HENSEN BEHEER: 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.
HENSEN BEHEER
Largest movements
- Tangible fixed assets +€814,264
up €814,264 (+106%), from €766,215 to €1.6m
of which Land and buildings: +€775,842
- Receivables after one year +€84,657
up €84,657 (+6.4%), from €1.3m to €1.4m
- Receivables within one year -€41,059
down €41,059 (-24.5%), from €167,417 to €126,358
of which Other amounts receivable: -€23,930
- Revaluation surpluses +€776,559
up €776,559 (+110%), from €708,102 to €1.5m
- Profit (loss) carried forward +€100,841
up €100,841 (+13.8%), from €732,198 to €833,039
- Debts after one year -€43,980
down €43,980 (-9.4%), from €467,621 to €423,641
- Trade debts +€33,688
up €33,688 (+43.5%), from €77,449 to €111,137
- Gross operating margin -€41,735
down €41,735 (-27.6%), from €151,398 to €109,664
- Taxes -€12,048
down €12,048 (-25.6%), from €47,081 to €35,033
- Financial income +€3,144
up €3,144 (+5.0%), from €63,310 to €66,454
- Financial charges -€2,366
down €2,366 (-7.1%), from €33,358 to €30,992
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 | €2,268,770 | €3,127,053 | +€858,284 | +37.8% |
| Fixed assets | 21/28 | €766,215 | €1,580,480 | +€814,264 | +106% |
| Tangible fixed assets | 22/27 | €766,215 | €1,580,480 | +€814,264 | +106% |
| Land and buildings | 22 | €753,717 | €1,529,559 | +€775,842 | +103% |
| Plant, machinery and equipment | 23 | €400 | €43,015 | +€42,616 | +10,655% |
| Furniture and vehicles | 24 | €12,099 | €7,905 | -€4,193 | -34.7% |
| Current assets | 29/58 | €1,502,554 | €1,546,574 | +€44,019 | +2.9% |
| Amounts receivable after more than one year | 29 | €1,328,500 | €1,413,157 | +€84,657 | +6.4% |
| Other amounts receivable | 291 | €1,328,500 | €1,413,157 | +€84,657 | +6.4% |
| Amounts receivable within one year | 40/41 | €167,417 | €126,358 | -€41,059 | -24.5% |
| Trade receivables | 40 | €93,139 | €76,010 | -€17,129 | -18.4% |
| Other amounts receivable | 41 | €74,278 | €50,348 | -€23,930 | -32.2% |
| Cash at bank and in hand | 54/58 | €6,362 | €6,780 | +€418 | +6.6% |
| Deferred charges and accrued income | 490/1 | €275 | €278 | +€3 | +1.1% |
| Total equity and liabilities | 10/49 | €2,268,770 | €3,127,053 | +€858,284 | +37.8% |
| Equity | 10/15 | €1,460,751 | €2,338,152 | +€877,401 | +60.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €708,102 | €1,484,662 | +€776,559 | +110% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €732,198 | €833,039 | +€100,841 | +13.8% |
| Amounts payable | 17/49 | €808,019 | €788,902 | -€19,117 | -2.4% |
| Amounts payable after more than one year | 17 | €467,621 | €423,641 | -€43,980 | -9.4% |
| Financial debts | 170/4 | €467,621 | €423,641 | -€43,980 | -9.4% |
| Amounts payable within one year | 42/48 | €340,398 | €365,261 | +€24,863 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €75,536 | €87,570 | +€12,034 | +15.9% |
| Trade debts | 44 | €77,449 | €111,137 | +€33,688 | +43.5% |
| Suppliers | 440/4 | €77,449 | €111,137 | +€33,688 | +43.5% |
| Taxes, remuneration and social security | 45 | €109,387 | €89,006 | -€20,381 | -18.6% |
| Taxes | 450/3 | €109,387 | €89,006 | -€20,381 | -18.6% |
| Other amounts payable | 47/48 | €78,025 | €77,548 | -€478 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,894 | €6,564 | +€670 | +11.4% |
| Other operating charges | 640/8 | €2,482 | €2,688 | +€206 | +8.3% |
| Gross operating margin | 9900 | €151,398 | €109,664 | -€41,735 | -27.6% |
| Operating profit (loss) | 9901 | €143,022 | €100,412 | -€42,610 | -29.8% |
| Financial income | 75/76B | €63,310 | €66,454 | +€3,144 | +5.0% |
| Recurring financial income | 75 | €63,310 | €66,454 | +€3,144 | +5.0% |
| Financial charges | 65/66B | €33,358 | €30,992 | -€2,366 | -7.1% |
| Recurring financial charges | 65 | €33,358 | €30,992 | -€2,366 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €172,974 | €135,874 | -€37,100 | -21.4% |
| Income taxes | 67/77 | €47,081 | €35,033 | -€12,048 | -25.6% |
| Profit (loss) for the period | 9904 | €125,893 | €100,841 | -€25,052 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,893 | €100,841 | -€25,052 | -19.9% |
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 25 October 2026 via checked.be.