HENRY CONCEPT: 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.
HENRY CONCEPT
Largest movements
- Stocks and contracts -€11,623
down €11,623 (-7.7%), from €150,981 to €139,358
of which Stocks: -€11,533
- Receivables within one year -€10,225
down €10,225 (-11.6%), from €88,373 to €78,148
of which Trade receivables: -€17,694
- Tangible fixed assets -€9,180
down €9,180 (-7.9%), from €116,123 to €106,943
of which Land and buildings: -€5,808
- Deferred charges and accrued income -€5,750
down €5,750 (-33.3%), from €17,250 to €11,500
- Trade debts -€17,034
down €17,034 (-20.0%), from €85,334 to €68,300
- Debts after one year -€13,373
down €13,373 (-14.7%), from €91,033 to €77,660
- Current portion of long-term debt -€10,146
down €10,146 (-43.1%), from €23,519 to €13,373
- Profit (loss) carried forward +€8,532
up €8,532 (+9.9%), from €86,488 to €95,020
- Other debts -€5,362
down €5,362 (-12.3%), from €43,512 to €38,150
- Gross operating margin +€10,758
up €10,758 (+46.9%), from €22,948 to €33,706
- Taxes +€3,058
up €3,058 (+185%), from €1,654 to €4,711
- Financial charges -€1,416
down €1,416 (-24.9%), from €5,686 to €4,270
- Financial income +€1,299
up €1,299 (+84.0%), from €1,545 to €2,844
- Depreciation -€613
down €613 (-4.6%), from €13,433 to €12,821
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 | €373,798 | €337,748 | -€36,050 | -9.6% |
| Fixed assets | 21/28 | €116,303 | €107,123 | -€9,180 | -7.9% |
| Tangible fixed assets | 22/27 | €116,123 | €106,943 | -€9,180 | -7.9% |
| Land and buildings | 22 | €81,630 | €75,822 | -€5,808 | -7.1% |
| Plant, machinery and equipment | 23 | €2,405 | €1,455 | -€950 | -39.5% |
| Furniture and vehicles | 24 | €0 | €3,285 | +€3,285 | |
| Leasing and similar rights | 25 | €3,315 | €0 | -€3,315 | -100% |
| Other tangible fixed assets | 26 | €28,774 | €26,381 | -€2,392 | -8.3% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €257,495 | €230,625 | -€26,870 | -10.4% |
| Stocks and contracts in progress | 3 | €150,981 | €139,358 | -€11,623 | -7.7% |
| Stocks | 30/36 | €150,871 | €139,338 | -€11,533 | -7.6% |
| Contracts in progress | 37 | €110 | €20 | -€90 | -81.8% |
| Amounts receivable within one year | 40/41 | €88,373 | €78,148 | -€10,225 | -11.6% |
| Trade receivables | 40 | €66,982 | €49,288 | -€17,694 | -26.4% |
| Other amounts receivable | 41 | €21,391 | €28,860 | +€7,470 | +34.9% |
| Cash at bank and in hand | 54/58 | €892 | €1,618 | +€727 | +81.5% |
| Deferred charges and accrued income | 490/1 | €17,250 | €11,500 | -€5,750 | -33.3% |
| Total equity and liabilities | 10/49 | €373,798 | €337,748 | -€36,050 | -9.6% |
| Equity | 10/15 | €106,948 | €115,480 | +€8,532 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,488 | €95,020 | +€8,532 | +9.9% |
| Amounts payable | 17/49 | €266,850 | €222,268 | -€44,582 | -16.7% |
| Amounts payable after more than one year | 17 | €91,033 | €77,660 | -€13,373 | -14.7% |
| Financial debts | 170/4 | €91,033 | €77,660 | -€13,373 | -14.7% |
| Amounts payable within one year | 42/48 | €175,817 | €144,608 | -€31,209 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €23,519 | €13,373 | -€10,146 | -43.1% |
| Trade debts | 44 | €85,334 | €68,300 | -€17,034 | -20.0% |
| Suppliers | 440/4 | €85,334 | €68,300 | -€17,034 | -20.0% |
| Taxes, remuneration and social security | 45 | €23,452 | €24,785 | +€1,333 | +5.7% |
| Taxes | 450/3 | €23,452 | €24,785 | +€1,333 | +5.7% |
| Other amounts payable | 47/48 | €43,512 | €38,150 | -€5,362 | -12.3% |
| Non-recurring operating income | 76A | €1,207 | €1,201 | -€7 | -0.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,433 | €12,821 | -€613 | -4.6% |
| Other operating charges | 640/8 | €5,170 | €5,586 | +€416 | +8.0% |
| Non-recurring operating charges | 66A | €4,031 | €629 | -€3,402 | -84.4% |
| Gross operating margin | 9900 | €22,948 | €33,706 | +€10,758 | +46.9% |
| Operating profit (loss) | 9901 | €313 | €14,670 | +€14,357 | +4,591% |
| Financial income | 75/76B | €1,545 | €2,844 | +€1,299 | +84.0% |
| Recurring financial income | 75 | €1,545 | €2,844 | +€1,299 | +84.0% |
| Financial charges | 65/66B | €5,686 | €4,270 | -€1,416 | -24.9% |
| Recurring financial charges | 65 | €5,686 | €4,270 | -€1,416 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,828 | €13,244 | +€17,072 | |
| Income taxes | 67/77 | €1,654 | €4,711 | +€3,058 | +185% |
| Profit (loss) for the period | 9904 | -€5,482 | €8,532 | +€14,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,482 | €8,532 | +€14,014 |
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 17 October 2026 via checked.be.