Hensen & Zn: 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 & Zn
Largest movements
- Receivables within one year +€15,573
up €15,573 (+34.9%), from €44,655 to €60,227
of which Trade receivables: +€14,913
- Cash +€13,165
up €13,165 (+214%), from €6,159 to €19,325
mainly Trade debts (+€10,694) and Debts after one year (+€10,520)
- Deferred charges and accrued income -€2,268
down €2,268 (-76.6%), from €2,961 to €693
- Tangible fixed assets -€1,634
down €1,634 (-83.2%), from €1,964 to €330
of which Furniture and vehicles: -€1,134
- Trade debts +€10,694
up €10,694 (+102%), from €10,498 to €21,193
- Debts after one year +€10,520
up €10,520 (+69.9%), from €15,051 to €25,571
- Profit (loss) carried forward +€6,870
up €6,870 (+97.0%), from -€7,083 to -€213
- Tax, wage and social debts -€3,249
down €3,249 (-52.5%), from €6,190 to €2,942
- Gross operating margin +€9,054
up €9,054 (+157%), from €5,761 to €14,815
- Depreciation -€8,169
down €8,169 (-83.3%), from €9,803 to €1,634
- Taxes +€2,205
up €2,205 (+2,009%), from €110 to €2,315
- Financial charges +€1,526
up €1,526 (+604%), from €253 to €1,778
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 | €55,739 | €80,575 | +€24,836 | +44.6% |
| Fixed assets | 21/28 | €1,964 | €330 | -€1,634 | -83.2% |
| Tangible fixed assets | 22/27 | €1,964 | €330 | -€1,634 | -83.2% |
| Plant, machinery and equipment | 23 | €830 | €330 | -€500 | -60.3% |
| Furniture and vehicles | 24 | €1,134 | €0 | -€1,134 | -100% |
| Current assets | 29/58 | €53,775 | €80,245 | +€26,470 | +49.2% |
| Amounts receivable within one year | 40/41 | €44,655 | €60,227 | +€15,573 | +34.9% |
| Trade receivables | 40 | €44,655 | €59,567 | +€14,913 | +33.4% |
| Other amounts receivable | 41 | - | €660 | +€660 | |
| Cash at bank and in hand | 54/58 | €6,159 | €19,325 | +€13,165 | +214% |
| Deferred charges and accrued income | 490/1 | €2,961 | €693 | -€2,268 | -76.6% |
| Total equity and liabilities | 10/49 | €55,739 | €80,575 | +€24,836 | +44.6% |
| Equity | 10/15 | €24,000 | €30,869 | +€6,870 | +28.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €21,082 | €21,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €19,082 | €19,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,083 | -€213 | +€6,870 | +97.0% |
| Amounts payable | 17/49 | €31,740 | €49,706 | +€17,966 | +56.6% |
| Amounts payable after more than one year | 17 | €15,051 | €25,571 | +€10,520 | +69.9% |
| Other amounts payable | 178/9 | €15,051 | €25,571 | +€10,520 | +69.9% |
| Amounts payable within one year | 42/48 | €16,689 | €24,135 | +€7,446 | +44.6% |
| Trade debts | 44 | €10,498 | €21,193 | +€10,694 | +102% |
| Suppliers | 440/4 | €10,498 | €21,193 | +€10,694 | +102% |
| Taxes, remuneration and social security | 45 | €6,190 | €2,942 | -€3,249 | -52.5% |
| Taxes | 450/3 | €6,190 | €2,942 | -€3,249 | -52.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,803 | €1,634 | -€8,169 | -83.3% |
| Other operating charges | 640/8 | €2,262 | €2,222 | -€39 | -1.7% |
| Non-recurring operating charges | 66A | €420 | €0 | -€420 | -100% |
| Gross operating margin | 9900 | €5,761 | €14,815 | +€9,054 | +157% |
| Operating profit (loss) | 9901 | -€6,724 | €10,959 | +€17,682 | |
| Financial income | 75/76B | €3 | €4 | +€0 | +9.4% |
| Recurring financial income | 75 | €3 | €4 | +€0 | +9.4% |
| Financial charges | 65/66B | €253 | €1,778 | +€1,526 | +604% |
| Recurring financial charges | 65 | €253 | €1,778 | +€1,526 | +604% |
| Profit (loss) for the period before taxes | 9903 | -€6,973 | €9,184 | +€16,157 | |
| Income taxes | 67/77 | €110 | €2,315 | +€2,205 | +2,009% |
| Profit (loss) for the period | 9904 | -€7,083 | €6,870 | +€13,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,083 | €6,870 | +€13,952 |
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 31 October 2026 via checked.be.