Hengstenpoel: 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.
Hengstenpoel
Largest movements
- Tangible fixed assets -€438
down €438 (-33.3%), from €1,313 to €875
- Short-term financial debts -€1,204
down €1,204 (-24.2%), from €4,985 to €3,781
- Accrued charges and deferred income +€1,074
up €1,074 (+61.0%), from €1,760 to €2,834
- Trade debts +€975
up €975 (+143%), from €682 to €1,658
- Profit (loss) carried forward -€850
down €850 (-1.0%), from -€85,155 to -€86,005
- Other debts -€321
down €321 (-0.7%), from €43,091 to €42,770
- Gross operating margin -€3,730
down €3,730 (-73.5%), from €5,074 to €1,344
- Other operating charges -€520
down €520 (-42.3%), from €1,228 to €708
- Financial charges -€150
down €150 (-15.1%), from €994 to €844
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,696 | €23,287 | -€409 | -1.7% |
| Fixed assets | 21/28 | €1,313 | €875 | -€438 | -33.3% |
| Tangible fixed assets | 22/27 | €1,313 | €875 | -€438 | -33.3% |
| Land and buildings | 22 | €1,313 | €875 | -€438 | -33.3% |
| Current assets | 29/58 | €22,383 | €22,412 | +€29 | +0.1% |
| Stocks and contracts in progress | 3 | €21,000 | €21,000 | = | 0.0% |
| Stocks | 30/36 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,162 | €1,186 | +€24 | +2.1% |
| Trade receivables | 40 | €1,162 | €1,186 | +€24 | +2.1% |
| Deferred charges and accrued income | 490/1 | €221 | €226 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €23,696 | €23,287 | -€409 | -1.7% |
| Equity | 10/15 | -€27,775 | -€28,624 | -€850 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,780 | €38,780 | = | 0.0% |
| Distributable reserves | 133 | €38,780 | €38,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,155 | -€86,005 | -€850 | -1.0% |
| Amounts payable | 17/49 | €51,471 | €51,911 | +€441 | +0.9% |
| Amounts payable within one year | 42/48 | €49,711 | €49,078 | -€633 | -1.3% |
| Financial debts | 43 | €4,985 | €3,781 | -€1,204 | -24.2% |
| Credit institutions | 430/8 | €4,985 | €3,781 | -€1,204 | -24.2% |
| Trade debts | 44 | €682 | €1,658 | +€975 | +143% |
| Suppliers | 440/4 | €682 | €1,658 | +€975 | +143% |
| Taxes, remuneration and social security | 45 | €953 | €869 | -€83 | -8.7% |
| Taxes | 450/3 | €953 | €869 | -€83 | -8.7% |
| Other amounts payable | 47/48 | €43,091 | €42,770 | -€321 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,760 | €2,834 | +€1,074 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €438 | = | 0.0% |
| Other operating charges | 640/8 | €1,228 | €708 | -€520 | -42.3% |
| Gross operating margin | 9900 | €5,074 | €1,344 | -€3,730 | -73.5% |
| Operating profit (loss) | 9901 | €3,409 | €198 | -€3,211 | -94.2% |
| Financial charges | 65/66B | €994 | €844 | -€150 | -15.1% |
| Recurring financial charges | 65 | €994 | €844 | -€150 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €2,415 | -€646 | -€3,061 | |
| Income taxes | 67/77 | €195 | €204 | +€8 | +4.3% |
| Profit (loss) for the period | 9904 | €2,219 | -€850 | -€3,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,219 | -€850 | -€3,069 |
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 27 October 2026 via checked.be.