Eddy Henskens: 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.
Eddy Henskens
Largest movements
- Receivables within one year -€21,997
down €21,997 (-67.0%), from €32,855 to €10,858
- Tangible fixed assets -€8,362
down €8,362 (-22.8%), from €36,668 to €28,306
of which Furniture and vehicles: -€6,224
- Cash +€3,574
up €3,574 (+16.5%), from €21,704 to €25,279
mainly Receivables within one year (+€21,997) and Depreciation (+€14,140)
- Profit (loss) carried forward -€9,762
down €9,762 (-88.0%), from -€11,091 to -€20,853
- Debts after one year -€9,353
down €9,353 (-55.1%), from €16,964 to €7,611
- Trade debts -€3,633
down €3,633 (-44.5%), from €8,174 to €4,540
- Tax, wage and social debts -€3,526
down €3,526 (-41.6%), from €8,486 to €4,959
- Other debts -€1,091
down €1,091 (-29.2%), from €3,735 to €2,644
- Gross operating margin -€24,528
down €24,528 (-78.9%), from €31,082 to €6,554
- Taxes -€3,864
down €3,864 (-96.4%), from €4,008 to €144
- Other operating charges +€596
up €596 (+64.4%), from €926 to €1,523
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 | €92,404 | €65,038 | -€27,366 | -29.6% |
| Fixed assets | 21/28 | €36,678 | €28,316 | -€8,362 | -22.8% |
| Tangible fixed assets | 22/27 | €36,668 | €28,306 | -€8,362 | -22.8% |
| Land and buildings | 22 | €2,565 | €1,924 | -€641 | -25.0% |
| Plant, machinery and equipment | 23 | €2,138 | €641 | -€1,497 | -70.0% |
| Furniture and vehicles | 24 | €31,966 | €25,742 | -€6,224 | -19.5% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €55,726 | €36,722 | -€19,004 | -34.1% |
| Amounts receivable within one year | 40/41 | €32,855 | €10,858 | -€21,997 | -67.0% |
| Trade receivables | 40 | €32,855 | €10,858 | -€21,997 | -67.0% |
| Cash at bank and in hand | 54/58 | €21,704 | €25,279 | +€3,574 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,166 | €585 | -€581 | -49.8% |
| Total equity and liabilities | 10/49 | €92,404 | €65,038 | -€27,366 | -29.6% |
| Equity | 10/15 | €45,693 | €35,931 | -€9,762 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,184 | €38,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €34,184 | €34,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,091 | -€20,853 | -€9,762 | -88.0% |
| Amounts payable | 17/49 | €46,711 | €29,108 | -€17,604 | -37.7% |
| Amounts payable after more than one year | 17 | €16,964 | €7,611 | -€9,353 | -55.1% |
| Financial debts | 170/4 | €16,964 | €7,611 | -€9,353 | -55.1% |
| Amounts payable within one year | 42/48 | €29,747 | €21,497 | -€8,250 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €9,353 | €9,353 | = | 0.0% |
| Trade debts | 44 | €8,174 | €4,540 | -€3,633 | -44.5% |
| Suppliers | 440/4 | €8,174 | €4,540 | -€3,633 | -44.5% |
| Taxes, remuneration and social security | 45 | €8,486 | €4,959 | -€3,526 | -41.6% |
| Taxes | 450/3 | €8,486 | €4,959 | -€3,526 | -41.6% |
| Other amounts payable | 47/48 | €3,735 | €2,644 | -€1,091 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,898 | €14,140 | +€242 | +1.7% |
| Other operating charges | 640/8 | €926 | €1,523 | +€596 | +64.4% |
| Gross operating margin | 9900 | €31,082 | €6,554 | -€24,528 | -78.9% |
| Operating profit (loss) | 9901 | €16,257 | -€9,109 | -€25,366 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €541 | €509 | -€32 | -5.9% |
| Recurring financial charges | 65 | €541 | €509 | -€32 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €15,716 | -€9,618 | -€25,334 | |
| Income taxes | 67/77 | €4,008 | €144 | -€3,864 | -96.4% |
| Profit (loss) for the period | 9904 | €11,708 | -€9,762 | -€21,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,708 | -€9,762 | -€21,470 |
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 16 October 2026 via checked.be.