HENS & DAMS: 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.
HENS & DAMS
Largest movements
- Tangible fixed assets -€37,056
down €37,056 (-7.5%), from €495,811 to €458,755
of which Land and buildings: -€23,435
- Deferred charges and accrued income +€7,121
up €7,121 (+76.1%), from €9,360 to €16,481
- Receivables within one year +€6,576
up €6,576 (+10.6%), from €62,056 to €68,632
of which Trade receivables: +€7,436
- Other debts -€55,427
down €55,427 (-27.0%), from €205,153 to €149,726
- Reserves +€44,296
up €44,296 (+29.9%), from €148,223 to €192,520
- Debts after one year -€13,368
down €13,368 (-37.0%), from €36,093 to €22,725
- Tax, wage and social debts +€7,459
new in 2025: €7,459
- Trade debts -€7,414
down €7,414 (-45.7%), from €16,239 to €8,825
- Gross operating margin +€93,592
up €93,592 (+353%), from €26,516 to €120,108
- Financial charges +€10,566
up €10,566 (+117%), from €9,012 to €19,578
- Taxes +€6,376
new in 2025: €6,376
- Depreciation -€5,975
down €5,975 (-13.9%), from €43,031 to €37,056
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.
Derived cash bridge
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 | €614,226 | €585,827 | -€28,400 | -4.6% |
| Fixed assets | 21/28 | €495,811 | €458,755 | -€37,056 | -7.5% |
| Tangible fixed assets | 22/27 | €495,811 | €458,755 | -€37,056 | -7.5% |
| Land and buildings | 22 | €446,747 | €423,312 | -€23,435 | -5.2% |
| Leasing and similar rights | 25 | €49,064 | €35,443 | -€13,621 | -27.8% |
| Current assets | 29/58 | €118,415 | €127,071 | +€8,656 | +7.3% |
| Amounts receivable within one year | 40/41 | €62,056 | €68,632 | +€6,576 | +10.6% |
| Trade receivables | 40 | €46,040 | €53,476 | +€7,436 | +16.2% |
| Other amounts receivable | 41 | €16,016 | €15,156 | -€860 | -5.4% |
| Cash at bank and in hand | 54/58 | €46,999 | €41,958 | -€5,041 | -10.7% |
| Deferred charges and accrued income | 490/1 | €9,360 | €16,481 | +€7,121 | +76.1% |
| Total equity and liabilities | 10/49 | €614,226 | €585,827 | -€28,400 | -4.6% |
| Equity | 10/15 | €336,453 | €380,749 | +€44,296 | +13.2% |
| Contributions | 10/11 | €188,229 | €188,229 | = | 0.0% |
| Reserves | 13 | €148,223 | €192,520 | +€44,296 | +29.9% |
| Distributable reserves | 133 | €148,223 | €192,520 | +€44,296 | +29.9% |
| Amounts payable | 17/49 | €277,773 | €205,077 | -€72,696 | -26.2% |
| Amounts payable after more than one year | 17 | €36,093 | €22,725 | -€13,368 | -37.0% |
| Financial debts | 170/4 | €36,093 | €22,725 | -€13,368 | -37.0% |
| Amounts payable within one year | 42/48 | €234,434 | €179,378 | -€55,055 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €13,042 | €13,368 | +€326 | +2.5% |
| Trade debts | 44 | €16,239 | €8,825 | -€7,414 | -45.7% |
| Suppliers | 440/4 | €16,239 | €8,825 | -€7,414 | -45.7% |
| Taxes, remuneration and social security | 45 | - | €7,459 | +€7,459 | |
| Taxes | 450/3 | - | €7,459 | +€7,459 | |
| Other amounts payable | 47/48 | €205,153 | €149,726 | -€55,427 | -27.0% |
| Accrued charges and deferred income | 492/3 | €7,247 | €2,974 | -€4,273 | -59.0% |
| Non-recurring operating income | 76A | €9,900 | - | -€9,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,031 | €37,056 | -€5,975 | -13.9% |
| Other operating charges | 640/8 | €12,866 | €12,918 | +€52 | +0.4% |
| Gross operating margin | 9900 | €26,516 | €120,108 | +€93,592 | +353% |
| Operating profit (loss) | 9901 | -€29,381 | €70,134 | +€99,515 | |
| Financial income | 75/76B | €1,058 | €117 | -€941 | -88.9% |
| Recurring financial income | 75 | €1,058 | €117 | -€941 | -88.9% |
| Financial charges | 65/66B | €9,012 | €19,578 | +€10,566 | +117% |
| Recurring financial charges | 65 | €9,012 | €19,578 | +€10,566 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€37,336 | €50,673 | +€88,008 | |
| Income taxes | 67/77 | - | €6,376 | +€6,376 | |
| Profit (loss) for the period | 9904 | -€37,336 | €44,296 | +€81,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,336 | €44,296 | +€81,632 |
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 14 October 2026 via checked.be.