HenLeo: 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.
HenLeo
Largest movements
- Cash +€57,939
up €57,939 (+251%), from €23,101 to €81,040
mainly Net result for the year (+€59,328) and Deferred charges and accrued income (+€10,611)
- Receivables within one year +€10,756
up €10,756 (+17,298%), from €62 to €10,818
of which Trade receivables: +€10,818
- Deferred charges and accrued income -€10,611
down €10,611 (-91.5%), from €11,598 to €987
- Tangible fixed assets +€8,044
new in 2025: €8,044
of which Plant, machinery and equipment: +€4,957
- Reserves +€59,328
up €59,328 (+206%), from €28,852 to €88,180
- Trade debts +€4,027
up €4,027 (+888%), from €453 to €4,480
- Tax, wage and social debts +€2,773
up €2,773 (+113%), from €2,455 to €5,229
of which Remuneration and social security: +€2,973
- Gross operating margin +€35,376
up €35,376 (+89.5%), from €39,541 to €74,917
- Taxes +€7,818
up €7,818 (+105%), from €7,438 to €15,256
- Depreciation -€3,048
down €3,048 (-94.4%), from €3,229 to €181
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 | €34,761 | €100,889 | +€66,129 | +190% |
| Fixed assets | 21/28 | - | €8,044 | +€8,044 | |
| Tangible fixed assets | 22/27 | - | €8,044 | +€8,044 | |
| Plant, machinery and equipment | 23 | - | €4,957 | +€4,957 | |
| Furniture and vehicles | 24 | - | €3,087 | +€3,087 | |
| Current assets | 29/58 | €34,761 | €92,845 | +€58,084 | +167% |
| Amounts receivable within one year | 40/41 | €62 | €10,818 | +€10,756 | +17,298% |
| Trade receivables | 40 | - | €10,818 | +€10,818 | |
| Other amounts receivable | 41 | €62 | - | -€62 | |
| Cash at bank and in hand | 54/58 | €23,101 | €81,040 | +€57,939 | +251% |
| Deferred charges and accrued income | 490/1 | €11,598 | €987 | -€10,611 | -91.5% |
| Total equity and liabilities | 10/49 | €34,761 | €100,889 | +€66,129 | +190% |
| Equity | 10/15 | €31,852 | €91,180 | +€59,328 | +186% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,852 | €88,180 | +€59,328 | +206% |
| Distributable reserves | 133 | €28,852 | €88,180 | +€59,328 | +206% |
| Amounts payable | 17/49 | €2,909 | €9,709 | +€6,800 | +234% |
| Amounts payable within one year | 42/48 | €2,909 | €9,709 | +€6,800 | +234% |
| Trade debts | 44 | €453 | €4,480 | +€4,027 | +888% |
| Suppliers | 440/4 | €453 | €4,480 | +€4,027 | +888% |
| Taxes, remuneration and social security | 45 | €2,455 | €5,229 | +€2,773 | +113% |
| Taxes | 450/3 | €455 | €256 | -€200 | -43.8% |
| Remuneration and social security | 454/9 | €2,000 | €4,973 | +€2,973 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,229 | €181 | -€3,048 | -94.4% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €39,541 | €74,917 | +€35,376 | +89.5% |
| Operating profit (loss) | 9901 | €36,312 | €74,636 | +€38,324 | +106% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23 | €53 | +€30 | +133% |
| Recurring financial charges | 65 | €23 | €53 | +€30 | +133% |
| Profit (loss) for the period before taxes | 9903 | €36,290 | €74,584 | +€38,294 | +106% |
| Income taxes | 67/77 | €7,438 | €15,256 | +€7,818 | +105% |
| Profit (loss) for the period | 9904 | €28,852 | €59,328 | +€30,476 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €28,852 | €59,328 | +€30,476 | +106% |
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 14 October 2026 via checked.be.