HENON: 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.
HENON
Largest movements
- Tangible fixed assets -€11,861
down €11,861 (-2.9%), from €412,805 to €400,944
of which Plant, machinery and equipment: -€7,403
- Other debts -€4,883
down €4,883 (-6.2%), from €78,655 to €73,772
- Gross operating margin +€8,416
up €8,416 (+241.7%), from €3,482 to €11,899
- Other operating charges -€491
down €491 (-14.3%), from €3,429 to €2,939
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 | €414,891 | €406,303 | -€8,588 | -2.1% |
| Fixed assets | 21/28 | €412,805 | €400,944 | -€11,861 | -2.9% |
| Tangible fixed assets | 22/27 | €412,805 | €400,944 | -€11,861 | -2.9% |
| Land and buildings | 22 | €375,789 | €371,331 | -€4,458 | -1.2% |
| Plant, machinery and equipment | 23 | €37,016 | €29,613 | -€7,403 | -20.0% |
| Current assets | 29/58 | €2,086 | €5,359 | +€3,273 | +156.9% |
| Cash at bank and in hand | 54/58 | €2,086 | €5,359 | +€3,273 | +156.9% |
| Total equity and liabilities | 10/49 | €414,891 | €406,303 | -€8,588 | -2.1% |
| Equity | 10/15 | €335,506 | €332,531 | -€2,975 | -0.9% |
| Contributions | 10/11 | €81,615 | €81,615 | = | 0.0% |
| Outside capital | 11 | €81,615 | - | -€81,615 | |
| Share premium | 1100/10 | €9,027 | - | -€9,027 | |
| Other | 1109/19 | €72,588 | - | -€72,588 | |
| Revaluation surpluses | 12 | €250,884 | €250,884 | = | 0.0% |
| Reserves | 13 | €173,451 | €173,451 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,451 | €173,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,444 | -€173,419 | -€2,975 | -1.7% |
| Amounts payable | 17/49 | €79,385 | €73,772 | -€5,613 | -7.1% |
| Amounts payable within one year | 42/48 | €79,385 | €73,772 | -€5,613 | -7.1% |
| Trade debts | 44 | €730 | - | -€730 | |
| Suppliers | 440/4 | €730 | - | -€730 | |
| Other amounts payable | 47/48 | €78,655 | €73,772 | -€4,883 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,861 | €11,861 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,429 | €2,939 | -€491 | -14.3% |
| Gross operating margin | 9900 | €3,482 | €11,899 | +€8,416 | +241.7% |
| Operating profit (loss) | 9901 | -€11,808 | -€2,901 | +€8,907 | +75.4% |
| Financial charges | 65/66B | €146 | €74 | -€72 | -49.5% |
| Recurring financial charges | 65 | €146 | €74 | -€72 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,953 | -€2,975 | +€8,979 | +75.1% |
| Profit (loss) for the period | 9904 | -€11,953 | -€2,975 | +€8,979 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,953 | -€2,975 | +€8,979 | +75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.