HEYNS - STUER: 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.
HEYNS - STUER
Largest movements
- Current investments -€280,638
down €280,638 (-44.5%), from €630,638 to €350,000
- Receivables within one year +€76,817
up €76,817 (+1,205%), from €6,377 to €83,194
- Cash -€20,165
down €20,165 (-7.9%), from €253,952 to €233,788
mainly Contributions, distributions and other (-€236,272) and Receivables within one year (-€76,817)
- Tangible fixed assets -€18,223
down €18,223 (-4.3%), from €423,349 to €405,126
- Reserves -€236,272
down €236,272 (-22.8%), from €1.0m to €801,826
of which Distributable reserves: -€236,272
- Financial income -€14,485
down €14,485 (-59.0%), from €24,559 to €10,074
- Gross operating margin -€8,718
down €8,718 (-29.7%), from €29,370 to €20,652
- Financial charges -€5,650
down €5,650, from €3,706 to -€1,944
- Taxes -€887
down €887 (-75.5%), from €1,175 to €288
- Staff costs +€724
up €724 (+5.0%), from €14,608 to €15,331
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 | €1,314,387 | €1,072,494 | -€241,893 | -18.4% |
| Fixed assets | 21/28 | €423,349 | €405,126 | -€18,223 | -4.3% |
| Tangible fixed assets | 22/27 | €423,349 | €405,126 | -€18,223 | -4.3% |
| Land and buildings | 22 | €423,349 | €405,126 | -€18,223 | -4.3% |
| Current assets | 29/58 | €891,038 | €667,368 | -€223,670 | -25.1% |
| Amounts receivable within one year | 40/41 | €6,377 | €83,194 | +€76,817 | +1,205% |
| Other amounts receivable | 41 | €6,377 | €83,194 | +€76,817 | +1,205% |
| Current investments | 50/53 | €630,638 | €350,000 | -€280,638 | -44.5% |
| Cash at bank and in hand | 54/58 | €253,952 | €233,788 | -€20,165 | -7.9% |
| Deferred charges and accrued income | 490/1 | €72 | €387 | +€316 | +440% |
| Total equity and liabilities | 10/49 | €1,314,387 | €1,072,494 | -€241,893 | -18.4% |
| Equity | 10/15 | €1,310,781 | €1,068,740 | -€242,042 | -18.5% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Uncalled capital | 101 | €223,104 | €223,104 | = | 0.0% |
| Reserves | 13 | €1,038,099 | €801,826 | -€236,272 | -22.8% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €988,520 | €752,248 | -€236,272 | -23.9% |
| Profit (loss) carried forward | 14 | - | -€5,769 | -€5,769 | |
| Amounts payable | 17/49 | €3,605 | €3,754 | +€149 | +4.1% |
| Amounts payable within one year | 42/48 | €3,605 | €3,754 | +€149 | +4.1% |
| Trade debts | 44 | €1,744 | €946 | -€798 | -45.7% |
| Suppliers | 440/4 | €1,744 | €946 | -€798 | -45.7% |
| Taxes, remuneration and social security | 45 | €1,862 | €1,928 | +€67 | +3.6% |
| Remuneration and social security | 454/9 | €1,862 | €1,928 | +€67 | +3.6% |
| Other amounts payable | 47/48 | - | €880 | +€880 | |
| Remuneration, social security and pensions | 62 | €14,608 | €15,331 | +€724 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,223 | €18,223 | = | 0.0% |
| Other operating charges | 640/8 | €4,384 | €4,597 | +€213 | +4.9% |
| Gross operating margin | 9900 | €29,370 | €20,652 | -€8,718 | -29.7% |
| Operating profit (loss) | 9901 | -€7,844 | -€17,499 | -€9,655 | -123% |
| Financial income | 75/76B | €24,559 | €10,074 | -€14,485 | -59.0% |
| Recurring financial income | 75 | €24,559 | €10,074 | -€14,485 | -59.0% |
| Financial charges | 65/66B | €3,706 | -€1,944 | -€5,650 | |
| Recurring financial charges | 65 | €3,706 | -€1,944 | -€5,650 | |
| Profit (loss) for the period before taxes | 9903 | €13,008 | -€5,481 | -€18,490 | |
| Income taxes | 67/77 | €1,175 | €288 | -€887 | -75.5% |
| Profit (loss) for the period | 9904 | €11,833 | -€5,769 | -€17,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,833 | -€5,769 | -€17,602 |
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 19 October 2026 via checked.be.