HAKIM HENNEN: 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.
HAKIM HENNEN
Largest movements
- Receivables within one year -€9,797
down €9,797 (-87.6%), from €11,181 to €1,383
of which Other amounts receivable: -€9,797
- Cash -€7,339
down €7,339 (-15.4%), from €47,633 to €40,294
mainly Tax, wage and social debts (-€11,058) and Net result for the year (-€5,080)
- Tax, wage and social debts -€11,058
down €11,058 (-77.5%), from €14,262 to €3,204
of which Taxes: -€11,058
- Reserves -€5,000
down €5,000 (-13.2%), from €38,000 to €33,000
- Trade debts -€998
down €998 (-85.3%), from €1,170 to €172
- Gross operating margin -€41,181
down €41,181, from €36,595 to -€4,586
- Taxes -€10,204
no longer reported in 2025 (was €10,204)
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 | €58,814 | €41,678 | -€17,136 | -29.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €58,814 | €41,678 | -€17,136 | -29.1% |
| Amounts receivable within one year | 40/41 | €11,181 | €1,383 | -€9,797 | -87.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,181 | €1,383 | -€9,797 | -87.6% |
| Cash at bank and in hand | 54/58 | €47,633 | €40,294 | -€7,339 | -15.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €58,814 | €41,678 | -€17,136 | -29.1% |
| Equity | 10/15 | €43,382 | €38,302 | -€5,080 | -11.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,000 | €33,000 | -€5,000 | -13.2% |
| Distributable reserves | 133 | €38,000 | €33,000 | -€5,000 | -13.2% |
| Profit (loss) carried forward | 14 | €382 | €302 | -€80 | -20.9% |
| Amounts payable | 17/49 | €15,432 | €3,375 | -€12,056 | -78.1% |
| Amounts payable within one year | 42/48 | €15,432 | €3,375 | -€12,056 | -78.1% |
| Trade debts | 44 | €1,170 | €172 | -€998 | -85.3% |
| Suppliers | 440/4 | €1,170 | €172 | -€998 | -85.3% |
| Taxes, remuneration and social security | 45 | €14,262 | €3,204 | -€11,058 | -77.5% |
| Taxes | 450/3 | €14,262 | €3,204 | -€11,058 | -77.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €620 | +€232 | +60.0% |
| Gross operating margin | 9900 | €36,595 | -€4,586 | -€41,181 | |
| Operating profit (loss) | 9901 | €36,207 | -€5,206 | -€41,414 | |
| Financial income | 75/76B | €0 | €221 | +€221 | |
| Recurring financial income | 75 | €0 | €221 | +€221 | |
| Financial charges | 65/66B | €49 | €95 | +€46 | +93.5% |
| Recurring financial charges | 65 | €49 | €95 | +€46 | +93.5% |
| Profit (loss) for the period before taxes | 9903 | €36,159 | -€5,080 | -€41,238 | |
| Income taxes | 67/77 | €10,204 | - | -€10,204 | |
| Profit (loss) for the period | 9904 | €25,955 | -€5,080 | -€31,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,955 | -€5,080 | -€31,035 |
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 19 October 2026 via checked.be.