HENDA: 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.
HENDA
Largest movements
- Tangible fixed assets -€19,801
down €19,801 (-42.3%), from €46,808 to €27,007
of which Plant, machinery and equipment: -€10,939
- Cash -€7,556
down €7,556 (-95.9%), from €7,875 to €320
mainly Net result for the year (-€14,109) and Debts after one year (-€7,258)
- Stocks and contracts +€5,000
up €5,000 (+30.9%), from €16,185 to €21,185
of which Contracts in progress: +€5,000
- Receivables within one year +€3,797
up €3,797 (+151.5%), from €2,506 to €6,303
of which Trade receivables: +€5,300
- Profit (loss) carried forward -€14,109
down €14,109 (-445.2%), from -€3,169 to -€17,278
- Debts after one year -€7,258
down €7,258 (-25.6%), from €28,349 to €21,091
- Tax, wage and social debts +€2,185
new in 2025: €2,185
- Other debts +€2,000
up €2,000 (+9.8%), from €20,305 to €22,305
- Trade debts -€1,073
down €1,073 (-97.9%), from €1,096 to €24
- Gross operating margin +€4,985
up €4,985 (+240.3%), from €2,075 to €7,059
- Depreciation +€1,581
up €1,581 (+8.7%), from €18,220 to €19,801
- Financial charges -€99
down €99 (-15.8%), from €629 to €530
- Other operating charges +€77
up €77 (+9.9%), from €785 to €862
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 | €73,373 | €54,814 | -€18,559 | -25.3% |
| Fixed assets | 21/28 | €46,808 | €27,007 | -€19,801 | -42.3% |
| Tangible fixed assets | 22/27 | €46,808 | €27,007 | -€19,801 | -42.3% |
| Land and buildings | 22 | €3,750 | €0 | -€3,750 | -100.0% |
| Plant, machinery and equipment | 23 | €34,389 | €23,449 | -€10,939 | -31.8% |
| Furniture and vehicles | 24 | €8,669 | €3,557 | -€5,111 | -59.0% |
| Current assets | 29/58 | €26,566 | €27,807 | +€1,242 | +4.7% |
| Stocks and contracts in progress | 3 | €16,185 | €21,185 | +€5,000 | +30.9% |
| Stocks | 30/36 | €16,185 | €16,185 | = | 0.0% |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €2,506 | €6,303 | +€3,797 | +151.5% |
| Trade receivables | 40 | - | €5,300 | +€5,300 | |
| Other amounts receivable | 41 | €2,506 | €1,003 | -€1,503 | -60.0% |
| Cash at bank and in hand | 54/58 | €7,875 | €320 | -€7,556 | -95.9% |
| Total equity and liabilities | 10/49 | €73,373 | €54,814 | -€18,559 | -25.3% |
| Equity | 10/15 | €15,431 | €1,322 | -€14,109 | -91.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,169 | -€17,278 | -€14,109 | -445.2% |
| Amounts payable | 17/49 | €57,942 | €53,492 | -€4,450 | -7.7% |
| Amounts payable after more than one year | 17 | €28,349 | €21,091 | -€7,258 | -25.6% |
| Financial debts | 170/4 | €28,349 | €21,091 | -€7,258 | -25.6% |
| Amounts payable within one year | 42/48 | €29,593 | €31,772 | +€2,178 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €8,192 | €7,258 | -€934 | -11.4% |
| Trade debts | 44 | €1,096 | €24 | -€1,073 | -97.9% |
| Suppliers | 440/4 | €1,096 | €24 | -€1,073 | -97.9% |
| Taxes, remuneration and social security | 45 | - | €2,185 | +€2,185 | |
| Remuneration and social security | 454/9 | - | €2,185 | +€2,185 | |
| Other amounts payable | 47/48 | €20,305 | €22,305 | +€2,000 | +9.8% |
| Accrued charges and deferred income | 492/3 | - | €630 | +€630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,220 | €19,801 | +€1,581 | +8.7% |
| Other operating charges | 640/8 | €785 | €862 | +€77 | +9.9% |
| Gross operating margin | 9900 | €2,075 | €7,059 | +€4,985 | +240.3% |
| Operating profit (loss) | 9901 | -€16,930 | -€13,603 | +€3,327 | +19.6% |
| Financial income | 75/76B | €2 | €24 | +€22 | +1199.5% |
| Recurring financial income | 75 | €2 | €24 | +€22 | +1199.5% |
| Financial charges | 65/66B | €629 | €530 | -€99 | -15.8% |
| Recurring financial charges | 65 | €629 | €530 | -€99 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,557 | -€14,109 | +€3,448 | +19.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,557 | -€14,109 | +€3,448 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,557 | -€14,109 | +€3,448 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.