HENNEBERT-SEYNS: 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.
HENNEBERT-SEYNS
Largest movements
- Cash +€89,262
up €89,262 (+176%), from €50,606 to €139,869
mainly Depreciation (+€107,795) and Trade debts (+€30,110)
- Tangible fixed assets -€62,914
down €62,914 (-4.2%), from €1.5m to €1.4m
of which Land and buildings: -€62,925
- Stocks and contracts -€29,023
down €29,023 (-31.0%), from €93,645 to €64,622
- Other debts -€38,826
down €38,826 (-6.6%), from €588,044 to €549,218
- Debts after one year -€31,420
down €31,420 (-7.3%), from €428,180 to €396,760
- Trade debts +€30,110
up €30,110 (+115%), from €26,126 to €56,236
- Reserves +€22,275
up €22,275 (+3.7%), from €609,515 to €631,789
- Gross operating margin -€20,823
down €20,823 (-9.5%), from €219,361 to €198,539
- Taxes -€6,319
down €6,319 (-40.3%), from €15,677 to €9,358
- Financial charges -€5,373
down €5,373 (-11.0%), from €48,929 to €43,556
- Other operating charges +€4,500
up €4,500 (+48.4%), from €9,304 to €13,803
- Depreciation -€2,642
down €2,642 (-2.4%), from €110,437 to €107,795
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 | €1,732,202 | €1,718,410 | -€13,793 | -0.8% |
| Fixed assets | 21/28 | €1,509,275 | €1,446,361 | -€62,914 | -4.2% |
| Tangible fixed assets | 22/27 | €1,509,275 | €1,446,361 | -€62,914 | -4.2% |
| Land and buildings | 22 | €1,413,285 | €1,350,360 | -€62,925 | -4.5% |
| Plant, machinery and equipment | 23 | €0 | €21,493 | +€21,493 | |
| Furniture and vehicles | 24 | €75,926 | €46,803 | -€29,124 | -38.4% |
| Other tangible fixed assets | 26 | €20,063 | €27,705 | +€7,642 | +38.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €222,928 | €272,049 | +€49,121 | +22.0% |
| Stocks and contracts in progress | 3 | €93,645 | €64,622 | -€29,023 | -31.0% |
| Stocks | 30/36 | €93,645 | €64,622 | -€29,023 | -31.0% |
| Amounts receivable within one year | 40/41 | €73,460 | €62,255 | -€11,205 | -15.3% |
| Trade receivables | 40 | €63,083 | €56,533 | -€6,549 | -10.4% |
| Other amounts receivable | 41 | €10,377 | €5,722 | -€4,655 | -44.9% |
| Cash at bank and in hand | 54/58 | €50,606 | €139,869 | +€89,262 | +176% |
| Deferred charges and accrued income | 490/1 | €5,217 | €5,304 | +€87 | +1.7% |
| Total equity and liabilities | 10/49 | €1,732,202 | €1,718,410 | -€13,793 | -0.8% |
| Equity | 10/15 | €628,107 | €650,381 | +€22,275 | +3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €609,515 | €631,789 | +€22,275 | +3.7% |
| Distributable reserves | 133 | €609,515 | €631,789 | +€22,275 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,104,096 | €1,068,028 | -€36,067 | -3.3% |
| Amounts payable after more than one year | 17 | €428,180 | €396,760 | -€31,420 | -7.3% |
| Financial debts | 170/4 | €428,180 | €396,760 | -€31,420 | -7.3% |
| Amounts payable within one year | 42/48 | €674,955 | €670,286 | -€4,669 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €31,034 | €31,420 | +€386 | +1.2% |
| Trade debts | 44 | €26,126 | €56,236 | +€30,110 | +115% |
| Suppliers | 440/4 | €26,126 | €56,236 | +€30,110 | +115% |
| Taxes, remuneration and social security | 45 | €29,752 | €33,412 | +€3,660 | +12.3% |
| Taxes | 450/3 | €29,752 | €27,594 | -€2,158 | -7.3% |
| Remuneration and social security | 454/9 | €0 | €5,818 | +€5,818 | |
| Other amounts payable | 47/48 | €588,044 | €549,218 | -€38,826 | -6.6% |
| Accrued charges and deferred income | 492/3 | €960 | €982 | +€22 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,437 | €107,795 | -€2,642 | -2.4% |
| Other operating charges | 640/8 | €9,304 | €13,803 | +€4,500 | +48.4% |
| Gross operating margin | 9900 | €219,361 | €198,539 | -€20,823 | -9.5% |
| Operating profit (loss) | 9901 | €99,620 | €76,940 | -€22,680 | -22.8% |
| Financial income | 75/76B | €1,752 | €48 | -€1,704 | -97.2% |
| Recurring financial income | 75 | €1,752 | €48 | -€1,704 | -97.2% |
| Financial charges | 65/66B | €48,929 | €43,556 | -€5,373 | -11.0% |
| Recurring financial charges | 65 | €48,929 | €43,556 | -€5,373 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €52,444 | €33,433 | -€19,011 | -36.3% |
| Income taxes | 67/77 | €15,677 | €9,358 | -€6,319 | -40.3% |
| Profit (loss) for the period | 9904 | €36,766 | €24,075 | -€12,692 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,766 | €24,075 | -€12,692 | -34.5% |
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 23 October 2026 via checked.be.