HENSON: 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.
HENSON
Largest movements
- Receivables within one year +€20,526
up €20,526 (+12.2%), from €168,138 to €188,664
of which Other amounts receivable: +€18,013
- Cash +€8,577
up €8,577 (+72.3%), from €11,855 to €20,432
mainly Net result for the year (+€94,819) and Accrued charges and deferred income (+€33,185)
- Profit (loss) carried forward +€94,819
up €94,819 (+61.6%), from €153,856 to €248,675
- Other debts -€82,931
down €82,931 (-14.8%), from €560,684 to €477,753
- Accrued charges and deferred income +€33,185
new in 2025: €33,185
- Tax, wage and social debts -€10,364
down €10,364 (-27.3%), from €37,974 to €27,610
- Gross operating margin +€29,824
up €29,824 (+30.4%), from €98,027 to €127,851
- Depreciation -€4,139
down €4,139 (-41.9%), from €9,879 to €5,740
- Other operating charges -€1,963
down €1,963 (-62.4%), from €3,148 to €1,185
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 | €814,858 | €838,221 | +€23,363 | +2.9% |
| Fixed assets | 21/28 | €634,865 | €629,125 | -€5,740 | -0.9% |
| Tangible fixed assets | 22/27 | €8,115 | €2,375 | -€5,740 | -70.7% |
| Plant, machinery and equipment | 23 | - | €371 | +€371 | |
| Furniture and vehicles | 24 | €8,115 | €2,004 | -€6,111 | -75.3% |
| Financial fixed assets | 28 | €626,750 | €626,750 | = | 0.0% |
| Current assets | 29/58 | €179,993 | €209,096 | +€29,103 | +16.2% |
| Amounts receivable within one year | 40/41 | €168,138 | €188,664 | +€20,526 | +12.2% |
| Trade receivables | 40 | €129,448 | €131,961 | +€2,513 | +1.9% |
| Other amounts receivable | 41 | €38,690 | €56,703 | +€18,013 | +46.6% |
| Cash at bank and in hand | 54/58 | €11,855 | €20,432 | +€8,577 | +72.3% |
| Total equity and liabilities | 10/49 | €814,858 | €838,221 | +€23,363 | +2.9% |
| Equity | 10/15 | €179,473 | €274,292 | +€94,819 | +52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,017 | €7,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,157 | €5,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,856 | €248,675 | +€94,819 | +61.6% |
| Amounts payable | 17/49 | €635,385 | €563,929 | -€71,456 | -11.2% |
| Amounts payable after more than one year | 17 | €6,601 | - | -€6,601 | |
| Financial debts | 170/4 | €6,601 | - | -€6,601 | |
| Amounts payable within one year | 42/48 | €628,784 | €530,744 | -€98,040 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €23,381 | €22,560 | -€821 | -3.5% |
| Trade debts | 44 | €6,745 | €2,821 | -€3,924 | -58.2% |
| Suppliers | 440/4 | €6,745 | €2,821 | -€3,924 | -58.2% |
| Taxes, remuneration and social security | 45 | €37,974 | €27,610 | -€10,364 | -27.3% |
| Taxes | 450/3 | €37,974 | €27,610 | -€10,364 | -27.3% |
| Other amounts payable | 47/48 | €560,684 | €477,753 | -€82,931 | -14.8% |
| Accrued charges and deferred income | 492/3 | - | €33,185 | +€33,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,879 | €5,740 | -€4,139 | -41.9% |
| Other operating charges | 640/8 | €3,148 | €1,185 | -€1,963 | -62.4% |
| Gross operating margin | 9900 | €98,027 | €127,851 | +€29,824 | +30.4% |
| Operating profit (loss) | 9901 | €85,000 | €120,926 | +€35,926 | +42.3% |
| Financial income | 75/76B | €2 | €10 | +€8 | +400% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +400% |
| Financial charges | 65/66B | €1,182 | €1,102 | -€80 | -6.8% |
| Recurring financial charges | 65 | €1,182 | €1,102 | -€80 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €83,820 | €119,834 | +€36,014 | +43.0% |
| Income taxes | 67/77 | €25,349 | €25,015 | -€334 | -1.3% |
| Profit (loss) for the period | 9904 | €58,471 | €94,819 | +€36,348 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,471 | €94,819 | +€36,348 | +62.2% |
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 27 October 2026 via checked.be.