HENGEVELD: 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.
HENGEVELD
Largest movements
- Cash +€4,787
up €4,787 (+71.0%), from €6,744 to €11,531
mainly Net result for the year (+€2,681) and Current investments (+€2,565)
- Current investments -€2,565
down €2,565 (-2.3%), from €113,572 to €111,008
- Receivables within one year -€1,592
down €1,592 (-35.5%), from €4,483 to €2,891
of which Trade receivables: -€807
- Reserves +€2,681
up €2,681 (+2.7%), from €98,327 to €101,009
- Financial income -€41,096
down €41,096 (-60.8%), from €67,641 to €26,545
of which Financial income: -€41,096
- Taxes -€10,152
down €10,152 (-57.1%), from €17,786 to €7,634
- Gross operating margin +€7,333
up €7,333, from -€3,339 to €3,995
- Financial charges -€1,992
down €1,992 (-9.5%), from €21,021 to €19,029
- Depreciation +€251
up €251 (+59.2%), from €425 to €676
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 | €125,972 | €127,478 | +€1,506 | +1.2% |
| Fixed assets | 21/28 | €761 | €1,128 | +€367 | +48.2% |
| Tangible fixed assets | 22/27 | €761 | €1,128 | +€367 | +48.2% |
| Furniture and vehicles | 24 | €761 | €1,128 | +€367 | +48.2% |
| Current assets | 29/58 | €125,211 | €126,350 | +€1,139 | +0.9% |
| Amounts receivable within one year | 40/41 | €4,483 | €2,891 | -€1,592 | -35.5% |
| Trade receivables | 40 | €825 | €18 | -€807 | -97.8% |
| Other amounts receivable | 41 | €3,658 | €2,873 | -€785 | -21.5% |
| Current investments | 50/53 | €113,572 | €111,008 | -€2,565 | -2.3% |
| Cash at bank and in hand | 54/58 | €6,744 | €11,531 | +€4,787 | +71.0% |
| Deferred charges and accrued income | 490/1 | €413 | €921 | +€509 | +123.3% |
| Total equity and liabilities | 10/49 | €125,972 | €127,478 | +€1,506 | +1.2% |
| Equity | 10/15 | €116,927 | €119,609 | +€2,681 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,327 | €101,009 | +€2,681 | +2.7% |
| Distributable reserves | 133 | €98,327 | €101,009 | +€2,681 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,044 | €7,869 | -€1,175 | -13.0% |
| Amounts payable within one year | 42/48 | €9,044 | €7,869 | -€1,175 | -13.0% |
| Trade debts | 44 | €998 | €551 | -€447 | -44.8% |
| Suppliers | 440/4 | €998 | €551 | -€447 | -44.8% |
| Taxes, remuneration and social security | 45 | €5,898 | €4,652 | -€1,245 | -21.1% |
| Taxes | 450/3 | €5,898 | €4,652 | -€1,245 | -21.1% |
| Other amounts payable | 47/48 | €2,149 | €2,666 | +€517 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €676 | +€251 | +59.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,339 | €3,995 | +€7,333 | |
| Operating profit (loss) | 9901 | -€4,269 | €2,799 | +€7,068 | |
| Financial income | 75/76B | €67,641 | €26,545 | -€41,096 | -60.8% |
| Recurring financial income | 75 | €67,641 | €26,545 | -€41,096 | -60.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €21,021 | €19,029 | -€1,992 | -9.5% |
| Recurring financial charges | 65 | €21,021 | €19,029 | -€1,992 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €42,352 | €10,315 | -€32,037 | -75.6% |
| Income taxes | 67/77 | €17,786 | €7,634 | -€10,152 | -57.1% |
| Profit (loss) for the period | 9904 | €24,566 | €2,681 | -€21,885 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,566 | €2,681 | -€21,885 | -89.1% |
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 10 October 2026 via checked.be.