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
- Receivables within one year +€26,484
up €26,484 (+29.8%), from €88,888 to €115,372
of which Other amounts receivable: +€25,392
- Tangible fixed assets -€9,239
down €9,239 (-12.7%), from €72,921 to €63,682
of which Furniture and vehicles: -€8,568
- Cash +€6,823
up €6,823 (+7.1%), from €96,050 to €102,873
mainly Depreciation (+€27,660) and Trade debts (+€23,805)
- Trade debts +€23,805
up €23,805 (+192.9%), from €12,338 to €36,143
- Gross operating margin +€53,512
up €53,512 (+28.5%), from €187,498 to €241,010
- Other operating charges +€22,150
up €22,150 (+11.6%), from €191,367 to €213,516
- Write-downs +€12,122
up €12,122, from -€10,505 to €1,617
- Financial charges +€3,967
up €3,967 (+1286.1%), from €308 to €4,275
of which Financial charges: +€3,967
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 | €271,125 | €293,576 | +€22,451 | +8.3% |
| Fixed assets | 21/28 | €72,921 | €63,682 | -€9,239 | -12.7% |
| Tangible fixed assets | 22/27 | €72,921 | €63,682 | -€9,239 | -12.7% |
| Plant, machinery and equipment | 23 | €2,061 | €1,390 | -€671 | -32.5% |
| Furniture and vehicles | 24 | €70,860 | €62,292 | -€8,568 | -12.1% |
| Current assets | 29/58 | €198,204 | €229,894 | +€31,690 | +16.0% |
| Stocks and contracts in progress | 3 | €13,265 | €11,649 | -€1,617 | -12.2% |
| Stocks | 30/36 | €13,265 | €11,649 | -€1,617 | -12.2% |
| Amounts receivable within one year | 40/41 | €88,888 | €115,372 | +€26,484 | +29.8% |
| Trade receivables | 40 | €3,858 | €4,950 | +€1,092 | +28.3% |
| Other amounts receivable | 41 | €85,031 | €110,422 | +€25,392 | +29.9% |
| Cash at bank and in hand | 54/58 | €96,050 | €102,873 | +€6,823 | +7.1% |
| Total equity and liabilities | 10/49 | €271,125 | €293,576 | +€22,451 | +8.3% |
| Equity | 10/15 | €258,787 | €257,433 | -€1,354 | -0.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €253,575 | €253,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €251,675 | €251,675 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,788 | -€15,142 | -€1,354 | -9.8% |
| Amounts payable | 17/49 | €12,338 | €36,143 | +€23,805 | +192.9% |
| Amounts payable within one year | 42/48 | €12,338 | €36,143 | +€23,805 | +192.9% |
| Trade debts | 44 | €12,338 | €36,143 | +€23,805 | +192.9% |
| Suppliers | 440/4 | €12,338 | €36,143 | +€23,805 | +192.9% |
| Non-recurring operating income | 76A | €187,498 | €241,010 | +€53,512 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,133 | €27,660 | +€528 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,505 | €1,617 | +€12,122 | |
| Other operating charges | 640/8 | €191,367 | €213,516 | +€22,150 | +11.6% |
| Gross operating margin | 9900 | €187,498 | €241,010 | +€53,512 | +28.5% |
| Operating profit (loss) | 9901 | -€20,497 | -€1,783 | +€18,713 | +91.3% |
| Financial income | 75/76B | €7,017 | €4,705 | -€2,312 | -33.0% |
| Recurring financial income | 75 | €7,017 | €4,705 | -€2,312 | -33.0% |
| Non-recurring financial income | 76B | €7,017 | €4,705 | -€2,312 | -33.0% |
| Financial charges | 65/66B | €308 | €4,275 | +€3,967 | +1286.1% |
| Recurring financial charges | 65 | €308 | €4,275 | +€3,967 | +1286.1% |
| Non-recurring financial charges | 66B | €308 | €4,275 | +€3,967 | +1286.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,788 | -€1,354 | +€12,434 | +90.2% |
| Profit (loss) for the period | 9904 | -€13,788 | -€1,354 | +€12,434 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,788 | -€1,354 | +€12,434 | +90.2% |
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 3 October 2026 via checked.be.