HENAF: what changed
Two fiscal 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.
HENAF
Largest movements
- Receivables within one year +€20,366
up €20,366 (+7055.5%), from €289 to €20,654
- Reserves +€9,225
up €9,225 (+13.4%), from €68,696 to €77,921
- Tax, wage and social debts +€7,515
up €7,515 (+81.7%), from €9,197 to €16,712
of which Taxes: +€7,384
- Trade debts +€2,919
up €2,919 (+107.0%), from €2,729 to €5,648
- Financial charges -€3,399
down €3,399 (-86.4%), from €3,933 to €534
- Gross operating margin +€3,011
up €3,011 (+11.3%), from €26,562 to €29,573
- Taxes +€2,905
up €2,905 (+464.1%), from €626 to €3,530
- Financial income +€1,043
up €1,043 (+208.4%), from €500 to €1,543
- Other operating charges -€774
down €774 (-70.4%), from €1,100 to €326
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.
Cash bridge derived
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 | €195,874 | €216,251 | +€20,376 | +10.4% |
| Fixed assets | 21/28 | €195,500 | €195,500 | = | 0.0% |
| Financial fixed assets | 28 | €195,500 | €195,500 | = | 0.0% |
| Current assets | 29/58 | €374 | €20,751 | +€20,376 | +5443.8% |
| Amounts receivable within one year | 40/41 | €289 | €20,654 | +€20,366 | +7055.5% |
| Other amounts receivable | 41 | €289 | €20,654 | +€20,366 | +7055.5% |
| Cash at bank and in hand | 54/58 | €86 | €96 | +€11 | +12.3% |
| Total equity and liabilities | 10/49 | €195,874 | €216,251 | +€20,376 | +10.4% |
| Equity | 10/15 | €70,696 | €79,921 | +€9,225 | +13.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €68,696 | €77,921 | +€9,225 | +13.4% |
| Distributable reserves | 133 | €68,696 | €77,921 | +€9,225 | +13.4% |
| Amounts payable | 17/49 | €125,178 | €136,329 | +€11,151 | +8.9% |
| Amounts payable within one year | 42/48 | €125,178 | €136,329 | +€11,151 | +8.9% |
| Trade debts | 44 | €2,729 | €5,648 | +€2,919 | +107.0% |
| Suppliers | 440/4 | €2,729 | €5,648 | +€2,919 | +107.0% |
| Taxes, remuneration and social security | 45 | €9,197 | €16,712 | +€7,515 | +81.7% |
| Taxes | 450/3 | €9,197 | €16,581 | +€7,384 | +80.3% |
| Remuneration and social security | 454/9 | - | €131 | +€131 | |
| Other amounts payable | 47/48 | €113,252 | €113,969 | +€717 | +0.6% |
| Other operating charges | 640/8 | €1,100 | €326 | -€774 | -70.4% |
| Gross operating margin | 9900 | €26,562 | €29,573 | +€3,011 | +11.3% |
| Operating profit (loss) | 9901 | €25,462 | €29,247 | +€3,785 | +14.9% |
| Financial income | 75/76B | €500 | €1,543 | +€1,043 | +208.4% |
| Recurring financial income | 75 | €500 | €1,543 | +€1,043 | +208.4% |
| Financial charges | 65/66B | €3,933 | €534 | -€3,399 | -86.4% |
| Recurring financial charges | 65 | €3,933 | €534 | -€3,399 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €22,029 | €30,256 | +€8,227 | +37.3% |
| Income taxes | 67/77 | €626 | €3,530 | +€2,905 | +464.1% |
| Profit (loss) for the period | 9904 | €21,403 | €26,725 | +€5,322 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,403 | €26,725 | +€5,322 | +24.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.