Tuinen Heyvaert: 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.
Tuinen Heyvaert
Largest movements
- Tangible fixed assets +€49,966
up €49,966 (+25.6%), from €194,810 to €244,775
of which Furniture and vehicles: +€40,720
- Receivables within one year +€46,849
up €46,849 (+43.4%), from €108,056 to €154,905
of which Trade receivables: +€48,074
- Other debts +€47,549
up €47,549 (+456%), from €10,435 to €57,985
- Debts after one year +€29,402
up €29,402 (+108%), from €27,258 to €56,660
- Reserves +€13,990
up €13,990 (+10.4%), from €134,033 to €148,023
- Tax, wage and social debts +€7,924
up €7,924 (+51.7%), from €15,318 to €23,242
of which Taxes: +€12,679
- Gross operating margin +€42,759
up €42,759 (+20.9%), from €204,537 to €247,296
- Staff costs +€10,373
up €10,373 (+6.7%), from €155,584 to €165,958
- Depreciation +€6,213
up €6,213 (+12.5%), from €49,504 to €55,717
- Taxes +€5,339
up €5,339, from €0 to €5,339
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 | €309,209 | €408,091 | +€98,883 | +32.0% |
| Fixed assets | 21/28 | €195,080 | €245,045 | +€49,966 | +25.6% |
| Tangible fixed assets | 22/27 | €194,810 | €244,775 | +€49,966 | +25.6% |
| Land and buildings | 22 | €40,589 | €32,471 | -€8,118 | -20.0% |
| Plant, machinery and equipment | 23 | €93,522 | €110,885 | +€17,363 | +18.6% |
| Furniture and vehicles | 24 | €60,699 | €101,419 | +€40,720 | +67.1% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €114,129 | €163,046 | +€48,917 | +42.9% |
| Amounts receivable within one year | 40/41 | €108,056 | €154,905 | +€46,849 | +43.4% |
| Trade receivables | 40 | €99,331 | €147,405 | +€48,074 | +48.4% |
| Other amounts receivable | 41 | €8,725 | €7,500 | -€1,225 | -14.0% |
| Cash at bank and in hand | 54/58 | €6,073 | €8,141 | +€2,068 | +34.1% |
| Total equity and liabilities | 10/49 | €309,209 | €408,091 | +€98,883 | +32.0% |
| Equity | 10/15 | €217,227 | €231,217 | +€13,990 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,033 | €148,023 | +€13,990 | +10.4% |
| Distributable reserves | 133 | €134,033 | €148,023 | +€13,990 | +10.4% |
| Profit (loss) carried forward | 14 | €64,594 | €64,594 | = | 0.0% |
| Amounts payable | 17/49 | €91,982 | €176,874 | +€84,892 | +92.3% |
| Amounts payable after more than one year | 17 | €27,258 | €56,660 | +€29,402 | +108% |
| Financial debts | 170/4 | €27,258 | €56,660 | +€29,402 | +108% |
| Amounts payable within one year | 42/48 | €63,826 | €120,215 | +€56,389 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | €31,895 | €30,706 | -€1,189 | -3.7% |
| Trade debts | 44 | €6,177 | €8,281 | +€2,104 | +34.1% |
| Suppliers | 440/4 | €6,177 | €8,281 | +€2,104 | +34.1% |
| Taxes, remuneration and social security | 45 | €15,318 | €23,242 | +€7,924 | +51.7% |
| Taxes | 450/3 | €0 | €12,679 | +€12,679 | |
| Remuneration and social security | 454/9 | €15,318 | €10,564 | -€4,755 | -31.0% |
| Other amounts payable | 47/48 | €10,435 | €57,985 | +€47,549 | +456% |
| Accrued charges and deferred income | 492/3 | €898 | €0 | -€898 | -100% |
| Remuneration, social security and pensions | 62 | €155,584 | €165,958 | +€10,373 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,504 | €55,717 | +€6,213 | +12.5% |
| Other operating charges | 640/8 | €3,168 | €3,334 | +€166 | +5.3% |
| Gross operating margin | 9900 | €204,537 | €247,296 | +€42,759 | +20.9% |
| Operating profit (loss) | 9901 | -€3,719 | €22,288 | +€26,007 | |
| Financial charges | 65/66B | €3,536 | €2,959 | -€577 | -16.3% |
| Recurring financial charges | 65 | €3,536 | €2,959 | -€577 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,255 | €19,329 | +€26,584 | |
| Income taxes | 67/77 | €0 | €5,339 | +€5,339 | |
| Profit (loss) for the period | 9904 | -€7,255 | €13,990 | +€21,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,255 | €13,990 | +€21,245 |
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 29 October 2026 via checked.be.