HEYNICKX: 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.
HEYNICKX
Largest movements
- Tangible fixed assets -€30,357
down €30,357 (-12.4%), from €245,414 to €215,057
of which Land and buildings: -€30,357
- Cash -€5,434
down €5,434 (-15.1%), from €36,061 to €30,628
mainly Other debts (-€62,989) and Receivables within one year (-€3,025)
- Other debts -€62,989
down €62,989 (-20.2%), from €311,737 to €248,748
- Profit (loss) carried forward +€30,102
up €30,102 (+16.7%), from -€180,599 to -€150,496
- Gross operating margin -€1,049
down €1,049 (-1.7%), from €60,084 to €59,035
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 | €531,641 | €498,875 | -€32,766 | -6.2% |
| Fixed assets | 21/28 | €245,414 | €215,057 | -€30,357 | -12.4% |
| Tangible fixed assets | 22/27 | €245,414 | €215,057 | -€30,357 | -12.4% |
| Land and buildings | 22 | €245,414 | €215,057 | -€30,357 | -12.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €286,227 | €283,818 | -€2,409 | -0.8% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €166 | €3,191 | +€3,025 | +1825.0% |
| Trade receivables | 40 | - | €3,025 | +€3,025 | |
| Other amounts receivable | 41 | €166 | €166 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,061 | €30,628 | -€5,434 | -15.1% |
| Total equity and liabilities | 10/49 | €531,641 | €498,875 | -€32,766 | -6.2% |
| Equity | 10/15 | €178,681 | €208,783 | +€30,102 | +16.8% |
| Contributions | 10/11 | €198,400 | €198,400 | = | 0.0% |
| Reserves | 13 | €160,879 | €160,879 | = | 0.0% |
| Distributable reserves | 133 | €160,879 | €160,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,599 | -€150,496 | +€30,102 | +16.7% |
| Amounts payable | 17/49 | €352,960 | €290,092 | -€62,868 | -17.8% |
| Amounts payable within one year | 42/48 | €352,960 | €290,092 | -€62,868 | -17.8% |
| Trade debts | 44 | €40,677 | €40,498 | -€179 | -0.4% |
| Suppliers | 440/4 | €40,677 | €40,498 | -€179 | -0.4% |
| Taxes, remuneration and social security | 45 | €546 | €846 | +€300 | +54.9% |
| Taxes | 450/3 | €546 | €846 | +€300 | +54.9% |
| Other amounts payable | 47/48 | €311,737 | €248,748 | -€62,989 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,357 | €30,357 | = | 0.0% |
| Other operating charges | 640/8 | €3,129 | €3,054 | -€74 | -2.4% |
| Gross operating margin | 9900 | €60,084 | €59,035 | -€1,049 | -1.7% |
| Operating profit (loss) | 9901 | €26,598 | €25,624 | -€974 | -3.7% |
| Financial income | 75/76B | €5,000 | €5,000 | = | 0.0% |
| Recurring financial income | 75 | €5,000 | €5,000 | = | 0.0% |
| Financial charges | 65/66B | €166 | €162 | -€4 | -2.2% |
| Recurring financial charges | 65 | €166 | €162 | -€4 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €31,432 | €30,462 | -€970 | -3.1% |
| Income taxes | 67/77 | €346 | €360 | +€14 | +4.0% |
| Profit (loss) for the period | 9904 | €31,086 | €30,102 | -€984 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,086 | €30,102 | -€984 | -3.2% |
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 8 October 2026 via checked.be.