HENROIMMO: 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.
HENROIMMO
Largest movements
- Stocks and contracts +€150,264
new in 2025: €150,264
- Receivables within one year +€79,205
up €79,205 (+131%), from €60,398 to €139,603
of which Other amounts receivable: +€78,295
- Cash +€37,437
up €37,437 (+18.4%), from €203,444 to €240,881
mainly Other debts (+€345,207) and Net result for the year (+€180,251)
- Tangible fixed assets +€36,224
up €36,224 (+7.9%), from €457,340 to €493,564
of which Land and buildings: +€40,120
- Other debts +€345,207
up €345,207 (+7,203%), from €4,793 to €350,000
- Reserves -€169,749
down €169,749 (-32.8%), from €517,502 to €347,753
of which Distributable reserves: -€169,749
- Accrued charges and deferred income +€60,000
up €60,000, from €0 to €60,000
- Trade debts +€51,671
up €51,671 (+104%), from €49,546 to €101,217
- Tax, wage and social debts +€32,762
up €32,762 (+68.2%), from €48,004 to €80,767
of which Taxes: +€32,179
- Gross operating margin +€112,040
up €112,040 (+30.0%), from €373,300 to €485,340
- Taxes +€29,817
up €29,817 (+80.2%), from €37,171 to €66,988
- Write-downs -€16,495
down €16,495, from €6,366 to -€10,129
- Staff costs +€14,988
up €14,988 (+9.0%), from €166,077 to €181,065
- Other operating charges +€6,625
up €6,625 (+36.1%), from €18,355 to €24,980
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 | €725,499 | €1,029,188 | +€303,690 | +41.9% |
| Fixed assets | 21/28 | €457,340 | €493,564 | +€36,224 | +7.9% |
| Tangible fixed assets | 22/27 | €457,340 | €493,564 | +€36,224 | +7.9% |
| Land and buildings | 22 | €432,073 | €472,193 | +€40,120 | +9.3% |
| Plant, machinery and equipment | 23 | €528 | €192 | -€336 | -63.6% |
| Furniture and vehicles | 24 | €24,739 | €21,178 | -€3,560 | -14.4% |
| Current assets | 29/58 | €268,159 | €535,624 | +€267,465 | +99.7% |
| Stocks and contracts in progress | 3 | - | €150,264 | +€150,264 | |
| Stocks | 30/36 | - | €150,264 | +€150,264 | |
| Amounts receivable within one year | 40/41 | €60,398 | €139,603 | +€79,205 | +131% |
| Trade receivables | 40 | €34,662 | €35,573 | +€911 | +2.6% |
| Other amounts receivable | 41 | €25,735 | €104,030 | +€78,295 | +304% |
| Cash at bank and in hand | 54/58 | €203,444 | €240,881 | +€37,437 | +18.4% |
| Deferred charges and accrued income | 490/1 | €4,317 | €4,877 | +€559 | +13.0% |
| Total equity and liabilities | 10/49 | €725,499 | €1,029,188 | +€303,690 | +41.9% |
| Equity | 10/15 | €536,102 | €366,353 | -€169,749 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €517,502 | €347,753 | -€169,749 | -32.8% |
| 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 | €515,642 | €345,893 | -€169,749 | -32.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €189,396 | €662,835 | +€473,439 | +250% |
| Amounts payable after more than one year | 17 | €28,498 | €14,453 | -€14,044 | -49.3% |
| Financial debts | 170/4 | €25,578 | €12,973 | -€12,604 | -49.3% |
| Other amounts payable | 178/9 | €2,920 | €1,480 | -€1,440 | -49.3% |
| Amounts payable within one year | 42/48 | €160,899 | €588,382 | +€427,483 | +266% |
| Current portion of amounts payable after more than one year | 42 | €35,158 | €12,604 | -€22,553 | -64.1% |
| Trade debts | 44 | €49,546 | €101,217 | +€51,671 | +104% |
| Suppliers | 440/4 | €49,546 | €101,217 | +€51,671 | +104% |
| Advances received on contracts in progress | 46 | €23,397 | €43,793 | +€20,396 | +87.2% |
| Taxes, remuneration and social security | 45 | €48,004 | €80,767 | +€32,762 | +68.2% |
| Taxes | 450/3 | €21,571 | €53,750 | +€32,179 | +149% |
| Remuneration and social security | 454/9 | €26,434 | €27,017 | +€583 | +2.2% |
| Other amounts payable | 47/48 | €4,793 | €350,000 | +€345,207 | +7,203% |
| Accrued charges and deferred income | 492/3 | €0 | €60,000 | +€60,000 | |
| Remuneration, social security and pensions | 62 | €166,077 | €181,065 | +€14,988 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,391 | €41,033 | -€358 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,366 | -€10,129 | -€16,495 | |
| Other operating charges | 640/8 | €18,355 | €24,980 | +€6,625 | +36.1% |
| Gross operating margin | 9900 | €373,300 | €485,340 | +€112,040 | +30.0% |
| Operating profit (loss) | 9901 | €141,111 | €248,391 | +€107,280 | +76.0% |
| Financial income | 75/76B | €305 | €187 | -€118 | -38.6% |
| Recurring financial income | 75 | €305 | €187 | -€118 | -38.6% |
| Financial charges | 65/66B | €6,836 | €1,340 | -€5,496 | -80.4% |
| Recurring financial charges | 65 | €6,836 | €1,340 | -€5,496 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €134,580 | €247,238 | +€112,658 | +83.7% |
| Income taxes | 67/77 | €37,171 | €66,988 | +€29,817 | +80.2% |
| Profit (loss) for the period | 9904 | €97,409 | €180,251 | +€82,842 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,409 | €180,251 | +€82,842 | +85.0% |
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 28 October 2026 via checked.be.