Henos: 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.
Henos
Largest movements
- Cash +€42,591
up €42,591 (+58.2%), from €73,166 to €115,757
mainly Net result for the year (+€47,213) and Depreciation (+€3,227)
- Receivables within one year +€5,808
up €5,808 (+40.0%), from €14,520 to €20,328
- Tangible fixed assets -€3,227
down €3,227 (-19.4%), from €16,668 to €13,440
of which Furniture and vehicles: -€2,066
- Reserves +€47,213
up €47,213 (+63.6%), from €74,238 to €121,452
- Gross operating margin +€13,871
up €13,871 (+24.4%), from €56,920 to €70,792
- Other operating charges +€1,885
up €1,885 (+162%), from €1,164 to €3,049
- Taxes -€1,097
down €1,097 (-7.4%), from €14,854 to €13,756
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,337 | €151,746 | +€46,409 | +44.1% |
| Fixed assets | 21/28 | €16,668 | €13,440 | -€3,227 | -19.4% |
| Tangible fixed assets | 22/27 | €16,668 | €13,440 | -€3,227 | -19.4% |
| Land and buildings | 22 | €4,902 | €4,366 | -€536 | -10.9% |
| Plant, machinery and equipment | 23 | €2,156 | €1,530 | -€626 | -29.0% |
| Furniture and vehicles | 24 | €9,610 | €7,545 | -€2,066 | -21.5% |
| Current assets | 29/58 | €88,670 | €138,306 | +€49,636 | +56.0% |
| Amounts receivable within one year | 40/41 | €14,520 | €20,328 | +€5,808 | +40.0% |
| Trade receivables | 40 | €14,520 | €20,328 | +€5,808 | +40.0% |
| Cash at bank and in hand | 54/58 | €73,166 | €115,757 | +€42,591 | +58.2% |
| Deferred charges and accrued income | 490/1 | €983 | €2,221 | +€1,237 | +126% |
| Total equity and liabilities | 10/49 | €105,337 | €151,746 | +€46,409 | +44.1% |
| Equity | 10/15 | €79,238 | €126,452 | +€47,213 | +59.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,238 | €121,452 | +€47,213 | +63.6% |
| Distributable reserves | 133 | €74,238 | €121,452 | +€47,213 | +63.6% |
| Amounts payable | 17/49 | €26,099 | €25,294 | -€805 | -3.1% |
| Amounts payable within one year | 42/48 | €26,099 | €25,294 | -€805 | -3.1% |
| Trade debts | 44 | €2,606 | €2,067 | -€539 | -20.7% |
| Suppliers | 440/4 | €2,606 | €2,067 | -€539 | -20.7% |
| Taxes, remuneration and social security | 45 | €23,125 | €23,227 | +€102 | +0.4% |
| Taxes | 450/3 | €23,125 | €23,227 | +€102 | +0.4% |
| Other amounts payable | 47/48 | €368 | - | -€368 | |
| Remuneration, social security and pensions | 62 | €492 | €917 | +€426 | +86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,788 | €3,227 | +€439 | +15.7% |
| Other operating charges | 640/8 | €1,164 | €3,049 | +€1,885 | +162% |
| Gross operating margin | 9900 | €56,920 | €70,792 | +€13,871 | +24.4% |
| Operating profit (loss) | 9901 | €52,477 | €63,598 | +€11,121 | +21.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,909 | €2,628 | -€280 | -9.6% |
| Recurring financial charges | 65 | €2,909 | €2,628 | -€280 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €49,568 | €60,970 | +€11,402 | +23.0% |
| Income taxes | 67/77 | €14,854 | €13,756 | -€1,097 | -7.4% |
| Profit (loss) for the period | 9904 | €34,714 | €47,213 | +€12,499 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,714 | €47,213 | +€12,499 | +36.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.