HENDUO: 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.
HENDUO
Largest movements
- Intangible fixed assets +€227,598
up €227,598 (+105.9%), from €214,937 to €442,535
- Tangible fixed assets +€43,100
new in 2024: €43,100
of which Furniture and vehicles: +€41,521
- Receivables within one year +€14,145
new in 2024: €14,145
- Debts after one year +€231,225
up €231,225 (+113.6%), from €203,467 to €434,692
- Current portion of long-term debt +€44,144
up €44,144 (+267.0%), from €16,533 to €60,676
- Profit (loss) carried forward +€6,861
up €6,861 (+34.0%), from -€20,189 to -€13,328
- Trade debts +€5,143
up €5,143 (+302.7%), from €1,699 to €6,842
- Gross operating margin +€90,545
up €90,545, from -€12,689 to €77,856
- Depreciation +€43,933
up €43,933 (+867.7%), from €5,063 to €48,996
- Financial charges +€16,724
up €16,724 (+814.7%), from €2,053 to €18,776
- Other operating charges +€2,705
up €2,705 (+703.7%), from €384 to €3,090
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 | €215,911 | €504,265 | +€288,353 | +133.6% |
| Fixed assets | 21/28 | €214,937 | €488,635 | +€273,698 | +127.3% |
| Intangible fixed assets | 21 | €214,937 | €442,535 | +€227,598 | +105.9% |
| Tangible fixed assets | 22/27 | - | €43,100 | +€43,100 | |
| Plant, machinery and equipment | 23 | - | €1,578 | +€1,578 | |
| Furniture and vehicles | 24 | - | €41,521 | +€41,521 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €974 | €15,630 | +€14,655 | +1504.3% |
| Amounts receivable within one year | 40/41 | - | €14,145 | +€14,145 | |
| Trade receivables | 40 | - | €14,145 | +€14,145 | |
| Cash at bank and in hand | 54/58 | €974 | €399 | -€575 | -59.0% |
| Deferred charges and accrued income | 490/1 | - | €1,086 | +€1,086 | |
| Total equity and liabilities | 10/49 | €215,911 | €504,265 | +€288,353 | +133.6% |
| Equity | 10/15 | -€10,189 | -€3,328 | +€6,861 | +67.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,189 | -€13,328 | +€6,861 | +34.0% |
| Amounts payable | 17/49 | €226,100 | €507,592 | +€281,492 | +124.5% |
| Amounts payable after more than one year | 17 | €203,467 | €434,692 | +€231,225 | +113.6% |
| Financial debts | 170/4 | €203,467 | €434,692 | +€231,225 | +113.6% |
| Amounts payable within one year | 42/48 | €22,633 | €72,901 | +€50,268 | +222.1% |
| Current portion of amounts payable after more than one year | 42 | €16,533 | €60,676 | +€44,144 | +267.0% |
| Trade debts | 44 | €1,699 | €6,842 | +€5,143 | +302.7% |
| Suppliers | 440/4 | €1,699 | €6,842 | +€5,143 | +302.7% |
| Taxes, remuneration and social security | 45 | - | €133 | +€133 | |
| Taxes | 450/3 | - | €133 | +€133 | |
| Other amounts payable | 47/48 | €4,401 | €5,249 | +€848 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,063 | €48,996 | +€43,933 | +867.7% |
| Other operating charges | 640/8 | €384 | €3,090 | +€2,705 | +703.7% |
| Gross operating margin | 9900 | -€12,689 | €77,856 | +€90,545 | |
| Operating profit (loss) | 9901 | -€18,136 | €25,771 | +€43,907 | |
| Financial charges | 65/66B | €2,053 | €18,776 | +€16,724 | +814.7% |
| Recurring financial charges | 65 | €2,053 | €18,776 | +€16,724 | +814.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,189 | €6,994 | +€27,183 | |
| Income taxes | 67/77 | - | €133 | +€133 | |
| Profit (loss) for the period | 9904 | -€20,189 | €6,861 | +€27,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,189 | €6,861 | +€27,050 |
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 6 October 2026 via checked.be.