HENRY UP: 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 UP
Largest movements
- Tangible fixed assets -€7,650
down €7,650 (-11.8%), from €65,053 to €57,403
of which Land and buildings: -€4,809
- Deferred charges and accrued income +€1,914
up €1,914 (+160.7%), from €1,191 to €3,105
- Current investments -€1,634
down €1,634 (-6.2%), from €26,309 to €24,674
- Receivables within one year -€1,367
down €1,367 (-12.1%), from €11,257 to €9,890
of which Other amounts receivable: -€1,267
- Debts after one year -€6,701
down €6,701 (-22.0%), from €30,443 to €23,742
- Tax, wage and social debts -€3,462
down €3,462 (-39.3%), from €8,802 to €5,340
of which Taxes: -€1,973
- Profit (loss) carried forward +€2,480
up €2,480 (+6.8%), from -€36,724 to -€34,244
- Current portion of long-term debt -€1,411
down €1,411 (-17.4%), from €8,112 to €6,701
- Financial income -€12,778
down €12,778 (-99.6%), from €12,823 to €46
- Gross operating margin +€9,962
up €9,962 (+245.8%), from €4,053 to €14,015
- Depreciation -€4,419
down €4,419 (-36.6%), from €12,070 to €7,650
- Financial charges -€389
down €389 (-17.4%), from €2,241 to €1,852
- Other operating charges +€153
up €153 (+9.6%), from €1,603 to €1,757
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.
Cash bridge derived
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 | €106,560 | €96,790 | -€9,770 | -9.2% |
| Fixed assets | 21/28 | €65,053 | €57,403 | -€7,650 | -11.8% |
| Tangible fixed assets | 22/27 | €65,053 | €57,403 | -€7,650 | -11.8% |
| Land and buildings | 22 | €61,981 | €57,172 | -€4,809 | -7.8% |
| Furniture and vehicles | 24 | €3,072 | €231 | -€2,841 | -92.5% |
| Current assets | 29/58 | €41,507 | €39,387 | -€2,120 | -5.1% |
| Amounts receivable within one year | 40/41 | €11,257 | €9,890 | -€1,367 | -12.1% |
| Trade receivables | 40 | €6,920 | €6,820 | -€100 | -1.4% |
| Other amounts receivable | 41 | €4,336 | €3,069 | -€1,267 | -29.2% |
| Current investments | 50/53 | €26,309 | €24,674 | -€1,634 | -6.2% |
| Cash at bank and in hand | 54/58 | €2,751 | €1,718 | -€1,033 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,191 | €3,105 | +€1,914 | +160.7% |
| Total equity and liabilities | 10/49 | €106,560 | €96,790 | -€9,770 | -9.2% |
| Equity | 10/15 | -€14,207 | -€11,726 | +€2,480 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,918 | €3,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,058 | €2,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,724 | -€34,244 | +€2,480 | +6.8% |
| Provisions and deferred taxes | 16 | €63,000 | €63,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €63,000 | €63,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €63,000 | €63,000 | = | 0.0% |
| Amounts payable | 17/49 | €57,767 | €45,516 | -€12,250 | -21.2% |
| Amounts payable after more than one year | 17 | €30,443 | €23,742 | -€6,701 | -22.0% |
| Financial debts | 170/4 | €30,443 | €23,742 | -€6,701 | -22.0% |
| Amounts payable within one year | 42/48 | €27,311 | €21,775 | -€5,536 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €8,112 | €6,701 | -€1,411 | -17.4% |
| Trade debts | 44 | €3,930 | €3,048 | -€882 | -22.4% |
| Suppliers | 440/4 | €3,930 | €3,048 | -€882 | -22.4% |
| Taxes, remuneration and social security | 45 | €8,802 | €5,340 | -€3,462 | -39.3% |
| Taxes | 450/3 | €5,938 | €3,965 | -€1,973 | -33.2% |
| Remuneration and social security | 454/9 | €2,864 | €1,375 | -€1,489 | -52.0% |
| Other amounts payable | 47/48 | €6,467 | €6,686 | +€219 | +3.4% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,070 | €7,650 | -€4,419 | -36.6% |
| Other operating charges | 640/8 | €1,603 | €1,757 | +€153 | +9.6% |
| Gross operating margin | 9900 | €4,053 | €14,015 | +€9,962 | +245.8% |
| Operating profit (loss) | 9901 | -€9,620 | €4,608 | +€14,228 | |
| Financial income | 75/76B | €12,823 | €46 | -€12,778 | -99.6% |
| Recurring financial income | 75 | €12,823 | €46 | -€12,778 | -99.6% |
| Financial charges | 65/66B | €2,241 | €1,852 | -€389 | -17.4% |
| Recurring financial charges | 65 | €2,241 | €1,852 | -€389 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €963 | €2,802 | +€1,840 | +191.1% |
| Income taxes | 67/77 | €174 | €322 | +€149 | +85.6% |
| Profit (loss) for the period | 9904 | €789 | €2,480 | +€1,691 | +214.3% |
| Profit (loss) for the period to be appropriated | 9905 | €789 | €2,480 | +€1,691 | +214.3% |
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 12 October 2026 via checked.be.