HENE Projects: 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.
HENE Projects
Largest movements
- Receivables within one year -€125,423
down €125,423 (-92.2%), from €135,994 to €10,571
of which Trade receivables: -€125,423
- Tangible fixed assets +€64,421
up €64,421 (+2.8%), from €2.3m to €2.3m
- Cash -€46,812
down €46,812 (-79.7%), from €58,703 to €11,891
mainly Investment in fixed assets (net) (-€142,825) and Trade debts (-€93,785)
- Trade debts -€93,785
down €93,785 (-98.5%), from €95,242 to €1,457
- Gross operating margin +€141,016
up €141,016 (+3525.7%), from €4,000 to €145,016
- Other operating charges -€128,958
down €128,958 (-96.2%), from €134,012 to €5,054
- Depreciation +€60,261
up €60,261 (+332.1%), from €18,143 to €78,404
- Financial charges +€8,891
up €8,891 (+11.7%), from €75,800 to €84,691
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 | €2,460,167 | €2,353,042 | -€107,125 | -4.4% |
| Fixed assets | 21/28 | €2,265,470 | €2,329,891 | +€64,421 | +2.8% |
| Tangible fixed assets | 22/27 | €2,265,470 | €2,329,891 | +€64,421 | +2.8% |
| Land and buildings | 22 | €2,265,470 | €2,329,891 | +€64,421 | +2.8% |
| Current assets | 29/58 | €194,697 | €23,151 | -€171,546 | -88.1% |
| Amounts receivable within one year | 40/41 | €135,994 | €10,571 | -€125,423 | -92.2% |
| Trade receivables | 40 | €135,761 | €10,339 | -€125,423 | -92.4% |
| Other amounts receivable | 41 | €232 | €232 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,703 | €11,891 | -€46,812 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €689 | +€689 | |
| Total equity and liabilities | 10/49 | €2,460,167 | €2,353,042 | -€107,125 | -4.4% |
| Equity | 10/15 | -€73,952 | -€97,085 | -€23,133 | -31.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,952 | -€247,085 | -€23,133 | -10.3% |
| Amounts payable | 17/49 | €2,534,119 | €2,450,127 | -€83,992 | -3.3% |
| Amounts payable after more than one year | 17 | €2,363,194 | €2,361,353 | -€1,841 | -0.1% |
| Financial debts | 170/4 | €2,342,194 | €2,340,353 | -€1,841 | -0.1% |
| Other amounts payable | 178/9 | €21,000 | €21,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €170,925 | €88,774 | -€82,151 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €75,286 | €78,341 | +€3,055 | +4.1% |
| Trade debts | 44 | €95,242 | €1,457 | -€93,785 | -98.5% |
| Suppliers | 440/4 | €95,242 | €1,457 | -€93,785 | -98.5% |
| Taxes, remuneration and social security | 45 | €396 | €8,976 | +€8,580 | +2164.9% |
| Taxes | 450/3 | €396 | €8,976 | +€8,580 | +2164.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,143 | €78,404 | +€60,261 | +332.1% |
| Other operating charges | 640/8 | €134,012 | €5,054 | -€128,958 | -96.2% |
| Gross operating margin | 9900 | €4,000 | €145,016 | +€141,016 | +3525.7% |
| Operating profit (loss) | 9901 | -€148,155 | €61,558 | +€209,713 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -95.9% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -95.9% |
| Financial charges | 65/66B | €75,800 | €84,691 | +€8,891 | +11.7% |
| Recurring financial charges | 65 | €75,800 | €84,691 | +€8,891 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€223,952 | -€23,133 | +€200,819 | +89.7% |
| Profit (loss) for the period | 9904 | -€223,952 | -€23,133 | +€200,819 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€223,952 | -€23,133 | +€200,819 | +89.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.