Heneno: 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.
Heneno
Largest movements
- Cash +€13,502
up €13,502 (+10.1%), from €133,638 to €147,141
mainly Net result for the year (+€8,837) and Tax, wage and social debts (+€4,976)
- Deferred charges and accrued income +€2,279
new in 2025: €2,279
- Reserves +€8,837
up €8,837 (+8.8%), from €100,903 to €109,739
- Tax, wage and social debts +€4,976
up €4,976 (+14.0%), from €35,508 to €40,485
of which Taxes: +€4,976
- Gross operating margin -€61,494
down €61,494 (-78.3%), from €78,558 to €17,064
- Taxes -€16,198
down €16,198 (-77.5%), from €20,901 to €4,703
- Financial charges -€862
down €862 (-37.1%), from €2,324 to €1,462
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 | €142,195 | €156,373 | +€14,179 | +10.0% |
| Fixed assets | 21/28 | €7,395 | €6,351 | -€1,044 | -14.1% |
| Tangible fixed assets | 22/27 | €7,395 | €6,351 | -€1,044 | -14.1% |
| Land and buildings | 22 | €4,199 | €3,733 | -€465 | -11.1% |
| Plant, machinery and equipment | 23 | €1,951 | €1,848 | -€103 | -5.3% |
| Furniture and vehicles | 24 | €1,245 | €770 | -€476 | -38.2% |
| Current assets | 29/58 | €134,800 | €150,023 | +€15,223 | +11.3% |
| Amounts receivable within one year | 40/41 | €1,161 | €604 | -€558 | -48.0% |
| Trade receivables | 40 | €1,157 | €604 | -€553 | -47.8% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €133,638 | €147,141 | +€13,502 | +10.1% |
| Deferred charges and accrued income | 490/1 | - | €2,279 | +€2,279 | |
| Total equity and liabilities | 10/49 | €142,195 | €156,373 | +€14,179 | +10.0% |
| Equity | 10/15 | €103,903 | €112,739 | +€8,837 | +8.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,903 | €109,739 | +€8,837 | +8.8% |
| Distributable reserves | 133 | €100,903 | €109,739 | +€8,837 | +8.8% |
| Amounts payable | 17/49 | €38,292 | €43,634 | +€5,342 | +14.0% |
| Amounts payable within one year | 42/48 | €37,608 | €43,634 | +€6,026 | +16.0% |
| Trade debts | 44 | €1,989 | €2,989 | +€1,001 | +50.3% |
| Suppliers | 440/4 | €1,989 | €2,989 | +€1,001 | +50.3% |
| Taxes, remuneration and social security | 45 | €35,508 | €40,485 | +€4,976 | +14.0% |
| Taxes | 450/3 | €32,508 | €37,485 | +€4,976 | +15.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €111 | €160 | +€49 | +44.1% |
| Accrued charges and deferred income | 492/3 | €684 | - | -€684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €1,044 | +€179 | +20.7% |
| Other operating charges | 640/8 | €373 | €1,020 | +€648 | +173.9% |
| Gross operating margin | 9900 | €78,558 | €17,064 | -€61,494 | -78.3% |
| Operating profit (loss) | 9901 | €77,321 | €15,000 | -€62,321 | -80.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,324 | €1,462 | -€862 | -37.1% |
| Recurring financial charges | 65 | €2,324 | €1,462 | -€862 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €74,997 | €13,540 | -€61,456 | -81.9% |
| Income taxes | 67/77 | €20,901 | €4,703 | -€16,198 | -77.5% |
| Profit (loss) for the period | 9904 | €54,095 | €8,837 | -€45,258 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,095 | €8,837 | -€45,258 | -83.7% |
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 7 October 2026 via checked.be.