HENRY JL: 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 JL
Largest movements
- Current investments +€117,251
up €117,251 (+40.2%), from €291,799 to €409,051
- Tangible fixed assets -€20,894
down €20,894 (-15.0%), from €139,603 to €118,708
of which Furniture and vehicles: -€11,901
- Intangible fixed assets -€8,392
down €8,392 (-40.1%), from €20,933 to €12,541
- Cash +€6,649
up €6,649 (+71.6%), from €9,280 to €15,929
mainly Net result for the year (+€105,779) and Other debts (+€38,826)
- Receivables within one year +€5,972
up €5,972 (+34.8%), from €17,157 to €23,129
of which Other amounts receivable: +€5,621
- Reserves +€64,859
up €64,859 (+15.7%), from €413,165 to €478,024
- Other debts +€38,826
new in 2025: €38,826
- Tax, wage and social debts +€10,719
up €10,719 (+831%), from €1,290 to €12,009
- Debts after one year -€10,296
down €10,296 (-35.0%), from €29,406 to €19,109
- Financial income +€109,795
up €109,795 (+621%), from €17,671 to €127,466
- Taxes +€13,589
up €13,589 (+6,792%), from €200 to €13,789
- Gross operating margin +€12,942
up €12,942 (+106%), from €12,228 to €25,170
- Other operating charges -€695
down €695 (-22.8%), from €3,050 to €2,355
- Financial charges +€458
up €458 (+22.6%), from €2,028 to €2,487
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 | €481,812 | €582,048 | +€100,236 | +20.8% |
| Fixed assets | 21/28 | €160,535 | €131,249 | -€29,286 | -18.2% |
| Intangible fixed assets | 21 | €20,933 | €12,541 | -€8,392 | -40.1% |
| Tangible fixed assets | 22/27 | €139,603 | €118,708 | -€20,894 | -15.0% |
| Land and buildings | 22 | €86,585 | €78,237 | -€8,348 | -9.6% |
| Furniture and vehicles | 24 | €44,212 | €32,311 | -€11,901 | -26.9% |
| Other tangible fixed assets | 26 | €8,806 | €8,160 | -€646 | -7.3% |
| Current assets | 29/58 | €321,277 | €450,799 | +€129,522 | +40.3% |
| Amounts receivable within one year | 40/41 | €17,157 | €23,129 | +€5,972 | +34.8% |
| Trade receivables | 40 | €3,185 | €3,537 | +€352 | +11.0% |
| Other amounts receivable | 41 | €13,971 | €19,592 | +€5,621 | +40.2% |
| Current investments | 50/53 | €291,799 | €409,051 | +€117,251 | +40.2% |
| Cash at bank and in hand | 54/58 | €9,280 | €15,929 | +€6,649 | +71.6% |
| Deferred charges and accrued income | 490/1 | €3,041 | €2,690 | -€350 | -11.5% |
| Total equity and liabilities | 10/49 | €481,812 | €582,048 | +€100,236 | +20.8% |
| Equity | 10/15 | €438,546 | €500,226 | +€61,680 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €413,165 | €478,024 | +€64,859 | +15.7% |
| Distributable reserves | 133 | €413,165 | €478,024 | +€64,859 | +15.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €6,781 | €3,602 | -€3,180 | -46.9% |
| Provisions and deferred taxes | 16 | €2,240 | €1,181 | -€1,060 | -47.3% |
| Deferred taxes | 168 | €2,240 | €1,181 | -€1,060 | -47.3% |
| Amounts payable | 17/49 | €41,026 | €80,642 | +€39,616 | +96.6% |
| Amounts payable after more than one year | 17 | €29,406 | €19,109 | -€10,296 | -35.0% |
| Financial debts | 170/4 | €29,406 | €19,109 | -€10,296 | -35.0% |
| Amounts payable within one year | 42/48 | €11,620 | €61,533 | +€49,913 | +430% |
| Current portion of amounts payable after more than one year | 42 | €9,867 | €10,296 | +€430 | +4.4% |
| Trade debts | 44 | €463 | €402 | -€61 | -13.2% |
| Suppliers | 440/4 | €463 | €402 | -€61 | -13.2% |
| Taxes, remuneration and social security | 45 | €1,290 | €12,009 | +€10,719 | +831% |
| Taxes | 450/3 | €1,290 | €12,009 | +€10,719 | +831% |
| Other amounts payable | 47/48 | - | €38,826 | +€38,826 | |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,449 | €29,286 | -€163 | -0.6% |
| Other operating charges | 640/8 | €3,050 | €2,355 | -€695 | -22.8% |
| Gross operating margin | 9900 | €12,228 | €25,170 | +€12,942 | +106% |
| Operating profit (loss) | 9901 | -€20,271 | -€6,471 | +€13,800 | +68.1% |
| Financial income | 75/76B | €17,671 | €127,466 | +€109,795 | +621% |
| Recurring financial income | 75 | €17,671 | €127,466 | +€109,795 | +621% |
| Financial charges | 65/66B | €2,028 | €2,487 | +€458 | +22.6% |
| Recurring financial charges | 65 | €2,028 | €2,487 | +€458 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,628 | €118,509 | +€123,137 | |
| Transfer from deferred taxes | 780 | €1,060 | €1,060 | = | 0.0% |
| Income taxes | 67/77 | €200 | €13,789 | +€13,589 | +6,792% |
| Profit (loss) for the period | 9904 | -€3,769 | €105,779 | +€109,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,769 | €105,779 | +€109,548 |
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 30 October 2026 via checked.be.