Henrice: 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.
Henrice
Largest movements
- Cash +€52,950
up €52,950 (+166%), from €31,956 to €84,906
mainly Net result for the year (+€77,916) and Depreciation (+€11,539)
- Receivables within one year +€21,184
up €21,184 (+27.7%), from €76,421 to €97,605
of which Trade receivables: +€20,074
- Tangible fixed assets -€5,489
down €5,489 (-13.9%), from €39,480 to €33,990
of which Furniture and vehicles: -€7,121
- Deferred charges and accrued income +€4,077
up €4,077 (+267%), from €1,527 to €5,604
- Reserves +€77,916
up €77,916 (+71.8%), from €108,531 to €186,447
- Trade debts -€8,145
down €8,145 (-91.3%), from €8,918 to €773
- Tax, wage and social debts +€3,002
up €3,002 (+11.8%), from €25,426 to €28,429
- Gross operating margin +€30,729
up €30,729 (+40.9%), from €75,074 to €105,803
- Financial income +€4,131
up €4,131 (+446%), from €926 to €5,057
- Taxes +€2,478
up €2,478 (+13.5%), from €18,307 to €20,784
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 | €149,384 | €222,105 | +€72,722 | +48.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €39,480 | €33,990 | -€5,489 | -13.9% |
| Tangible fixed assets | 22/27 | €39,480 | €33,990 | -€5,489 | -13.9% |
| Plant, machinery and equipment | 23 | €0 | €1,632 | +€1,632 | |
| Furniture and vehicles | 24 | €39,480 | €32,358 | -€7,121 | -18.0% |
| Current assets | 29/58 | €109,904 | €188,115 | +€78,211 | +71.2% |
| Amounts receivable within one year | 40/41 | €76,421 | €97,605 | +€21,184 | +27.7% |
| Trade receivables | 40 | €1,210 | €21,284 | +€20,074 | +1,659% |
| Other amounts receivable | 41 | €75,211 | €76,321 | +€1,110 | +1.5% |
| Cash at bank and in hand | 54/58 | €31,956 | €84,906 | +€52,950 | +166% |
| Deferred charges and accrued income | 490/1 | €1,527 | €5,604 | +€4,077 | +267% |
| Total equity and liabilities | 10/49 | €149,384 | €222,105 | +€72,722 | +48.7% |
| Equity | 10/15 | €114,531 | €192,447 | +€77,916 | +68.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €108,531 | €186,447 | +€77,916 | +71.8% |
| Distributable reserves | 133 | €108,531 | €186,447 | +€77,916 | +71.8% |
| Amounts payable | 17/49 | €34,852 | €29,658 | -€5,194 | -14.9% |
| Amounts payable within one year | 42/48 | €34,344 | €29,658 | -€4,686 | -13.6% |
| Financial debts | 43 | - | €457 | +€457 | |
| Credit institutions | 430/8 | - | €457 | +€457 | |
| Trade debts | 44 | €8,918 | €773 | -€8,145 | -91.3% |
| Suppliers | 440/4 | €8,918 | €773 | -€8,145 | -91.3% |
| Taxes, remuneration and social security | 45 | €25,426 | €28,429 | +€3,002 | +11.8% |
| Taxes | 450/3 | €25,426 | €28,429 | +€3,002 | +11.8% |
| Accrued charges and deferred income | 492/3 | €508 | €0 | -€508 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,921 | €11,539 | +€618 | +5.7% |
| Other operating charges | 640/8 | €462 | €390 | -€72 | -15.6% |
| Non-recurring operating charges | 66A | €245 | €0 | -€245 | -100% |
| Gross operating margin | 9900 | €75,074 | €105,803 | +€30,729 | +40.9% |
| Operating profit (loss) | 9901 | €63,445 | €93,874 | +€30,429 | +48.0% |
| Financial income | 75/76B | €926 | €5,057 | +€4,131 | +446% |
| Recurring financial income | 75 | €926 | €5,057 | +€4,131 | +446% |
| Financial charges | 65/66B | €204 | €231 | +€27 | +13.1% |
| Recurring financial charges | 65 | €204 | €231 | +€27 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €64,167 | €98,700 | +€34,533 | +53.8% |
| Income taxes | 67/77 | €18,307 | €20,784 | +€2,478 | +13.5% |
| Profit (loss) for the period | 9904 | €45,860 | €77,916 | +€32,056 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,860 | €77,916 | +€32,056 | +69.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.