HENVO: what changed
What changed
HENVO
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€209,321
2024 · €143,948+€65,373
Equity
€227,921
2024 · €413,455-€185,534
Cash
€349,283
2024 · €205,870+€143,413
Balance sheet total
€641,599
2024 · €608,931+€32,668
Largest movements
Assets
- Cash +€143,413
up €143,413 (+69.7%), from €205,870 to €349,283
mainly Other debts (+€246,618) and Net result for the year (+€209,321)
- Receivables within one year -€96,328
down €96,328 (-59.7%), from €161,400 to €65,072
of which Trade receivables: -€74,189
- Tangible fixed assets -€16,831
down €16,831 (-8.7%), from €194,066 to €177,234
of which Furniture and vehicles: -€10,774
Equity and liabilities
- Other debts +€246,618
up €246,618 (+950%), from €25,951 to €272,569
- Reserves -€185,534
down €185,534 (-47.0%), from €394,855 to €209,321
- Trade debts -€42,486
down €42,486 (-58.6%), from €72,492 to €30,006
- Tax, wage and social debts +€27,573
up €27,573 (+273%), from €10,115 to €37,688
of which Taxes: +€26,796
- Debts after one year -€8,354
down €8,354 (-11.5%), from €72,740 to €64,387
Income statement
- Gross operating margin +€100,017
up €100,017 (+23.2%), from €431,924 to €531,941
- Taxes +€23,777
up €23,777 (+55.0%), from €43,225 to €67,002
- Staff costs +€9,736
up €9,736 (+4.6%), from €212,454 to €222,189
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€143,948
Gross operating margin
+€100,017
Staff costs
-€9,736
Depreciation
-€3,818
Other operating charges
-€79
Financial income
+€1,552
Financial charges
+€1,214
Taxes
-€23,777
Result 2025
€209,321
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€566,884
Investment
-€20,657
Financing
-€402,814
Cash 2024
€205,870
From operations (derived)
+€566,884
Net result for the year
+€209,321
Depreciation
+€37,489
Stocks and contracts
-€1,130
Receivables within one year
+€96,328
Deferred charges and accrued income
-€1,284
Trade debts
-€42,486
Tax, wage and social debts
+€27,573
Other debts
+€246,618
Accrued charges and deferred income
-€5,545
Investment (derived)
-€20,657
Investment in fixed assets (net)
-€20,657
Financing
-€402,814
Debts after one year
-€8,354
Current portion of long-term debt
+€395
Contributions, distributions and other
-€394,855
Cash 2025
€349,283
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,931 | €641,599 | +€32,668 | +5.4% |
| Fixed assets | 21/28 | €194,666 | €177,834 | -€16,831 | -8.6% |
| Tangible fixed assets | 22/27 | €194,066 | €177,234 | -€16,831 | -8.7% |
| Land and buildings | 22 | €126,651 | €117,727 | -€8,925 | -7.0% |
| Plant, machinery and equipment | 23 | €5,948 | €8,815 | +€2,867 | +48.2% |
| Furniture and vehicles | 24 | €61,466 | €50,692 | -€10,774 | -17.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €414,266 | €463,765 | +€49,499 | +11.9% |
| Stocks and contracts in progress | 3 | €41,650 | €42,780 | +€1,130 | +2.7% |
| Stocks | 30/36 | €41,650 | €42,780 | +€1,130 | +2.7% |
| Amounts receivable within one year | 40/41 | €161,400 | €65,072 | -€96,328 | -59.7% |
| Trade receivables | 40 | €121,261 | €47,072 | -€74,189 | -61.2% |
| Other amounts receivable | 41 | €40,139 | €18,001 | -€22,138 | -55.2% |
| Cash at bank and in hand | 54/58 | €205,870 | €349,283 | +€143,413 | +69.7% |
| Deferred charges and accrued income | 490/1 | €5,346 | €6,630 | +€1,284 | +24.0% |
| Total equity and liabilities | 10/49 | €608,931 | €641,599 | +€32,668 | +5.4% |
| Equity | 10/15 | €413,455 | €227,921 | -€185,534 | -44.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €394,855 | €209,321 | -€185,534 | -47.0% |
| Distributable reserves | 133 | €394,855 | €209,321 | -€185,534 | -47.0% |
| Amounts payable | 17/49 | €195,476 | €413,677 | +€218,201 | +112% |
| Amounts payable after more than one year | 17 | €72,740 | €64,387 | -€8,354 | -11.5% |
| Financial debts | 170/4 | €72,740 | €64,387 | -€8,354 | -11.5% |
| Amounts payable within one year | 42/48 | €116,516 | €348,616 | +€232,100 | +199% |
| Current portion of amounts payable after more than one year | 42 | €7,959 | €8,354 | +€395 | +5.0% |
| Trade debts | 44 | €72,492 | €30,006 | -€42,486 | -58.6% |
| Suppliers | 440/4 | €72,492 | €30,006 | -€42,486 | -58.6% |
| Taxes, remuneration and social security | 45 | €10,115 | €37,688 | +€27,573 | +273% |
| Taxes | 450/3 | €5,700 | €32,496 | +€26,796 | +470% |
| Remuneration and social security | 454/9 | €4,415 | €5,192 | +€777 | +17.6% |
| Other amounts payable | 47/48 | €25,951 | €272,569 | +€246,618 | +950% |
| Accrued charges and deferred income | 492/3 | €6,220 | €675 | -€5,545 | -89.2% |
| Non-recurring operating income | 76A | €960 | €69 | -€891 | -92.8% |
| Remuneration, social security and pensions | 62 | €212,454 | €222,189 | +€9,736 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,671 | €37,489 | +€3,818 | +11.3% |
| Other operating charges | 640/8 | €2,515 | €2,594 | +€79 | +3.1% |
| Gross operating margin | 9900 | €431,924 | €531,941 | +€100,017 | +23.2% |
| Operating profit (loss) | 9901 | €183,284 | €269,669 | +€86,384 | +47.1% |
| Financial income | 75/76B | €9,115 | €10,668 | +€1,552 | +17.0% |
| Recurring financial income | 75 | €9,115 | €10,668 | +€1,552 | +17.0% |
| Financial charges | 65/66B | €5,227 | €4,013 | -€1,214 | -23.2% |
| Recurring financial charges | 65 | €5,227 | €4,013 | -€1,214 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €187,173 | €276,323 | +€89,151 | +47.6% |
| Income taxes | 67/77 | €43,225 | €67,002 | +€23,777 | +55.0% |
| Profit (loss) for the period | 9904 | €143,948 | €209,321 | +€65,373 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €143,948 | €209,321 | +€65,373 | +45.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.