707 | |
| Remuneration and social security | 454/9 | €61,707 | - | -€61,707 | |
| Other amounts payable | 47/48 | €624 | €923 | +€298 | +47.8% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €63,112 | €56,124 | -€6,988 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,696 | €14,409 | -€7,287 | -33.6% |
| Other operating charges | 640/8 | €1,614 | €1,838 | +€225 | +13.9% |
| Non-recurring operating charges | 66A | €50,000 | - | -€50,000 | |
| Gross operating margin | 9900 | €145,414 | €118,394 | -€27,020 | -18.6% |
| Operating profit (loss) | 9901 | €8,992 | €46,023 | +€37,031 | +412% |
| Financial income | 75/76B | €49 | €34 | -€16 | -32.0% |
| Recurring financial income | 75 | €49 | €34 | -€16 | -32.0% |
| Financial charges | 65/66B | €3,126 | €2,085 | -€1,040 | -33.3% |
| Recurring financial charges | 65 | €3,126 | €2,085 | -€1,040 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €5,915 | €43,971 | +€38,056 | +643% |
| Income taxes | 67/77 | -€1,175 | €4,498 | +€5,673 | |
| Profit (loss) for the period | 9904 | €7,090 | €39,473 | +€32,383 | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €7,090 | €39,473 | +€32,383 | +457% |
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.