HENET: 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.
What changed
HENET
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€22,280
2024 · -€87,020+€64,740
Equity
€650,081
2024 · €681,983-€31,902
Cash
€3,613
2024 · €4,283-€670
Balance sheet total
€1.5m
2024 · €1.6m-€66,095
Largest movements
Assets
- Tangible fixed assets -€72,313
down €72,313 (-4.5%), from €1.6m to €1.5m
of which Land and buildings: -€62,143
Equity and liabilities
- Debts after one year -€32,351
down €32,351 (-3.8%), from €854,870 to €822,519
of which Financial debts: -€31,751
- Profit (loss) carried forward -€22,280
down €22,280 (-10.6%), from -€210,827 to -€233,108
Income statement
- Gross operating margin +€71,888
up €71,888 (+556.8%), from €12,912 to €84,800
- Financial charges +€3,652
up €3,652 (+12.9%), from €28,409 to €32,061
- Depreciation +€2,871
up €2,871 (+3.7%), from €78,039 to €80,909
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.
Result 2024
-€87,020
Gross operating margin
+€71,888
Depreciation
-€2,871
Other operating charges
-€574
Financial income
+€0
Financial charges
-€3,652
Taxes
-€52
Result 2025
-€22,280
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.
From operations
+€44,534
Investment
-€6,141
Financing
-€39,062
Cash 2024
€4,283
From operations (derived)
+€44,534
Net result for the year
-€22,280
Depreciation
+€80,909
Receivables within one year
-€8,071
Deferred charges and accrued income
-€1,271
Trade debts
-€3,737
Tax, wage and social debts
+€3,291
Other debts
-€7,051
Accrued charges and deferred income
+€2,744
Investment (derived)
-€6,141
Investment in fixed assets (net)
-€6,146
Current investments
+€5
Financing
-€39,062
Debts after one year
-€32,351
Current portion of long-term debt
+€2,910
Contributions, distributions and other
-€9,622
Cash 2025
€3,613
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,609,025 | €1,542,930 | -€66,095 | -4.1% |
| Fixed assets | 21/28 | €1,600,615 | €1,525,852 | -€74,763 | -4.7% |
| Intangible fixed assets | 21 | €3,910 | €1,460 | -€2,450 | -62.7% |
| Tangible fixed assets | 22/27 | €1,596,705 | €1,524,392 | -€72,313 | -4.5% |
| Land and buildings | 22 | €1,552,868 | €1,490,724 | -€62,143 | -4.0% |
| Furniture and vehicles | 24 | €43,837 | €33,667 | -€10,170 | -23.2% |
| Current assets | 29/58 | €8,410 | €17,078 | +€8,668 | +103.1% |
| Amounts receivable within one year | 40/41 | €3,359 | €11,431 | +€8,071 | +240.3% |
| Trade receivables | 40 | €3,273 | €10,883 | +€7,610 | +232.5% |
| Other amounts receivable | 41 | €86 | €548 | +€462 | +535.1% |
| Current investments | 50/53 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €4,283 | €3,613 | -€670 | -15.6% |
| Deferred charges and accrued income | 490/1 | €763 | €2,034 | +€1,271 | +166.5% |
| Total equity and liabilities | 10/49 | €1,609,025 | €1,542,930 | -€66,095 | -4.1% |
| Equity | 10/15 | €681,983 | €650,081 | -€31,902 | -4.7% |
| Contributions | 10/11 | €710,000 | €710,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,827 | -€233,108 | -€22,280 | -10.6% |
| Investment grants | 15 | €182,810 | €173,189 | -€9,622 | -5.3% |
| Amounts payable | 17/49 | €927,042 | €892,849 | -€34,193 | -3.7% |
| Amounts payable after more than one year | 17 | €854,870 | €822,519 | -€32,351 | -3.8% |
| Financial debts | 170/4 | €851,370 | €819,619 | -€31,751 | -3.7% |
| Other amounts payable | 178/9 | €3,500 | €2,900 | -€600 | -17.1% |
| Amounts payable within one year | 42/48 | €72,172 | €67,586 | -€4,586 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €31,017 | €33,927 | +€2,910 | +9.4% |
| Trade debts | 44 | €7,700 | €3,963 | -€3,737 | -48.5% |
| Suppliers | 440/4 | €7,700 | €3,963 | -€3,737 | -48.5% |
| Taxes, remuneration and social security | 45 | €986 | €4,277 | +€3,291 | +333.9% |
| Taxes | 450/3 | €975 | €4,277 | +€3,302 | +338.5% |
| Remuneration and social security | 454/9 | €10 | - | -€10 | |
| Other amounts payable | 47/48 | €32,469 | €25,419 | -€7,051 | -21.7% |
| Accrued charges and deferred income | 492/3 | - | €2,744 | +€2,744 | |
| Non-recurring operating income | 76A | - | €2,692 | +€2,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,039 | €80,909 | +€2,871 | +3.7% |
| Other operating charges | 640/8 | €3,003 | €3,576 | +€574 | +19.1% |
| Gross operating margin | 9900 | €12,912 | €84,800 | +€71,888 | +556.8% |
| Operating profit (loss) | 9901 | -€68,129 | €315 | +€68,444 | |
| Financial income | 75/76B | €9,622 | €9,622 | +€0 | 0.0% |
| Recurring financial income | 75 | €9,622 | €9,622 | +€0 | 0.0% |
| Financial charges | 65/66B | €28,409 | €32,061 | +€3,652 | +12.9% |
| Recurring financial charges | 65 | €28,409 | €32,061 | +€3,652 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€86,917 | -€22,125 | +€64,792 | +74.5% |
| Income taxes | 67/77 | €103 | €155 | +€52 | +50.3% |
| Profit (loss) for the period | 9904 | -€87,020 | -€22,280 | +€64,740 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,020 | -€22,280 | +€64,740 | +74.4% |
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 3 October 2026 via checked.be.