Henskens: 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.
Henskens
Largest movements
- Tangible fixed assets +€721,909
up €721,909 (+111.1%), from €649,699 to €1.4m
of which Land and buildings: +€651,633
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€133,698
up €133,698 (+177.5%), from €75,339 to €209,036
mainly Debts after one year (+€558,493) and Depreciation (+€280,716)
- Receivables within one year +€122,998
up €122,998 (+45.5%), from €270,602 to €393,600
of which Other amounts receivable: +€174,191
- Debts after one year +€558,493
up €558,493 (+171.4%), from €325,851 to €884,345
- Tax, wage and social debts +€176,978
up €176,978 (+5748.6%), from €3,079 to €180,056
- Current portion of long-term debt +€63,535
up €63,535 (+45.4%), from €140,065 to €203,600
- Trade debts +€24,437
up €24,437 (+192.9%), from €12,669 to €37,106
- Gross operating margin -€73,664
down €73,664 (-18.3%), from €402,469 to €328,805
- Depreciation +€49,465
up €49,465 (+21.4%), from €231,250 to €280,716
- Financial charges +€16,107
up €16,107 (+97.3%), from €16,549 to €32,656
- Write-downs -€11,528
down €11,528 (-90.2%), from €12,783 to €1,255
- Taxes -€8,656
down €8,656 (-72.6%), from €11,928 to €3,271
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 | €1,162,835 | €1,998,912 | +€836,077 | +71.9% |
| Fixed assets | 21/28 | €649,699 | €1,371,608 | +€721,909 | +111.1% |
| Tangible fixed assets | 22/27 | €649,699 | €1,371,608 | +€721,909 | +111.1% |
| Land and buildings | 22 | €24,455 | €676,088 | +€651,633 | +2664.6% |
| Plant, machinery and equipment | 23 | €131,882 | €361,494 | +€229,612 | +174.1% |
| Furniture and vehicles | 24 | €304,034 | €224,228 | -€79,806 | -26.2% |
| Leasing and similar rights | 25 | €189,328 | €109,798 | -€79,530 | -42.0% |
| Current assets | 29/58 | €513,136 | €627,304 | +€114,168 | +22.2% |
| Amounts receivable within one year | 40/41 | €270,602 | €393,600 | +€122,998 | +45.5% |
| Trade receivables | 40 | €154,787 | €103,594 | -€51,193 | -33.1% |
| Other amounts receivable | 41 | €115,815 | €290,006 | +€174,191 | +150.4% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €75,339 | €209,036 | +€133,698 | +177.5% |
| Deferred charges and accrued income | 490/1 | €17,195 | €24,668 | +€7,472 | +43.5% |
| Total equity and liabilities | 10/49 | €1,162,835 | €1,998,912 | +€836,077 | +71.9% |
| Equity | 10/15 | €658,375 | €676,340 | +€17,965 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €639,775 | €657,740 | +€17,965 | +2.8% |
| Tax-exempt reserves | 132 | €75,027 | €68,668 | -€6,359 | -8.5% |
| Distributable reserves | 133 | €564,748 | €589,072 | +€24,324 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €18,757 | €17,167 | -€1,590 | -8.5% |
| Deferred taxes | 168 | €18,757 | €17,167 | -€1,590 | -8.5% |
| Amounts payable | 17/49 | €485,703 | €1,305,405 | +€819,702 | +168.8% |
| Amounts payable after more than one year | 17 | €325,851 | €884,345 | +€558,493 | +171.4% |
| Financial debts | 170/4 | €325,851 | €884,345 | +€558,493 | +171.4% |
| Amounts payable within one year | 42/48 | €159,852 | €421,060 | +€261,208 | +163.4% |
| Current portion of amounts payable after more than one year | 42 | €140,065 | €203,600 | +€63,535 | +45.4% |
| Trade debts | 44 | €12,669 | €37,106 | +€24,437 | +192.9% |
| Suppliers | 440/4 | €12,669 | €37,106 | +€24,437 | +192.9% |
| Taxes, remuneration and social security | 45 | €3,079 | €180,056 | +€176,978 | +5748.6% |
| Taxes | 450/3 | €3,079 | €180,056 | +€176,978 | +5748.6% |
| Other amounts payable | 47/48 | €4,039 | €298 | -€3,741 | -92.6% |
| Non-recurring operating income | 76A | €103,474 | €0 | -€103,474 | -100.0% |
| Remuneration, social security and pensions | 62 | €183 | €0 | -€183 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,250 | €280,716 | +€49,465 | +21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,783 | €1,255 | -€11,528 | -90.2% |
| Other operating charges | 640/8 | €1,397 | €2,440 | +€1,044 | +74.7% |
| Gross operating margin | 9900 | €402,469 | €328,805 | -€73,664 | -18.3% |
| Operating profit (loss) | 9901 | €156,856 | €44,394 | -€112,462 | -71.7% |
| Financial income | 75/76B | €1,875 | €7,909 | +€6,034 | +321.9% |
| Recurring financial income | 75 | €1,875 | €7,909 | +€6,034 | +321.9% |
| Financial charges | 65/66B | €16,549 | €32,656 | +€16,107 | +97.3% |
| Recurring financial charges | 65 | €16,549 | €32,656 | +€16,107 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €142,181 | €19,647 | -€122,534 | -86.2% |
| Transfer from deferred taxes | 780 | - | €1,590 | +€1,590 | |
| Transfer to deferred taxes | 680 | €18,757 | €0 | -€18,757 | -100.0% |
| Income taxes | 67/77 | €11,928 | €3,271 | -€8,656 | -72.6% |
| Profit (loss) for the period | 9904 | €111,496 | €17,965 | -€93,531 | -83.9% |
| Transfer from tax-exempt reserves | 789 | - | €6,359 | +€6,359 | |
| Transfer to tax-exempt reserves | 689 | €75,027 | €0 | -€75,027 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,469 | €24,324 | -€12,145 | -33.3% |
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.