HENDESA: 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.
HENDESA
Largest movements
- Tangible fixed assets -€2,890
down €2,890 (-5.7%), from €50,656 to €47,766
- Provisions -€11,268
down €11,268 (-100%), from €11,268 to €0
- Profit (loss) carried forward +€7,611
up €7,611 (+904%), from €842 to €8,452
- Other debts +€842
up €842 (+2.8%), from €29,945 to €30,786
- Provisions -€11,268
new in 2025: -€11,268
- Gross operating margin -€776
down €776, from €9 to -€767
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,656 | €47,766 | -€2,890 | -5.7% |
| Fixed assets | 21/28 | €50,656 | €47,766 | -€2,890 | -5.7% |
| Tangible fixed assets | 22/27 | €50,656 | €47,766 | -€2,890 | -5.7% |
| Other tangible fixed assets | 26 | €50,656 | €47,766 | -€2,890 | -5.7% |
| Total equity and liabilities | 10/49 | €50,656 | €47,766 | -€2,890 | -5.7% |
| Equity | 10/15 | €8,902 | €16,512 | +€7,611 | +85.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €842 | €8,452 | +€7,611 | +904% |
| Provisions and deferred taxes | 16 | €11,268 | €0 | -€11,268 | -100% |
| Provisions for liabilities and charges | 160/5 | €11,268 | €0 | -€11,268 | -100% |
| Pensions and similar obligations | 160 | €11,268 | €0 | -€11,268 | -100% |
| Amounts payable | 17/49 | €30,486 | €31,253 | +€767 | +2.5% |
| Amounts payable within one year | 42/48 | €29,999 | €31,186 | +€1,187 | +4.0% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €54 | - | -€54 | |
| Taxes | 450/3 | €54 | - | -€54 | |
| Other amounts payable | 47/48 | €29,945 | €30,786 | +€842 | +2.8% |
| Accrued charges and deferred income | 492/3 | €487 | €67 | -€420 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €2,890 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€11,268 | -€11,268 | |
| Gross operating margin | 9900 | €9 | -€767 | -€776 | |
| Operating profit (loss) | 9901 | -€2,881 | €7,611 | +€10,492 | |
| Profit (loss) for the period before taxes | 9903 | -€2,881 | €7,611 | +€10,492 | |
| Profit (loss) for the period | 9904 | -€2,881 | €7,611 | +€10,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,881 | €7,611 | +€10,492 |
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 20 October 2026 via checked.be.