HENKES & CO: what changed
What changed
HENKES & CO
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€4.8m
2025 · €1.6m+€3.2m
Equity
€34.8m
2025 · €30.2m+€4.6m
Cash
€493,237
2025 · €2.6m-€2.1m
Balance sheet total
€36.9m
2025 · €31.0m+€5.9m
Largest movements
Assets
- Current investments +€7.0m
up €7.0m (+42.5%), from €16.6m to €23.6m
- Cash -€2.1m
down €2.1m (-80.7%), from €2.6m to €493,237
mainly Current investments (-€7.0m) and Receivables within one year (-€900,821)
- Receivables within one year +€900,821
up €900,821 (+133%), from €676,578 to €1.6m
of which Other amounts receivable: +€971,250
- Tangible fixed assets +€608,618
up €608,618 (+23.5%), from €2.6m to €3.2m
of which Land and buildings: +€629,312
- Financial fixed assets -€503,862
down €503,862 (-8.5%), from €5.9m to €5.4m
Equity and liabilities
- Profit (loss) carried forward +€4.6m
up €4.6m (+16.2%), from €28.7m to €33.3m
- Accrued charges and deferred income +€1.4m
up €1.4m (+63,065%), from €2,176 to €1.4m
Income statement
- Financial income +€2.0m
up €2.0m (+45.9%), from €4.3m to €6.3m
of which Non-recurring financial income: +€4.3m
- Taxes -€806,075
down €806,075 (-95.2%), from €846,492 to €40,417
- Financial charges -€743,837
down €743,837 (-47.5%), from €1.6m to €822,394
of which Financial charges: -€1.2m
- Gross operating margin -€269,505
down €269,505 (-478%), from -€56,361 to -€325,866
- Depreciation +€47,123
up €47,123 (+28.2%), from €166,923 to €214,046
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€1.6m
Gross operating margin
-€269,505
Depreciation
-€47,123
Other operating charges
-€34,826
Financial income
+€2.0m
Financial charges
+€743,837
Taxes
+€806,075
Result 2026
€4.8m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.5m
Investment
-€7.4m
Financing
-€170,000
Cash 2025
€2.6m
From operations (derived)
+€5.5m
Net result for the year
+€4.8m
Depreciation
+€214,046
Receivables after one year
+€111,336
Receivables within one year
-€900,821
Smaller working-capital items
+€6,236
Provisions
-€17,587
Trade debts
-€99,387
Tax, wage and social debts
-€30,204
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€7.4m
Investment in fixed assets (net)
-€318,802
Current investments
-€7.0m
Financing
-€170,000
Contributions, distributions and other
-€170,000
Cash 2026
€493,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,015,698 | €36,871,462 | +€5.9m | +18.9% |
| Fixed assets | 21/28 | €8,529,650 | €8,634,406 | +€104,756 | +1.2% |
| Tangible fixed assets | 22/27 | €2,585,236 | €3,193,854 | +€608,618 | +23.5% |
| Land and buildings | 22 | €2,476,815 | €3,106,127 | +€629,312 | +25.4% |
| Plant, machinery and equipment | 23 | €7,754 | €4,835 | -€2,919 | -37.6% |
| Furniture and vehicles | 24 | €100,668 | €62,914 | -€37,753 | -37.5% |
| Assets under construction and advance payments | 27 | - | €19,978 | +€19,978 | |
| Financial fixed assets | 28 | €5,944,414 | €5,440,552 | -€503,862 | -8.5% |
| Current assets | 29/58 | €22,486,048 | €28,237,056 | +€5.8m | +25.6% |
| Amounts receivable after more than one year | 29 | €2,561,336 | €2,450,000 | -€111,336 | -4.3% |
| Other amounts receivable | 291 | €2,561,336 | €2,450,000 | -€111,336 | -4.3% |
| Amounts receivable within one year | 40/41 | €676,578 | €1,577,399 | +€900,821 | +133% |
| Trade receivables | 40 | €71,005 | €576 | -€70,429 | -99.2% |
| Other amounts receivable | 41 | €605,573 | €1,576,823 | +€971,250 | +160% |
| Current investments | 50/53 | €16,552,753 | €23,585,334 | +€7.0m | +42.5% |
| Cash at bank and in hand | 54/58 | €2,558,154 | €493,237 | -€2.1m | -80.7% |
| Deferred charges and accrued income | 490/1 | €137,227 | €131,086 | -€6,141 | -4.5% |
| Total equity and liabilities | 10/49 | €31,015,698 | €36,871,462 | +€5.9m | +18.9% |
| Equity | 10/15 | €30,212,006 | €34,842,299 | +€4.6m | +15.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,047,770 | €1,047,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €997,770 | €997,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,664,236 | €33,294,529 | +€4.6m | +16.2% |
| Provisions and deferred taxes | 16 | €455,960 | €438,373 | -€17,587 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €455,960 | €438,373 | -€17,587 | -3.9% |
| Other liabilities and charges | 164/5 | €455,960 | €438,373 | -€17,587 | -3.9% |
| Amounts payable | 17/49 | €347,731 | €1,590,790 | +€1.2m | +357% |
| Amounts payable within one year | 42/48 | €345,555 | €216,059 | -€129,496 | -37.5% |
| Trade debts | 44 | €113,169 | €13,781 | -€99,387 | -87.8% |
| Suppliers | 440/4 | €113,169 | €13,781 | -€99,387 | -87.8% |
| Taxes, remuneration and social security | 45 | €62,386 | €32,182 | -€30,204 | -48.4% |
| Taxes | 450/3 | €62,386 | €32,182 | -€30,204 | -48.4% |
| Other amounts payable | 47/48 | €170,000 | €170,095 | +€95 | +0.1% |
| Accrued charges and deferred income | 492/3 | €2,176 | €1,374,731 | +€1.4m | +63,065% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,923 | €214,046 | +€47,123 | +28.2% |
| Other operating charges | 640/8 | €13,656 | €48,481 | +€34,826 | +255% |
| Gross operating margin | 9900 | -€56,361 | -€325,866 | -€269,505 | -478% |
| Operating profit (loss) | 9901 | -€236,940 | -€588,393 | -€351,454 | -148% |
| Financial income | 75/76B | €4,284,513 | €6,251,497 | +€2.0m | +45.9% |
| Recurring financial income | 75 | €4,284,513 | €1,936,889 | -€2.3m | -54.8% |
| Non-recurring financial income | 76B | - | €4,314,607 | +€4.3m | |
| Financial charges | 65/66B | €1,566,231 | €822,394 | -€743,837 | -47.5% |
| Recurring financial charges | 65 | €1,495,336 | €293,236 | -€1.2m | -80.4% |
| Non-recurring financial charges | 66B | €70,896 | €529,158 | +€458,262 | +646% |
| Profit (loss) for the period before taxes | 9903 | €2,481,342 | €4,840,709 | +€2.4m | +95.1% |
| Income taxes | 67/77 | €846,492 | €40,417 | -€806,075 | -95.2% |
| Profit (loss) for the period | 9904 | €1,634,850 | €4,800,292 | +€3.2m | +194% |
| Transfer to tax-exempt reserves | 689 | €997,770 | - | -€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €637,080 | €4,800,292 | +€4.2m | +653% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.