Henri-August: 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.
Henri-August
Largest movements
- Receivables within one year +€113,374
up €113,374 (+16.8%), from €676,491 to €789,865
of which Other amounts receivable: +€96,971
- Tangible fixed assets -€24,934
down €24,934 (-21.6%), from €115,603 to €90,669
of which Plant, machinery and equipment: -€14,227
- Profit (loss) carried forward +€76,649
up €76,649 (+8.2%), from -€937,472 to -€860,823
- Advances received -€35,700
down €35,700 (-7.9%), from €453,890 to €418,190
- Other debts +€16,446
up €16,446 (+17.1%), from €96,348 to €112,795
- Trade debts +€9,994
up €9,994 (+6.2%), from €161,479 to €171,473
- Gross operating margin -€56,946
down €56,946 (-4.6%), from €1.2m to €1.2m
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 | €876,634 | €950,265 | +€73,631 | +8.4% |
| Fixed assets | 21/28 | €124,792 | €97,530 | -€27,261 | -21.8% |
| Intangible fixed assets | 21 | €8,989 | €6,861 | -€2,127 | -23.7% |
| Tangible fixed assets | 22/27 | €115,603 | €90,669 | -€24,934 | -21.6% |
| Plant, machinery and equipment | 23 | €59,966 | €45,739 | -€14,227 | -23.7% |
| Furniture and vehicles | 24 | €30,188 | €25,350 | -€4,838 | -16.0% |
| Other tangible fixed assets | 26 | €25,449 | €19,579 | -€5,869 | -23.1% |
| Financial fixed assets | 28 | €200 | €0 | -€200 | -100% |
| Current assets | 29/58 | €751,843 | €852,735 | +€100,892 | +13.4% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €676,491 | €789,865 | +€113,374 | +16.8% |
| Trade receivables | 40 | €41,405 | €57,808 | +€16,403 | +39.6% |
| Other amounts receivable | 41 | €635,086 | €732,057 | +€96,971 | +15.3% |
| Cash at bank and in hand | 54/58 | €54,591 | €48,423 | -€6,167 | -11.3% |
| Deferred charges and accrued income | 490/1 | €10,761 | €4,447 | -€6,314 | -58.7% |
| Total equity and liabilities | 10/49 | €876,634 | €950,265 | +€73,631 | +8.4% |
| Equity | 10/15 | -€537,472 | -€460,823 | +€76,649 | +14.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€937,472 | -€860,823 | +€76,649 | +8.2% |
| Amounts payable | 17/49 | €1,414,106 | €1,411,088 | -€3,018 | -0.2% |
| Amounts payable after more than one year | 17 | €571,623 | €571,623 | = | 0.0% |
| Financial debts | 170/4 | €571,623 | €571,623 | = | 0.0% |
| Amounts payable within one year | 42/48 | €842,484 | €839,466 | -€3,018 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €161,479 | €171,473 | +€9,994 | +6.2% |
| Suppliers | 440/4 | €161,479 | €171,473 | +€9,994 | +6.2% |
| Advances received on contracts in progress | 46 | €453,890 | €418,190 | -€35,700 | -7.9% |
| Taxes, remuneration and social security | 45 | €130,767 | €137,008 | +€6,241 | +4.8% |
| Taxes | 450/3 | €20,745 | €20,476 | -€269 | -1.3% |
| Remuneration and social security | 454/9 | €110,022 | €116,532 | +€6,510 | +5.9% |
| Other amounts payable | 47/48 | €96,348 | €112,795 | +€16,446 | +17.1% |
| Non-recurring operating income | 76A | - | €8,926 | +€8,926 | |
| Remuneration, social security and pensions | 62 | €1,027,652 | €1,037,307 | +€9,655 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,649 | €29,062 | -€10,587 | -26.7% |
| Other operating charges | 640/8 | €49,744 | €40,372 | -€9,372 | -18.8% |
| Gross operating margin | 9900 | €1,240,607 | €1,183,661 | -€56,946 | -4.6% |
| Operating profit (loss) | 9901 | €123,562 | €76,921 | -€46,642 | -37.7% |
| Financial income | 75/76B | €251 | €39 | -€213 | -84.6% |
| Recurring financial income | 75 | €251 | €39 | -€213 | -84.6% |
| Financial charges | 65/66B | €338 | €278 | -€60 | -17.8% |
| Recurring financial charges | 65 | €338 | €278 | -€60 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €123,475 | €76,681 | -€46,794 | -37.9% |
| Income taxes | 67/77 | €80 | €32 | -€48 | -59.9% |
| Profit (loss) for the period | 9904 | €123,395 | €76,649 | -€46,747 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,395 | €76,649 | -€46,747 | -37.9% |
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 13 October 2026 via checked.be.