HENGSTPOEL: 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.
HENGSTPOEL
Largest movements
- Tangible fixed assets -€6,878
down €6,878 (-3.6%), from €190,962 to €184,084
- Debts after one year -€16,661
down €16,661 (-48.6%), from €34,258 to €17,597
- Reserves +€7,548
up €7,548 (+22.6%), from €33,347 to €40,895
of which Distributable reserves: +€7,548
- Gross operating margin -€4,894
down €4,894 (-19.6%), from €24,999 to €20,105
- Depreciation -€2,632
down €2,632 (-27.7%), from €9,511 to €6,878
- Taxes +€1,150
new in 2025: €1,150
- Other operating charges -€853
down €853 (-22.2%), from €3,850 to €2,997
- Financial charges -€457
down €457 (-22.9%), from €1,991 to €1,535
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 | €204,206 | €196,092 | -€8,114 | -4.0% |
| Fixed assets | 21/28 | €191,687 | €184,808 | -€6,878 | -3.6% |
| Tangible fixed assets | 22/27 | €190,962 | €184,084 | -€6,878 | -3.6% |
| Land and buildings | 22 | €190,962 | €184,084 | -€6,878 | -3.6% |
| Financial fixed assets | 28 | €725 | €725 | = | 0.0% |
| Current assets | 29/58 | €12,519 | €11,283 | -€1,235 | -9.9% |
| Amounts receivable within one year | 40/41 | €12,005 | €10,855 | -€1,149 | -9.6% |
| Other amounts receivable | 41 | €12,005 | €10,855 | -€1,149 | -9.6% |
| Cash at bank and in hand | 54/58 | €514 | €428 | -€86 | -16.7% |
| Total equity and liabilities | 10/49 | €204,206 | €196,092 | -€8,114 | -4.0% |
| Equity | 10/15 | €148,082 | €155,630 | +€7,548 | +5.1% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | €67,000 | = | 0.0% |
| Issued capital | 100 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €33,347 | €40,895 | +€7,548 | +22.6% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Legal reserve | 130 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €26,647 | €34,195 | +€7,548 | +28.3% |
| Profit (loss) carried forward | 14 | €47,735 | €47,735 | = | 0.0% |
| Amounts payable | 17/49 | €56,123 | €40,462 | -€15,662 | -27.9% |
| Amounts payable after more than one year | 17 | €34,258 | €17,597 | -€16,661 | -48.6% |
| Financial debts | 170/4 | €34,258 | €17,597 | -€16,661 | -48.6% |
| Amounts payable within one year | 42/48 | €21,865 | €22,865 | +€1,000 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €15,776 | €16,661 | +€886 | +5.6% |
| Financial debts | 43 | €3,314 | €3,746 | +€432 | +13.0% |
| Credit institutions | 430/8 | €3,314 | €3,746 | +€432 | +13.0% |
| Other amounts payable | 47/48 | €2,776 | €2,457 | -€318 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,511 | €6,878 | -€2,632 | -27.7% |
| Other operating charges | 640/8 | €3,850 | €2,997 | -€853 | -22.2% |
| Gross operating margin | 9900 | €24,999 | €20,105 | -€4,894 | -19.6% |
| Operating profit (loss) | 9901 | €11,638 | €10,229 | -€1,409 | -12.1% |
| Financial income | 75/76B | €16 | €4 | -€12 | -77.6% |
| Recurring financial income | 75 | €16 | €4 | -€12 | -77.6% |
| Financial charges | 65/66B | €1,991 | €1,535 | -€457 | -22.9% |
| Recurring financial charges | 65 | €1,991 | €1,535 | -€457 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €9,663 | €8,698 | -€965 | -10.0% |
| Income taxes | 67/77 | - | €1,150 | +€1,150 | |
| Profit (loss) for the period | 9904 | €9,663 | €7,548 | -€2,115 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,663 | €7,548 | -€2,115 | -21.9% |
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 22 October 2026 via checked.be.