Hengo: 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.
Hengo
Largest movements
- Current investments -€8,416
down €8,416 (-8.5%), from €99,384 to €90,968
- Cash -€5,012
down €5,012 (-41.6%), from €12,059 to €7,047
mainly Contributions, distributions and other (-€22,810) and Other debts (-€4,428)
- Receivables within one year +€3,344
up €3,344 (+34.6%), from €9,675 to €13,019
of which Trade receivables: +€6,699
- Reserves -€8,046
down €8,046 (-10.2%), from €78,650 to €70,604
- Other debts -€4,428
down €4,428 (-16.1%), from €27,550 to €23,122
- Tax, wage and social debts +€2,679
up €2,679 (+66.2%), from €4,045 to €6,724
- Trade debts +€1,619
up €1,619 (+195%), from €832 to €2,451
- Gross operating margin +€6,877
up €6,877 (+29.2%), from €23,580 to €30,458
- Taxes +€2,976
up €2,976 (+49.7%), from €5,993 to €8,970
- Financial income +€1,191
up €1,191 (+396,913%), from €0 to €1,191
- Depreciation +€702
up €702 (+36.5%), from €1,924 to €2,627
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.
Derived cash bridge
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 | €129,677 | €121,502 | -€8,175 | -6.3% |
| Fixed assets | 21/28 | €7,196 | €8,300 | +€1,104 | +15.3% |
| Tangible fixed assets | 22/27 | €7,196 | €8,300 | +€1,104 | +15.3% |
| Furniture and vehicles | 24 | €7,196 | €8,300 | +€1,104 | +15.3% |
| Current assets | 29/58 | €122,481 | €113,202 | -€9,279 | -7.6% |
| Amounts receivable within one year | 40/41 | €9,675 | €13,019 | +€3,344 | +34.6% |
| Trade receivables | 40 | €6,320 | €13,019 | +€6,699 | +106% |
| Other amounts receivable | 41 | €3,354 | - | -€3,354 | |
| Current investments | 50/53 | €99,384 | €90,968 | -€8,416 | -8.5% |
| Cash at bank and in hand | 54/58 | €12,059 | €7,047 | -€5,012 | -41.6% |
| Deferred charges and accrued income | 490/1 | €1,363 | €2,168 | +€804 | +59.0% |
| Total equity and liabilities | 10/49 | €129,677 | €121,502 | -€8,175 | -6.3% |
| Equity | 10/15 | €97,250 | €89,204 | -€8,046 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,650 | €70,604 | -€8,046 | -10.2% |
| Distributable reserves | 133 | €78,650 | €70,604 | -€8,046 | -10.2% |
| Amounts payable | 17/49 | €32,427 | €32,298 | -€129 | -0.4% |
| Amounts payable within one year | 42/48 | €32,427 | €32,298 | -€129 | -0.4% |
| Trade debts | 44 | €832 | €2,451 | +€1,619 | +195% |
| Suppliers | 440/4 | €832 | €2,451 | +€1,619 | +195% |
| Taxes, remuneration and social security | 45 | €4,045 | €6,724 | +€2,679 | +66.2% |
| Taxes | 450/3 | €4,045 | €6,724 | +€2,679 | +66.2% |
| Other amounts payable | 47/48 | €27,550 | €23,122 | -€4,428 | -16.1% |
| Non-recurring operating income | 76A | €8,260 | - | -€8,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,924 | €2,627 | +€702 | +36.5% |
| Other operating charges | 640/8 | €712 | €657 | -€55 | -7.7% |
| Non-recurring operating charges | 66A | - | €4,596 | +€4,596 | |
| Gross operating margin | 9900 | €23,580 | €30,458 | +€6,877 | +29.2% |
| Operating profit (loss) | 9901 | €20,944 | €22,578 | +€1,634 | +7.8% |
| Financial income | 75/76B | €0 | €1,191 | +€1,191 | +396,913% |
| Recurring financial income | 75 | €0 | €1,191 | +€1,191 | +396,913% |
| Financial charges | 65/66B | €102 | €35 | -€66 | -65.2% |
| Recurring financial charges | 65 | €102 | €35 | -€66 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €20,843 | €23,734 | +€2,891 | +13.9% |
| Income taxes | 67/77 | €5,993 | €8,970 | +€2,976 | +49.7% |
| Profit (loss) for the period | 9904 | €14,849 | €14,764 | -€85 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,849 | €14,764 | -€85 | -0.6% |
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 24 October 2026 via checked.be.