HENS RECYCLING: 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 RECYCLING
Largest movements
- Tangible fixed assets +€127,792
up €127,792 (+53.2%), from €240,000 to €367,792
of which Plant, machinery and equipment: +€127,792
- Receivables within one year +€25,273
up €25,273 (+309.6%), from €8,162 to €33,436
- Other debts +€152,898
up €152,898 (+13159.8%), from €1,162 to €154,059
- Reserves +€8,257
up €8,257 (+3.8%), from €216,251 to €224,508
of which Distributable reserves: +€9,149
- Tax, wage and social debts -€7,151
down €7,151 (-100.0%), from €7,151 to €0
- Gross operating margin -€83,616
down €83,616 (-80.9%), from €103,408 to €19,792
- Taxes -€4,102
down €4,102 (-57.4%), from €7,151 to €3,050
- Depreciation +€2,208
new in 2025: €2,208
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 | €248,254 | €401,412 | +€153,159 | +61.7% |
| Fixed assets | 21/28 | €240,000 | €367,792 | +€127,792 | +53.2% |
| Tangible fixed assets | 22/27 | €240,000 | €367,792 | +€127,792 | +53.2% |
| Land and buildings | 22 | €240,000 | €240,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €127,792 | +€127,792 | |
| Current assets | 29/58 | €8,254 | €33,620 | +€25,367 | +307.3% |
| Amounts receivable within one year | 40/41 | €8,162 | €33,436 | +€25,273 | +309.6% |
| Other amounts receivable | 41 | €8,162 | €33,436 | +€25,273 | +309.6% |
| Cash at bank and in hand | 54/58 | €91 | €185 | +€94 | +103.0% |
| Total equity and liabilities | 10/49 | €248,254 | €401,412 | +€153,159 | +61.7% |
| Equity | 10/15 | €216,251 | €224,508 | +€8,257 | +3.8% |
| Reserves | 13 | €216,251 | €224,508 | +€8,257 | +3.8% |
| Tax-exempt reserves | 132 | €52,500 | €51,608 | -€892 | -1.7% |
| Distributable reserves | 133 | €163,751 | €172,900 | +€9,149 | +5.6% |
| Provisions and deferred taxes | 16 | €17,500 | €17,203 | -€297 | -1.7% |
| Deferred taxes | 168 | €17,500 | €17,203 | -€297 | -1.7% |
| Amounts payable | 17/49 | €14,502 | €159,701 | +€145,199 | +1001.2% |
| Amounts payable within one year | 42/48 | €14,502 | €159,701 | +€145,199 | +1001.2% |
| Trade debts | 44 | €6,189 | €5,642 | -€547 | -8.8% |
| Suppliers | 440/4 | €6,189 | €5,642 | -€547 | -8.8% |
| Taxes, remuneration and social security | 45 | €7,151 | €0 | -€7,151 | -100.0% |
| Taxes | 450/3 | €7,151 | €0 | -€7,151 | -100.0% |
| Other amounts payable | 47/48 | €1,162 | €154,059 | +€152,898 | +13159.8% |
| Non-recurring operating income | 76A | €70,000 | €0 | -€70,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,208 | +€2,208 | |
| Other operating charges | 640/8 | €4,090 | €3,498 | -€592 | -14.5% |
| Gross operating margin | 9900 | €103,408 | €19,792 | -€83,616 | -80.9% |
| Operating profit (loss) | 9901 | €99,318 | €14,085 | -€85,233 | -85.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,075 | €3,076 | +€2 | +0.1% |
| Recurring financial charges | 65 | €3,075 | €3,076 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €96,244 | €11,009 | -€85,235 | -88.6% |
| Transfer from deferred taxes | 780 | - | €297 | +€297 | |
| Transfer to deferred taxes | 680 | €17,500 | €0 | -€17,500 | -100.0% |
| Income taxes | 67/77 | €7,151 | €3,050 | -€4,102 | -57.4% |
| Profit (loss) for the period | 9904 | €71,592 | €8,257 | -€63,335 | -88.5% |
| Transfer from tax-exempt reserves | 789 | - | €892 | +€892 | |
| Transfer to tax-exempt reserves | 689 | €52,500 | €0 | -€52,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,092 | €9,149 | -€9,944 | -52.1% |
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 12 October 2026 via checked.be.