KINE HEYMAN: what changed
KINE HEYMAN
Largest movements
- Receivables within one year -€63,411
down €63,411 (-88.8%), from €71,403 to €7,992
of which Other amounts receivable: -€65,888
- Tangible fixed assets -€7,927
down €7,927 (-93.5%), from €8,480 to €554
of which Furniture and vehicles: -€7,034
- Cash -€3,322
down €3,322 (-17.3%), from €19,184 to €15,862
mainly Contributions, distributions and other (-€72,004) and Current portion of long-term debt (-€4,909)
- Reserves -€66,952
down €66,952 (-53.3%), from €125,537 to €58,586
- Current portion of long-term debt -€4,909
down €4,909 (-75.0%), from €6,542 to €1,633
- Tax, wage and social debts -€2,186
no longer reported in 2025 (was €2,186)
- Debts after one year -€1,636
no longer reported in 2025 (was €1,636)
- Gross operating margin -€19,789
down €19,789 (-58.1%), from €34,059 to €14,270
- Taxes -€5,203
down €5,203 (-67.7%), from €7,687 to €2,484
- Financial income +€1,952
new in 2025: €1,952
- Depreciation +€1,583
up €1,583 (+22.6%), from €7,011 to €8,594
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,533 | €74,408 | -€75,125 | -50.2% |
| Fixed assets | 21/28 | €8,480 | €554 | -€7,927 | -93.5% |
| Tangible fixed assets | 22/27 | €8,480 | €554 | -€7,927 | -93.5% |
| Plant, machinery and equipment | 23 | €893 | - | -€893 | |
| Furniture and vehicles | 24 | €7,588 | €554 | -€7,034 | -92.7% |
| Current assets | 29/58 | €141,052 | €73,854 | -€67,198 | -47.6% |
| Amounts receivable within one year | 40/41 | €71,403 | €7,992 | -€63,411 | -88.8% |
| Trade receivables | 40 | - | €2,477 | +€2,477 | |
| Other amounts receivable | 41 | €71,403 | €5,516 | -€65,888 | -92.3% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,184 | €15,862 | -€3,322 | -17.3% |
| Deferred charges and accrued income | 490/1 | €465 | - | -€465 | |
| Total equity and liabilities | 10/49 | €149,533 | €74,408 | -€75,125 | -50.2% |
| Equity | 10/15 | €137,937 | €70,986 | -€66,952 | -48.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125,537 | €58,586 | -€66,952 | -53.3% |
| Distributable reserves | 133 | €125,537 | €58,586 | -€66,952 | -53.3% |
| Amounts payable | 17/49 | €11,595 | €3,422 | -€8,173 | -70.5% |
| Amounts payable after more than one year | 17 | €1,636 | - | -€1,636 | |
| Financial debts | 170/4 | €1,636 | - | -€1,636 | |
| Amounts payable within one year | 42/48 | €9,960 | €3,422 | -€6,538 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €6,542 | €1,633 | -€4,909 | -75.0% |
| Trade debts | 44 | €1,232 | €770 | -€462 | -37.5% |
| Suppliers | 440/4 | €1,232 | €770 | -€462 | -37.5% |
| Taxes, remuneration and social security | 45 | €2,186 | - | -€2,186 | |
| Taxes | 450/3 | €2,186 | - | -€2,186 | |
| Other amounts payable | 47/48 | - | €1,019 | +€1,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,011 | €8,594 | +€1,583 | +22.6% |
| Other operating charges | 640/8 | €513 | €191 | -€322 | -62.7% |
| Gross operating margin | 9900 | €34,059 | €14,270 | -€19,789 | -58.1% |
| Operating profit (loss) | 9901 | €26,535 | €5,485 | -€21,050 | -79.3% |
| Financial income | 75/76B | - | €1,952 | +€1,952 | |
| Recurring financial income | 75 | - | €1,952 | +€1,952 | |
| Financial charges | 65/66B | €188 | -€99 | -€288 | |
| Recurring financial charges | 65 | €188 | -€99 | -€288 | |
| Profit (loss) for the period before taxes | 9903 | €26,347 | €7,536 | -€18,811 | -71.4% |
| Income taxes | 67/77 | €7,687 | €2,484 | -€5,203 | -67.7% |
| Profit (loss) for the period | 9904 | €18,659 | €5,052 | -€13,607 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,659 | €5,052 | -€13,607 | -72.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.