HENCKENS: 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.
HENCKENS
Largest movements
- Cash -€120,026
down €120,026 (-56.6%), from €211,975 to €91,949
mainly Investment in fixed assets (net) (-€122,351) and Receivables within one year (-€20,181)
- Tangible fixed assets +€94,633
up €94,633 (+7.2%), from €1.3m to €1.4m
of which Furniture and vehicles: +€96,140
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€19,341
up €19,341 (+71.3%), from €27,130 to €46,471
- Depreciation +€7,413
up €7,413 (+36.5%), from €20,305 to €27,718
- Gross operating margin +€3,978
up €3,978 (+5.9%), from €67,101 to €71,078
- Other operating charges -€2,573
down €2,573 (-37.9%), from €6,788 to €4,215
- Taxes -€2,158
down €2,158 (-64.7%), from €3,337 to €1,179
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 | €2,355,285 | €2,346,346 | -€8,939 | -0.4% |
| Fixed assets | 21/28 | €1,322,116 | €1,416,750 | +€94,633 | +7.2% |
| Tangible fixed assets | 22/27 | €1,322,116 | €1,416,750 | +€94,633 | +7.2% |
| Land and buildings | 22 | €542,112 | €535,928 | -€6,185 | -1.1% |
| Plant, machinery and equipment | 23 | €1,755 | €6,433 | +€4,678 | +266.6% |
| Furniture and vehicles | 24 | €35,065 | €131,205 | +€96,140 | +274.2% |
| Other tangible fixed assets | 26 | €743,185 | €743,185 | = | 0.0% |
| Current assets | 29/58 | €1,033,168 | €929,596 | -€103,572 | -10.0% |
| Amounts receivable within one year | 40/41 | €26,342 | €46,523 | +€20,181 | +76.6% |
| Trade receivables | 40 | €269 | €1,327 | +€1,059 | +394.0% |
| Other amounts receivable | 41 | €26,073 | €45,195 | +€19,122 | +73.3% |
| Current investments | 50/53 | €785,568 | €790,429 | +€4,861 | +0.6% |
| Cash at bank and in hand | 54/58 | €211,975 | €91,949 | -€120,026 | -56.6% |
| Deferred charges and accrued income | 490/1 | €9,284 | €695 | -€8,589 | -92.5% |
| Total equity and liabilities | 10/49 | €2,355,285 | €2,346,346 | -€8,939 | -0.4% |
| Equity | 10/15 | €1,662,184 | €1,664,113 | +€1,929 | +0.1% |
| Contributions | 10/11 | €987,000 | €987,000 | = | 0.0% |
| Reserves | 13 | €675,184 | €677,113 | +€1,929 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €675,184 | €677,113 | +€1,929 | +0.3% |
| Amounts payable | 17/49 | €693,101 | €682,232 | -€10,868 | -1.6% |
| Amounts payable after more than one year | 17 | €634,000 | €634,000 | = | 0.0% |
| Financial debts | 170/4 | €634,000 | €634,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,822 | €1,843 | -€9,979 | -84.4% |
| Trade debts | 44 | €9,115 | €1,843 | -€7,272 | -79.8% |
| Suppliers | 440/4 | €9,115 | €1,843 | -€7,272 | -79.8% |
| Taxes, remuneration and social security | 45 | €2,707 | €0 | -€2,707 | -100.0% |
| Taxes | 450/3 | €2,707 | €0 | -€2,707 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €47,279 | €46,389 | -€889 | -1.9% |
| Non-recurring operating income | 76A | - | €21,000 | +€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,305 | €27,718 | +€7,413 | +36.5% |
| Other operating charges | 640/8 | €6,788 | €4,215 | -€2,573 | -37.9% |
| Gross operating margin | 9900 | €67,101 | €71,078 | +€3,978 | +5.9% |
| Operating profit (loss) | 9901 | €40,007 | €39,145 | -€862 | -2.2% |
| Financial income | 75/76B | €11,555 | €10,434 | -€1,121 | -9.7% |
| Recurring financial income | 75 | €11,555 | €10,434 | -€1,121 | -9.7% |
| Financial charges | 65/66B | €27,130 | €46,471 | +€19,341 | +71.3% |
| Recurring financial charges | 65 | €27,130 | €46,471 | +€19,341 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €24,432 | €3,109 | -€21,324 | -87.3% |
| Income taxes | 67/77 | €3,337 | €1,179 | -€2,158 | -64.7% |
| Profit (loss) for the period | 9904 | €21,095 | €1,929 | -€19,166 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,095 | €1,929 | -€19,166 | -90.9% |
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 6 October 2026 via checked.be.