HEYNEN MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€56,464
down €56,464 (-73.8%), from €76,559 to €20,095
of which Trade receivables: -€59,574
- Tangible fixed assets +€13,337
up €13,337 (+2.6%), from €506,702 to €520,038
of which Plant, machinery and equipment: +€22,402
- Trade debts -€49,695
down €49,695 (-73.9%), from €67,234 to €17,539
- Profit (loss) carried forward +€29,915
up €29,915, from -€16,100 to €13,815
- Debts after one year -€16,861
down €16,861 (-3.8%), from €438,467 to €421,606
- Other debts -€10,958
down €10,958 (-6.5%), from €168,439 to €157,481
- Gross operating margin +€37,347
up €37,347 (+74.0%), from €50,486 to €87,833
- Depreciation +€10,218
up €10,218 (+51.7%), from €19,777 to €29,995
- Taxes +€4,757
new in 2025: €4,757
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.
Cash bridge derived
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 | €693,372 | €651,417 | -€41,956 | -6.1% |
| Fixed assets | 21/28 | €507,202 | €520,538 | +€13,337 | +2.6% |
| Tangible fixed assets | 22/27 | €506,702 | €520,038 | +€13,337 | +2.6% |
| Land and buildings | 22 | €321,912 | €314,021 | -€7,891 | -2.5% |
| Plant, machinery and equipment | 23 | €181,192 | €203,594 | +€22,402 | +12.4% |
| Furniture and vehicles | 24 | €3,076 | €2,424 | -€652 | -21.2% |
| Assets under construction and advance payments | 27 | €522 | €0 | -€522 | -100.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €186,170 | €130,878 | -€55,292 | -29.7% |
| Amounts receivable after more than one year | 29 | €99,500 | €99,500 | = | 0.0% |
| Other amounts receivable | 291 | €99,500 | €99,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,559 | €20,095 | -€56,464 | -73.8% |
| Trade receivables | 40 | €69,549 | €9,975 | -€59,574 | -85.7% |
| Other amounts receivable | 41 | €7,011 | €10,120 | +€3,109 | +44.3% |
| Cash at bank and in hand | 54/58 | €5,220 | €10,757 | +€5,537 | +106.1% |
| Deferred charges and accrued income | 490/1 | €4,891 | €526 | -€4,365 | -89.2% |
| Total equity and liabilities | 10/49 | €693,372 | €651,417 | -€41,956 | -6.1% |
| Equity | 10/15 | -€6,100 | €23,815 | +€29,915 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,100 | €13,815 | +€29,915 | |
| Amounts payable | 17/49 | €699,472 | €627,602 | -€71,870 | -10.3% |
| Amounts payable after more than one year | 17 | €438,467 | €421,606 | -€16,861 | -3.8% |
| Financial debts | 170/4 | €438,467 | €421,606 | -€16,861 | -3.8% |
| Amounts payable within one year | 42/48 | €259,295 | €204,346 | -€54,949 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €17,431 | €18,232 | +€801 | +4.6% |
| Trade debts | 44 | €67,234 | €17,539 | -€49,695 | -73.9% |
| Suppliers | 440/4 | €67,234 | €17,539 | -€49,695 | -73.9% |
| Taxes, remuneration and social security | 45 | €6,191 | €11,094 | +€4,903 | +79.2% |
| Taxes | 450/3 | €6,191 | €11,094 | +€4,903 | +79.2% |
| Other amounts payable | 47/48 | €168,439 | €157,481 | -€10,958 | -6.5% |
| Accrued charges and deferred income | 492/3 | €1,710 | €1,649 | -€60 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,777 | €29,995 | +€10,218 | +51.7% |
| Other operating charges | 640/8 | €2,813 | €2,947 | +€133 | +4.7% |
| Gross operating margin | 9900 | €50,486 | €87,833 | +€37,347 | +74.0% |
| Operating profit (loss) | 9901 | €27,896 | €54,892 | +€26,995 | +96.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €20,049 | €20,220 | +€171 | +0.9% |
| Recurring financial charges | 65 | €20,049 | €20,220 | +€171 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €7,847 | €34,672 | +€26,824 | +341.8% |
| Income taxes | 67/77 | - | €4,757 | +€4,757 | |
| Profit (loss) for the period | 9904 | €7,847 | €29,915 | +€22,067 | +281.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,847 | €29,915 | +€22,067 | +281.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.