HENIN DAMES: 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.
HENIN DAMES
Largest movements
- Tangible fixed assets -€24,020
down €24,020 (-9.3%), from €257,204 to €233,184
of which Land and buildings: -€12,422
- Cash +€8,506
up €8,506 (+38.3%), from €22,207 to €30,713
mainly Depreciation (+€24,020) and Other debts (+€10,000)
- Receivables within one year +€5,544
up €5,544 (+2961.1%), from €187 to €5,732
- Other debts +€10,000
up €10,000 (+10.2%), from €98,267 to €108,267
- Current portion of long-term debt -€9,363
down €9,363 (-65.6%), from €14,277 to €4,914
- Reserves -€7,268
down €7,268 (-43.2%), from €16,828 to €9,560
of which Distributable reserves: -€7,268
- Profit (loss) carried forward -€6,106
down €6,106 (-3.6%), from €170,465 to €164,358
- Debts after one year -€4,914
no longer reported in 2025 (was €4,914)
- Gross operating margin -€15,897
down €15,897 (-23.1%), from €68,865 to €52,968
- Taxes -€3,643
no longer reported in 2025 (was €3,643)
- Financial charges -€2,198
down €2,198 (-68.5%), from €3,208 to €1,010
of which Non-recurring financial charges: -€1,351
- Staff costs +€2,059
up €2,059 (+6.4%), from €32,101 to €34,160
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 | €378,388 | €362,449 | -€15,939 | -4.2% |
| Fixed assets | 21/28 | €257,229 | €233,209 | -€24,020 | -9.3% |
| Tangible fixed assets | 22/27 | €257,204 | €233,184 | -€24,020 | -9.3% |
| Land and buildings | 22 | €213,591 | €201,169 | -€12,422 | -5.8% |
| Furniture and vehicles | 24 | €43,614 | €32,016 | -€11,598 | -26.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €121,158 | €129,240 | +€8,081 | +6.7% |
| Stocks and contracts in progress | 3 | €94,368 | €90,757 | -€3,611 | -3.8% |
| Stocks | 30/36 | €94,368 | €90,757 | -€3,611 | -3.8% |
| Amounts receivable within one year | 40/41 | €187 | €5,732 | +€5,544 | +2961.1% |
| Trade receivables | 40 | €187 | €5,732 | +€5,544 | +2961.1% |
| Cash at bank and in hand | 54/58 | €22,207 | €30,713 | +€8,506 | +38.3% |
| Deferred charges and accrued income | 490/1 | €4,396 | €2,039 | -€2,357 | -53.6% |
| Total equity and liabilities | 10/49 | €378,388 | €362,449 | -€15,939 | -4.2% |
| Equity | 10/15 | €249,293 | €235,918 | -€13,374 | -5.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €16,828 | €9,560 | -€7,268 | -43.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €10,628 | €3,360 | -€7,268 | -68.4% |
| Profit (loss) carried forward | 14 | €170,465 | €164,358 | -€6,106 | -3.6% |
| Amounts payable | 17/49 | €129,095 | €126,531 | -€2,565 | -2.0% |
| Amounts payable after more than one year | 17 | €4,914 | - | -€4,914 | |
| Financial debts | 170/4 | €4,914 | - | -€4,914 | |
| Amounts payable within one year | 42/48 | €121,004 | €125,948 | +€4,943 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €14,277 | €4,914 | -€9,363 | -65.6% |
| Trade debts | 44 | €651 | €4,052 | +€3,401 | +522.7% |
| Suppliers | 440/4 | €651 | €4,052 | +€3,401 | +522.7% |
| Taxes, remuneration and social security | 45 | €7,810 | €8,715 | +€905 | +11.6% |
| Taxes | 450/3 | €3,982 | €2,450 | -€1,532 | -38.5% |
| Remuneration and social security | 454/9 | €3,828 | €6,265 | +€2,437 | +63.7% |
| Other amounts payable | 47/48 | €98,267 | €108,267 | +€10,000 | +10.2% |
| Accrued charges and deferred income | 492/3 | €3,177 | €583 | -€2,594 | -81.7% |
| Remuneration, social security and pensions | 62 | €32,101 | €34,160 | +€2,059 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,352 | €24,020 | -€332 | -1.4% |
| Other operating charges | 640/8 | €2,866 | €3,200 | +€334 | +11.7% |
| Gross operating margin | 9900 | €68,865 | €52,968 | -€15,897 | -23.1% |
| Operating profit (loss) | 9901 | €9,546 | -€8,413 | -€17,959 | |
| Financial income | 75/76B | €4,573 | €4,706 | +€133 | +2.9% |
| Recurring financial income | 75 | €4,573 | €4,706 | +€133 | +2.9% |
| Financial charges | 65/66B | €3,208 | €1,010 | -€2,198 | -68.5% |
| Recurring financial charges | 65 | €1,855 | €1,008 | -€846 | -45.6% |
| Non-recurring financial charges | 66B | €1,353 | €2 | -€1,351 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €10,911 | -€4,717 | -€15,628 | |
| Income taxes | 67/77 | €3,643 | - | -€3,643 | |
| Profit (loss) for the period | 9904 | €7,268 | -€4,717 | -€11,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,268 | -€4,717 | -€11,985 |
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 7 October 2026 via checked.be.