DANIEL HENRY: 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.
DANIEL HENRY
Largest movements
- Receivables within one year +€21,314
up €21,314 (+128.3%), from €16,608 to €37,922
of which Trade receivables: +€17,317
- Tangible fixed assets -€1,394
down €1,394 (-27.5%), from €5,063 to €3,669
of which Other tangible fixed assets: -€713
- Other debts +€6,654
up €6,654 (+9.1%), from €72,786 to €79,440
- Profit (loss) carried forward +€4,716
up €4,716 (+7.6%), from -€62,265 to -€57,548
- Tax, wage and social debts +€3,450
up €3,450 (+173.2%), from €1,992 to €5,442
of which Taxes: +€2,169
- Short-term financial debts +€2,661
up €2,661 (+3994.0%), from €67 to €2,728
- Trade debts +€2,439
up €2,439 (+59.6%), from €4,091 to €6,530
- Gross operating margin +€33,031
up €33,031 (+829.7%), from €3,981 to €37,013
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,671 | €41,591 | +€19,920 | +91.9% |
| Fixed assets | 21/28 | €5,063 | €3,669 | -€1,394 | -27.5% |
| Tangible fixed assets | 22/27 | €5,063 | €3,669 | -€1,394 | -27.5% |
| Furniture and vehicles | 24 | €1,961 | €1,280 | -€681 | -34.7% |
| Other tangible fixed assets | 26 | €3,102 | €2,390 | -€713 | -23.0% |
| Current assets | 29/58 | €16,608 | €37,922 | +€21,314 | +128.3% |
| Amounts receivable within one year | 40/41 | €16,608 | €37,922 | +€21,314 | +128.3% |
| Trade receivables | 40 | €14,350 | €31,667 | +€17,317 | +120.7% |
| Other amounts receivable | 41 | €2,258 | €6,255 | +€3,997 | +177.0% |
| Total equity and liabilities | 10/49 | €21,671 | €41,591 | +€19,920 | +91.9% |
| Equity | 10/15 | -€57,265 | -€52,548 | +€4,716 | +8.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,265 | -€57,548 | +€4,716 | +7.6% |
| Amounts payable | 17/49 | €78,936 | €94,140 | +€15,204 | +19.3% |
| Amounts payable within one year | 42/48 | €78,936 | €94,140 | +€15,204 | +19.3% |
| Financial debts | 43 | €67 | €2,728 | +€2,661 | +3994.0% |
| Credit institutions | 430/8 | €67 | €2,728 | +€2,661 | +3994.0% |
| Trade debts | 44 | €4,091 | €6,530 | +€2,439 | +59.6% |
| Suppliers | 440/4 | €4,091 | €6,530 | +€2,439 | +59.6% |
| Taxes, remuneration and social security | 45 | €1,992 | €5,442 | +€3,450 | +173.2% |
| Taxes | 450/3 | €155 | €2,324 | +€2,169 | +1395.0% |
| Remuneration and social security | 454/9 | €1,837 | €3,118 | +€1,281 | +69.7% |
| Other amounts payable | 47/48 | €72,786 | €79,440 | +€6,654 | +9.1% |
| Non-recurring operating income | 76A | €1,257 | - | -€1,257 | |
| Remuneration, social security and pensions | 62 | €27,784 | €27,722 | -€61 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,322 | €1,394 | +€71 | +5.4% |
| Other operating charges | 640/8 | €3,187 | €2,875 | -€312 | -9.8% |
| Gross operating margin | 9900 | €3,981 | €37,013 | +€33,031 | +829.7% |
| Operating profit (loss) | 9901 | -€28,312 | €5,022 | +€33,333 | |
| Financial charges | 65/66B | €313 | €136 | -€176 | -56.3% |
| Recurring financial charges | 65 | €313 | €136 | -€176 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,624 | €4,885 | +€33,509 | |
| Income taxes | 67/77 | €155 | €169 | +€14 | +8.7% |
| Profit (loss) for the period | 9904 | -€28,780 | €4,716 | +€33,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,780 | €4,716 | +€33,496 |
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 10 October 2026 via checked.be.