HENRY Y: what changed
Two fiscal 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 Y
Largest movements
- Cash +€20,515
up €20,515 (+8.9%), from €229,583 to €250,099
mainly Depreciation (+€10,152) and Net result for the year (+€9,532)
- Tangible fixed assets -€10,152
down €10,152 (-7.2%), from €140,248 to €130,095
of which Furniture and vehicles: -€5,600
- Receivables within one year -€4,042
down €4,042 (-58.7%), from €6,883 to €2,841
of which Trade receivables: -€2,208
- Reserves +€9,000
up €9,000 (+2.9%), from €307,859 to €316,859
of which Distributable reserves: +€9,000
- Trade debts -€4,154
down €4,154 (-38.4%), from €10,828 to €6,674
- Gross operating margin +€17,989
up €17,989 (+46.0%), from €39,080 to €57,069
- Taxes +€2,981
up €2,981 (+1875.4%), from €159 to €3,140
- Staff costs +€2,112
up €2,112 (+9.0%), from €23,413 to €25,524
- Depreciation +€2,091
up €2,091 (+25.9%), from €8,061 to €10,152
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 | €381,061 | €387,465 | +€6,404 | +1.7% |
| Fixed assets | 21/28 | €140,248 | €130,095 | -€10,152 | -7.2% |
| Tangible fixed assets | 22/27 | €140,248 | €130,095 | -€10,152 | -7.2% |
| Land and buildings | 22 | €107,517 | €104,016 | -€3,500 | -3.3% |
| Plant, machinery and equipment | 23 | €6,139 | €5,087 | -€1,052 | -17.1% |
| Furniture and vehicles | 24 | €26,592 | €20,992 | -€5,600 | -21.1% |
| Current assets | 29/58 | €240,813 | €257,369 | +€16,557 | +6.9% |
| Amounts receivable within one year | 40/41 | €6,883 | €2,841 | -€4,042 | -58.7% |
| Trade receivables | 40 | €2,208 | - | -€2,208 | |
| Other amounts receivable | 41 | €4,675 | €2,841 | -€1,834 | -39.2% |
| Cash at bank and in hand | 54/58 | €229,583 | €250,099 | +€20,515 | +8.9% |
| Deferred charges and accrued income | 490/1 | €4,346 | €4,430 | +€83 | +1.9% |
| Total equity and liabilities | 10/49 | €381,061 | €387,465 | +€6,404 | +1.7% |
| Equity | 10/15 | €326,584 | €336,116 | +€9,532 | +2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €307,859 | €316,859 | +€9,000 | +2.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €306,000 | €315,000 | +€9,000 | +2.9% |
| Profit (loss) carried forward | 14 | €133 | €665 | +€532 | +400.0% |
| Amounts payable | 17/49 | €54,477 | €51,349 | -€3,128 | -5.7% |
| Amounts payable after more than one year | 17 | €8,222 | €9,122 | +€900 | +10.9% |
| Other amounts payable | 178/9 | €8,222 | €9,122 | +€900 | +10.9% |
| Amounts payable within one year | 42/48 | €45,288 | €42,227 | -€3,061 | -6.8% |
| Trade debts | 44 | €10,828 | €6,674 | -€4,154 | -38.4% |
| Suppliers | 440/4 | €10,828 | €6,674 | -€4,154 | -38.4% |
| Taxes, remuneration and social security | 45 | €8,049 | €7,263 | -€786 | -9.8% |
| Taxes | 450/3 | €2,541 | €2,346 | -€195 | -7.7% |
| Remuneration and social security | 454/9 | €5,508 | €4,918 | -€590 | -10.7% |
| Other amounts payable | 47/48 | €26,411 | €28,290 | +€1,879 | +7.1% |
| Accrued charges and deferred income | 492/3 | €967 | - | -€967 | |
| Remuneration, social security and pensions | 62 | €23,413 | €25,524 | +€2,112 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,061 | €10,152 | +€2,091 | +25.9% |
| Other operating charges | 640/8 | €8,223 | €8,446 | +€223 | +2.7% |
| Gross operating margin | 9900 | €39,080 | €57,069 | +€17,989 | +46.0% |
| Operating profit (loss) | 9901 | -€617 | €12,946 | +€13,563 | |
| Financial income | 75/76B | €355 | €359 | +€4 | +1.0% |
| Recurring financial income | 75 | €355 | €359 | +€4 | +1.0% |
| Financial charges | 65/66B | €583 | €634 | +€51 | +8.7% |
| Recurring financial charges | 65 | €583 | €634 | +€51 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€845 | €12,671 | +€13,516 | |
| Income taxes | 67/77 | €159 | €3,140 | +€2,981 | +1875.4% |
| Profit (loss) for the period | 9904 | -€1,003 | €9,532 | +€10,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,003 | €9,532 | +€10,535 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.