HENLY: 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.
HENLY
Largest movements
- Cash -€33,316
down €33,316 (-12.3%), from €271,658 to €238,342
mainly Contributions, distributions and other (-€422,536) and Debts after one year (-€43,186)
- Other debts +€236,864
up €236,864 (+163.8%), from €144,599 to €381,463
- Reserves -€224,232
down €224,232 (-53.1%), from €422,536 to €198,304
- Debts after one year -€43,186
down €43,186 (-36.2%), from €119,408 to €76,222
- Gross operating margin +€64,433
up €64,433 (+29.6%), from €217,583 to €282,015
- Taxes +€17,013
up €17,013 (+33.9%), from €50,252 to €67,265
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 | €756,335 | €726,220 | -€30,115 | -4.0% |
| Fixed assets | 21/28 | €462,482 | €462,223 | -€259 | -0.1% |
| Tangible fixed assets | 22/27 | €12,482 | €12,223 | -€259 | -2.1% |
| Furniture and vehicles | 24 | €2,609 | €1,725 | -€885 | -33.9% |
| Other tangible fixed assets | 26 | €9,873 | €10,499 | +€626 | +6.3% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €293,852 | €263,996 | -€29,856 | -10.2% |
| Amounts receivable within one year | 40/41 | €20,490 | €21,854 | +€1,364 | +6.7% |
| Trade receivables | 40 | €20,490 | €21,854 | +€1,364 | +6.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €271,658 | €238,342 | -€33,316 | -12.3% |
| Deferred charges and accrued income | 490/1 | €1,704 | €3,800 | +€2,097 | +123.1% |
| Total equity and liabilities | 10/49 | €756,335 | €726,220 | -€30,115 | -4.0% |
| Equity | 10/15 | €425,536 | €201,304 | -€224,232 | -52.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €422,536 | €198,304 | -€224,232 | -53.1% |
| Distributable reserves | 133 | €422,536 | €198,304 | -€224,232 | -53.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €330,799 | €524,916 | +€194,117 | +58.7% |
| Amounts payable after more than one year | 17 | €119,408 | €76,222 | -€43,186 | -36.2% |
| Financial debts | 170/4 | €119,408 | €76,222 | -€43,186 | -36.2% |
| Amounts payable within one year | 42/48 | €200,514 | €442,157 | +€241,642 | +120.5% |
| Current portion of amounts payable after more than one year | 42 | €42,920 | €43,186 | +€266 | +0.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,026 | €2,050 | +€24 | +1.2% |
| Suppliers | 440/4 | €2,026 | €2,050 | +€24 | +1.2% |
| Taxes, remuneration and social security | 45 | €10,969 | €15,457 | +€4,489 | +40.9% |
| Taxes | 450/3 | €10,969 | €15,457 | +€4,489 | +40.9% |
| Other amounts payable | 47/48 | €144,599 | €381,463 | +€236,864 | +163.8% |
| Accrued charges and deferred income | 492/3 | €10,877 | €6,538 | -€4,339 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,757 | €2,410 | +€653 | +37.2% |
| Other operating charges | 640/8 | €579 | €761 | +€182 | +31.4% |
| Gross operating margin | 9900 | €217,583 | €282,015 | +€64,433 | +29.6% |
| Operating profit (loss) | 9901 | €215,246 | €278,844 | +€63,598 | +29.5% |
| Financial charges | 65/66B | €14,653 | €13,275 | -€1,377 | -9.4% |
| Recurring financial charges | 65 | €14,653 | €13,275 | -€1,377 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €200,594 | €265,569 | +€64,975 | +32.4% |
| Income taxes | 67/77 | €50,252 | €67,265 | +€17,013 | +33.9% |
| Profit (loss) for the period | 9904 | €150,341 | €198,304 | +€47,962 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,341 | €198,304 | +€47,962 | +31.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.