HENAST: 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.
What changed
HENAST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€980,323
2024 · -€291,915-€688,408
Equity
-€403,858
2024 · €576,465-€980,323
Cash
€1,444
2024 · €1,247+€197
Balance sheet total
€71,120
2024 · €1.1m-€996,302
Largest movements
Assets
- Financial fixed assets -€1.0m
down €1.0m (-100.0%), from €1.0m to €2
Equity and liabilities
- Profit (loss) carried forward -€980,323
down €980,323 (-253%), from -€387,535 to -€1.4m
- Debts after one year -€50,843
down €50,843 (-44.1%), from €115,187 to €64,345
- Current portion of long-term debt +€29,247
up €29,247 (+59.4%), from €49,219 to €78,467
Income statement
- Financial charges +€1.0m
up €1.0m (+42,644%), from €2,348 to €1.0m
- Other operating charges -€101,118
down €101,118 (-97.8%), from €103,412 to €2,294
- Gross operating margin +€33,925
up €33,925, from -€8,160 to €25,765
- Depreciation -€1,480
down €1,480 (-100%), from €1,480 to €0
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.
Result 2024
-€291,915
Gross operating margin
+€33,925
Staff costs
+€133
Depreciation
+€1,480
Other operating charges
+€101,118
Other operating items
+€176,383
Financial income
-€1
Financial charges
-€1.0m
Result 2025
-€980,323
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€983,953
Investment
+€1.0m
Financing
-€21,595
Cash 2024
€1,247
From operations (derived)
-€983,953
Net result for the year
-€980,323
Receivables within one year
-€10,437
Smaller working-capital items
+€1,646
Tax, wage and social debts
+€8,385
Other debts
-€3,224
Investment (derived)
+€1.0m
Investment in fixed assets (net)
+€1.0m
Financing
-€21,595
Debts after one year
-€50,843
Current portion of long-term debt
+€29,247
Cash 2025
€1,444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,422 | €71,120 | -€996,302 | -93.3% |
| Fixed assets | 21/28 | €1,006,341 | €595 | -€1.0m | -99.9% |
| Tangible fixed assets | 22/27 | €3,341 | €593 | -€2,747 | -82.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,341 | €593 | -€2,747 | -82.2% |
| Financial fixed assets | 28 | €1,003,000 | €2 | -€1.0m | -100.0% |
| Current assets | 29/58 | €61,081 | €70,525 | +€9,443 | +15.5% |
| Amounts receivable within one year | 40/41 | €58,644 | €69,081 | +€10,437 | +17.8% |
| Trade receivables | 40 | €26,983 | €23,638 | -€3,344 | -12.4% |
| Other amounts receivable | 41 | €31,662 | €45,442 | +€13,781 | +43.5% |
| Cash at bank and in hand | 54/58 | €1,247 | €1,444 | +€197 | +15.8% |
| Deferred charges and accrued income | 490/1 | €1,190 | €0 | -€1,190 | -100% |
| Total equity and liabilities | 10/49 | €1,067,422 | €71,120 | -€996,302 | -93.3% |
| Equity | 10/15 | €576,465 | -€403,858 | -€980,323 | |
| Contributions | 10/11 | €963,000 | €963,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€387,535 | -€1,367,858 | -€980,323 | -253% |
| Amounts payable | 17/49 | €490,956 | €474,978 | -€15,979 | -3.3% |
| Amounts payable after more than one year | 17 | €115,187 | €64,345 | -€50,843 | -44.1% |
| Financial debts | 170/4 | €115,187 | €64,345 | -€50,843 | -44.1% |
| Amounts payable within one year | 42/48 | €375,769 | €410,633 | +€34,864 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €49,219 | €78,467 | +€29,247 | +59.4% |
| Financial debts | 43 | €26 | €26 | = | 0.0% |
| Credit institutions | 430/8 | €26 | €26 | = | 0.0% |
| Trade debts | 44 | €321,974 | €322,429 | +€456 | +0.1% |
| Suppliers | 440/4 | €321,974 | €322,429 | +€456 | +0.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €8,385 | +€8,385 | |
| Taxes | 450/3 | €0 | €8,385 | +€8,385 | |
| Other amounts payable | 47/48 | €4,550 | €1,326 | -€3,224 | -70.9% |
| Non-recurring operating income | 76A | €34,877 | €0 | -€34,877 | -100% |
| Remuneration, social security and pensions | 62 | €133 | €0 | -€133 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €0 | -€1,480 | -100% |
| Other operating charges | 640/8 | €103,412 | €2,294 | -€101,118 | -97.8% |
| Non-recurring operating charges | 66A | €176,383 | €0 | -€176,383 | -100% |
| Gross operating margin | 9900 | -€8,160 | €25,765 | +€33,925 | |
| Operating profit (loss) | 9901 | -€289,568 | €23,471 | +€313,038 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.7% |
| Financial charges | 65/66B | €2,348 | €1,003,794 | +€1.0m | +42,644% |
| Recurring financial charges | 65 | €2,348 | €1,003,794 | +€1.0m | +42,644% |
| Profit (loss) for the period before taxes | 9903 | -€291,915 | -€980,323 | -€688,408 | -236% |
| Profit (loss) for the period | 9904 | -€291,915 | -€980,323 | -€688,408 | -236% |
| Profit (loss) for the period to be appropriated | 9905 | -€291,915 | -€980,323 | -€688,408 | -236% |
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 26 October 2026 via checked.be.