HEYNEN: what changed
Two fiscal 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.
HEYNEN
Largest movements
- Deferred charges and accrued income -€590,108
down €590,108 (-48.6%), from €1.2m to €625,197
- Receivables within one year +€542,931
up €542,931 (+28.9%), from €1.9m to €2.4m
of which Trade receivables: +€572,871
- Cash +€200,815
up €200,815 (+112.7%), from €178,122 to €378,937
mainly Deferred charges and accrued income (+€590,108) and Accrued charges and deferred income (+€506,870)
- Trade debts -€1.0m
down €1.0m (-46.3%), from €2.2m to €1.2m
- Accrued charges and deferred income +€506,870
up €506,870 (+5940.1%), from €8,533 to €515,403
- Other debts +€300,000
new in 2024: €300,000
- Tax, wage and social debts +€189,793
up €189,793 (+105.3%), from €180,262 to €370,055
of which Taxes: +€214,398
- Profit (loss) carried forward +€159,675
up €159,675, from -€37,487 to €122,188
- Turnover +€2.4m
up €2.4m (+53.8%), from €4.4m to €6.8m
- Purchases and services +€2.0m
up €2.0m (+54.9%), from €3.6m to €5.5m
- Gross operating margin +€422,911
up €422,911 (+46.9%), from €901,451 to €1.3m
- Taxes +€109,676
up €109,676 (+272.0%), from €40,324 to €150,000
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,375,391 | €3,521,734 | +€146,343 | +4.3% |
| Fixed assets | 21/28 | €65,114 | €68,566 | +€3,452 | +5.3% |
| Tangible fixed assets | 22/27 | €56,114 | €59,566 | +€3,452 | +6.2% |
| Plant, machinery and equipment | 23 | €2,179 | €21,109 | +€18,930 | +868.7% |
| Furniture and vehicles | 24 | €23,548 | €9,494 | -€14,054 | -59.7% |
| Other tangible fixed assets | 26 | €30,387 | €28,963 | -€1,424 | -4.7% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €3,310,277 | €3,453,168 | +€142,891 | +4.3% |
| Stocks and contracts in progress | 3 | €40,585 | €29,838 | -€10,747 | -26.5% |
| Stocks | 30/36 | €40,585 | €29,838 | -€10,747 | -26.5% |
| Amounts receivable within one year | 40/41 | €1,876,265 | €2,419,196 | +€542,931 | +28.9% |
| Trade receivables | 40 | €1,252,593 | €1,825,464 | +€572,871 | +45.7% |
| Other amounts receivable | 41 | €623,672 | €593,732 | -€29,940 | -4.8% |
| Cash at bank and in hand | 54/58 | €178,122 | €378,937 | +€200,815 | +112.7% |
| Deferred charges and accrued income | 490/1 | €1,215,305 | €625,197 | -€590,108 | -48.6% |
| Total equity and liabilities | 10/49 | €3,375,391 | €3,521,734 | +€146,343 | +4.3% |
| Equity | 10/15 | €1,010,813 | €1,170,488 | +€159,675 | +15.8% |
| Contributions | 10/11 | €953,000 | €953,000 | = | 0.0% |
| Capital | 10 | €953,000 | €953,000 | = | 0.0% |
| Issued capital | 100 | €953,000 | €953,000 | = | 0.0% |
| Reserves | 13 | €95,300 | €95,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95,300 | - | -€95,300 | |
| Legal reserve | 130 | €95,300 | - | -€95,300 | |
| Distributable reserves | 133 | - | €95,300 | +€95,300 | |
| Profit (loss) carried forward | 14 | -€37,487 | €122,188 | +€159,675 | |
| Amounts payable | 17/49 | €2,364,578 | €2,351,246 | -€13,332 | -0.6% |
| Amounts payable within one year | 42/48 | €2,356,045 | €1,835,843 | -€520,202 | -22.1% |
| Financial debts | 43 | €3,934 | - | -€3,934 | |
| Credit institutions | 430/8 | €3,934 | - | -€3,934 | |
| Trade debts | 44 | €2,171,849 | €1,165,788 | -€1.0m | -46.3% |
| Suppliers | 440/4 | €2,171,849 | €1,165,788 | -€1.0m | -46.3% |
| Taxes, remuneration and social security | 45 | €180,262 | €370,055 | +€189,793 | +105.3% |
| Taxes | 450/3 | €38,417 | €252,815 | +€214,398 | +558.1% |
| Remuneration and social security | 454/9 | €141,845 | €117,240 | -€24,605 | -17.3% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | €8,533 | €515,403 | +€506,870 | +5940.1% |
| Turnover | 70 | €4,416,654 | €6,791,847 | +€2.4m | +53.8% |
| Non-recurring operating income | 76A | €48,672 | €54,255 | +€5,583 | +11.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,563,876 | €5,521,741 | +€2.0m | +54.9% |
| Remuneration, social security and pensions | 62 | €770,583 | €714,774 | -€55,809 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,649 | €11,358 | -€20,291 | -64.1% |
| Other operating charges | 640/8 | €6,361 | €8,163 | +€1,802 | +28.3% |
| Non-recurring operating charges | 66A | - | €6,382 | +€6,382 | |
| Gross operating margin | 9900 | €901,451 | €1,324,362 | +€422,911 | +46.9% |
| Operating profit (loss) | 9901 | €92,858 | €583,685 | +€490,827 | +528.6% |
| Financial income | 75/76B | €37,900 | €81,818 | +€43,918 | +115.9% |
| Recurring financial income | 75 | €37,900 | €81,818 | +€43,918 | +115.9% |
| Financial charges | 65/66B | €26,402 | €55,828 | +€29,426 | +111.5% |
| Recurring financial charges | 65 | €26,402 | €55,828 | +€29,426 | +111.5% |
| Profit (loss) for the period before taxes | 9903 | €104,356 | €609,675 | +€505,319 | +484.2% |
| Income taxes | 67/77 | €40,324 | €150,000 | +€109,676 | +272.0% |
| Profit (loss) for the period | 9904 | €64,032 | €459,675 | +€395,643 | +617.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,032 | €459,675 | +€395,643 | +617.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.