Henri Cousin & C°: 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 Cousin & C°
Largest movements
- Tangible fixed assets -€108,991
down €108,991 (-2.9%), from €3.7m to €3.6m
of which Land and buildings: -€124,325
- Cash +€108,332
up €108,332 (+2,269%), from €4,775 to €113,106
mainly Net result for the year (+€103,845) and Investment in fixed assets (net) (+€58,289)
- Reserves +€109,728
up €109,728 (+1,454%), from €7,546 to €117,273
of which Tax-exempt reserves: +€109,728
- Revaluation surpluses -€74,368
down €74,368 (-2.5%), from €3.0m to €2.9m
- Other debts -€56,500
down €56,500 (-12.8%), from €440,728 to €384,228
- Financial income +€157,501
up €157,501 (+103,564%), from €152 to €157,653
of which Non-recurring financial income: +€157,525
- Gross operating margin -€39,419
down €39,419 (-31.6%), from €124,870 to €85,451
- Depreciation -€7,707
down €7,707 (-13.2%), from €58,409 to €50,702
- Financial charges -€2,439
down €2,439 (-11.9%), from €20,434 to €17,995
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 | €3,705,097 | €3,728,632 | +€23,535 | +0.6% |
| Fixed assets | 21/28 | €3,700,000 | €3,591,009 | -€108,991 | -2.9% |
| Tangible fixed assets | 22/27 | €3,700,000 | €3,591,009 | -€108,991 | -2.9% |
| Land and buildings | 22 | €3,650,422 | €3,526,097 | -€124,325 | -3.4% |
| Plant, machinery and equipment | 23 | €4,065 | €2,923 | -€1,142 | -28.1% |
| Furniture and vehicles | 24 | €45,514 | €61,989 | +€16,476 | +36.2% |
| Current assets | 29/58 | €5,097 | €137,623 | +€132,526 | +2,600% |
| Amounts receivable within one year | 40/41 | - | €24,401 | +€24,401 | |
| Other amounts receivable | 41 | - | €24,401 | +€24,401 | |
| Cash at bank and in hand | 54/58 | €4,775 | €113,106 | +€108,332 | +2,269% |
| Deferred charges and accrued income | 490/1 | €322 | €116 | -€206 | -64.1% |
| Total equity and liabilities | 10/49 | €3,705,097 | €3,728,632 | +€23,535 | +0.6% |
| Equity | 10/15 | €3,193,647 | €3,223,124 | +€29,477 | +0.9% |
| Contributions | 10/11 | €235,822 | €235,822 | = | 0.0% |
| Revaluation surpluses | 12 | €2,980,868 | €2,906,500 | -€74,368 | -2.5% |
| Reserves | 13 | €7,546 | €117,273 | +€109,728 | +1,454% |
| Tax-exempt reserves | 132 | - | €109,728 | +€109,728 | |
| Distributable reserves | 133 | €7,546 | €7,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,589 | -€36,471 | -€5,882 | -19.2% |
| Provisions and deferred taxes | 16 | - | €36,576 | +€36,576 | |
| Deferred taxes | 168 | - | €36,576 | +€36,576 | |
| Amounts payable | 17/49 | €511,450 | €468,932 | -€42,518 | -8.3% |
| Amounts payable after more than one year | 17 | €35,787 | €51,619 | +€15,832 | +44.2% |
| Financial debts | 170/4 | €35,787 | €51,619 | +€15,832 | +44.2% |
| Amounts payable within one year | 42/48 | €474,146 | €415,068 | -€59,077 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €20,678 | €22,296 | +€1,618 | +7.8% |
| Trade debts | 44 | €3,412 | €1,123 | -€2,289 | -67.1% |
| Suppliers | 440/4 | €3,412 | €1,123 | -€2,289 | -67.1% |
| Taxes, remuneration and social security | 45 | €9,328 | €7,422 | -€1,906 | -20.4% |
| Taxes | 450/3 | €9,328 | €7,422 | -€1,906 | -20.4% |
| Other amounts payable | 47/48 | €440,728 | €384,228 | -€56,500 | -12.8% |
| Accrued charges and deferred income | 492/3 | €1,517 | €2,244 | +€727 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,409 | €50,702 | -€7,707 | -13.2% |
| Other operating charges | 640/8 | €32,362 | €33,353 | +€991 | +3.1% |
| Gross operating margin | 9900 | €124,870 | €85,451 | -€39,419 | -31.6% |
| Operating profit (loss) | 9901 | €34,099 | €1,396 | -€32,703 | -95.9% |
| Financial income | 75/76B | €152 | €157,653 | +€157,501 | +103,564% |
| Recurring financial income | 75 | €152 | €128 | -€24 | -15.8% |
| Non-recurring financial income | 76B | - | €157,525 | +€157,525 | |
| Financial charges | 65/66B | €20,434 | €17,995 | -€2,439 | -11.9% |
| Recurring financial charges | 65 | €20,434 | €17,995 | -€2,439 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €13,817 | €141,054 | +€127,237 | +921% |
| Transfer to deferred taxes | 680 | - | €36,576 | +€36,576 | |
| Income taxes | 67/77 | €935 | €633 | -€302 | -32.3% |
| Profit (loss) for the period | 9904 | €12,882 | €103,845 | +€90,963 | +706% |
| Transfer to tax-exempt reserves | 689 | - | €109,728 | +€109,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,882 | -€5,882 | -€18,764 |
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 22 October 2026 via checked.be.