HENRY II: 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 II
Largest movements
- Tangible fixed assets -€76,587
down €76,587 (-5.3%), from €1.4m to €1.4m
- Deferred charges and accrued income +€19,102
up €19,102 (+432%), from €4,423 to €23,525
- Cash -€14,785
down €14,785 (-91.7%), from €16,123 to €1,338
mainly Debts after one year (-€73,435) and Current portion of long-term debt (-€24,127)
- Debts after one year -€73,435
down €73,435 (-5.7%), from €1.3m to €1.2m
of which Financial debts: -€75,365
- Profit (loss) carried forward +€29,128
up €29,128 (+86.1%), from -€33,842 to -€4,714
- Current portion of long-term debt -€24,127
down €24,127 (-20.0%), from €120,492 to €96,365
- Gross operating margin -€19,289
down €19,289 (-9.3%), from €207,563 to €188,274
- Other operating charges +€18,217
up €18,217 (+75.7%), from €24,054 to €42,270
- Taxes +€5,615
new in 2025: €5,615
- Financial charges -€3,766
down €3,766 (-13.2%), from €28,435 to €24,669
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 | €1,458,074 | €1,389,438 | -€68,635 | -4.7% |
| Fixed assets | 21/28 | €1,435,778 | €1,359,191 | -€76,587 | -5.3% |
| Tangible fixed assets | 22/27 | €1,435,778 | €1,359,191 | -€76,587 | -5.3% |
| Land and buildings | 22 | €1,435,778 | €1,359,191 | -€76,587 | -5.3% |
| Current assets | 29/58 | €22,296 | €30,248 | +€7,952 | +35.7% |
| Amounts receivable within one year | 40/41 | €1,750 | €5,385 | +€3,635 | +208% |
| Trade receivables | 40 | €1,750 | €1,000 | -€750 | -42.9% |
| Other amounts receivable | 41 | - | €4,385 | +€4,385 | |
| Cash at bank and in hand | 54/58 | €16,123 | €1,338 | -€14,785 | -91.7% |
| Deferred charges and accrued income | 490/1 | €4,423 | €23,525 | +€19,102 | +432% |
| Total equity and liabilities | 10/49 | €1,458,074 | €1,389,438 | -€68,635 | -4.7% |
| Equity | 10/15 | €34,949 | €64,076 | +€29,128 | +83.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,790 | €6,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,692 | €3,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,842 | -€4,714 | +€29,128 | +86.1% |
| Amounts payable | 17/49 | €1,423,125 | €1,325,362 | -€97,763 | -6.9% |
| Amounts payable after more than one year | 17 | €1,297,004 | €1,223,569 | -€73,435 | -5.7% |
| Financial debts | 170/4 | €1,296,394 | €1,221,029 | -€75,365 | -5.8% |
| Other amounts payable | 178/9 | €610 | €2,540 | +€1,930 | +316% |
| Amounts payable within one year | 42/48 | €122,353 | €98,025 | -€24,328 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €120,492 | €96,365 | -€24,127 | -20.0% |
| Trade debts | 44 | €407 | €1,660 | +€1,253 | +307% |
| Suppliers | 440/4 | €407 | €1,660 | +€1,253 | +307% |
| Other amounts payable | 47/48 | €1,453 | €0 | -€1,453 | -100% |
| Accrued charges and deferred income | 492/3 | €3,768 | €3,768 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,668 | €84,522 | +€854 | +1.0% |
| Other operating charges | 640/8 | €24,054 | €42,270 | +€18,217 | +75.7% |
| Non-recurring operating charges | 66A | - | €2,071 | +€2,071 | |
| Gross operating margin | 9900 | €207,563 | €188,274 | -€19,289 | -9.3% |
| Operating profit (loss) | 9901 | €99,841 | €59,411 | -€40,430 | -40.5% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €28,435 | €24,669 | -€3,766 | -13.2% |
| Recurring financial charges | 65 | €28,435 | €24,669 | -€3,766 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €71,419 | €34,743 | -€36,676 | -51.4% |
| Income taxes | 67/77 | - | €5,615 | +€5,615 | |
| Profit (loss) for the period | 9904 | €71,419 | €29,128 | -€42,292 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,419 | €29,128 | -€42,292 | -59.2% |
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 25 October 2026 via checked.be.