LEON HEYNICKX: 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.
LEON HEYNICKX
Largest movements
- Cash -€7,219
down €7,219 (-26.2%), from €27,543 to €20,324
mainly Other debts (-€15,626) and Receivables within one year (-€628)
- Deferred charges and accrued income -€3,324
down €3,324 (-55.4%), from €6,000 to €2,676
- Other debts -€15,626
down €15,626 (-13.7%), from €113,771 to €98,144
- Trade debts +€3,913
up €3,913 (+46.2%), from €8,475 to €12,388
- Gross operating margin +€3,753
up €3,753 (+71.7%), from €5,233 to €8,986
- Financial charges +€623
up €623 (+271%), from €230 to €853
- Other operating charges -€483
down €483 (-6.9%), from €7,031 to €6,548
- Financial income +€149
up €149 (+231%), from €65 to €213
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 | €256,695 | €246,779 | -€9,915 | -3.9% |
| Fixed assets | 21/28 | €220,385 | €220,385 | = | 0.0% |
| Tangible fixed assets | 22/27 | €220,385 | €220,385 | = | 0.0% |
| Land and buildings | 22 | €220,385 | €220,385 | = | 0.0% |
| Current assets | 29/58 | €36,310 | €26,394 | -€9,915 | -27.3% |
| Amounts receivable within one year | 40/41 | €2,767 | €3,395 | +€628 | +22.7% |
| Trade receivables | 40 | €2,262 | €3,042 | +€781 | +34.5% |
| Other amounts receivable | 41 | €505 | €352 | -€153 | -30.2% |
| Cash at bank and in hand | 54/58 | €27,543 | €20,324 | -€7,219 | -26.2% |
| Deferred charges and accrued income | 490/1 | €6,000 | €2,676 | -€3,324 | -55.4% |
| Total equity and liabilities | 10/49 | €256,695 | €246,779 | -€9,915 | -3.9% |
| Equity | 10/15 | €134,449 | €136,247 | +€1,798 | +1.3% |
| Contributions | 10/11 | €73,000 | €73,000 | = | 0.0% |
| Contributions outside capital | 11 | €73,000 | €73,000 | = | 0.0% |
| Share premium | 1100/10 | €73,000 | €73,000 | = | 0.0% |
| Reserves | 13 | €122,496 | €122,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,300 | €7,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,300 | €7,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,804 | €34,804 | = | 0.0% |
| Distributable reserves | 133 | €80,392 | €80,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,048 | -€59,250 | +€1,798 | +2.9% |
| Amounts payable | 17/49 | €122,246 | €110,533 | -€11,713 | -9.6% |
| Amounts payable within one year | 42/48 | €122,246 | €110,533 | -€11,713 | -9.6% |
| Trade debts | 44 | €8,475 | €12,388 | +€3,913 | +46.2% |
| Suppliers | 440/4 | €8,475 | €12,388 | +€3,913 | +46.2% |
| Other amounts payable | 47/48 | €113,771 | €98,144 | -€15,626 | -13.7% |
| Other operating charges | 640/8 | €7,031 | €6,548 | -€483 | -6.9% |
| Gross operating margin | 9900 | €5,233 | €8,986 | +€3,753 | +71.7% |
| Operating profit (loss) | 9901 | -€1,799 | €2,438 | +€4,236 | |
| Financial income | 75/76B | €65 | €213 | +€149 | +231% |
| Recurring financial income | 75 | €65 | €213 | +€149 | +231% |
| Financial charges | 65/66B | €230 | €853 | +€623 | +271% |
| Recurring financial charges | 65 | €230 | €853 | +€623 | +271% |
| Profit (loss) for the period before taxes | 9903 | -€1,964 | €1,798 | +€3,762 | |
| Profit (loss) for the period | 9904 | -€1,964 | €1,798 | +€3,762 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,964 | €1,798 | +€3,762 |
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 16 October 2026 via checked.be.