HENATIS: 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.
HENATIS
Largest movements
- Receivables within one year +€20,587
up €20,587 (+96.9%), from €21,242 to €41,829
of which Other amounts receivable: +€20,946
- Tangible fixed assets -€14,976
down €14,976 (-3.0%), from €505,258 to €490,282
of which Land and buildings: -€17,094
- Reserves +€46,317
up €46,317 (+74.2%), from €62,421 to €108,738
- Debts after one year -€34,072
down €34,072 (-8.4%), from €406,633 to €372,561
- Depreciation -€14,031
down €14,031 (-44.2%), from €31,757 to €17,726
- Gross operating margin -€13,811
down €13,811 (-13.5%), from €102,506 to €88,695
- Financial income -€4,435
down €4,435 (-87.5%), from €5,068 to €634
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 | €600,956 | €607,751 | +€6,795 | +1.1% |
| Fixed assets | 21/28 | €505,258 | €490,282 | -€14,976 | -3.0% |
| Tangible fixed assets | 22/27 | €505,258 | €490,282 | -€14,976 | -3.0% |
| Land and buildings | 22 | €503,500 | €486,405 | -€17,094 | -3.4% |
| Furniture and vehicles | 24 | €1,759 | €1,127 | -€632 | -35.9% |
| Other tangible fixed assets | 26 | - | €2,750 | +€2,750 | |
| Current assets | 29/58 | €95,698 | €117,469 | +€21,771 | +22.8% |
| Amounts receivable within one year | 40/41 | €21,242 | €41,829 | +€20,587 | +96.9% |
| Trade receivables | 40 | €19,855 | €19,496 | -€359 | -1.8% |
| Other amounts receivable | 41 | €1,387 | €22,333 | +€20,946 | +1509.7% |
| Cash at bank and in hand | 54/58 | €50,094 | €50,563 | +€469 | +0.9% |
| Deferred charges and accrued income | 490/1 | €24,361 | €25,077 | +€716 | +2.9% |
| Total equity and liabilities | 10/49 | €600,956 | €607,751 | +€6,795 | +1.1% |
| Equity | 10/15 | €81,021 | €127,338 | +€46,317 | +57.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,421 | €108,738 | +€46,317 | +74.2% |
| Distributable reserves | 133 | €62,421 | €108,738 | +€46,317 | +74.2% |
| Amounts payable | 17/49 | €519,934 | €480,413 | -€39,522 | -7.6% |
| Amounts payable after more than one year | 17 | €406,633 | €372,561 | -€34,072 | -8.4% |
| Financial debts | 170/4 | €406,633 | €372,561 | -€34,072 | -8.4% |
| Amounts payable within one year | 42/48 | €110,921 | €105,171 | -€5,750 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €33,686 | €34,072 | +€386 | +1.1% |
| Trade debts | 44 | €2,411 | €55 | -€2,356 | -97.7% |
| Suppliers | 440/4 | €2,411 | €55 | -€2,356 | -97.7% |
| Taxes, remuneration and social security | 45 | €11,913 | €11,877 | -€37 | -0.3% |
| Taxes | 450/3 | €11,913 | €11,877 | -€37 | -0.3% |
| Other amounts payable | 47/48 | €62,911 | €59,168 | -€3,744 | -6.0% |
| Accrued charges and deferred income | 492/3 | €2,380 | €2,680 | +€300 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,757 | €17,726 | -€14,031 | -44.2% |
| Other operating charges | 640/8 | €3,743 | €4,762 | +€1,019 | +27.2% |
| Gross operating margin | 9900 | €102,506 | €88,695 | -€13,811 | -13.5% |
| Operating profit (loss) | 9901 | €67,005 | €66,207 | -€798 | -1.2% |
| Financial income | 75/76B | €5,068 | €634 | -€4,435 | -87.5% |
| Recurring financial income | 75 | €5,068 | €634 | -€4,435 | -87.5% |
| Financial charges | 65/66B | €6,821 | €6,331 | -€490 | -7.2% |
| Recurring financial charges | 65 | €6,821 | €6,331 | -€490 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €65,252 | €60,510 | -€4,743 | -7.3% |
| Income taxes | 67/77 | €14,729 | €14,193 | -€537 | -3.6% |
| Profit (loss) for the period | 9904 | €50,523 | €46,317 | -€4,206 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,523 | €46,317 | -€4,206 | -8.3% |
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 10 October 2026 via checked.be.