DE CRAEMER - HENNEMAN: 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.
DE CRAEMER - HENNEMAN
Largest movements
- Cash +€29,792
up €29,792 (+33.6%), from €88,686 to €118,478
mainly Net result for the year (+€32,441) and Depreciation (+€6,981)
- Tangible fixed assets -€6,981
down €6,981 (-62.3%), from €11,207 to €4,227
- Receivables within one year -€6,961
down €6,961 (-31.2%), from €22,324 to €15,363
of which Trade receivables: -€5,282
- Reserves +€29,177
up €29,177 (+1,569%), from €1,859 to €31,036
- Tax, wage and social debts -€5,195
down €5,195 (-22.5%), from €23,106 to €17,910
- Current portion of long-term debt -€4,541
no longer reported in 2025 (was €4,541)
- Other debts -€2,839
no longer reported in 2025 (was €2,839)
- Trade debts -€2,453
down €2,453 (-40.5%), from €6,063 to €3,610
- Gross operating margin +€6,910
up €6,910 (+14.3%), from €48,367 to €55,277
- Taxes +€4,066
up €4,066 (+37.0%), from €10,998 to €15,064
- Financial charges -€570
down €570 (-79.1%), from €722 to €151
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 | €124,961 | €140,656 | +€15,695 | +12.6% |
| Fixed assets | 21/28 | €11,271 | €4,290 | -€6,981 | -61.9% |
| Tangible fixed assets | 22/27 | €11,207 | €4,227 | -€6,981 | -62.3% |
| Furniture and vehicles | 24 | €11,207 | €4,227 | -€6,981 | -62.3% |
| Financial fixed assets | 28 | €64 | €64 | = | 0.0% |
| Current assets | 29/58 | €113,690 | €136,366 | +€22,676 | +19.9% |
| Stocks and contracts in progress | 3 | €2,680 | €2,525 | -€155 | -5.8% |
| Stocks | 30/36 | €2,680 | €2,525 | -€155 | -5.8% |
| Amounts receivable within one year | 40/41 | €22,324 | €15,363 | -€6,961 | -31.2% |
| Trade receivables | 40 | €14,810 | €9,529 | -€5,282 | -35.7% |
| Other amounts receivable | 41 | €7,513 | €5,834 | -€1,679 | -22.3% |
| Cash at bank and in hand | 54/58 | €88,686 | €118,478 | +€29,792 | +33.6% |
| Total equity and liabilities | 10/49 | €124,961 | €140,656 | +€15,695 | +12.6% |
| Equity | 10/15 | €88,313 | €119,036 | +€30,723 | +34.8% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €31,036 | +€29,177 | +1,569% |
| Distributable reserves | 133 | €1,859 | €31,036 | +€29,177 | +1,569% |
| Profit (loss) carried forward | 14 | -€1,547 | - | +€1,547 | |
| Amounts payable | 17/49 | €36,648 | €21,620 | -€15,028 | -41.0% |
| Amounts payable within one year | 42/48 | €36,648 | €21,620 | -€15,028 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €4,541 | - | -€4,541 | |
| Trade debts | 44 | €6,063 | €3,610 | -€2,453 | -40.5% |
| Suppliers | 440/4 | €6,063 | €3,610 | -€2,453 | -40.5% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,106 | €17,910 | -€5,195 | -22.5% |
| Taxes | 450/3 | €23,106 | €17,910 | -€5,195 | -22.5% |
| Other amounts payable | 47/48 | €2,839 | - | -€2,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,981 | €6,981 | = | 0.0% |
| Other operating charges | 640/8 | €893 | €845 | -€48 | -5.4% |
| Gross operating margin | 9900 | €48,367 | €55,277 | +€6,910 | +14.3% |
| Operating profit (loss) | 9901 | €40,493 | €47,451 | +€6,958 | +17.2% |
| Financial income | 75/76B | - | €206 | +€206 | |
| Recurring financial income | 75 | - | €206 | +€206 | |
| Financial charges | 65/66B | €722 | €151 | -€570 | -79.1% |
| Recurring financial charges | 65 | €722 | €151 | -€570 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €39,771 | €47,506 | +€7,734 | +19.4% |
| Income taxes | 67/77 | €10,998 | €15,064 | +€4,066 | +37.0% |
| Profit (loss) for the period | 9904 | €28,774 | €32,441 | +€3,668 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,774 | €32,441 | +€3,668 | +12.7% |
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 1 November 2026 via checked.be.