HENJO: 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.
HENJO
Largest movements
- Cash +€45,621
up €45,621 (+86.3%), from €52,873 to €98,494
mainly Net result for the year (+€65,698)
- Receivables within one year +€14,407
up €14,407 (+85.1%), from €16,929 to €31,336
of which Trade receivables: +€14,565
- Reserves +€65,698
up €65,698 (+133.9%), from €49,068 to €114,766
- Tax, wage and social debts -€3,361
down €3,361 (-32.5%), from €10,340 to €6,979
of which Remuneration and social security: -€1,800
- Gross operating margin +€20,975
up €20,975 (+33.6%), from €62,389 to €83,364
- Taxes +€4,414
up €4,414 (+34.8%), from €12,693 to €17,107
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 | €69,802 | €130,572 | +€60,770 | +87.1% |
| Current assets | 29/58 | €69,802 | €130,572 | +€60,770 | +87.1% |
| Amounts receivable within one year | 40/41 | €16,929 | €31,336 | +€14,407 | +85.1% |
| Trade receivables | 40 | €16,772 | €31,336 | +€14,565 | +86.8% |
| Other amounts receivable | 41 | €158 | - | -€158 | |
| Cash at bank and in hand | 54/58 | €52,873 | €98,494 | +€45,621 | +86.3% |
| Deferred charges and accrued income | 490/1 | - | €741 | +€741 | |
| Total equity and liabilities | 10/49 | €69,802 | €130,572 | +€60,770 | +87.1% |
| Equity | 10/15 | €54,068 | €119,766 | +€65,698 | +121.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,068 | €114,766 | +€65,698 | +133.9% |
| Distributable reserves | 133 | €49,068 | €114,766 | +€65,698 | +133.9% |
| Amounts payable | 17/49 | €15,734 | €10,806 | -€4,928 | -31.3% |
| Amounts payable within one year | 42/48 | €15,734 | €10,806 | -€4,928 | -31.3% |
| Trade debts | 44 | €1,894 | €771 | -€1,124 | -59.3% |
| Suppliers | 440/4 | €1,894 | €771 | -€1,124 | -59.3% |
| Taxes, remuneration and social security | 45 | €10,340 | €6,979 | -€3,361 | -32.5% |
| Taxes | 450/3 | €8,540 | €6,979 | -€1,561 | -18.3% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €3,500 | €3,057 | -€443 | -12.7% |
| Other operating charges | 640/8 | €566 | €518 | -€48 | -8.4% |
| Gross operating margin | 9900 | €62,389 | €83,364 | +€20,975 | +33.6% |
| Operating profit (loss) | 9901 | €61,823 | €82,846 | +€21,022 | +34.0% |
| Financial charges | 65/66B | €62 | €40 | -€22 | -34.8% |
| Recurring financial charges | 65 | €62 | €40 | -€22 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €61,761 | €82,805 | +€21,044 | +34.1% |
| Income taxes | 67/77 | €12,693 | €17,107 | +€4,414 | +34.8% |
| Profit (loss) for the period | 9904 | €49,068 | €65,698 | +€16,630 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,068 | €65,698 | +€16,630 | +33.9% |
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.