HENROPRINT: what changed
Two fiscal 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.
HENROPRINT
Largest movements
- Tangible fixed assets -€84,649
down €84,649 (-19.5%), from €434,237 to €349,588
of which Plant, machinery and equipment: -€67,594
- Receivables within one year +€24,664
up €24,664 (+17.5%), from €141,228 to €165,893
of which Trade receivables: +€34,681
- Stocks and contracts -€22,891
down €22,891 (-13.8%), from €165,476 to €142,585
- Cash -€19,649
down €19,649 (-26.6%), from €73,799 to €54,150
mainly Debts after one year (-€62,494) and Other debts (-€34,720)
- Deferred charges and accrued income -€15,726
down €15,726 (-58.7%), from €26,793 to €11,067
- Debts after one year -€62,494
down €62,494 (-31.2%), from €200,546 to €138,053
- Other debts -€34,720
down €34,720 (-9.3%), from €374,474 to €339,754
- Trade debts -€9,671
down €9,671 (-16.0%), from €60,494 to €50,823
- Gross operating margin -€69,792
down €69,792 (-30.8%), from €226,613 to €156,822
- Depreciation -€44,423
down €44,423 (-34.4%), from €129,072 to €84,649
- Staff costs -€7,800
down €7,800 (-11.6%), from €66,986 to €59,185
- Financial charges -€3,353
down €3,353 (-25.7%), from €13,047 to €9,694
- Financial income -€2,287
down €2,287 (-31.1%), from €7,346 to €5,059
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,607 | €723,283 | -€118,324 | -14.1% |
| Fixed assets | 21/28 | €434,311 | €349,588 | -€84,723 | -19.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €434,237 | €349,588 | -€84,649 | -19.5% |
| Plant, machinery and equipment | 23 | €379,251 | €311,657 | -€67,594 | -17.8% |
| Furniture and vehicles | 24 | €2,586 | €1,525 | -€1,061 | -41.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €52,400 | €36,406 | -€15,994 | -30.5% |
| Financial fixed assets | 28 | €74 | €0 | -€74 | -100.0% |
| Current assets | 29/58 | €407,295 | €373,694 | -€33,601 | -8.2% |
| Stocks and contracts in progress | 3 | €165,476 | €142,585 | -€22,891 | -13.8% |
| Stocks | 30/36 | €165,476 | €142,585 | -€22,891 | -13.8% |
| Amounts receivable within one year | 40/41 | €141,228 | €165,893 | +€24,664 | +17.5% |
| Trade receivables | 40 | €127,264 | €161,945 | +€34,681 | +27.3% |
| Other amounts receivable | 41 | €13,964 | €3,948 | -€10,016 | -71.7% |
| Cash at bank and in hand | 54/58 | €73,799 | €54,150 | -€19,649 | -26.6% |
| Deferred charges and accrued income | 490/1 | €26,793 | €11,067 | -€15,726 | -58.7% |
| Total equity and liabilities | 10/49 | €841,607 | €723,283 | -€118,324 | -14.1% |
| Equity | 10/15 | €126,006 | €123,864 | -€2,142 | -1.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €4,054 | €4,054 | = | 0.0% |
| Distributable reserves | 133 | €4,054 | €4,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,442 | €62,143 | +€702 | +1.1% |
| Investment grants | 15 | €29,510 | €26,667 | -€2,843 | -9.6% |
| Amounts payable | 17/49 | €715,601 | €599,418 | -€116,183 | -16.2% |
| Amounts payable after more than one year | 17 | €200,546 | €138,053 | -€62,494 | -31.2% |
| Financial debts | 170/4 | €200,546 | €138,053 | -€62,494 | -31.2% |
| Amounts payable within one year | 42/48 | €515,054 | €461,366 | -€53,689 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €68,188 | €62,494 | -€5,694 | -8.4% |
| Trade debts | 44 | €60,494 | €50,823 | -€9,671 | -16.0% |
| Suppliers | 440/4 | €60,494 | €50,823 | -€9,671 | -16.0% |
| Taxes, remuneration and social security | 45 | €11,899 | €8,295 | -€3,604 | -30.3% |
| Taxes | 450/3 | €3,771 | €3,923 | +€151 | +4.0% |
| Remuneration and social security | 454/9 | €8,127 | €4,372 | -€3,755 | -46.2% |
| Other amounts payable | 47/48 | €374,474 | €339,754 | -€34,720 | -9.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €11,574 | +€11,574 | |
| Remuneration, social security and pensions | 62 | €66,986 | €59,185 | -€7,800 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,072 | €84,649 | -€44,423 | -34.4% |
| Other operating charges | 640/8 | €6,306 | €5,504 | -€802 | -12.7% |
| Gross operating margin | 9900 | €226,613 | €156,822 | -€69,792 | -30.8% |
| Operating profit (loss) | 9901 | €24,249 | €7,483 | -€16,766 | -69.1% |
| Financial income | 75/76B | €7,346 | €5,059 | -€2,287 | -31.1% |
| Recurring financial income | 75 | €7,346 | €5,059 | -€2,287 | -31.1% |
| Financial charges | 65/66B | €13,047 | €9,694 | -€3,353 | -25.7% |
| Recurring financial charges | 65 | €13,047 | €9,694 | -€3,353 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €18,548 | €2,849 | -€15,699 | -84.6% |
| Income taxes | 67/77 | €988 | €1,147 | +€159 | +16.1% |
| Profit (loss) for the period | 9904 | €17,560 | €1,702 | -€15,858 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,560 | €1,702 | -€15,858 | -90.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.