HENVRO: what changed
Two fiscal 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.
HENVRO
Largest movements
- Receivables within one year +€7,218
up €7,218 (+29.8%), from €24,221 to €31,439
- Profit (loss) carried forward +€4,805
up €4,805 (+19.1%), from -€25,192 to -€20,387
- Other debts +€1,800
up €1,800 (+251.5%), from €716 to €2,516
- Tax, wage and social debts +€808
up €808 (+59.1%), from €1,366 to €2,174
- Taxes +€762
up €762 (+65.3%), from €1,167 to €1,928
- Gross operating margin -€169
down €169 (-2.1%), from €8,123 to €7,954
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 | €39,568 | €47,006 | +€7,438 | +18.8% |
| Fixed assets | 21/28 | €14,583 | €14,428 | -€155 | -1.1% |
| Tangible fixed assets | 22/27 | €14,583 | €14,428 | -€155 | -1.1% |
| Land and buildings | 22 | €14,583 | €14,428 | -€155 | -1.1% |
| Current assets | 29/58 | €24,985 | €32,577 | +€7,593 | +30.4% |
| Amounts receivable within one year | 40/41 | €24,221 | €31,439 | +€7,218 | +29.8% |
| Other amounts receivable | 41 | €24,221 | €31,439 | +€7,218 | +29.8% |
| Cash at bank and in hand | 54/58 | €58 | €406 | +€348 | +600.9% |
| Deferred charges and accrued income | 490/1 | €706 | €732 | +€26 | +3.7% |
| Total equity and liabilities | 10/49 | €39,568 | €47,006 | +€7,438 | +18.8% |
| Equity | 10/15 | €36,808 | €41,613 | +€4,805 | +13.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,192 | -€20,387 | +€4,805 | +19.1% |
| Amounts payable | 17/49 | €2,759 | €5,393 | +€2,634 | +95.4% |
| Amounts payable within one year | 42/48 | €2,759 | €5,393 | +€2,634 | +95.4% |
| Trade debts | 44 | €677 | €703 | +€25 | +3.8% |
| Suppliers | 440/4 | €677 | €703 | +€25 | +3.8% |
| Taxes, remuneration and social security | 45 | €1,366 | €2,174 | +€808 | +59.1% |
| Taxes | 450/3 | €1,366 | €2,174 | +€808 | +59.1% |
| Other amounts payable | 47/48 | €716 | €2,516 | +€1,800 | +251.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155 | €155 | = | 0.0% |
| Other operating charges | 640/8 | €1,050 | €1,021 | -€29 | -2.7% |
| Gross operating margin | 9900 | €8,123 | €7,954 | -€169 | -2.1% |
| Operating profit (loss) | 9901 | €6,919 | €6,778 | -€141 | -2.0% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €6,875 | €6,733 | -€142 | -2.1% |
| Income taxes | 67/77 | €1,167 | €1,928 | +€762 | +65.3% |
| Profit (loss) for the period | 9904 | €5,708 | €4,805 | -€904 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,708 | €4,805 | -€904 | -15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.