HENRICOT PHILIPPE: 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.
HENRICOT PHILIPPE
Largest movements
- Cash +€26,647
up €26,647 (+1,256%), from €2,122 to €28,769
mainly Net result for the year (+€20,934) and Depreciation (+€10,909)
- Tangible fixed assets -€10,909
down €10,909 (-43.2%), from €25,261 to €14,352
of which Furniture and vehicles: -€9,590
- Profit (loss) carried forward +€10,934
up €10,934, from -€5,492 to €5,442
- Reserves +€10,000
up €10,000 (+146%), from €6,860 to €16,860
of which Distributable reserves: +€10,000
- Current portion of long-term debt -€7,330
down €7,330 (-57.2%), from €12,822 to €5,492
- Trade debts +€1,561
up €1,561 (+161%), from €971 to €2,532
- Tax, wage and social debts +€1,000
new in 2025: €1,000
- Gross operating margin +€36,818
up €36,818, from -€2,538 to €34,280
- Taxes +€1,118
up €1,118, from -€118 to €1,000
- Other operating charges +€764
up €764 (+279%), from €274 to €1,038
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 | €33,761 | €49,927 | +€16,166 | +47.9% |
| Fixed assets | 21/28 | €25,261 | €14,352 | -€10,909 | -43.2% |
| Tangible fixed assets | 22/27 | €25,261 | €14,352 | -€10,909 | -43.2% |
| Plant, machinery and equipment | 23 | €7,009 | €6,395 | -€614 | -8.8% |
| Furniture and vehicles | 24 | €16,783 | €7,193 | -€9,590 | -57.1% |
| Other tangible fixed assets | 26 | €1,469 | €764 | -€705 | -48.0% |
| Current assets | 29/58 | €8,500 | €35,575 | +€27,075 | +319% |
| Stocks and contracts in progress | 3 | €2,988 | €2,988 | = | 0.0% |
| Stocks | 30/36 | €2,988 | €2,988 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,023 | €3,398 | +€375 | +12.4% |
| Trade receivables | 40 | €1,685 | €1,841 | +€156 | +9.3% |
| Other amounts receivable | 41 | €1,338 | €1,557 | +€219 | +16.4% |
| Cash at bank and in hand | 54/58 | €2,122 | €28,769 | +€26,647 | +1,256% |
| Deferred charges and accrued income | 490/1 | €367 | €420 | +€53 | +14.4% |
| Total equity and liabilities | 10/49 | €33,761 | €49,927 | +€16,166 | +47.9% |
| Equity | 10/15 | €19,968 | €40,902 | +€20,934 | +105% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €16,860 | +€10,000 | +146% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €15,000 | +€10,000 | +200% |
| Profit (loss) carried forward | 14 | -€5,492 | €5,442 | +€10,934 | |
| Amounts payable | 17/49 | €13,793 | €9,025 | -€4,768 | -34.6% |
| Amounts payable within one year | 42/48 | €13,793 | €9,024 | -€4,769 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €12,822 | €5,492 | -€7,330 | -57.2% |
| Trade debts | 44 | €971 | €2,532 | +€1,561 | +161% |
| Suppliers | 440/4 | €971 | €2,532 | +€1,561 | +161% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,025 | €10,909 | -€116 | -1.1% |
| Other operating charges | 640/8 | €274 | €1,038 | +€764 | +279% |
| Gross operating margin | 9900 | -€2,538 | €34,280 | +€36,818 | |
| Operating profit (loss) | 9901 | -€13,837 | €22,333 | +€36,170 | |
| Financial charges | 65/66B | €568 | €399 | -€169 | -29.8% |
| Recurring financial charges | 65 | €568 | €399 | -€169 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,405 | €21,934 | +€36,339 | |
| Income taxes | 67/77 | -€118 | €1,000 | +€1,118 | |
| Profit (loss) for the period | 9904 | -€14,287 | €20,934 | +€35,221 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,287 | €20,934 | +€35,221 |
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 24 October 2026 via checked.be.