Henmar Finance: what changed
Henmar Finance
Largest movements
- Receivables within one year -€52,169
down €52,169 (-58.2%), from €89,674 to €37,505
of which Other amounts receivable: -€47,476
- Cash -€16,558
down €16,558 (-11.0%), from €151,167 to €134,609
mainly Contributions, distributions and other (-€167,134) and Deferred charges and accrued income (-€45)
- Reserves -€84,977
down €84,977 (-37.4%), from €227,348 to €142,371
- Other debts +€12,158
new in 2025: €12,158
- Gross operating margin -€11,621
down €11,621 (-10.0%), from €116,694 to €105,073
- Depreciation -€4,723
down €4,723 (-64.4%), from €7,334 to €2,611
- Financial income +€2,601
up €2,601 (+1,993%), from €131 to €2,731
- Taxes -€1,632
down €1,632 (-7.0%), from €23,353 to €21,721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,828 | €191,536 | -€71,292 | -27.1% |
| Fixed assets | 21/28 | €21,010 | €18,399 | -€2,611 | -12.4% |
| Tangible fixed assets | 22/27 | €21,010 | €18,399 | -€2,611 | -12.4% |
| Furniture and vehicles | 24 | €1,387 | €893 | -€493 | -35.6% |
| Other tangible fixed assets | 26 | €19,623 | €17,506 | -€2,118 | -10.8% |
| Current assets | 29/58 | €241,818 | €173,137 | -€68,681 | -28.4% |
| Amounts receivable within one year | 40/41 | €89,674 | €37,505 | -€52,169 | -58.2% |
| Trade receivables | 40 | €39,540 | €34,848 | -€4,692 | -11.9% |
| Other amounts receivable | 41 | €50,133 | €2,657 | -€47,476 | -94.7% |
| Cash at bank and in hand | 54/58 | €151,167 | €134,609 | -€16,558 | -11.0% |
| Deferred charges and accrued income | 490/1 | €977 | €1,023 | +€45 | +4.6% |
| Total equity and liabilities | 10/49 | €262,828 | €191,536 | -€71,292 | -27.1% |
| Equity | 10/15 | €228,348 | €143,371 | -€84,977 | -37.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €227,348 | €142,371 | -€84,977 | -37.4% |
| Distributable reserves | 133 | €227,348 | €142,371 | -€84,977 | -37.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,480 | €48,165 | +€13,684 | +39.7% |
| Amounts payable within one year | 42/48 | €34,480 | €48,165 | +€13,684 | +39.7% |
| Trade debts | 44 | €1,659 | €2,673 | +€1,015 | +61.2% |
| Suppliers | 440/4 | €1,659 | €2,673 | +€1,015 | +61.2% |
| Taxes, remuneration and social security | 45 | €32,822 | €33,334 | +€512 | +1.6% |
| Taxes | 450/3 | €32,822 | €33,334 | +€512 | +1.6% |
| Other amounts payable | 47/48 | - | €12,158 | +€12,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,334 | €2,611 | -€4,723 | -64.4% |
| Other operating charges | 640/8 | €1,089 | €1,195 | +€106 | +9.7% |
| Gross operating margin | 9900 | €116,694 | €105,073 | -€11,621 | -10.0% |
| Operating profit (loss) | 9901 | €108,270 | €101,267 | -€7,003 | -6.5% |
| Financial income | 75/76B | €131 | €2,731 | +€2,601 | +1,993% |
| Recurring financial income | 75 | €131 | €2,731 | +€2,601 | +1,993% |
| Financial charges | 65/66B | €71 | €120 | +€48 | +68.1% |
| Recurring financial charges | 65 | €71 | €120 | +€48 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €108,330 | €103,879 | -€4,451 | -4.1% |
| Income taxes | 67/77 | €23,353 | €21,721 | -€1,632 | -7.0% |
| Profit (loss) for the period | 9904 | €84,977 | €82,158 | -€2,819 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,977 | €82,158 | -€2,819 | -3.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.