HENCAM: 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.
HENCAM
Largest movements
- Tangible fixed assets -€55,061
down €55,061 (-13.0%), from €424,598 to €369,537
of which Land and buildings: -€52,124
- Cash -€5,967
down €5,967 (-34.5%), from €17,306 to €11,339
mainly Other debts (-€39,147) and Net result for the year (-€21,414)
- Other debts -€39,147
down €39,147 (-4.8%), from €816,476 to €777,329
- Profit (loss) carried forward -€21,414
down €21,414 (-3.8%), from -€568,283 to -€589,697
- Depreciation +€2,760
up €2,760 (+4.6%), from €60,385 to €63,144
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,904 | €380,876 | -€61,028 | -13.8% |
| Fixed assets | 21/28 | €424,598 | €369,537 | -€55,061 | -13.0% |
| Tangible fixed assets | 22/27 | €424,598 | €369,537 | -€55,061 | -13.0% |
| Land and buildings | 22 | €419,602 | €367,478 | -€52,124 | -12.4% |
| Plant, machinery and equipment | 23 | €4,996 | €2,059 | -€2,937 | -58.8% |
| Current assets | 29/58 | €17,306 | €11,339 | -€5,967 | -34.5% |
| Cash at bank and in hand | 54/58 | €17,306 | €11,339 | -€5,967 | -34.5% |
| Total equity and liabilities | 10/49 | €441,904 | €380,876 | -€61,028 | -13.8% |
| Equity | 10/15 | -€376,054 | -€397,468 | -€21,414 | -5.7% |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €31,098 | €31,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,113 | €16,113 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Distributable reserves | 133 | €14,985 | €14,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€568,283 | -€589,697 | -€21,414 | -3.8% |
| Amounts payable | 17/49 | €817,958 | €778,345 | -€39,614 | -4.8% |
| Amounts payable within one year | 42/48 | €817,958 | €778,345 | -€39,614 | -4.8% |
| Trade debts | 44 | €1,482 | €1,015 | -€467 | -31.5% |
| Suppliers | 440/4 | €1,482 | €1,015 | -€467 | -31.5% |
| Other amounts payable | 47/48 | €816,476 | €777,329 | -€39,147 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,385 | €63,144 | +€2,760 | +4.6% |
| Other operating charges | 640/8 | €6,246 | €6,501 | +€254 | +4.1% |
| Gross operating margin | 9900 | €48,691 | €48,382 | -€310 | -0.6% |
| Operating profit (loss) | 9901 | -€17,940 | -€21,264 | -€3,324 | -18.5% |
| Financial income | 75/76B | €20 | €0 | -€19 | -99.2% |
| Recurring financial income | 75 | €20 | €0 | -€19 | -99.2% |
| Financial charges | 65/66B | €31 | €151 | +€119 | +380.1% |
| Recurring financial charges | 65 | €31 | €151 | +€119 | +380.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,952 | -€21,414 | -€3,463 | -19.3% |
| Profit (loss) for the period | 9904 | -€17,952 | -€21,414 | -€3,463 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,952 | -€21,414 | -€3,463 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.