HENPHIL: 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.
HENPHIL
Largest movements
- Tangible fixed assets -€29,362
down €29,362 (-11.4%), from €258,126 to €228,763
of which Land and buildings: -€25,677
- Stocks and contracts -€19,380
down €19,380 (-97.3%), from €19,916 to €536
- Cash +€17,629
up €17,629 (+64.7%), from €27,238 to €44,867
mainly Depreciation (+€30,552) and Stocks and contracts (+€19,380)
- Debts after one year -€39,179
down €39,179 (-58.4%), from €67,118 to €27,939
- Profit (loss) carried forward +€12,618
up €12,618, from -€7,070 to €5,548
- Trade debts -€4,561
down €4,561 (-62.5%), from €7,294 to €2,733
- Accrued charges and deferred income +€3,864
up €3,864 (+269%), from €1,436 to €5,300
- Staff costs -€10,799
down €10,799 (-16.0%), from €67,495 to €56,696
- Taxes +€1,541
up €1,541 (+46.3%), from €3,326 to €4,867
- Gross operating margin -€1,358
down €1,358 (-1.1%), from €124,610 to €123,252
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 | €378,491 | €344,963 | -€33,527 | -8.9% |
| Fixed assets | 21/28 | €258,126 | €228,763 | -€29,362 | -11.4% |
| Tangible fixed assets | 22/27 | €258,126 | €228,763 | -€29,362 | -11.4% |
| Land and buildings | 22 | €247,315 | €221,638 | -€25,677 | -10.4% |
| Plant, machinery and equipment | 23 | €7,600 | €5,563 | -€2,037 | -26.8% |
| Furniture and vehicles | 24 | €3,210 | €1,562 | -€1,648 | -51.3% |
| Current assets | 29/58 | €120,365 | €116,200 | -€4,165 | -3.5% |
| Stocks and contracts in progress | 3 | €19,916 | €536 | -€19,380 | -97.3% |
| Stocks | 30/36 | €19,916 | €536 | -€19,380 | -97.3% |
| Amounts receivable within one year | 40/41 | €71,350 | €69,700 | -€1,650 | -2.3% |
| Trade receivables | 40 | €66,755 | €64,567 | -€2,188 | -3.3% |
| Other amounts receivable | 41 | €4,595 | €5,133 | +€538 | +11.7% |
| Cash at bank and in hand | 54/58 | €27,238 | €44,867 | +€17,629 | +64.7% |
| Deferred charges and accrued income | 490/1 | €1,861 | €1,096 | -€765 | -41.1% |
| Total equity and liabilities | 10/49 | €378,491 | €344,963 | -€33,527 | -8.9% |
| Equity | 10/15 | €151,330 | €163,948 | +€12,618 | +8.3% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €63,400 | €63,400 | = | 0.0% |
| Distributable reserves | 133 | €63,400 | €63,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,070 | €5,548 | +€12,618 | |
| Amounts payable | 17/49 | €227,161 | €181,015 | -€46,146 | -20.3% |
| Amounts payable after more than one year | 17 | €67,118 | €27,939 | -€39,179 | -58.4% |
| Financial debts | 170/4 | €67,118 | €27,939 | -€39,179 | -58.4% |
| Amounts payable within one year | 42/48 | €158,607 | €147,777 | -€10,830 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €38,810 | €39,179 | +€370 | +1.0% |
| Financial debts | 43 | €19,250 | €17,283 | -€1,967 | -10.2% |
| Credit institutions | 430/8 | €19,250 | €17,283 | -€1,967 | -10.2% |
| Trade debts | 44 | €7,294 | €2,733 | -€4,561 | -62.5% |
| Suppliers | 440/4 | €7,294 | €2,733 | -€4,561 | -62.5% |
| Taxes, remuneration and social security | 45 | €11,291 | €9,296 | -€1,995 | -17.7% |
| Taxes | 450/3 | - | €2,120 | +€2,120 | |
| Remuneration and social security | 454/9 | €11,291 | €7,177 | -€4,115 | -36.4% |
| Other amounts payable | 47/48 | €81,962 | €79,285 | -€2,678 | -3.3% |
| Accrued charges and deferred income | 492/3 | €1,436 | €5,300 | +€3,864 | +269% |
| Remuneration, social security and pensions | 62 | €67,495 | €56,696 | -€10,799 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,111 | €30,552 | +€441 | +1.5% |
| Other operating charges | 640/8 | €6,185 | €7,197 | +€1,011 | +16.4% |
| Gross operating margin | 9900 | €124,610 | €123,252 | -€1,358 | -1.1% |
| Operating profit (loss) | 9901 | €20,818 | €28,807 | +€7,989 | +38.4% |
| Financial income | 75/76B | €0 | €5 | +€4 | +2,268% |
| Recurring financial income | 75 | €0 | €5 | +€4 | +2,268% |
| Financial charges | 65/66B | €10,638 | €11,327 | +€689 | +6.5% |
| Recurring financial charges | 65 | €10,638 | €11,327 | +€689 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €10,181 | €17,485 | +€7,305 | +71.8% |
| Income taxes | 67/77 | €3,326 | €4,867 | +€1,541 | +46.3% |
| Profit (loss) for the period | 9904 | €6,855 | €12,618 | +€5,763 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,855 | €12,618 | +€5,763 | +84.1% |
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 27 October 2026 via checked.be.