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HENS'Cetera: 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.

What changed

HENS'Cetera

BE 0882.074.844
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€172,200
2024 · €145,431+€26,769
Equity
€421,978
2024 · €409,778+€12,200
Cash
€28,480
2024 · €14,318+€14,162
Balance sheet total
€863,941
2024 · €841,281+€22,660

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€40,364

    up €40,364 (+16.1%), from €250,169 to €290,533

    of which Other amounts receivable: +€34,667

  • Tangible fixed assets -€31,660

    down €31,660 (-10.0%), from €317,300 to €285,640

    of which Plant, machinery and equipment: -€17,500

  • Cash +€14,162

    up €14,162 (+98.9%), from €14,318 to €28,480

    mainly Net result for the year (+€172,200) and Depreciation (+€37,433)

Equity and liabilities
  • Other debts +€30,236

    up €30,236 (+23.3%), from €129,787 to €160,023

  • Debts after one year -€24,756

    down €24,756 (-16.0%), from €155,028 to €130,272

  • Tax, wage and social debts +€13,462

    up €13,462 (+33.8%), from €39,793 to €53,255

    of which Taxes: +€11,706

  • Profit (loss) carried forward +€12,200

    up €12,200 (+10.0%), from €122,480 to €134,680

Income statement
  • Gross operating margin +€29,889

    up €29,889 (+6.8%), from €440,873 to €470,762

  • Taxes +€12,310

    up €12,310 (+25.3%), from €48,564 to €60,875

  • Staff costs -€7,931

    down €7,931 (-4.0%), from €198,752 to €190,821

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €145,431
Gross operating margin +€29,889
Staff costs +€7,931
Depreciation -€2,538
Other operating charges +€2,828
Other operating items +€7
Financial charges +€962
Taxes -€12,310
Result 2025 €172,200
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations +€210,821
Investment -€5,372
Financing -€191,286
Cash 2024 €14,318
Net result for the year +€172,200
Depreciation +€37,433
Receivables within one year -€40,364
Deferred charges and accrued income -€194
Trade debts -€6,551
Tax, wage and social debts +€13,462
Other debts +€30,236
Accrued charges and deferred income +€4,599
Investment in fixed assets (net) -€5,372
Debts after one year -€24,756
Current portion of long-term debt -€6,530
Contributions, distributions and other -€160,000
Cash 2025 €28,480
brings cash intakes cash out
Every line side by side 46 lines
Line Code 2024 2025 Change %
Total assets 20/58 €841,281 €863,941 +€22,660 +2.7%
Fixed assets 21/28 €317,700 €285,640 -€32,060 -10.1%
Tangible fixed assets 22/27 €317,300 €285,640 -€31,660 -10.0%
Land and buildings 22 €93,603 €87,434 -€6,169 -6.6%
Plant, machinery and equipment 23 €197,429 €179,929 -€17,500 -8.9%
Furniture and vehicles 24 €26,269 €18,277 -€7,992 -30.4%
Financial fixed assets 28 €400 €0 -€400 -100%
Current assets 29/58 €523,580 €578,301 +€54,721 +10.5%
Amounts receivable within one year 40/41 €250,169 €290,533 +€40,364 +16.1%
Trade receivables 40 €68,514 €74,211 +€5,697 +8.3%
Other amounts receivable 41 €181,655 €216,322 +€34,667 +19.1%
Current investments 50/53 €258,522 €258,522 = 0.0%
Cash at bank and in hand 54/58 €14,318 €28,480 +€14,162 +98.9%
Deferred charges and accrued income 490/1 €572 €766 +€194 +34.0%
Total equity and liabilities 10/49 €841,281 €863,941 +€22,660 +2.7%
Equity 10/15 €409,778 €421,978 +€12,200 +3.0%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €268,698 €268,698 = 0.0%
Non-distributable reserves 130/1 €258,522 €258,522 = 0.0%
Own shares acquired 1312 €258,522 €258,522 = 0.0%
Distributable reserves 133 €10,176 €10,176 = 0.0%
Profit (loss) carried forward 14 €122,480 €134,680 +€12,200 +10.0%
Amounts payable 17/49 €431,503 €441,963 +€10,461 +2.4%
Amounts payable after more than one year 17 €155,028 €130,272 -€24,756 -16.0%
Financial debts 170/4 €155,028 €130,272 -€24,756 -16.0%
Amounts payable within one year 42/48 €218,223 €248,841 +€30,618 +14.0%
Current portion of amounts payable after more than one year 42 €31,286 €24,756 -€6,530 -20.9%
Trade debts 44 €17,357 €10,807 -€6,551 -37.7%
Suppliers 440/4 €17,357 €10,807 -€6,551 -37.7%
Taxes, remuneration and social security 45 €39,793 €53,255 +€13,462 +33.8%
Taxes 450/3 €17,168 €28,875 +€11,706 +68.2%
Remuneration and social security 454/9 €22,625 €24,381 +€1,756 +7.8%
Other amounts payable 47/48 €129,787 €160,023 +€30,236 +23.3%
Accrued charges and deferred income 492/3 €58,252 €62,850 +€4,599 +7.9%
Remuneration, social security and pensions 62 €198,752 €190,821 -€7,931 -4.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €34,895 €37,433 +€2,538 +7.3%
Other operating charges 640/8 €5,657 €2,829 -€2,828 -50.0%
Operating charges capitalised as restructuring costs 649 €0 -€7 -€7
Gross operating margin 9900 €440,873 €470,762 +€29,889 +6.8%
Operating profit (loss) 9901 €201,569 €239,687 +€38,117 +18.9%
Financial charges 65/66B €7,574 €6,612 -€962 -12.7%
Recurring financial charges 65 €7,574 €6,612 -€962 -12.7%
Profit (loss) for the period before taxes 9903 €193,995 €233,074 +€39,079 +20.1%
Income taxes 67/77 €48,564 €60,875 +€12,310 +25.3%
Profit (loss) for the period 9904 €145,431 €172,200 +€26,769 +18.4%
Profit (loss) for the period to be appropriated 9905 €145,431 €172,200 +€26,769 +18.4%

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 26 October 2026 via checked.be.