Henry I: 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 I
Largest movements
- Financial fixed assets +€125,000
up €125,000 (+40.6%), from €307,929 to €432,929
- Cash -€119,334
down €119,334 (-45.2%), from €264,164 to €144,830
mainly Other debts (-€159,385) and Investment in fixed assets (net) (-€125,000)
- Contributions +€162,000
up €162,000 (+72.0%), from €225,000 to €387,000
- Other debts -€159,385
down €159,385 (-49.0%), from €325,284 to €165,899
- Financial income -€167,110
down €167,110 (-90.9%), from €183,820 to €16,709
- Gross operating margin -€4,786
down €4,786 (-69.3%), from -€6,910 to -€11,696
- Taxes +€902
new in 2025: €902
- Financial charges +€523
up €523 (+259%), from €202 to €725
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 | €579,178 | €583,835 | +€4,657 | +0.8% |
| Fixed assets | 21/28 | €307,929 | €432,929 | +€125,000 | +40.6% |
| Financial fixed assets | 28 | €307,929 | €432,929 | +€125,000 | +40.6% |
| Current assets | 29/58 | €271,249 | €150,906 | -€120,343 | -44.4% |
| Amounts receivable within one year | 40/41 | €1,493 | €1,493 | = | 0.0% |
| Other amounts receivable | 41 | €1,493 | €1,493 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €264,164 | €144,830 | -€119,334 | -45.2% |
| Deferred charges and accrued income | 490/1 | €5,592 | €4,582 | -€1,009 | -18.1% |
| Total equity and liabilities | 10/49 | €579,178 | €583,835 | +€4,657 | +0.8% |
| Equity | 10/15 | €250,894 | €413,384 | +€162,490 | +64.8% |
| Contributions | 10/11 | €225,000 | €387,000 | +€162,000 | +72.0% |
| Capital | 10 | €225,000 | €387,000 | +€162,000 | +72.0% |
| Issued capital | 100 | €225,000 | €711,000 | +€486,000 | +216% |
| Uncalled capital | 101 | - | €324,000 | +€324,000 | |
| Reserves | 13 | €8,631 | €8,795 | +€163 | +1.9% |
| Non-distributable reserves | 130/1 | €8,631 | €8,795 | +€163 | +1.9% |
| Legal reserve | 130 | €8,631 | €8,795 | +€163 | +1.9% |
| Profit (loss) carried forward | 14 | €17,263 | €17,589 | +€327 | +1.9% |
| Amounts payable | 17/49 | €328,284 | €170,451 | -€157,833 | -48.1% |
| Amounts payable within one year | 42/48 | €328,284 | €170,451 | -€157,833 | -48.1% |
| Trade debts | 44 | €3,000 | €3,650 | +€650 | +21.7% |
| Suppliers | 440/4 | €3,000 | €3,650 | +€650 | +21.7% |
| Taxes, remuneration and social security | 45 | - | €902 | +€902 | |
| Taxes | 450/3 | - | €902 | +€902 | |
| Other amounts payable | 47/48 | €325,284 | €165,899 | -€159,385 | -49.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€6,910 | -€11,696 | -€4,786 | -69.3% |
| Operating profit (loss) | 9901 | -€7,028 | -€11,816 | -€4,788 | -68.1% |
| Financial income | 75/76B | €183,820 | €16,709 | -€167,110 | -90.9% |
| Recurring financial income | 75 | €183,820 | €16,709 | -€167,110 | -90.9% |
| Financial charges | 65/66B | €202 | €725 | +€523 | +259% |
| Recurring financial charges | 65 | €202 | €725 | +€523 | +259% |
| Profit (loss) for the period before taxes | 9903 | €176,590 | €4,169 | -€172,422 | -97.6% |
| Income taxes | 67/77 | - | €902 | +€902 | |
| Profit (loss) for the period | 9904 | €176,590 | €3,266 | -€173,324 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €176,590 | €3,266 | -€173,324 | -98.2% |
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 16 October 2026 via checked.be.