HENCKAERTS NV: what changed
What changed
HENCKAERTS NV
NACE 66.300, Activities auxiliary to financial services and insurance activities
filed annual accounts (NBB)
Net result for the year
-€64,653
2024 · -€52,748-€11,905
Equity
€876,273
2024 · €940,926-€64,653
Cash
€7,437
2024 · €26,436-€18,999
Balance sheet total
€2.4m
2024 · €2.0m+€444,480
Largest movements
Assets
- Tangible fixed assets +€505,776
up €505,776 (+58.6%), from €863,295 to €1.4m
of which Land and buildings: +€513,630
- Intangible fixed assets -€57,352
down €57,352 (-5.7%), from €1.0m to €946,591
Equity and liabilities
- Trade debts +€297,531
up €297,531 (+1,009%), from €29,479 to €327,010
- Debts after one year +€228,607
up €228,607 (+31.2%), from €733,397 to €962,003
of which Financial debts: +€241,328
- Profit (loss) carried forward -€37,452
down €37,452 (-11.8%), from -€317,007 to -€354,459
- Reserves -€27,201
down €27,201 (-4.3%), from €640,007 to €612,806
of which Tax-exempt reserves: -€27,201
Income statement
- Depreciation +€6,796
up €6,796 (+6.1%), from €111,639 to €118,435
- Financial charges +€4,431
up €4,431 (+25.4%), from €17,467 to €21,897
- Gross operating margin -€3,756
down €3,756 (-3.7%), from €101,728 to €97,971
- Taxes -€3,356
down €3,356 (-27.0%), from €12,451 to €9,095
- Other operating charges +€2,028
up €2,028 (+10.0%), from €20,262 to €22,290
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€52,748
Gross operating margin
-€3,756
Depreciation
-€6,796
Other operating charges
-€2,028
Financial income
+€27
Financial charges
-€4,431
Taxes
+€3,356
Deferred taxes and other
+€1,725
Result 2025
-€64,653
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€324,092
Investment
-€566,859
Financing
+€223,768
Cash 2024
€26,436
From operations (derived)
+€324,092
Net result for the year
-€64,653
Depreciation
+€118,435
Receivables within one year
-€14,830
Deferred charges and accrued income
-€225
Provisions
-€9,067
Trade debts
+€297,531
Tax, wage and social debts
-€5,456
Accrued charges and deferred income
+€2,357
Investment (derived)
-€566,859
Investment in fixed assets (net)
-€566,859
Financing
+€223,768
Debts after one year
+€228,607
Current portion of long-term debt
-€4,838
Cash 2025
€7,437
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,961,226 | €2,405,706 | +€444,480 | +22.7% |
| Fixed assets | 21/28 | €1,867,238 | €2,315,662 | +€448,424 | +24.0% |
| Intangible fixed assets | 21 | €1,003,943 | €946,591 | -€57,352 | -5.7% |
| Tangible fixed assets | 22/27 | €863,295 | €1,369,071 | +€505,776 | +58.6% |
| Land and buildings | 22 | €844,353 | €1,357,982 | +€513,630 | +60.8% |
| Plant, machinery and equipment | 23 | €3,082 | €2,010 | -€1,072 | -34.8% |
| Furniture and vehicles | 24 | €15,861 | €9,079 | -€6,782 | -42.8% |
| Current assets | 29/58 | €93,988 | €90,044 | -€3,944 | -4.2% |
| Amounts receivable within one year | 40/41 | - | €14,830 | +€14,830 | |
| Other amounts receivable | 41 | - | €14,830 | +€14,830 | |
| Current investments | 50/53 | €65,000 | €65,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,436 | €7,437 | -€18,999 | -71.9% |
| Deferred charges and accrued income | 490/1 | €2,552 | €2,777 | +€225 | +8.8% |
| Total equity and liabilities | 10/49 | €1,961,226 | €2,405,706 | +€444,480 | +22.7% |
| Equity | 10/15 | €940,926 | €876,273 | -€64,653 | -6.9% |
| Contributions | 10/11 | €317,926 | €317,926 | = | 0.0% |
| Capital | 10 | €317,926 | €317,926 | = | 0.0% |
| Issued capital | 100 | €317,926 | €317,926 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €640,007 | €612,806 | -€27,201 | -4.3% |
| Non-distributable reserves | 130/1 | €45,477 | €45,477 | = | 0.0% |
| Legal reserve | 130 | €45,477 | €45,477 | = | 0.0% |
| Tax-exempt reserves | 132 | €594,530 | €567,329 | -€27,201 | -4.6% |
| Profit (loss) carried forward | 14 | -€317,007 | -€354,459 | -€37,452 | -11.8% |
| Provisions and deferred taxes | 16 | €198,003 | €188,936 | -€9,067 | -4.6% |
| Deferred taxes | 168 | €198,003 | €188,936 | -€9,067 | -4.6% |
| Amounts payable | 17/49 | €822,297 | €1,340,496 | +€518,200 | +63.0% |
| Amounts payable after more than one year | 17 | €733,397 | €962,003 | +€228,607 | +31.2% |
| Financial debts | 170/4 | €378,812 | €620,140 | +€241,328 | +63.7% |
| Other amounts payable | 178/9 | €354,584 | €341,863 | -€12,721 | -3.6% |
| Amounts payable within one year | 42/48 | €88,900 | €376,136 | +€287,237 | +323% |
| Current portion of amounts payable after more than one year | 42 | €46,970 | €42,131 | -€4,838 | -10.3% |
| Trade debts | 44 | €29,479 | €327,010 | +€297,531 | +1,009% |
| Suppliers | 440/4 | €29,479 | €327,010 | +€297,531 | +1,009% |
| Taxes, remuneration and social security | 45 | €12,451 | €6,995 | -€5,456 | -43.8% |
| Taxes | 450/3 | €12,451 | €6,995 | -€5,456 | -43.8% |
| Accrued charges and deferred income | 492/3 | €0 | €2,357 | +€2,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,639 | €118,435 | +€6,796 | +6.1% |
| Other operating charges | 640/8 | €20,262 | €22,290 | +€2,028 | +10.0% |
| Gross operating margin | 9900 | €101,728 | €97,971 | -€3,756 | -3.7% |
| Operating profit (loss) | 9901 | -€30,173 | -€42,754 | -€12,581 | -41.7% |
| Financial income | 75/76B | €0 | €27 | +€27 | +88,933% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +88,933% |
| Financial charges | 65/66B | €17,467 | €21,897 | +€4,431 | +25.4% |
| Recurring financial charges | 65 | €17,467 | €21,897 | +€4,431 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,640 | -€64,625 | -€16,985 | -35.7% |
| Transfer from deferred taxes | 780 | €7,343 | €9,067 | +€1,725 | +23.5% |
| Income taxes | 67/77 | €12,451 | €9,095 | -€3,356 | -27.0% |
| Profit (loss) for the period | 9904 | -€52,748 | -€64,653 | -€11,905 | -22.6% |
| Transfer from tax-exempt reserves | 789 | €22,028 | €27,201 | +€5,174 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,720 | -€37,452 | -€6,731 | -21.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.