HENVER: 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.
HENVER
Largest movements
- Tangible fixed assets -€42,474
down €42,474 (-5.1%), from €836,249 to €793,775
of which Land and buildings: -€39,681
- Debts after one year -€25,183
down €25,183 (-7.5%), from €335,263 to €310,080
- Other debts -€21,135
down €21,135 (-4.6%), from €457,584 to €436,448
- Gross operating margin -€6,891
down €6,891 (-10.8%), from €64,018 to €57,127
- Other operating charges -€1,577
down €1,577 (-24.2%), from €6,507 to €4,930
- Taxes -€645
down €645 (-30.8%), from €2,092 to €1,447
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 | €836,829 | €794,990 | -€41,839 | -5.0% |
| Fixed assets | 21/28 | €836,249 | €793,775 | -€42,474 | -5.1% |
| Tangible fixed assets | 22/27 | €836,249 | €793,775 | -€42,474 | -5.1% |
| Land and buildings | 22 | €827,457 | €787,775 | -€39,681 | -4.8% |
| Plant, machinery and equipment | 23 | €5,054 | €4,326 | -€728 | -14.4% |
| Furniture and vehicles | 24 | €3,738 | €1,674 | -€2,064 | -55.2% |
| Current assets | 29/58 | €581 | €1,215 | +€634 | +109.3% |
| Cash at bank and in hand | 54/58 | €581 | €1,215 | +€634 | +109.3% |
| Total equity and liabilities | 10/49 | €836,829 | €794,990 | -€41,839 | -5.0% |
| Equity | 10/15 | €4,348 | €6,481 | +€2,133 | +49.1% |
| Contributions | 10/11 | €40,060 | €40,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,712 | -€33,579 | +€2,133 | +6.0% |
| Amounts payable | 17/49 | €832,482 | €788,510 | -€43,972 | -5.3% |
| Amounts payable after more than one year | 17 | €335,263 | €310,080 | -€25,183 | -7.5% |
| Financial debts | 170/4 | €335,263 | €310,080 | -€25,183 | -7.5% |
| Amounts payable within one year | 42/48 | €495,024 | €474,088 | -€20,936 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €26,871 | €27,265 | +€394 | +1.5% |
| Trade debts | 44 | €7,616 | €6,819 | -€796 | -10.5% |
| Suppliers | 440/4 | €7,616 | €6,819 | -€796 | -10.5% |
| Taxes, remuneration and social security | 45 | €2,954 | €3,555 | +€602 | +20.4% |
| Taxes | 450/3 | €2,954 | €3,555 | +€602 | +20.4% |
| Other amounts payable | 47/48 | €457,584 | €436,448 | -€21,135 | -4.6% |
| Accrued charges and deferred income | 492/3 | €2,195 | €4,341 | +€2,146 | +97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,474 | €42,474 | = | 0.0% |
| Other operating charges | 640/8 | €6,507 | €4,930 | -€1,577 | -24.2% |
| Gross operating margin | 9900 | €64,018 | €57,127 | -€6,891 | -10.8% |
| Operating profit (loss) | 9901 | €15,037 | €9,723 | -€5,314 | -35.3% |
| Financial charges | 65/66B | €5,619 | €6,143 | +€524 | +9.3% |
| Recurring financial charges | 65 | €5,619 | €6,143 | +€524 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €9,418 | €3,580 | -€5,838 | -62.0% |
| Income taxes | 67/77 | €2,092 | €1,447 | -€645 | -30.8% |
| Profit (loss) for the period | 9904 | €7,327 | €2,133 | -€5,194 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,327 | €2,133 | -€5,194 | -70.9% |
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.