HENZ CONSTRUCT: 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.
HENZ CONSTRUCT
Largest movements
- Cash +€23,263
up €23,263 (+243%), from €9,576 to €32,839
mainly Net result for the year (+€21,909) and Depreciation (+€15,148)
- Tangible fixed assets -€15,148
down €15,148 (-24.3%), from €62,258 to €47,110
of which Furniture and vehicles: -€11,432
- Stocks and contracts -€3,200
down €3,200 (-100%), from €3,200 to €0
- Profit (loss) carried forward +€21,909
up €21,909 (+37.1%), from -€59,077 to -€37,169
- Other debts -€15,682
down €15,682 (-13.5%), from €116,524 to €100,843
- Trade debts -€7,599
down €7,599 (-74.1%), from €10,251 to €2,652
- Accrued charges and deferred income +€4,816
new in 2025: €4,816
- Tax, wage and social debts +€1,714
up €1,714 (+322%), from €533 to €2,246
- Provisions +€74,072
up €74,072, from -€74,072 to €0
- Gross operating margin +€68,304
up €68,304, from -€24,865 to €43,440
- Taxes -€24,678
down €24,678 (-93.0%), from €26,528 to €1,850
- Financial charges +€3,703
up €3,703 (+317%), from €1,169 to €4,873
- Financial income +€1,531
up €1,531 (+10,489%), from €15 to €1,546
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 | €149,221 | €154,379 | +€5,158 | +3.5% |
| Fixed assets | 21/28 | €132,258 | €117,110 | -€15,148 | -11.5% |
| Tangible fixed assets | 22/27 | €62,258 | €47,110 | -€15,148 | -24.3% |
| Furniture and vehicles | 24 | €38,800 | €27,368 | -€11,432 | -29.5% |
| Other tangible fixed assets | 26 | €23,458 | €19,743 | -€3,715 | -15.8% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €16,963 | €37,268 | +€20,305 | +120% |
| Stocks and contracts in progress | 3 | €3,200 | €0 | -€3,200 | -100% |
| Stocks | 30/36 | €3,200 | €0 | -€3,200 | -100% |
| Amounts receivable within one year | 40/41 | €2,425 | €2,452 | +€26 | +1.1% |
| Trade receivables | 40 | €1,800 | €1,800 | = | 0.0% |
| Other amounts receivable | 41 | €625 | €652 | +€26 | +4.2% |
| Cash at bank and in hand | 54/58 | €9,576 | €32,839 | +€23,263 | +243% |
| Deferred charges and accrued income | 490/1 | €1,762 | €1,978 | +€216 | +12.2% |
| Total equity and liabilities | 10/49 | €149,221 | €154,379 | +€5,158 | +3.5% |
| Equity | 10/15 | €21,913 | €43,821 | +€21,909 | +100.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €30,990 | €30,990 | = | 0.0% |
| Distributable reserves | 133 | €30,990 | €30,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,077 | -€37,169 | +€21,909 | +37.1% |
| Amounts payable | 17/49 | €127,308 | €110,557 | -€16,751 | -13.2% |
| Amounts payable within one year | 42/48 | €127,308 | €105,742 | -€21,567 | -16.9% |
| Trade debts | 44 | €10,251 | €2,652 | -€7,599 | -74.1% |
| Suppliers | 440/4 | €10,251 | €2,652 | -€7,599 | -74.1% |
| Taxes, remuneration and social security | 45 | €533 | €2,246 | +€1,714 | +322% |
| Taxes | 450/3 | €533 | €2,246 | +€1,714 | +322% |
| Other amounts payable | 47/48 | €116,524 | €100,843 | -€15,682 | -13.5% |
| Accrued charges and deferred income | 492/3 | - | €4,816 | +€4,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,547 | €15,148 | -€400 | -2.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€74,072 | €0 | +€74,072 | |
| Other operating charges | 640/8 | €925 | €1,207 | +€281 | +30.4% |
| Gross operating margin | 9900 | -€24,865 | €43,440 | +€68,304 | |
| Operating profit (loss) | 9901 | €32,734 | €27,085 | -€5,649 | -17.3% |
| Financial income | 75/76B | €15 | €1,546 | +€1,531 | +10,489% |
| Recurring financial income | 75 | €15 | €1,546 | +€1,531 | +10,489% |
| Financial charges | 65/66B | €1,169 | €4,873 | +€3,703 | +317% |
| Recurring financial charges | 65 | €1,169 | €4,873 | +€3,703 | +317% |
| Profit (loss) for the period before taxes | 9903 | €31,580 | €23,759 | -€7,821 | -24.8% |
| Income taxes | 67/77 | €26,528 | €1,850 | -€24,678 | -93.0% |
| Profit (loss) for the period | 9904 | €5,052 | €21,909 | +€16,857 | +334% |
| Profit (loss) for the period to be appropriated | 9905 | €5,052 | €21,909 | +€16,857 | +334% |
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 14 October 2026 via checked.be.