Henry Dean: 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 Dean
Largest movements
- Cash -€748,748
down €748,748 (-73.9%), from €1.0m to €263,774
mainly Contributions, distributions and other (-€1.0m) and Net result for the year (-€348,645)
- Receivables within one year -€239,095
down €239,095 (-40.9%), from €584,509 to €345,414
of which Trade receivables: -€211,917
- Stocks and contracts -€39,806
down €39,806 (-9.3%), from €429,303 to €389,497
- Tangible fixed assets -€30,505
down €30,505 (-20.7%), from €147,484 to €116,979
of which Land and buildings: -€15,656
- Reserves -€1.3m
down €1.3m (-82.9%), from €1.6m to €277,956
of which Distributable reserves: -€1.3m
- Debts after one year +€512,769
new in 2025: €512,769
- Trade debts -€218,337
down €218,337 (-51.2%), from €426,826 to €208,489
- Gross operating margin -€93,866
down €93,866, from €13,941 to -€79,924
- Depreciation -€13,503
down €13,503 (-25.1%), from €53,843 to €40,340
- Financial charges +€6,111
up €6,111 (+511%), from €1,196 to €7,308
- Staff costs +€5,175
up €5,175 (+2.4%), from €212,181 to €217,355
- Financial income +€4,203
up €4,203 (+51.3%), from €8,192 to €12,395
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 | €2,199,292 | €1,142,913 | -€1.1m | -48.0% |
| Fixed assets | 21/28 | €163,256 | €122,917 | -€40,340 | -24.7% |
| Intangible fixed assets | 21 | €14,800 | €4,966 | -€9,834 | -66.4% |
| Tangible fixed assets | 22/27 | €147,484 | €116,979 | -€30,505 | -20.7% |
| Land and buildings | 22 | €111,108 | €95,452 | -€15,656 | -14.1% |
| Plant, machinery and equipment | 23 | €1,664 | €737 | -€927 | -55.7% |
| Furniture and vehicles | 24 | €25,439 | €12,574 | -€12,864 | -50.6% |
| Other tangible fixed assets | 26 | €9,273 | €8,215 | -€1,058 | -11.4% |
| Financial fixed assets | 28 | €972 | €972 | = | 0.0% |
| Current assets | 29/58 | €2,036,036 | €1,019,996 | -€1.0m | -49.9% |
| Stocks and contracts in progress | 3 | €429,303 | €389,497 | -€39,806 | -9.3% |
| Stocks | 30/36 | €429,303 | €389,497 | -€39,806 | -9.3% |
| Amounts receivable within one year | 40/41 | €584,509 | €345,414 | -€239,095 | -40.9% |
| Trade receivables | 40 | €457,828 | €245,911 | -€211,917 | -46.3% |
| Other amounts receivable | 41 | €126,681 | €99,503 | -€27,178 | -21.5% |
| Cash at bank and in hand | 54/58 | €1,012,522 | €263,774 | -€748,748 | -73.9% |
| Deferred charges and accrued income | 490/1 | €9,702 | €21,311 | +€11,609 | +120% |
| Total equity and liabilities | 10/49 | €2,199,292 | €1,142,913 | -€1.1m | -48.0% |
| Equity | 10/15 | €1,688,101 | €339,456 | -€1.3m | -79.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,626,601 | €277,956 | -€1.3m | -82.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,620,451 | €271,806 | -€1.3m | -83.2% |
| Amounts payable | 17/49 | €511,191 | €803,457 | +€292,266 | +57.2% |
| Amounts payable after more than one year | 17 | - | €512,769 | +€512,769 | |
| Other amounts payable | 178/9 | - | €512,769 | +€512,769 | |
| Amounts payable within one year | 42/48 | €511,191 | €290,688 | -€220,503 | -43.1% |
| Trade debts | 44 | €426,826 | €208,489 | -€218,337 | -51.2% |
| Suppliers | 440/4 | €426,826 | €208,489 | -€218,337 | -51.2% |
| Advances received on contracts in progress | 46 | €28,635 | €24,976 | -€3,659 | -12.8% |
| Taxes, remuneration and social security | 45 | €54,369 | €57,118 | +€2,749 | +5.1% |
| Taxes | 450/3 | €10,518 | €12,831 | +€2,313 | +22.0% |
| Remuneration and social security | 454/9 | €43,851 | €44,287 | +€436 | +1.0% |
| Other amounts payable | 47/48 | €1,361 | €105 | -€1,256 | -92.3% |
| Remuneration, social security and pensions | 62 | €212,181 | €217,355 | +€5,175 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,843 | €40,340 | -€13,503 | -25.1% |
| Other operating charges | 640/8 | €14,245 | €15,759 | +€1,514 | +10.6% |
| Gross operating margin | 9900 | €13,941 | -€79,924 | -€93,866 | |
| Operating profit (loss) | 9901 | -€266,326 | -€353,378 | -€87,052 | -32.7% |
| Financial income | 75/76B | €8,192 | €12,395 | +€4,203 | +51.3% |
| Recurring financial income | 75 | €8,192 | €12,395 | +€4,203 | +51.3% |
| Financial charges | 65/66B | €1,196 | €7,308 | +€6,111 | +511% |
| Recurring financial charges | 65 | €1,196 | €7,308 | +€6,111 | +511% |
| Profit (loss) for the period before taxes | 9903 | -€259,331 | -€348,291 | -€88,960 | -34.3% |
| Income taxes | 67/77 | €349 | €354 | +€5 | +1.3% |
| Profit (loss) for the period | 9904 | -€259,680 | -€348,645 | -€88,965 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€259,680 | -€348,645 | -€88,965 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.