HENRAD: 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.
What changed
HENRAD
NACE 46.842, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €788,652+€733,501
Equity
€1.4m
2024 · €909,158+€522,153
Cash
€1.9m
2024 · €1.4m+€495,521
Balance sheet total
€11.3m
2024 · €9.8m+€1.4m
Largest movements
Assets
- Receivables within one year +€843,667
up €843,667 (+10.3%), from €8.2m to €9.0m
of which Trade receivables: +€626,801
- Cash +€495,521
up €495,521 (+36.5%), from €1.4m to €1.9m
mainly Net result for the year (+€1.5m) and Trade debts (+€883,417)
Equity and liabilities
- Trade debts +€883,417
up €883,417 (+12.2%), from €7.2m to €8.1m
- Profit (loss) carried forward +€522,153
up €522,153 (+1856.2%), from €28,130 to €550,283
Income statement
- Goods and materials -€601,004
down €601,004 (-2.2%), from €27.9m to €27.3m
- Turnover +€377,981
up €377,981 (+1.1%), from €34.7m to €35.1m
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.
Result 2024
€788,652
Turnover
+€377,981
Other operating income
+€33,789
Goods and materials
+€601,004
Services and other goods
+€29,064
Staff costs
-€127,093
Depreciation
+€3,066
Other operating charges
+€10,537
Financial income
+€45,237
Financial charges
-€9,991
Taxes
-€230,093
Result 2025
€1.5m
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.
From operations
+€1.6m
Investment
-€122,946
Financing
-€1.0m
Cash 2024
€1.4m
From operations (derived)
+€1.6m
Net result for the year
+€1.5m
Depreciation
+€55,620
Receivables within one year
-€843,667
Deferred charges and accrued income
-€31,612
Trade debts
+€883,417
Tax, wage and social debts
-€67,445
Other debts
+€100,000
Investment (derived)
-€122,946
Investment in fixed assets (net)
-€122,946
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,841,743 | €11,279,868 | +€1.4m | +14.6% |
| Fixed assets | 21/28 | €242,484 | €309,810 | +€67,326 | +27.8% |
| Tangible fixed assets | 22/27 | €215,345 | €282,344 | +€66,999 | +31.1% |
| Land and buildings | 22 | €154,162 | €137,613 | -€16,549 | -10.7% |
| Plant, machinery and equipment | 23 | - | €43,252 | +€43,252 | |
| Furniture and vehicles | 24 | €61,183 | €101,479 | +€40,296 | +65.9% |
| Financial fixed assets | 28 | €27,140 | €27,466 | +€327 | +1.2% |
| Other financial fixed assets | 284/8 | €27,140 | €27,466 | +€327 | +1.2% |
| Amounts receivable and cash guarantees | 285/8 | €27,140 | €27,466 | +€327 | +1.2% |
| Current assets | 29/58 | €9,599,259 | €10,970,058 | +€1.4m | +14.3% |
| Amounts receivable within one year | 40/41 | €8,152,776 | €8,996,443 | +€843,667 | +10.3% |
| Trade receivables | 40 | €3,520,395 | €4,147,196 | +€626,801 | +17.8% |
| Other amounts receivable | 41 | €4,632,381 | €4,849,247 | +€216,866 | +4.7% |
| Cash at bank and in hand | 54/58 | €1,355,886 | €1,851,407 | +€495,521 | +36.5% |
| Deferred charges and accrued income | 490/1 | €90,597 | €122,209 | +€31,612 | +34.9% |
| Total equity and liabilities | 10/49 | €9,841,743 | €11,279,868 | +€1.4m | +14.6% |
| Equity | 10/15 | €909,158 | €1,431,311 | +€522,153 | +57.4% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €81,028 | €81,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,028 | €1,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,130 | €550,283 | +€522,153 | +1856.2% |
| Amounts payable | 17/49 | €8,932,585 | €9,848,557 | +€915,972 | +10.3% |
| Amounts payable within one year | 42/48 | €8,932,585 | €9,848,557 | +€915,972 | +10.3% |
| Trade debts | 44 | €7,215,079 | €8,098,495 | +€883,417 | +12.2% |
| Suppliers | 440/4 | €7,215,079 | €8,098,495 | +€883,417 | +12.2% |
| Taxes, remuneration and social security | 45 | €817,506 | €750,062 | -€67,445 | -8.3% |
| Taxes | 450/3 | €134,163 | €130,145 | -€4,018 | -3.0% |
| Remuneration and social security | 454/9 | €683,343 | €619,917 | -€63,426 | -9.3% |
| Other amounts payable | 47/48 | €900,000 | €1,000,000 | +€100,000 | +11.1% |
| Operating income | 70/76A | €36,860,614 | €37,272,383 | +€411,769 | +1.1% |
| Turnover | 70 | €34,673,706 | €35,051,686 | +€377,981 | +1.1% |
| Other operating income | 74 | €2,186,908 | €2,220,697 | +€33,789 | +1.5% |
| Operating charges | 60/66A | €34,725,175 | €34,208,596 | -€516,578 | -1.5% |
| Goods for resale, raw materials and consumables | 60 | €27,862,501 | €27,261,497 | -€601,004 | -2.2% |
| Purchases | 600/8 | €27,862,501 | €27,261,497 | -€601,004 | -2.2% |
| Services and other goods | 61 | €3,210,601 | €3,181,537 | -€29,064 | -0.9% |
| Remuneration, social security and pensions | 62 | €3,564,363 | €3,691,455 | +€127,093 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,686 | €55,620 | -€3,066 | -5.2% |
| Other operating charges | 640/8 | €29,024 | €18,487 | -€10,537 | -36.3% |
| Operating profit (loss) | 9901 | €2,135,439 | €3,063,787 | +€928,347 | +43.5% |
| Financial income | 75/76B | €68,337 | €113,573 | +€45,237 | +66.2% |
| Recurring financial income | 75 | €68,337 | €113,573 | +€45,237 | +66.2% |
| Income from current assets | 751 | €67,401 | €82,013 | +€14,612 | +21.7% |
| Other financial income | 752/9 | €936 | €31,560 | +€30,625 | +3273.1% |
| Financial charges | 65/66B | €1,099,772 | €1,109,762 | +€9,991 | +0.9% |
| Recurring financial charges | 65 | €1,099,772 | €1,109,762 | +€9,991 | +0.9% |
| Debt charges | 650 | €27,237 | €42,860 | +€15,623 | +57.4% |
| Other financial charges | 652/9 | €1,072,535 | €1,066,902 | -€5,633 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €1,104,004 | €2,067,598 | +€963,594 | +87.3% |
| Income taxes | 67/77 | €315,352 | €545,445 | +€230,093 | +73.0% |
| Taxes | 670/3 | €315,352 | €545,478 | +€230,126 | +73.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €788,652 | €1,522,153 | +€733,501 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €788,652 | €1,522,153 | +€733,501 | +93.0% |
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 10 October 2026 via checked.be.