Heynsquared: 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.
Heynsquared
Largest movements
- Receivables within one year +€11,029
up €11,029 (+110%), from €9,999 to €21,028
of which Other amounts receivable: +€14,003
- Tangible fixed assets -€10,500
down €10,500 (-69.2%), from €15,183 to €4,683
of which Furniture and vehicles: -€7,487
- Cash +€9,949
up €9,949 (+849%), from €1,172 to €11,121
- Stocks and contracts +€2,029
up €2,029 (+16.7%), from €12,174 to €14,204
- Debts after one year +€22,500
up €22,500 (+50.0%), from €45,000 to €67,500
- Profit (loss) carried forward -€7,009
down €7,009 (-11.5%), from -€60,934 to -€67,943
- Trade debts -€3,229
down €3,229 (-62.8%), from €5,138 to €1,909
- Tax, wage and social debts +€1,245
up €1,245 (+21.5%), from €5,781 to €7,026
- Other debts -€827
down €827 (-16.3%), from €5,065 to €4,238
- Gross operating margin +€75,310
up €75,310, from -€50,705 to €24,605
- Depreciation -€842
down €842 (-15.8%), from €5,327 to €4,485
- Financial income +€701
up €701 (+7,012,400%), from €0 to €701
From the 2022 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,682 | €56,363 | +€12,681 | +29.0% |
| Fixed assets | 21/28 | €20,148 | €9,558 | -€10,590 | -52.6% |
| Tangible fixed assets | 22/27 | €15,183 | €4,683 | -€10,500 | -69.2% |
| Land and buildings | 22 | €242 | €0 | -€242 | -100% |
| Plant, machinery and equipment | 23 | €3,868 | €1,097 | -€2,771 | -71.6% |
| Furniture and vehicles | 24 | €11,073 | €3,586 | -€7,487 | -67.6% |
| Financial fixed assets | 28 | €4,965 | €4,875 | -€90 | -1.8% |
| Current assets | 29/58 | €23,534 | €46,805 | +€23,271 | +98.9% |
| Stocks and contracts in progress | 3 | €12,174 | €14,204 | +€2,029 | +16.7% |
| Stocks | 30/36 | €12,174 | €14,204 | +€2,029 | +16.7% |
| Amounts receivable within one year | 40/41 | €9,999 | €21,028 | +€11,029 | +110% |
| Trade receivables | 40 | €8,199 | €5,224 | -€2,975 | -36.3% |
| Other amounts receivable | 41 | €1,800 | €15,804 | +€14,003 | +778% |
| Cash at bank and in hand | 54/58 | €1,172 | €11,121 | +€9,949 | +849% |
| Deferred charges and accrued income | 490/1 | €188 | €452 | +€264 | +140% |
| Total equity and liabilities | 10/49 | €43,682 | €56,363 | +€12,681 | +29.0% |
| Equity | 10/15 | -€17,302 | -€24,311 | -€7,009 | -40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,432 | €37,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,471 | €1,471 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,471 | €1,471 | = | 0.0% |
| Distributable reserves | 133 | €35,961 | €35,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,934 | -€67,943 | -€7,009 | -11.5% |
| Amounts payable | 17/49 | €60,984 | €80,673 | +€19,689 | +32.3% |
| Amounts payable after more than one year | 17 | €45,000 | €67,500 | +€22,500 | +50.0% |
| Financial debts | 170/4 | €45,000 | €67,500 | +€22,500 | +50.0% |
| Amounts payable within one year | 42/48 | €15,984 | €13,173 | -€2,811 | -17.6% |
| Trade debts | 44 | €5,138 | €1,909 | -€3,229 | -62.8% |
| Suppliers | 440/4 | €5,138 | €1,909 | -€3,229 | -62.8% |
| Taxes, remuneration and social security | 45 | €5,781 | €7,026 | +€1,245 | +21.5% |
| Taxes | 450/3 | €5,781 | €7,026 | +€1,245 | +21.5% |
| Other amounts payable | 47/48 | €5,065 | €4,238 | -€827 | -16.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €468 | €118 | -€349 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,327 | €4,485 | -€842 | -15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €657 | €1,060 | +€403 | +61.3% |
| Gross operating margin | 9900 | -€50,705 | €24,605 | +€75,310 | |
| Operating profit (loss) | 9901 | -€57,156 | €18,942 | +€76,098 | |
| Financial income | 75/76B | €0 | €701 | +€701 | +7,012,400% |
| Recurring financial income | 75 | €0 | €701 | +€701 | +7,012,400% |
| Financial charges | 65/66B | €3,469 | €3,404 | -€66 | -1.9% |
| Recurring financial charges | 65 | €3,469 | €3,404 | -€66 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€60,625 | €16,240 | +€76,865 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€60,625 | €16,240 | +€76,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,625 | €16,240 | +€76,865 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.