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.
What changed
HEYLEN
NACE 46.839, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.4m+€210,194
Equity
€4.9m
2024 · €6.2m-€1.3m
Cash
€1.3m
2024 · €2.8m-€1.5m
Balance sheet total
€7.7m
2024 · €8.2m-€495,247
Largest movements
Assets
- Cash -€1.5m
down €1.5m (-54.7%), from €2.8m to €1.3m
mainly Contributions, distributions and other (-€2.9m) and Current investments (-€1.4m)
- Current investments +€1.4m
up €1.4m (+77.1%), from €1.8m to €3.1m
- Stocks and contracts -€390,379
down €390,379 (-39.0%), from €1.0m to €611,773
Equity and liabilities
- Reserves -€1.3m
down €1.3m (-20.7%), from €6.1m to €4.9m
of which Distributable reserves: -€1.3m
- Other debts +€1.1m
up €1.1m (+315%), from €351,500 to €1.5m
- Trade debts -€324,938
down €324,938 (-56.8%), from €572,568 to €247,630
Income statement
- Turnover +€747,118
up €747,118 (+5.8%), from €13.0m to €13.7m
- Goods and materials +€482,521
up €482,521 (+5.5%), from €8.8m to €9.3m
of which Purchases: +€496,120
- Provisions -€140,000
down €140,000, from €70,000 to -€70,000
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.
Result 2024
€1.4m
Turnover
+€747,118
Other operating income
+€46,205
Goods and materials
-€482,521
Services and other goods
-€63,483
Staff costs
-€94,407
Depreciation
-€5,916
Write-downs
+€106,860
Provisions
+€140,000
Other operating charges
-€98,393
Other operating items
+€535
Financial income
+€16,538
Financial charges
-€18,776
Taxes
-€83,564
Result 2025
€1.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€1.6m
Financing
-€2.8m
Cash 2024
€2.8m
From operations (derived)
+€2.9m
Net result for the year
+€1.6m
Depreciation
+€136,003
Stocks and contracts
+€390,379
Receivables within one year
+€13,905
Smaller working-capital items
+€1,642
Provisions
-€70,000
Trade debts
-€324,938
Tax, wage and social debts
+€25,528
Other debts
+€1.1m
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€237,068
Current investments
-€1.4m
Financing
-€2.8m
Debts after one year
-€1,496
Current portion of long-term debt
+€32,283
Contributions, distributions and other
-€2.9m
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,224,675 | €7,729,428 | -€495,247 | -6.0% |
| Fixed assets | 21/28 | €684,117 | €785,181 | +€101,064 | +14.8% |
| Intangible fixed assets | 21 | - | €45,463 | +€45,463 | |
| Tangible fixed assets | 22/27 | €684,117 | €739,719 | +€55,602 | +8.1% |
| Land and buildings | 22 | €520,116 | €455,833 | -€64,284 | -12.4% |
| Plant, machinery and equipment | 23 | €77,144 | €81,743 | +€4,600 | +6.0% |
| Furniture and vehicles | 24 | €86,857 | €202,143 | +€115,285 | +133% |
| Current assets | 29/58 | €7,540,557 | €6,944,246 | -€596,311 | -7.9% |
| Stocks and contracts in progress | 3 | €1,002,152 | €611,773 | -€390,379 | -39.0% |
| Stocks | 30/36 | €1,002,152 | €611,773 | -€390,379 | -39.0% |
| Goods purchased for resale | 34 | €1,002,152 | €611,773 | -€390,379 | -39.0% |
| Amounts receivable within one year | 40/41 | €1,954,746 | €1,940,841 | -€13,905 | -0.7% |
| Trade receivables | 40 | €1,809,663 | €1,667,668 | -€141,995 | -7.8% |
| Other amounts receivable | 41 | €145,083 | €273,173 | +€128,089 | +88.3% |
| Current investments | 50/53 | €1,750,000 | €3,100,000 | +€1.4m | +77.1% |
| Other investments | 51/53 | €1,750,000 | €3,100,000 | +€1.4m | +77.1% |
| Cash at bank and in hand | 54/58 | €2,823,576 | €1,279,097 | -€1.5m | -54.7% |
| Deferred charges and accrued income | 490/1 | €10,084 | €12,536 | +€2,452 | +24.3% |
| Total equity and liabilities | 10/49 | €8,224,675 | €7,729,428 | -€495,247 | -6.0% |
