HENVANCO: 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.
HENVANCO
Largest movements
- Tangible fixed assets -€32,293
down €32,293 (-29.7%), from €108,582 to €76,289
of which Furniture and vehicles: -€30,392
- Receivables within one year +€32,057
up €32,057 (+73.1%), from €43,863 to €75,920
of which Trade receivables: +€35,921
- Cash -€12,655
down €12,655 (-5.0%), from €251,331 to €238,676
mainly Contributions, distributions and other (-€240,000) and Other debts (-€39,337)
- Other debts -€39,337
down €39,337 (-15.7%), from €250,078 to €210,741
- Trade debts +€11,983
up €11,983 (+1741.5%), from €688 to €12,672
- Tax, wage and social debts +€10,568
up €10,568 (+1422.6%), from €743 to €11,311
of which Taxes: +€7,580
- Gross operating margin +€13,967
up €13,967 (+4.0%), from €346,433 to €360,400
- Taxes +€11,956
up €11,956 (+16.8%), from €71,367 to €83,323
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 | €606,275 | €592,690 | -€13,585 | -2.2% |
| Fixed assets | 21/28 | €310,386 | €278,093 | -€32,293 | -10.4% |
| Tangible fixed assets | 22/27 | €108,582 | €76,289 | -€32,293 | -29.7% |
| Plant, machinery and equipment | 23 | €3,231 | €2,183 | -€1,048 | -32.4% |
| Furniture and vehicles | 24 | €99,998 | €69,606 | -€30,392 | -30.4% |
| Other tangible fixed assets | 26 | €5,354 | €4,500 | -€854 | -15.9% |
| Financial fixed assets | 28 | €201,804 | €201,804 | = | 0.0% |
| Current assets | 29/58 | €295,889 | €314,596 | +€18,707 | +6.3% |
| Amounts receivable within one year | 40/41 | €43,863 | €75,920 | +€32,057 | +73.1% |
| Trade receivables | 40 | €39,738 | €75,659 | +€35,921 | +90.4% |
| Other amounts receivable | 41 | €4,125 | €261 | -€3,864 | -93.7% |
| Cash at bank and in hand | 54/58 | €251,331 | €238,676 | -€12,655 | -5.0% |
| Deferred charges and accrued income | 490/1 | €695 | - | -€695 | |
| Total equity and liabilities | 10/49 | €606,275 | €592,690 | -€13,585 | -2.2% |
| Equity | 10/15 | €354,766 | €357,966 | +€3,200 | +0.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €351,860 | €351,860 | = | 0.0% |
| Distributable reserves | 133 | €351,860 | €351,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,906 | €5,106 | +€3,200 | +167.9% |
| Amounts payable | 17/49 | €251,509 | €234,724 | -€16,785 | -6.7% |
| Amounts payable within one year | 42/48 | €251,509 | €234,724 | -€16,785 | -6.7% |
| Trade debts | 44 | €688 | €12,672 | +€11,983 | +1741.5% |
| Suppliers | 440/4 | €688 | €12,672 | +€11,983 | +1741.5% |
| Taxes, remuneration and social security | 45 | €743 | €11,311 | +€10,568 | +1422.6% |
| Taxes | 450/3 | €743 | €8,323 | +€7,580 | +1020.4% |
| Remuneration and social security | 454/9 | - | €2,988 | +€2,988 | |
| Other amounts payable | 47/48 | €250,078 | €210,741 | -€39,337 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,662 | €32,293 | -€2,369 | -6.8% |
| Other operating charges | 640/8 | €1,841 | €1,497 | -€344 | -18.7% |
| Non-recurring operating charges | 66A | €379 | - | -€379 | |
| Gross operating margin | 9900 | €346,433 | €360,400 | +€13,967 | +4.0% |
| Operating profit (loss) | 9901 | €309,551 | €326,610 | +€17,059 | +5.5% |
| Financial income | 75/76B | €301 | €1 | -€300 | -99.7% |
| Recurring financial income | 75 | €301 | €1 | -€300 | -99.7% |
| Financial charges | 65/66B | €43 | €88 | +€44 | +102.6% |
| Recurring financial charges | 65 | €43 | €88 | +€44 | +102.6% |
| Profit (loss) for the period before taxes | 9903 | €309,809 | €326,523 | +€16,714 | +5.4% |
| Income taxes | 67/77 | €71,367 | €83,323 | +€11,956 | +16.8% |
| Profit (loss) for the period | 9904 | €238,442 | €243,200 | +€4,758 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €238,442 | €243,200 | +€4,758 | +2.0% |
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 10 October 2026 via checked.be.