HENJA: 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.
HENJA
Largest movements
- Receivables within one year +€26,890
up €26,890 (+5.5%), from €490,810 to €517,700
of which Other amounts receivable: +€26,745
- Other debts +€67,091
up €67,091 (+35.7%), from €188,023 to €255,114
- Profit (loss) carried forward -€18,961
down €18,961 (-14.9%), from €127,634 to €108,673
- Debts after one year -€14,947
down €14,947 (-17.0%), from €87,829 to €72,882
- Gross operating margin -€2,959
down €2,959 (-25.7%), from -€11,500 to -€14,460
- Taxes +€1,805
up €1,805, from -€1,190 to €614
- Financial charges -€305
down €305 (-14.8%), from €2,060 to €1,755
- Other operating charges -€149
down €149 (-10.4%), from €1,434 to €1,284
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 | €701,667 | €733,462 | +€31,795 | +4.5% |
| Fixed assets | 21/28 | €11,688 | €10,841 | -€847 | -7.2% |
| Tangible fixed assets | 22/27 | €3,318 | €2,471 | -€847 | -25.5% |
| Plant, machinery and equipment | 23 | €3,318 | €2,471 | -€847 | -25.5% |
| Financial fixed assets | 28 | €8,370 | €8,370 | = | 0.0% |
| Current assets | 29/58 | €689,979 | €722,621 | +€32,642 | +4.7% |
| Stocks and contracts in progress | 3 | €190,513 | €195,875 | +€5,362 | +2.8% |
| Stocks | 30/36 | €190,513 | €195,875 | +€5,362 | +2.8% |
| Amounts receivable within one year | 40/41 | €490,810 | €517,700 | +€26,890 | +5.5% |
| Trade receivables | 40 | €15,682 | €15,827 | +€145 | +0.9% |
| Other amounts receivable | 41 | €475,128 | €501,873 | +€26,745 | +5.6% |
| Current investments | 50/53 | €7,330 | €7,330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24 | €23 | -€0 | -1.3% |
| Deferred charges and accrued income | 490/1 | €1,303 | €1,692 | +€389 | +29.9% |
| Total equity and liabilities | 10/49 | €701,667 | €733,462 | +€31,795 | +4.5% |
| Equity | 10/15 | €400,317 | €381,356 | -€18,961 | -4.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,634 | €108,673 | -€18,961 | -14.9% |
| Amounts payable | 17/49 | €301,350 | €352,106 | +€50,755 | +16.8% |
| Amounts payable after more than one year | 17 | €87,829 | €72,882 | -€14,947 | -17.0% |
| Financial debts | 170/4 | €87,829 | €72,882 | -€14,947 | -17.0% |
| Amounts payable within one year | 42/48 | €213,521 | €279,224 | +€65,702 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €14,718 | €14,947 | +€229 | +1.6% |
| Trade debts | 44 | €10,191 | €8,548 | -€1,643 | -16.1% |
| Suppliers | 440/4 | €10,191 | €8,548 | -€1,643 | -16.1% |
| Taxes, remuneration and social security | 45 | €589 | €614 | +€26 | +4.4% |
| Taxes | 450/3 | €589 | €614 | +€26 | +4.4% |
| Other amounts payable | 47/48 | €188,023 | €255,114 | +€67,091 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €847 | = | 0.0% |
| Other operating charges | 640/8 | €1,434 | €1,284 | -€149 | -10.4% |
| Gross operating margin | 9900 | -€11,500 | -€14,460 | -€2,959 | -25.7% |
| Operating profit (loss) | 9901 | -€13,781 | -€16,591 | -€2,810 | -20.4% |
| Financial charges | 65/66B | €2,060 | €1,755 | -€305 | -14.8% |
| Recurring financial charges | 65 | €2,060 | €1,755 | -€305 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,842 | -€18,346 | -€2,504 | -15.8% |
| Income taxes | 67/77 | -€1,190 | €614 | +€1,805 | |
| Profit (loss) for the period | 9904 | -€14,651 | -€18,961 | -€4,309 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,651 | -€18,961 | -€4,309 | -29.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.