Hensei Belgium: 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.
Hensei Belgium
Largest movements
- Receivables within one year +€8,677
up €8,677 (+314%), from €2,764 to €11,441
- Cash +€4,411
up €4,411 (+156%), from €2,835 to €7,246
mainly Tax, wage and social debts (+€28,216) and Other debts (+€13,146)
- Profit (loss) carried forward -€35,358
down €35,358 (-278%), from -€12,704 to -€48,062
- Tax, wage and social debts +€28,216
up €28,216 (+661%), from €4,270 to €32,486
of which Remuneration and social security: +€14,808
- Other debts +€13,146
up €13,146 (+5,899%), from €223 to €13,368
- Trade debts +€6,424
up €6,424 (+50.1%), from €12,810 to €19,234
- Advances received +€659
new in 2025: €659
- Staff costs +€41,413
new in 2025: €41,413
- Gross operating margin +€17,468
up €17,468, from -€10,956 to €6,513
- Depreciation -€1,233
no longer reported in 2025 (was €1,233)
- Other operating charges -€394
no longer reported in 2025 (was €394)
- Financial charges +€335
up €335 (+274%), from €122 to €458
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 | €5,599 | €18,687 | +€13,088 | +234% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €5,599 | €18,687 | +€13,088 | +234% |
| Amounts receivable within one year | 40/41 | €2,764 | €11,441 | +€8,677 | +314% |
| Trade receivables | 40 | €2,764 | €11,441 | +€8,677 | +314% |
| Cash at bank and in hand | 54/58 | €2,835 | €7,246 | +€4,411 | +156% |
| Total equity and liabilities | 10/49 | €5,599 | €18,687 | +€13,088 | +234% |
| Equity | 10/15 | -€11,704 | -€47,062 | -€35,358 | -302% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,704 | -€48,062 | -€35,358 | -278% |
| Amounts payable | 17/49 | €17,303 | €65,749 | +€48,446 | +280% |
| Amounts payable within one year | 42/48 | €17,303 | €65,749 | +€48,446 | +280% |
| Trade debts | 44 | €12,810 | €19,234 | +€6,424 | +50.1% |
| Suppliers | 440/4 | €12,810 | €19,234 | +€6,424 | +50.1% |
| Advances received on contracts in progress | 46 | - | €659 | +€659 | |
| Taxes, remuneration and social security | 45 | €4,270 | €32,486 | +€28,216 | +661% |
| Taxes | 450/3 | €4,270 | €17,679 | +€13,409 | +314% |
| Remuneration and social security | 454/9 | - | €14,808 | +€14,808 | |
| Other amounts payable | 47/48 | €223 | €13,368 | +€13,146 | +5,899% |
| Remuneration, social security and pensions | 62 | - | €41,413 | +€41,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | - | -€1,233 | |
| Other operating charges | 640/8 | €394 | - | -€394 | |
| Gross operating margin | 9900 | -€10,956 | €6,513 | +€17,468 | |
| Operating profit (loss) | 9901 | -€12,583 | -€34,900 | -€22,316 | -177% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €122 | €458 | +€335 | +274% |
| Recurring financial charges | 65 | €122 | €458 | +€335 | +274% |
| Profit (loss) for the period before taxes | 9903 | -€12,704 | -€35,358 | -€22,653 | -178% |
| Profit (loss) for the period | 9904 | -€12,704 | -€35,358 | -€22,653 | -178% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,704 | -€35,358 | -€22,653 | -178% |
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 30 October 2026 via checked.be.