FREDERIC HENNES SPRL: 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.
FREDERIC HENNES SPRL
Largest movements
- Tangible fixed assets -€9,430
down €9,430 (-8.2%), from €114,714 to €105,284
of which Land and buildings: -€9,050
- Receivables within one year +€6,458
up €6,458 (+6.1%), from €105,648 to €112,106
of which Other amounts receivable: +€4,938
- Profit (loss) carried forward +€18,393
up €18,393 (+20.0%), from €92,049 to €110,442
- Trade debts -€10,588
down €10,588 (-90.1%), from €11,750 to €1,162
- Current portion of long-term debt -€7,408
no longer reported in 2025 (was €7,408)
- Reserves -€4,011
down €4,011 (-8.2%), from €48,932 to €44,921
of which Tax-exempt reserves: -€4,011
- Gross operating margin +€5,094
up €5,094 (+19.1%), from €26,707 to €31,801
- Other operating charges +€1,667
up €1,667 (+89.4%), from €1,864 to €3,531
- Taxes +€1,632
up €1,632 (+37.4%), from €4,368 to €6,000
- Financial charges -€929
down €929 (-63.9%), from €1,454 to €525
of which Financial charges: -€911
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 | €223,023 | €217,942 | -€5,081 | -2.3% |
| Fixed assets | 21/28 | €114,714 | €105,284 | -€9,430 | -8.2% |
| Tangible fixed assets | 22/27 | €114,714 | €105,284 | -€9,430 | -8.2% |
| Land and buildings | 22 | €114,084 | €105,034 | -€9,050 | -7.9% |
| Plant, machinery and equipment | 23 | €630 | €250 | -€380 | -60.3% |
| Current assets | 29/58 | €108,309 | €112,658 | +€4,349 | +4.0% |
| Amounts receivable within one year | 40/41 | €105,648 | €112,106 | +€6,458 | +6.1% |
| Trade receivables | 40 | €29,256 | €30,776 | +€1,520 | +5.2% |
| Other amounts receivable | 41 | €76,392 | €81,330 | +€4,938 | +6.5% |
| Cash at bank and in hand | 54/58 | €1,580 | €552 | -€1,028 | -65.1% |
| Deferred charges and accrued income | 490/1 | €1,081 | - | -€1,081 | |
| Total equity and liabilities | 10/49 | €223,023 | €217,942 | -€5,081 | -2.3% |
| Equity | 10/15 | €159,581 | €173,963 | +€14,382 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,932 | €44,921 | -€4,011 | -8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,072 | €43,061 | -€4,011 | -8.5% |
| Profit (loss) carried forward | 14 | €92,049 | €110,442 | +€18,393 | +20.0% |
| Provisions and deferred taxes | 16 | €24,238 | €22,173 | -€2,065 | -8.5% |
| Deferred taxes | 168 | €24,238 | €22,173 | -€2,065 | -8.5% |
| Amounts payable | 17/49 | €39,204 | €21,806 | -€17,398 | -44.4% |
| Amounts payable within one year | 42/48 | €39,204 | €21,806 | -€17,398 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €7,408 | - | -€7,408 | |
| Trade debts | 44 | €11,750 | €1,162 | -€10,588 | -90.1% |
| Suppliers | 440/4 | €11,750 | €1,162 | -€10,588 | -90.1% |
| Taxes, remuneration and social security | 45 | €20,046 | €20,644 | +€598 | +3.0% |
| Taxes | 450/3 | €20,046 | €20,644 | +€598 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,428 | €9,428 | = | 0.0% |
| Other operating charges | 640/8 | €1,864 | €3,531 | +€1,667 | +89.4% |
| Gross operating margin | 9900 | €26,707 | €31,801 | +€5,094 | +19.1% |
| Operating profit (loss) | 9901 | €15,415 | €18,842 | +€3,427 | +22.2% |
| Financial charges | 65/66B | €1,454 | €525 | -€929 | -63.9% |
| Recurring financial charges | 65 | €1,436 | €525 | -€911 | -63.4% |
| Non-recurring financial charges | 66B | €18 | - | -€18 | |
| Profit (loss) for the period before taxes | 9903 | €13,961 | €18,317 | +€4,356 | +31.2% |
| Transfer from deferred taxes | 780 | €2,065 | €2,065 | = | 0.0% |
| Income taxes | 67/77 | €4,368 | €6,000 | +€1,632 | +37.4% |
| Profit (loss) for the period | 9904 | €11,658 | €14,382 | +€2,724 | +23.4% |
| Transfer from tax-exempt reserves | 789 | €4,011 | €4,011 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,669 | €18,393 | +€2,724 | +17.4% |
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 25 October 2026 via checked.be.