't HEIKEN: 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.
't HEIKEN
Largest movements
- Tangible fixed assets -€11,221
down €11,221 (-40.3%), from €27,852 to €16,630
of which Plant, machinery and equipment: -€9,334
- Receivables within one year -€1,168
down €1,168 (-29.7%), from €3,928 to €2,760
- Deferred charges and accrued income +€1,119
up €1,119 (+653%), from €171 to €1,290
- Cash +€998
up €998 (+4.8%), from €20,889 to €21,887
mainly Depreciation (+€12,109) and Net result for the year (+€5,937)
- Debts after one year -€12,932
no longer reported in 2025 (was €12,932)
- Profit (loss) carried forward +€5,937
up €5,937 (+10.2%), from -€58,452 to -€52,515
- Other debts -€4,962
down €4,962 (-7.7%), from €64,231 to €59,269
- Trade debts +€1,336
up €1,336 (+24.4%), from €5,478 to €6,814
- Gross operating margin +€3,653
up €3,653 (+18.7%), from €19,487 to €23,140
- Staff costs +€1,110
up €1,110 (+42.0%), from €2,647 to €3,757
- Other operating charges -€416
down €416 (-44.0%), from €945 to €529
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 | €58,995 | €48,530 | -€10,464 | -17.7% |
| Fixed assets | 21/28 | €30,267 | €19,045 | -€11,221 | -37.1% |
| Tangible fixed assets | 22/27 | €27,852 | €16,630 | -€11,221 | -40.3% |
| Land and buildings | 22 | €4,970 | €4,525 | -€445 | -9.0% |
| Plant, machinery and equipment | 23 | €19,997 | €10,663 | -€9,334 | -46.7% |
| Furniture and vehicles | 24 | €2,885 | €1,442 | -€1,442 | -50.0% |
| Financial fixed assets | 28 | €2,415 | €2,415 | = | 0.0% |
| Current assets | 29/58 | €28,728 | €29,485 | +€757 | +2.6% |
| Stocks and contracts in progress | 3 | €3,739 | €3,547 | -€192 | -5.1% |
| Stocks | 30/36 | €3,739 | €3,547 | -€192 | -5.1% |
| Amounts receivable within one year | 40/41 | €3,928 | €2,760 | -€1,168 | -29.7% |
| Trade receivables | 40 | €3,928 | €2,760 | -€1,168 | -29.7% |
| Cash at bank and in hand | 54/58 | €20,889 | €21,887 | +€998 | +4.8% |
| Deferred charges and accrued income | 490/1 | €171 | €1,290 | +€1,119 | +653% |
| Total equity and liabilities | 10/49 | €58,995 | €48,530 | -€10,464 | -17.7% |
| Equity | 10/15 | -€38,001 | -€32,064 | +€5,937 | +15.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,452 | -€52,515 | +€5,937 | +10.2% |
| Amounts payable | 17/49 | €96,995 | €80,594 | -€16,402 | -16.9% |
| Amounts payable after more than one year | 17 | €12,932 | - | -€12,932 | |
| Financial debts | 170/4 | €12,932 | - | -€12,932 | |
| Amounts payable within one year | 42/48 | €84,064 | €80,594 | -€3,470 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €12,715 | €12,932 | +€216 | +1.7% |
| Trade debts | 44 | €5,478 | €6,814 | +€1,336 | +24.4% |
| Suppliers | 440/4 | €5,478 | €6,814 | +€1,336 | +24.4% |
| Taxes, remuneration and social security | 45 | €1,639 | €1,579 | -€60 | -3.7% |
| Taxes | 450/3 | €1,084 | €1,249 | +€165 | +15.2% |
| Remuneration and social security | 454/9 | €555 | €330 | -€225 | -40.5% |
| Other amounts payable | 47/48 | €64,231 | €59,269 | -€4,962 | -7.7% |
| Remuneration, social security and pensions | 62 | €2,647 | €3,757 | +€1,110 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,886 | €12,109 | +€223 | +1.9% |
| Other operating charges | 640/8 | €945 | €529 | -€416 | -44.0% |
| Gross operating margin | 9900 | €19,487 | €23,140 | +€3,653 | +18.7% |
| Operating profit (loss) | 9901 | €4,009 | €6,745 | +€2,736 | +68.2% |
| Financial charges | 65/66B | €955 | €808 | -€147 | -15.4% |
| Recurring financial charges | 65 | €955 | €808 | -€147 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €3,054 | €5,937 | +€2,883 | +94.4% |
| Profit (loss) for the period | 9904 | €3,054 | €5,937 | +€2,883 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,054 | €5,937 | +€2,883 | +94.4% |
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 18 October 2026 via checked.be.