J.HENNO: what changed
J.HENNO
Largest movements
- Receivables within one year +€48,788
up €48,788 (+35.7%), from €136,552 to €185,340
of which Other amounts receivable: +€45,927
- Tangible fixed assets -€7,779
down €7,779 (-91.4%), from €8,507 to €729
of which Furniture and vehicles: -€7,646
- Cash +€4,683
up €4,683 (+7,805,033%), from €0 to €4,683
mainly Net result for the year (+€37,742) and Tax, wage and social debts (+€15,341)
- Profit (loss) carried forward +€37,742
up €37,742 (+300%), from €12,593 to €50,335
- Tax, wage and social debts +€15,341
up €15,341 (+36.3%), from €42,273 to €57,614
- Short-term financial debts -€5,115
no longer reported in 2025 (was €5,115)
- Current portion of long-term debt -€3,905
no longer reported in 2025 (was €3,905)
- Gross operating margin +€38,616
up €38,616 (+189%), from €20,481 to €59,096
- Taxes +€7,899
up €7,899 (+199%), from €3,977 to €11,877
- Financial charges +€704
up €704 (+128%), from €549 to €1,253
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,474 | €191,265 | +€45,792 | +31.5% |
| Fixed assets | 21/28 | €8,507 | €729 | -€7,779 | -91.4% |
| Tangible fixed assets | 22/27 | €8,507 | €729 | -€7,779 | -91.4% |
| Plant, machinery and equipment | 23 | €862 | €729 | -€133 | -15.4% |
| Furniture and vehicles | 24 | €7,646 | €0 | -€7,646 | -100.0% |
| Current assets | 29/58 | €136,966 | €190,537 | +€53,570 | +39.1% |
| Amounts receivable within one year | 40/41 | €136,552 | €185,340 | +€48,788 | +35.7% |
| Trade receivables | 40 | €10,903 | €13,764 | +€2,861 | +26.2% |
| Other amounts receivable | 41 | €125,649 | €171,576 | +€45,927 | +36.6% |
| Cash at bank and in hand | 54/58 | €0 | €4,683 | +€4,683 | +7,805,033% |
| Deferred charges and accrued income | 490/1 | €414 | €514 | +€100 | +24.1% |
| Total equity and liabilities | 10/49 | €145,474 | €191,265 | +€45,792 | +31.5% |
| Equity | 10/15 | €91,816 | €129,558 | +€37,742 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,023 | €73,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,163 | €71,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,593 | €50,335 | +€37,742 | +300% |
| Amounts payable | 17/49 | €53,658 | €61,707 | +€8,049 | +15.0% |
| Amounts payable within one year | 42/48 | €53,658 | €61,707 | +€8,049 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €3,905 | - | -€3,905 | |
| Financial debts | 43 | €5,115 | - | -€5,115 | |
| Credit institutions | 430/8 | €5,115 | - | -€5,115 | |
| Trade debts | 44 | €2,365 | €4,093 | +€1,728 | +73.0% |
| Suppliers | 440/4 | €2,365 | €4,093 | +€1,728 | +73.0% |
| Taxes, remuneration and social security | 45 | €42,273 | €57,614 | +€15,341 | +36.3% |
| Taxes | 450/3 | €42,273 | €57,614 | +€15,341 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,943 | €7,779 | -€165 | -2.1% |
| Other operating charges | 640/8 | €377 | €446 | +€69 | +18.4% |
| Gross operating margin | 9900 | €20,481 | €59,096 | +€38,616 | +189% |
| Operating profit (loss) | 9901 | €12,161 | €50,872 | +€38,711 | +318% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €549 | €1,253 | +€704 | +128% |
| Recurring financial charges | 65 | €549 | €1,253 | +€704 | +128% |
| Profit (loss) for the period before taxes | 9903 | €11,612 | €49,619 | +€38,007 | +327% |
| Income taxes | 67/77 | €3,977 | €11,877 | +€7,899 | +199% |
| Profit (loss) for the period | 9904 | €7,635 | €37,742 | +€30,108 | +394% |
| Profit (loss) for the period to be appropriated | 9905 | €7,635 | €37,742 | +€30,108 | +394% |
Next steps
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 6 November 2026 via checked.be.