HEYNRO: 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.
HEYNRO
Largest movements
- Tangible fixed assets +€21,489
up €21,489 (+446.8%), from €4,810 to €26,299
of which Furniture and vehicles: +€20,751
- Cash +€20,540
up €20,540 (+14.7%), from €139,457 to €159,996
mainly Net result for the year (+€54,304) and Debts after one year (+€19,421)
- Receivables within one year -€17,760
down €17,760 (-8.9%), from €199,635 to €181,875
of which Trade receivables: -€18,066
- Stocks and contracts -€4,361
no longer reported in 2025 (was €4,361)
- Profit (loss) carried forward +€54,304
up €54,304 (+45.1%), from -€120,312 to -€66,007
- Trade debts -€37,975
down €37,975 (-19.9%), from €190,753 to €152,778
- Debts after one year +€19,421
new in 2025: €19,421
- Tax, wage and social debts -€6,386
down €6,386 (-65.8%), from €9,710 to €3,324
of which Taxes: -€6,287
- Other debts -€6,164
down €6,164 (-38.1%), from €16,164 to €10,000
- Gross operating margin +€19,525
up €19,525 (+32.4%), from €60,303 to €79,828
- Depreciation -€2,110
down €2,110 (-48.9%), from €4,310 to €2,200
- Other operating charges +€896
up €896 (+4.1%), from €22,088 to €22,985
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 | €359,714 | €381,798 | +€22,084 | +6.1% |
| Fixed assets | 21/28 | €5,310 | €26,799 | +€21,489 | +404.7% |
| Tangible fixed assets | 22/27 | €4,810 | €26,299 | +€21,489 | +446.8% |
| Plant, machinery and equipment | 23 | €3,550 | €4,288 | +€738 | +20.8% |
| Furniture and vehicles | 24 | €1,259 | €22,011 | +€20,751 | +1647.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €354,405 | €354,999 | +€595 | +0.2% |
| Stocks and contracts in progress | 3 | €4,361 | - | -€4,361 | |
| Stocks | 30/36 | €4,361 | - | -€4,361 | |
| Amounts receivable within one year | 40/41 | €199,635 | €181,875 | -€17,760 | -8.9% |
| Trade receivables | 40 | €199,635 | €181,569 | -€18,066 | -9.0% |
| Other amounts receivable | 41 | - | €307 | +€307 | |
| Cash at bank and in hand | 54/58 | €139,457 | €159,996 | +€20,540 | +14.7% |
| Deferred charges and accrued income | 490/1 | €10,952 | €13,128 | +€2,176 | +19.9% |
| Total equity and liabilities | 10/49 | €359,714 | €381,798 | +€22,084 | +6.1% |
| Equity | 10/15 | €140,148 | €194,453 | +€54,304 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,860 | €241,860 | = | 0.0% |
| Distributable reserves | 133 | €241,860 | €241,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,312 | -€66,007 | +€54,304 | +45.1% |
| Amounts payable | 17/49 | €219,566 | €187,345 | -€32,221 | -14.7% |
| Amounts payable after more than one year | 17 | - | €19,421 | +€19,421 | |
| Financial debts | 170/4 | - | €19,421 | +€19,421 | |
| Amounts payable within one year | 42/48 | €216,627 | €166,102 | -€50,525 | -23.3% |
| Trade debts | 44 | €190,753 | €152,778 | -€37,975 | -19.9% |
| Suppliers | 440/4 | €190,753 | €152,778 | -€37,975 | -19.9% |
| Taxes, remuneration and social security | 45 | €9,710 | €3,324 | -€6,386 | -65.8% |
| Taxes | 450/3 | €9,579 | €3,292 | -€6,287 | -65.6% |
| Remuneration and social security | 454/9 | €131 | €32 | -€99 | -75.8% |
| Other amounts payable | 47/48 | €16,164 | €10,000 | -€6,164 | -38.1% |
| Accrued charges and deferred income | 492/3 | €2,939 | €1,822 | -€1,117 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €2,200 | -€2,110 | -48.9% |
| Other operating charges | 640/8 | €22,088 | €22,985 | +€896 | +4.1% |
| Non-recurring operating charges | 66A | €202 | - | -€202 | |
| Gross operating margin | 9900 | €60,303 | €79,828 | +€19,525 | +32.4% |
| Operating profit (loss) | 9901 | €33,702 | €54,643 | +€20,941 | +62.1% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €669 | €2 | -€667 | -99.7% |
| Recurring financial charges | 65 | €669 | €2 | -€667 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €33,054 | €54,641 | +€21,588 | +65.3% |
| Income taxes | 67/77 | €322 | €337 | +€14 | +4.5% |
| Profit (loss) for the period | 9904 | €32,731 | €54,304 | +€21,573 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,731 | €54,304 | +€21,573 | +65.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.