HEYNDRICKX HERMAN: 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.
HEYNDRICKX HERMAN
Largest movements
- Tangible fixed assets -€18,705
down €18,705 (-26.8%), from €69,877 to €51,172
- Receivables within one year -€10,629
down €10,629 (-69.5%), from €15,304 to €4,675
of which Trade receivables: -€10,882
- Stocks and contracts +€2,000
up €2,000 (+13.3%), from €15,000 to €17,000
of which Contracts in progress: +€2,000
- Cash +€1,374
up €1,374 (+277%), from €497 to €1,871
mainly Other debts (+€39,823) and Depreciation (+€18,705)
- Profit (loss) carried forward -€47,943
down €47,943 (-61.7%), from -€77,714 to -€125,657
- Other debts +€39,823
up €39,823 (+88.1%), from €45,198 to €85,021
- Trade debts -€9,493
down €9,493 (-60.8%), from €15,614 to €6,121
- Short-term financial debts -€5,803
down €5,803 (-39.1%), from €14,844 to €9,041
- Debts after one year -€2,566
down €2,566 (-4.2%), from €60,891 to €58,324
- Gross operating margin -€19,295
down €19,295 (-979%), from -€1,970 to -€21,266
- Financial charges +€418
up €418 (+7.6%), from €5,519 to €5,937
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 | €103,523 | €76,862 | -€26,661 | -25.8% |
| Fixed assets | 21/28 | €69,877 | €51,172 | -€18,705 | -26.8% |
| Tangible fixed assets | 22/27 | €69,877 | €51,172 | -€18,705 | -26.8% |
| Land and buildings | 22 | €52,318 | €43,612 | -€8,706 | -16.6% |
| Plant, machinery and equipment | 23 | €2,761 | €1,465 | -€1,296 | -46.9% |
| Furniture and vehicles | 24 | €14,798 | €6,095 | -€8,703 | -58.8% |
| Current assets | 29/58 | €33,646 | €25,689 | -€7,957 | -23.6% |
| Stocks and contracts in progress | 3 | €15,000 | €17,000 | +€2,000 | +13.3% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Contracts in progress | 37 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €15,304 | €4,675 | -€10,629 | -69.5% |
| Trade receivables | 40 | €13,244 | €2,362 | -€10,882 | -82.2% |
| Other amounts receivable | 41 | €2,060 | €2,313 | +€253 | +12.3% |
| Cash at bank and in hand | 54/58 | €497 | €1,871 | +€1,374 | +277% |
| Deferred charges and accrued income | 490/1 | €2,846 | €2,144 | -€702 | -24.7% |
| Total equity and liabilities | 10/49 | €103,523 | €76,862 | -€26,661 | -25.8% |
| Equity | 10/15 | -€47,314 | -€95,257 | -€47,943 | -101% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,714 | -€125,657 | -€47,943 | -61.7% |
| Amounts payable | 17/49 | €150,837 | €172,118 | +€21,282 | +14.1% |
| Amounts payable after more than one year | 17 | €60,891 | €58,324 | -€2,566 | -4.2% |
| Financial debts | 170/4 | €60,891 | €58,324 | -€2,566 | -4.2% |
| Amounts payable within one year | 42/48 | €89,946 | €113,794 | +€23,848 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €14,107 | €13,445 | -€662 | -4.7% |
| Financial debts | 43 | €14,844 | €9,041 | -€5,803 | -39.1% |
| Credit institutions | 430/8 | €14,844 | €9,041 | -€5,803 | -39.1% |
| Trade debts | 44 | €15,614 | €6,121 | -€9,493 | -60.8% |
| Suppliers | 440/4 | €15,614 | €6,121 | -€9,493 | -60.8% |
| Taxes, remuneration and social security | 45 | €183 | €167 | -€17 | -9.1% |
| Taxes | 450/3 | €183 | €167 | -€17 | -9.1% |
| Other amounts payable | 47/48 | €45,198 | €85,021 | +€39,823 | +88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,705 | €18,705 | = | 0.0% |
| Other operating charges | 640/8 | €1,873 | €2,073 | +€200 | +10.7% |
| Gross operating margin | 9900 | -€1,970 | -€21,266 | -€19,295 | -979% |
| Operating profit (loss) | 9901 | -€22,548 | -€42,044 | -€19,496 | -86.5% |
| Financial income | 75/76B | €5 | €205 | +€200 | +3,983% |
| Recurring financial income | 75 | €5 | €205 | +€200 | +3,983% |
| Financial charges | 65/66B | €5,519 | €5,937 | +€418 | +7.6% |
| Recurring financial charges | 65 | €5,519 | €5,937 | +€418 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,062 | -€47,776 | -€19,714 | -70.2% |
| Income taxes | 67/77 | €184 | €167 | -€17 | -9.2% |
| Profit (loss) for the period | 9904 | -€28,246 | -€47,943 | -€19,697 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,246 | -€47,943 | -€19,697 | -69.7% |
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 30 October 2026 via checked.be.