HENS: 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.
HENS
Largest movements
- Cash -€145,741
down €145,741 (-18.8%), from €775,669 to €629,928
mainly Contributions, distributions and other (-€266,270) and Receivables within one year (-€42,302)
- Receivables within one year +€42,302
up €42,302 (+58.4%), from €72,410 to €114,712
of which Trade receivables: +€74,527
- Tangible fixed assets -€32,401
down €32,401 (-24.2%), from €134,101 to €101,700
of which Furniture and vehicles: -€19,123
- Contributions -€206,270
down €206,270 (-76.9%), from €268,270 to €62,000
- Reserves +€74,095
up €74,095 (+10.7%), from €694,047 to €768,142
of which Distributable reserves: +€74,095
- Gross operating margin +€69,692
up €69,692 (+16.1%), from €432,055 to €501,747
- Staff costs +€30,963
up €30,963 (+12.4%), from €248,956 to €279,920
- Taxes +€13,418
up €13,418 (+31.3%), from €42,824 to €56,242
- Financial income +€5,380
up €5,380 (+129.4%), from €4,159 to €9,539
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 | €1,063,843 | €924,973 | -€138,870 | -13.1% |
| Fixed assets | 21/28 | €134,163 | €101,762 | -€32,401 | -24.2% |
| Tangible fixed assets | 22/27 | €134,101 | €101,700 | -€32,401 | -24.2% |
| Land and buildings | 22 | €38,527 | €32,863 | -€5,664 | -14.7% |
| Plant, machinery and equipment | 23 | €34,137 | €26,522 | -€7,614 | -22.3% |
| Furniture and vehicles | 24 | €61,437 | €42,314 | -€19,123 | -31.1% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €929,680 | €823,211 | -€106,469 | -11.5% |
| Stocks and contracts in progress | 3 | €76,523 | €73,239 | -€3,284 | -4.3% |
| Stocks | 30/36 | €76,523 | €73,239 | -€3,284 | -4.3% |
| Amounts receivable within one year | 40/41 | €72,410 | €114,712 | +€42,302 | +58.4% |
| Trade receivables | 40 | €31,015 | €105,542 | +€74,527 | +240.3% |
| Other amounts receivable | 41 | €41,395 | €9,170 | -€32,225 | -77.8% |
| Cash at bank and in hand | 54/58 | €775,669 | €629,928 | -€145,741 | -18.8% |
| Deferred charges and accrued income | 490/1 | €5,077 | €5,332 | +€255 | +5.0% |
| Total equity and liabilities | 10/49 | €1,063,843 | €924,973 | -€138,870 | -13.1% |
| Equity | 10/15 | €969,837 | €830,142 | -€139,695 | -14.4% |
| Contributions | 10/11 | €268,270 | €62,000 | -€206,270 | -76.9% |
| Capital | 10 | €268,270 | €62,000 | -€206,270 | -76.9% |
| Issued capital | 100 | €268,270 | €62,000 | -€206,270 | -76.9% |
| Reserves | 13 | €694,047 | €768,142 | +€74,095 | +10.7% |
| Non-distributable reserves | 130/1 | €26,827 | €26,827 | = | 0.0% |
| Legal reserve | 130 | €26,827 | €26,827 | = | 0.0% |
| Distributable reserves | 133 | €667,220 | €741,315 | +€74,095 | +11.1% |
| Profit (loss) carried forward | 14 | €7,520 | - | -€7,520 | |
| Amounts payable | 17/49 | €94,006 | €94,831 | +€825 | +0.9% |
| Amounts payable within one year | 42/48 | €94,006 | €94,831 | +€825 | +0.9% |
| Trade debts | 44 | €13,144 | €19,402 | +€6,258 | +47.6% |
| Suppliers | 440/4 | €13,144 | €19,402 | +€6,258 | +47.6% |
| Taxes, remuneration and social security | 45 | €17,908 | €11,032 | -€6,876 | -38.4% |
| Taxes | 450/3 | €9,051 | €1,320 | -€7,732 | -85.4% |
| Remuneration and social security | 454/9 | €8,857 | €9,712 | +€855 | +9.7% |
| Other amounts payable | 47/48 | €62,954 | €64,397 | +€1,443 | +2.3% |
| Remuneration, social security and pensions | 62 | €248,956 | €279,920 | +€30,963 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,084 | €38,428 | +€4,344 | +12.7% |
| Other operating charges | 640/8 | €4,698 | €3,816 | -€882 | -18.8% |
| Gross operating margin | 9900 | €432,055 | €501,747 | +€69,692 | +16.1% |
| Operating profit (loss) | 9901 | €144,317 | €179,584 | +€35,268 | +24.4% |
| Financial income | 75/76B | €4,159 | €9,539 | +€5,380 | +129.4% |
| Recurring financial income | 75 | €4,159 | €9,539 | +€5,380 | +129.4% |
| Financial charges | 65/66B | €5,922 | €6,306 | +€384 | +6.5% |
| Recurring financial charges | 65 | €5,922 | €6,306 | +€384 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €142,553 | €182,817 | +€40,264 | +28.2% |
| Income taxes | 67/77 | €42,824 | €56,242 | +€13,418 | +31.3% |
| Profit (loss) for the period | 9904 | €99,729 | €126,575 | +€26,846 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,729 | €126,575 | +€26,846 | +26.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.