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
- Tangible fixed assets -€5,200
down €5,200 (-7.3%), from €70,990 to €65,789
of which Land and buildings: -€3,284
- Receivables within one year +€2,442
up €2,442 (+19.8%), from €12,329 to €14,770
of which Trade receivables: +€2,445
- Cash -€1,818
down €1,818 (-25.7%), from €7,084 to €5,266
mainly Debts after one year (-€14,000) and Trade debts (-€5,031)
- Stocks and contracts -€1,750
down €1,750 (-35.0%), from €5,000 to €3,250
- Debts after one year -€14,000
down €14,000 (-21.5%), from €65,000 to €51,000
- Profit (loss) carried forward +€6,813
up €6,813, from -€2,973 to €3,839
- Trade debts -€5,031
down €5,031 (-54.4%), from €9,253 to €4,222
- Tax, wage and social debts +€4,443
up €4,443 (+62.4%), from €7,116 to €11,559
of which Taxes: +€3,667
- Gross operating margin -€10,950
down €10,950 (-17.9%), from €61,068 to €50,118
- Staff costs -€7,085
down €7,085 (-17.2%), from €41,241 to €34,156
- Financial charges -€5,329
down €5,329 (-73.9%), from €7,208 to €1,879
- Depreciation -€5,091
down €5,091 (-49.5%), from €10,291 to €5,200
- Other operating charges -€4,801
down €4,801 (-89.0%), from €5,392 to €591
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 | €100,899 | €93,997 | -€6,902 | -6.8% |
| Fixed assets | 21/28 | €70,990 | €65,789 | -€5,200 | -7.3% |
| Tangible fixed assets | 22/27 | €70,990 | €65,789 | -€5,200 | -7.3% |
| Land and buildings | 22 | €59,742 | €56,458 | -€3,284 | -5.5% |
| Plant, machinery and equipment | 23 | €11,248 | €9,332 | -€1,916 | -17.0% |
| Current assets | 29/58 | €29,910 | €28,208 | -€1,702 | -5.7% |
| Stocks and contracts in progress | 3 | €5,000 | €3,250 | -€1,750 | -35.0% |
| Stocks | 30/36 | €5,000 | €3,250 | -€1,750 | -35.0% |
| Amounts receivable within one year | 40/41 | €12,329 | €14,770 | +€2,442 | +19.8% |
| Trade receivables | 40 | €12,325 | €14,770 | +€2,445 | +19.8% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,084 | €5,266 | -€1,818 | -25.7% |
| Deferred charges and accrued income | 490/1 | €5,497 | €4,921 | -€576 | -10.5% |
| Total equity and liabilities | 10/49 | €100,899 | €93,997 | -€6,902 | -6.8% |
| Equity | 10/15 | €2,027 | €8,839 | +€6,813 | +336.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,973 | €3,839 | +€6,813 | |
| Amounts payable | 17/49 | €98,873 | €85,158 | -€13,715 | -13.9% |
| Amounts payable after more than one year | 17 | €65,000 | €51,000 | -€14,000 | -21.5% |
| Financial debts | 170/4 | €65,000 | €51,000 | -€14,000 | -21.5% |
| Amounts payable within one year | 42/48 | €33,873 | €34,158 | +€285 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €9,253 | €4,222 | -€5,031 | -54.4% |
| Suppliers | 440/4 | €9,253 | €4,222 | -€5,031 | -54.4% |
| Advances received on contracts in progress | 46 | €50 | €50 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,116 | €11,559 | +€4,443 | +62.4% |
| Taxes | 450/3 | €375 | €4,042 | +€3,667 | +977.7% |
| Remuneration and social security | 454/9 | €6,741 | €7,517 | +€777 | +11.5% |
| Other amounts payable | 47/48 | €3,455 | €4,327 | +€872 | +25.3% |
| Remuneration, social security and pensions | 62 | €41,241 | €34,156 | -€7,085 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,291 | €5,200 | -€5,091 | -49.5% |
| Other operating charges | 640/8 | €5,392 | €591 | -€4,801 | -89.0% |
| Gross operating margin | 9900 | €61,068 | €50,118 | -€10,950 | -17.9% |
| Operating profit (loss) | 9901 | €4,144 | €10,171 | +€6,027 | +145.4% |
| Financial income | 75/76B | €90 | €59 | -€31 | -34.5% |
| Recurring financial income | 75 | €90 | €59 | -€31 | -34.5% |
| Financial charges | 65/66B | €7,208 | €1,879 | -€5,329 | -73.9% |
| Recurring financial charges | 65 | €7,208 | €1,879 | -€5,329 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,973 | €8,351 | +€11,324 | |
| Income taxes | 67/77 | - | €1,538 | +€1,538 | |
| Profit (loss) for the period | 9904 | -€2,973 | €6,813 | +€9,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,973 | €6,813 | +€9,786 |
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 8 October 2026 via checked.be.