HENKSURIYAN: 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.
HENKSURIYAN
Largest movements
- Tangible fixed assets -€12,612
down €12,612 (-8.4%), from €150,565 to €137,953
of which Land and buildings: -€6,766
- Cash +€5,713
up €5,713 (+60.1%), from €9,511 to €15,224
mainly Depreciation (+€14,757) and Tax, wage and social debts (+€5,555)
- Receivables within one year +€5,624
up €5,624 (+27.6%), from €20,374 to €25,998
of which Other amounts receivable: +€6,790
- Deferred charges and accrued income +€2,352
up €2,352 (+281%), from €837 to €3,189
- Debts after one year -€9,607
down €9,607 (-8.9%), from €107,960 to €98,352
- Tax, wage and social debts +€5,555
up €5,555 (+28.8%), from €19,309 to €24,864
of which Taxes: +€4,293
- Trade debts +€2,834
up €2,834 (+20.0%), from €14,142 to €16,976
- Gross operating margin +€38,029
up €38,029 (+23.3%), from €163,090 to €201,118
- Staff costs +€37,178
up €37,178 (+26.5%), from €140,206 to €177,384
- Depreciation -€4,303
down €4,303 (-22.6%), from €19,061 to €14,757
- Taxes +€2,389
up €2,389 (+474%), from €504 to €2,893
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 | €187,375 | €187,882 | +€507 | +0.3% |
| Fixed assets | 21/28 | €150,565 | €137,953 | -€12,612 | -8.4% |
| Tangible fixed assets | 22/27 | €150,565 | €137,953 | -€12,612 | -8.4% |
| Land and buildings | 22 | €133,366 | €126,600 | -€6,766 | -5.1% |
| Plant, machinery and equipment | 23 | €6,179 | €4,260 | -€1,919 | -31.1% |
| Furniture and vehicles | 24 | €6,182 | €3,687 | -€2,495 | -40.4% |
| Other tangible fixed assets | 26 | €4,837 | €3,406 | -€1,431 | -29.6% |
| Current assets | 29/58 | €36,810 | €49,929 | +€13,119 | +35.6% |
| Stocks and contracts in progress | 3 | €6,088 | €5,517 | -€571 | -9.4% |
| Stocks | 30/36 | €6,088 | €5,517 | -€571 | -9.4% |
| Amounts receivable within one year | 40/41 | €20,374 | €25,998 | +€5,624 | +27.6% |
| Trade receivables | 40 | €1,166 | €0 | -€1,166 | -100% |
| Other amounts receivable | 41 | €19,208 | €25,998 | +€6,790 | +35.3% |
| Cash at bank and in hand | 54/58 | €9,511 | €15,224 | +€5,713 | +60.1% |
| Deferred charges and accrued income | 490/1 | €837 | €3,189 | +€2,352 | +281% |
| Total equity and liabilities | 10/49 | €187,375 | €187,882 | +€507 | +0.3% |
| Equity | 10/15 | €34,474 | €36,149 | +€1,675 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,874 | €17,549 | +€1,675 | +10.6% |
| Distributable reserves | 133 | €15,874 | €17,549 | +€1,675 | +10.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €152,901 | €151,733 | -€1,168 | -0.8% |
| Amounts payable after more than one year | 17 | €107,960 | €98,352 | -€9,607 | -8.9% |
| Financial debts | 170/4 | €107,960 | €98,352 | -€9,607 | -8.9% |
| Amounts payable within one year | 42/48 | €44,910 | €53,381 | +€8,471 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €9,489 | €9,607 | +€118 | +1.2% |
| Financial debts | 43 | €1,970 | €1,933 | -€37 | -1.9% |
| Credit institutions | 430/8 | - | €1,933 | +€1,933 | |
| Other loans | 439 | €1,970 | - | -€1,970 | |
| Trade debts | 44 | €14,142 | €16,976 | +€2,834 | +20.0% |
| Suppliers | 440/4 | €14,142 | €16,976 | +€2,834 | +20.0% |
| Taxes, remuneration and social security | 45 | €19,309 | €24,864 | +€5,555 | +28.8% |
| Taxes | 450/3 | €1,837 | €6,131 | +€4,293 | +234% |
| Remuneration and social security | 454/9 | €17,471 | €18,733 | +€1,262 | +7.2% |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100% |
| Remuneration, social security and pensions | 62 | €140,206 | €177,384 | +€37,178 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,061 | €14,757 | -€4,303 | -22.6% |
| Other operating charges | 640/8 | €3,267 | €1,951 | -€1,317 | -40.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €163,090 | €201,118 | +€38,029 | +23.3% |
| Operating profit (loss) | 9901 | €556 | €7,026 | +€6,470 | +1,164% |
| Financial income | 75/76B | €167 | €842 | +€675 | +404% |
| Recurring financial income | 75 | €167 | €842 | +€675 | +404% |
| Financial charges | 65/66B | €3,385 | €3,300 | -€86 | -2.5% |
| Recurring financial charges | 65 | €3,385 | €3,300 | -€86 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,662 | €4,569 | +€7,231 | |
| Income taxes | 67/77 | €504 | €2,893 | +€2,389 | +474% |
| Profit (loss) for the period | 9904 | -€3,167 | €1,675 | +€4,842 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,167 | €1,675 | +€4,842 |
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 15 October 2026 via checked.be.