A. HENNAUT: 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.
A. HENNAUT
Largest movements
- Receivables within one year -€1,220
no longer reported in 2025 (was €1,220)
- Cash +€661
up €661 (+1.2%), from €54,390 to €55,051
mainly Receivables within one year (+€1,220)
- Profit (loss) carried forward -€2,189
down €2,189, from €1,632 to -€557
- Reserves +€1,632
up €1,632 (+7.1%), from €22,989 to €24,621
of which Non-distributable reserves: +€2,170
- Gross operating margin -€4,340
no longer reported in 2025 (was €4,340)
- Other operating charges -€2,156
down €2,156 (-80.8%), from €2,669 to €513
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 | €55,610 | €55,051 | -€559 | -1.0% |
| Current assets | 29/58 | €55,610 | €55,051 | -€559 | -1.0% |
| Amounts receivable within one year | 40/41 | €1,220 | - | -€1,220 | |
| Trade receivables | 40 | €1,220 | - | -€1,220 | |
| Cash at bank and in hand | 54/58 | €54,390 | €55,051 | +€661 | +1.2% |
| Total equity and liabilities | 10/49 | €55,610 | €55,051 | -€559 | -1.0% |
| Equity | 10/15 | €55,608 | €55,051 | -€557 | -1.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €22,989 | €24,621 | +€1,632 | +7.1% |
| Non-distributable reserves | 130/1 | - | €2,170 | +€2,170 | |
| Legal reserve | 130 | - | €2,170 | +€2,170 | |
| Tax-exempt reserves | 132 | €3,021 | €3,021 | = | 0.0% |
| Distributable reserves | 133 | €19,968 | €19,430 | -€538 | -2.7% |
| Profit (loss) carried forward | 14 | €1,632 | -€557 | -€2,189 | |
| Amounts payable | 17/49 | €2 | - | -€2 | |
| Amounts payable within one year | 42/48 | €2 | - | -€2 | |
| Taxes, remuneration and social security | 45 | €2 | - | -€2 | |
| Taxes | 450/3 | €2 | - | -€2 | |
| Other operating charges | 640/8 | €2,669 | €513 | -€2,156 | -80.8% |
| Gross operating margin | 9900 | €4,340 | - | -€4,340 | |
| Operating profit (loss) | 9901 | €1,671 | -€513 | -€2,184 | |
| Financial charges | 65/66B | €39 | €44 | +€5 | +12.8% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €1,632 | -€557 | -€2,189 | |
| Profit (loss) for the period | 9904 | €1,632 | -€557 | -€2,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,632 | -€557 | -€2,189 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.