HINNEKENS: 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.
HINNEKENS
Largest movements
- Receivables within one year -€166,397
down €166,397 (-55.9%), from €297,734 to €131,337
of which Other amounts receivable: -€199,067
- Cash +€128,040
up €128,040 (+220%), from €58,106 to €186,146
mainly Other debts (+€2.1m) and Receivables within one year (+€166,397)
- Tangible fixed assets -€38,872
down €38,872 (-10.8%), from €361,442 to €322,570
of which Land and buildings: -€21,291
- Debts after one year -€2.2m
no longer reported in 2024 (was €2.2m)
- Other debts +€2.1m
new in 2024: €2.1m
- Reserves +€64,158
up €64,158 (+28.6%), from €224,056 to €288,214
- Trade debts +€30,930
up €30,930 (+810%), from €3,816 to €34,746
- Tax, wage and social debts -€25,427
down €25,427 (-61.7%), from €41,220 to €15,793
- Gross operating margin -€33,411
down €33,411 (-21.1%), from €158,666 to €125,255
- Taxes -€13,077
down €13,077 (-40.5%), from €32,274 to €19,198
- Depreciation -€9,976
down €9,976 (-20.4%), from €48,848 to €38,872
From the 2023 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,541,339 | €2,464,207 | -€77,132 | -3.0% |
| Fixed assets | 21/28 | €2,181,442 | €2,142,570 | -€38,872 | -1.8% |
| Tangible fixed assets | 22/27 | €361,442 | €322,570 | -€38,872 | -10.8% |
| Land and buildings | 22 | €318,463 | €297,172 | -€21,291 | -6.7% |
| Plant, machinery and equipment | 23 | €26,175 | €17,680 | -€8,495 | -32.5% |
| Furniture and vehicles | 24 | €16,804 | €7,717 | -€9,087 | -54.1% |
| Financial fixed assets | 28 | €1,820,000 | €1,820,000 | = | 0.0% |
| Current assets | 29/58 | €359,897 | €321,637 | -€38,260 | -10.6% |
| Amounts receivable within one year | 40/41 | €297,734 | €131,337 | -€166,397 | -55.9% |
| Trade receivables | 40 | €16,335 | €49,005 | +€32,670 | +200% |
| Other amounts receivable | 41 | €281,399 | €82,332 | -€199,067 | -70.7% |
| Cash at bank and in hand | 54/58 | €58,106 | €186,146 | +€128,040 | +220% |
| Deferred charges and accrued income | 490/1 | €4,057 | €4,154 | +€97 | +2.4% |
| Total equity and liabilities | 10/49 | €2,541,339 | €2,464,207 | -€77,132 | -3.0% |
| Equity | 10/15 | €236,456 | €306,814 | +€70,358 | +29.8% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €224,056 | €288,214 | +€64,158 | +28.6% |
| Distributable reserves | 133 | €224,056 | €288,214 | +€64,158 | +28.6% |
| Amounts payable | 17/49 | €2,304,883 | €2,157,393 | -€147,490 | -6.4% |
| Amounts payable after more than one year | 17 | €2,247,333 | - | -€2.2m | |
| Financial debts | 170/4 | €2,247,333 | - | -€2.2m | |
| Amounts payable within one year | 42/48 | €57,432 | €2,157,275 | +€2.1m | +3,656% |
| Current portion of amounts payable after more than one year | 42 | €12,395 | €7,333 | -€5,062 | -40.8% |
| Trade debts | 44 | €3,816 | €34,746 | +€30,930 | +810% |
| Suppliers | 440/4 | €3,816 | €34,746 | +€30,930 | +810% |
| Taxes, remuneration and social security | 45 | €41,220 | €15,793 | -€25,427 | -61.7% |
| Taxes | 450/3 | €41,220 | €15,793 | -€25,427 | -61.7% |
| Other amounts payable | 47/48 | - | €2,099,404 | +€2.1m | |
| Accrued charges and deferred income | 492/3 | €118 | €118 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,848 | €38,872 | -€9,976 | -20.4% |
| Other operating charges | 640/8 | €5,174 | €5,007 | -€168 | -3.2% |
| Non-recurring operating charges | 66A | €840 | €106 | -€734 | -87.4% |
| Gross operating margin | 9900 | €158,666 | €125,255 | -€33,411 | -21.1% |
| Operating profit (loss) | 9901 | €103,803 | €81,270 | -€22,534 | -21.7% |
| Financial income | 75/76B | €2,303 | €2,332 | +€29 | +1.2% |
| Recurring financial income | 75 | €2,303 | €2,332 | +€29 | +1.2% |
| Financial charges | 65/66B | €818 | €247 | -€571 | -69.9% |
| Recurring financial charges | 65 | €818 | €247 | -€571 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €105,289 | €83,355 | -€21,934 | -20.8% |
| Income taxes | 67/77 | €32,274 | €19,198 | -€13,077 | -40.5% |
| Profit (loss) for the period | 9904 | €73,014 | €64,158 | -€8,857 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,014 | €64,158 | -€8,857 | -12.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.