D. HENNEBERT: what changed
Two fiscal 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.
D. HENNEBERT
Largest movements
- Receivables within one year +€141,681
up €141,681 (+198.6%), from €71,327 to €213,009
of which Trade receivables: +€123,549
- Tangible fixed assets +€25,444
up €25,444 (+781.7%), from €3,255 to €28,699
of which Other tangible fixed assets: +€25,199
- Stocks and contracts -€17,180
down €17,180 (-11.0%), from €156,412 to €139,232
- Trade debts +€117,533
up €117,533 (+97.3%), from €120,757 to €238,290
- Other debts +€41,732
up €41,732 (+298.1%), from €14,000 to €55,732
- Short-term financial debts +€16,726
up €16,726 (+135.1%), from €12,379 to €29,105
- Tax, wage and social debts -€15,707
down €15,707 (-31.7%), from €49,545 to €33,838
- Reserves -€13,776
down €13,776 (-21.6%), from €63,774 to €49,998
of which Distributable reserves: -€13,776
- Gross operating margin +€30,095
up €30,095 (+85.4%), from €35,246 to €65,342
- Financial charges +€5,332
up €5,332 (+156.5%), from €3,406 to €8,738
of which Financial charges: +€4,749
- Taxes +€4,535
up €4,535 (+38.0%), from €11,926 to €16,460
- Financial income +€1,189
up €1,189 (+58.0%), from €2,050 to €3,239
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.
Cash bridge derived
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 | €279,055 | €425,563 | +€146,508 | +52.5% |
| Fixed assets | 21/28 | €3,255 | €28,699 | +€25,444 | +781.7% |
| Tangible fixed assets | 22/27 | €3,255 | €28,699 | +€25,444 | +781.7% |
| Furniture and vehicles | 24 | €1,876 | €2,121 | +€245 | +13.1% |
| Other tangible fixed assets | 26 | €1,379 | €26,578 | +€25,199 | +1826.8% |
| Current assets | 29/58 | €275,800 | €396,864 | +€121,064 | +43.9% |
| Stocks and contracts in progress | 3 | €156,412 | €139,232 | -€17,180 | -11.0% |
| Stocks | 30/36 | €156,412 | €139,232 | -€17,180 | -11.0% |
| Amounts receivable within one year | 40/41 | €71,327 | €213,009 | +€141,681 | +198.6% |
| Trade receivables | 40 | €28,407 | €151,956 | +€123,549 | +434.9% |
| Other amounts receivable | 41 | €42,921 | €61,053 | +€18,132 | +42.2% |
| Cash at bank and in hand | 54/58 | €47,346 | €43,227 | -€4,119 | -8.7% |
| Deferred charges and accrued income | 490/1 | €715 | €1,397 | +€682 | +95.3% |
| Total equity and liabilities | 10/49 | €279,055 | €425,563 | +€146,508 | +52.5% |
| Equity | 10/15 | €82,374 | €68,598 | -€13,776 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,774 | €49,998 | -€13,776 | -21.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,914 | €48,138 | -€13,776 | -22.3% |
| Amounts payable | 17/49 | €196,681 | €356,965 | +€160,284 | +81.5% |
| Amounts payable within one year | 42/48 | €196,681 | €356,965 | +€160,284 | +81.5% |
| Financial debts | 43 | €12,379 | €29,105 | +€16,726 | +135.1% |
| Credit institutions | 430/8 | €12,379 | €29,105 | +€16,726 | +135.1% |
| Trade debts | 44 | €120,757 | €238,290 | +€117,533 | +97.3% |
| Suppliers | 440/4 | €120,757 | €238,290 | +€117,533 | +97.3% |
| Taxes, remuneration and social security | 45 | €49,545 | €33,838 | -€15,707 | -31.7% |
| Taxes | 450/3 | €49,545 | €33,838 | -€15,707 | -31.7% |
| Other amounts payable | 47/48 | €14,000 | €55,732 | +€41,732 | +298.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €630 | +€133 | +26.7% |
| Other operating charges | 640/8 | €1,046 | €797 | -€249 | -23.8% |
| Gross operating margin | 9900 | €35,246 | €65,342 | +€30,095 | +85.4% |
| Operating profit (loss) | 9901 | €33,704 | €63,914 | +€30,211 | +89.6% |
| Financial income | 75/76B | €2,050 | €3,239 | +€1,189 | +58.0% |
| Recurring financial income | 75 | €2,050 | €3,239 | +€1,189 | +58.0% |
| Financial charges | 65/66B | €3,406 | €8,738 | +€5,332 | +156.5% |
| Recurring financial charges | 65 | €1,797 | €6,546 | +€4,749 | +264.3% |
| Non-recurring financial charges | 66B | €1,609 | €2,192 | +€583 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €32,348 | €58,416 | +€26,068 | +80.6% |
| Income taxes | 67/77 | €11,926 | €16,460 | +€4,535 | +38.0% |
| Profit (loss) for the period | 9904 | €20,422 | €41,956 | +€21,534 | +105.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,422 | €41,956 | +€21,534 | +105.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.