HENSER: what changed
Two fiscal 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.
HENSER
Largest movements
- Tangible fixed assets +€47,457
up €47,457 (+65.2%), from €72,749 to €120,206
of which Furniture and vehicles: +€36,912
- Cash -€40,876
down €40,876 (-6.5%), from €629,602 to €588,725
mainly Investment in fixed assets (net) (-€57,063) and Other debts (-€18,333)
- Receivables within one year -€17,945
down €17,945 (-12.2%), from €146,557 to €128,612
- Other debts -€18,333
down €18,333 (-30.4%), from €60,394 to €42,060
- Reserves +€13,675
up €13,675 (+4.7%), from €292,463 to €306,138
of which Distributable reserves: +€18,633
- Gross operating margin -€38,406
down €38,406 (-51.9%), from €73,952 to €35,546
- Taxes -€12,917
down €12,917 (-56.7%), from €22,771 to €9,854
- Depreciation +€8,730
up €8,730 (+997.6%), from €875 to €9,606
- Financial charges +€1,542
up €1,542, from -€1,055 to €487
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €852,206 | €843,116 | -€9,089 | -1.1% |
| Fixed assets | 21/28 | €72,749 | €120,206 | +€47,457 | +65.2% |
| Tangible fixed assets | 22/27 | €72,749 | €120,206 | +€47,457 | +65.2% |
| Land and buildings | 22 | €70,000 | €70,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €558 | €11,103 | +€10,546 | +1891.1% |
| Furniture and vehicles | 24 | €2,191 | €39,103 | +€36,912 | +1684.6% |
| Current assets | 29/58 | €779,457 | €722,910 | -€56,547 | -7.3% |
| Stocks and contracts in progress | 3 | €3,212 | €5,486 | +€2,274 | +70.8% |
| Stocks | 30/36 | €3,212 | €5,486 | +€2,274 | +70.8% |
| Amounts receivable within one year | 40/41 | €146,557 | €128,612 | -€17,945 | -12.2% |
| Trade receivables | 40 | €146,557 | €128,612 | -€17,945 | -12.2% |
| Cash at bank and in hand | 54/58 | €629,602 | €588,725 | -€40,876 | -6.5% |
| Deferred charges and accrued income | 490/1 | €86 | €86 | +€0 | +0.5% |
| Total equity and liabilities | 10/49 | €852,206 | €843,116 | -€9,089 | -1.1% |
| Equity | 10/15 | €742,463 | €756,138 | +€13,675 | +1.8% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €292,463 | €306,138 | +€13,675 | +4.7% |
| Non-distributable reserves | 130/1 | €4,958 | - | -€4,958 | |
| Reserves not available under the articles | 1311 | €4,958 | - | -€4,958 | |
| Distributable reserves | 133 | €287,505 | €306,138 | +€18,633 | +6.5% |
| Amounts payable | 17/49 | €109,743 | €86,979 | -€22,764 | -20.7% |
| Amounts payable within one year | 42/48 | €109,743 | €86,979 | -€22,764 | -20.7% |
| Trade debts | 44 | €2,741 | €5,274 | +€2,534 | +92.5% |
| Suppliers | 440/4 | €2,741 | €5,274 | +€2,534 | +92.5% |
| Taxes, remuneration and social security | 45 | €46,609 | €39,644 | -€6,965 | -14.9% |
| Taxes | 450/3 | €42,909 | €35,094 | -€7,815 | -18.2% |
| Remuneration and social security | 454/9 | €3,700 | €4,550 | +€850 | +23.0% |
| Other amounts payable | 47/48 | €60,394 | €42,060 | -€18,333 | -30.4% |
| Non-recurring operating income | 76A | - | €18,989 | +€18,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €9,606 | +€8,730 | +997.6% |
| Other operating charges | 640/8 | €1,604 | €1,924 | +€320 | +20.0% |
| Gross operating margin | 9900 | €73,952 | €35,546 | -€38,406 | -51.9% |
| Operating profit (loss) | 9901 | €71,473 | €24,016 | -€47,457 | -66.4% |
| Financial charges | 65/66B | -€1,055 | €487 | +€1,542 | |
| Recurring financial charges | 65 | -€1,055 | €487 | +€1,542 | |
| Profit (loss) for the period before taxes | 9903 | €72,528 | €23,529 | -€48,999 | -67.6% |
| Income taxes | 67/77 | €22,771 | €9,854 | -€12,917 | -56.7% |
| Profit (loss) for the period | 9904 | €49,757 | €13,675 | -€36,082 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,757 | €13,675 | -€36,082 | -72.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.