| Equity | 10/15 | €6,192,594 | €4,923,377 | -€1.3m | -20.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,130,594 | €4,861,377 | -€1.3m | -20.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,124,394 | €4,855,177 | -€1.3m | -20.7% |
| Provisions and deferred taxes | 16 | €70,000 | €0 | -€70,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €0 | -€70,000 | -100% |
| Other liabilities and charges | 164/5 | €70,000 | €0 | -€70,000 | -100% |
| Amounts payable | 17/49 | €1,962,080 | €2,806,051 | +€843,970 | +43.0% |
| Amounts payable after more than one year | 17 | €576,172 | €574,676 | -€1,496 | -0.3% |
| Financial debts | 170/4 | €514,490 | €495,982 | -€18,508 | -3.6% |
| Credit institutions | 173 | €514,490 | €495,982 | -€18,508 | -3.6% |
| Other amounts payable | 178/9 | €61,682 | €78,693 | +€17,011 | +27.6% |
| Amounts payable within one year | 42/48 | €1,380,437 | €2,221,810 | +€841,373 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €77,773 | €110,056 | +€32,283 | +41.5% |
| Trade debts | 44 | €572,568 | €247,630 | -€324,938 | -56.8% |
| Suppliers | 440/4 | €572,568 | €247,630 | -€324,938 | -56.8% |
| Taxes, remuneration and social security | 45 | €378,597 | €404,125 | +€25,528 | +6.7% |
| Taxes | 450/3 | €280,113 | €307,527 | +€27,414 | +9.8% |
| Remuneration and social security | 454/9 | €98,484 | €96,598 | -€1,886 | -1.9% |
| Other amounts payable | 47/48 | €351,500 | €1,460,000 | +€1.1m | +315% |
| Accrued charges and deferred income | 492/3 | €5,471 | €9,565 | +€4,094 | +74.8% |
| Operating income | 70/76A | €13,074,424 | €13,867,746 | +€793,322 | +6.1% |
| Turnover | 70 | €12,975,441 | €13,722,559 | +€747,118 | +5.8% |
| Other operating income | 74 | €98,982 | €145,187 | +€46,205 | +46.7% |
| Operating charges | 60/66A | €11,271,344 | €11,768,669 | +€497,325 | +4.4% |
| Goods for resale, raw materials and consumables | 60 | €8,811,690 | €9,294,211 | +€482,521 | +5.5% |
| Purchases | 600/8 | €8,392,950 | €8,889,070 | +€496,120 | +5.9% |
| Change in stocks: decrease (increase) | 609 | €418,741 | €405,142 | -€13,599 | -3.2% |
| Services and other goods | 61 | €1,274,751 | €1,338,235 | +€63,483 | +5.0% |
| Remuneration, social security and pensions | 62 | €868,602 | €963,008 | +€94,407 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,087 | €136,003 | +€5,916 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89,756 | -€17,104 | -€106,860 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €70,000 | -€70,000 | -€140,000 | |
| Other operating charges | 640/8 | €25,923 | €124,315 | +€98,393 | +380% |
| Non-recurring operating charges | 66A | €535 | €0 | -€535 | -100% |
| Operating profit (loss) | 9901 | €1,803,079 | €2,099,076 | +€295,997 | +16.4% |
| Financial income | 75/76B | €137,302 | €153,839 | +€16,538 | +12.0% |
| Recurring financial income | 75 | €137,302 | €153,839 | +€16,538 | +12.0% |
| Income from current assets | 751 | €52,788 | €50,357 | -€2,431 | -4.6% |
| Other financial income | 752/9 | €84,514 | €103,482 | +€18,968 | +22.4% |
| Financial charges | 65/66B | €73,943 | €92,719 | +€18,776 | +25.4% |
| Recurring financial charges | 65 | €73,943 | €92,719 | +€18,776 | +25.4% |
| Debt charges | 650 | €19,214 | €18,411 | -€803 | -4.2% |
| Other financial charges | 652/9 | €54,729 | €74,308 | +€19,579 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €1,866,438 | €2,160,197 | +€293,758 | +15.7% |
| Income taxes | 67/77 | €472,301 | €555,865 | +€83,564 | +17.7% |
| Taxes | 670/3 | €472,301 | €555,865 | +€83,564 | +17.7% |
| Profit (loss) for the period | 9904 | €1,394,138 | €1,604,332 | +€210,194 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,394,138 | €1,604,332 | +€210,194 | +15.1% |
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 19 October 2026 via checked.be.