HENROSA: 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.
HENROSA
Largest movements
- Cash -€16,001
down €16,001 (-30.7%), from €52,135 to €36,134
mainly Contributions, distributions and other (-€49,000) and Other debts (-€26,495)
- Tangible fixed assets -€3,883
down €3,883 (-10.6%), from €36,611 to €32,727
- Receivables within one year +€2,044
up €2,044 (+12.2%), from €16,689 to €18,733
of which Other amounts receivable: +€2,299
- Current investments -€1,400
down €1,400 (-60.9%), from €2,300 to €900
- Other debts -€26,495
down €26,495 (-28.8%), from €91,973 to €65,478
- Tax, wage and social debts +€8,924
up €8,924 (+123.2%), from €7,242 to €16,166
- Gross operating margin -€9,705
down €9,705 (-11.0%), from €88,394 to €78,689
- Depreciation +€8,997
up €8,997 (+220.2%), from €4,085 to €13,082
- Taxes -€3,523
down €3,523 (-19.8%), from €17,814 to €14,290
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.
Cash bridge derived
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 | €108,337 | €88,951 | -€19,386 | -17.9% |
| Fixed assets | 21/28 | €36,611 | €32,727 | -€3,883 | -10.6% |
| Tangible fixed assets | 22/27 | €36,611 | €32,727 | -€3,883 | -10.6% |
| Furniture and vehicles | 24 | €36,611 | €32,727 | -€3,883 | -10.6% |
| Current assets | 29/58 | €71,727 | €56,224 | -€15,503 | -21.6% |
| Amounts receivable within one year | 40/41 | €16,689 | €18,733 | +€2,044 | +12.2% |
| Trade receivables | 40 | €15,985 | €15,730 | -€255 | -1.6% |
| Other amounts receivable | 41 | €704 | €3,003 | +€2,299 | +326.6% |
| Current investments | 50/53 | €2,300 | €900 | -€1,400 | -60.9% |
| Cash at bank and in hand | 54/58 | €52,135 | €36,134 | -€16,001 | -30.7% |
| Deferred charges and accrued income | 490/1 | €603 | €457 | -€146 | -24.2% |
| Total equity and liabilities | 10/49 | €108,337 | €88,951 | -€19,386 | -17.9% |
| Equity | 10/15 | €5,061 | €5,779 | +€719 | +14.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,061 | €3,779 | +€719 | +23.5% |
| Distributable reserves | 133 | €3,061 | €3,779 | +€719 | +23.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,276 | €83,172 | -€20,105 | -19.5% |
| Amounts payable within one year | 42/48 | €102,282 | €83,172 | -€19,110 | -18.7% |
| Financial debts | 43 | €550 | €0 | -€550 | -100.0% |
| Credit institutions | 430/8 | €550 | €0 | -€550 | -100.0% |
| Trade debts | 44 | €2,517 | €1,528 | -€990 | -39.3% |
| Suppliers | 440/4 | €2,517 | €1,528 | -€990 | -39.3% |
| Taxes, remuneration and social security | 45 | €7,242 | €16,166 | +€8,924 | +123.2% |
| Taxes | 450/3 | €7,242 | €16,166 | +€8,924 | +123.2% |
| Other amounts payable | 47/48 | €91,973 | €65,478 | -€26,495 | -28.8% |
| Accrued charges and deferred income | 492/3 | €995 | €0 | -€995 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €13,082 | +€8,997 | +220.2% |
| Other operating charges | 640/8 | €1,525 | €1,590 | +€65 | +4.3% |
| Gross operating margin | 9900 | €88,394 | €78,689 | -€9,705 | -11.0% |
| Operating profit (loss) | 9901 | €82,785 | €64,018 | -€18,767 | -22.7% |
| Financial income | 75/76B | €1 | €69 | +€68 | +4900.7% |
| Recurring financial income | 75 | €1 | €69 | +€68 | +4900.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €646 | €78 | -€568 | -87.9% |
| Recurring financial charges | 65 | €646 | €78 | -€568 | -87.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €82,140 | €64,009 | -€18,131 | -22.1% |
| Income taxes | 67/77 | €17,814 | €14,290 | -€3,523 | -19.8% |
| Profit (loss) for the period | 9904 | €64,327 | €49,719 | -€14,608 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,327 | €49,719 | -€14,608 | -22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.