DE HENEGOUW: 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 HENEGOUW
Largest movements
- Receivables within one year +€9,164
up €9,164 (+91.9%), from €9,971 to €19,135
of which Trade receivables: +€10,807
- Cash -€6,167
down €6,167 (-12.6%), from €48,878 to €42,712
mainly Receivables within one year (-€9,164) and Investment in fixed assets (net) (-€400)
- Tangible fixed assets -€1,755
down €1,755 (-28.0%), from €6,263 to €4,507
of which Furniture and vehicles: -€1,586
- Trade debts +€1,098
up €1,098 (+112%), from €980 to €2,078
- Turnover +€22,181
new in 2025: €22,181
- Purchases and services +€19,208
new in 2025: €19,208
- Gross operating margin +€2,297
up €2,297 (+100%), from €2,288 to €4,585
- Other operating charges -€704
down €704 (-36.7%), from €1,920 to €1,216
- Taxes +€654
up €654 (+205%), from €319 to €973
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 | €65,594 | €66,678 | +€1,084 | +1.7% |
| Fixed assets | 21/28 | €6,263 | €4,507 | -€1,755 | -28.0% |
| Tangible fixed assets | 22/27 | €6,263 | €4,507 | -€1,755 | -28.0% |
| Plant, machinery and equipment | 23 | €656 | €688 | +€32 | +4.9% |
| Furniture and vehicles | 24 | €5,003 | €3,418 | -€1,586 | -31.7% |
| Other tangible fixed assets | 26 | €603 | €402 | -€201 | -33.4% |
| Current assets | 29/58 | €59,332 | €62,171 | +€2,839 | +4.8% |
| Amounts receivable within one year | 40/41 | €9,971 | €19,135 | +€9,164 | +91.9% |
| Trade receivables | 40 | €7,301 | €18,108 | +€10,807 | +148% |
| Other amounts receivable | 41 | €2,670 | €1,027 | -€1,643 | -61.5% |
| Cash at bank and in hand | 54/58 | €48,878 | €42,712 | -€6,167 | -12.6% |
| Deferred charges and accrued income | 490/1 | €483 | €324 | -€158 | -32.8% |
| Total equity and liabilities | 10/49 | €65,594 | €66,678 | +€1,084 | +1.7% |
| Equity | 10/15 | €62,949 | €62,941 | -€7 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,450 | €45,450 | = | 0.0% |
| Distributable reserves | 133 | €45,450 | €45,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,101 | -€1,109 | -€7 | -0.6% |
| Amounts payable | 17/49 | €2,646 | €3,737 | +€1,091 | +41.2% |
| Amounts payable within one year | 42/48 | €2,080 | €3,168 | +€1,088 | +52.3% |
| Trade debts | 44 | €980 | €2,078 | +€1,098 | +112% |
| Suppliers | 440/4 | €980 | €2,078 | +€1,098 | +112% |
| Taxes, remuneration and social security | 45 | - | €310 | +€310 | |
| Taxes | 450/3 | - | €310 | +€310 | |
| Other amounts payable | 47/48 | €1,100 | €779 | -€320 | -29.1% |
| Accrued charges and deferred income | 492/3 | €566 | €569 | +€3 | +0.6% |
| Turnover | 70 | - | €22,181 | +€22,181 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €19,208 | +€19,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,665 | €2,155 | +€490 | +29.4% |
| Other operating charges | 640/8 | €1,920 | €1,216 | -€704 | -36.7% |
| Gross operating margin | 9900 | €2,288 | €4,585 | +€2,297 | +100% |
| Operating profit (loss) | 9901 | -€1,298 | €1,213 | +€2,511 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -62.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -62.1% |
| Financial charges | 65/66B | €334 | €247 | -€87 | -26.0% |
| Recurring financial charges | 65 | €334 | €247 | -€87 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,632 | €966 | +€2,598 | |
| Income taxes | 67/77 | €319 | €973 | +€654 | +205% |
| Profit (loss) for the period | 9904 | -€1,951 | -€7 | +€1,944 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,951 | -€7 | +€1,944 | +99.6% |
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.