J. HENROTTE - ENGINEERING: 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.
J. HENROTTE - ENGINEERING
Largest movements
- Cash +€470,434
up €470,434 (+9,608%), from €4,896 to €475,330
mainly Receivables within one year (+€310,325) and Trade debts (+€131,173)
- Receivables within one year -€310,325
down €310,325 (-66.7%), from €465,515 to €155,190
of which Trade receivables: -€299,651
- Reserves -€144,000
down €144,000 (-45.7%), from €315,360 to €171,360
- Trade debts +€131,173
up €131,173 (+232%), from €56,494 to €187,667
- Other debts +€94,291
up €94,291 (+38.7%), from €243,921 to €338,213
- Profit (loss) carried forward +€76,131
up €76,131 (+55.0%), from €138,310 to €214,441
- Debts after one year -€30,764
down €30,764 (-24.6%), from €124,973 to €94,209
- Gross operating margin -€27,487
down €27,487 (-6.1%), from €450,117 to €422,630
- Taxes -€18,627
down €18,627 (-49.4%), from €37,695 to €19,067
- Financial charges +€16,503
up €16,503 (+23.4%), from €70,656 to €87,159
- Staff costs +€16,467
up €16,467 (+9.5%), from €172,709 to €189,176
- Depreciation +€10,484
up €10,484 (+27.6%), from €38,008 to €48,492
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 | €969,708 | €1,114,076 | +€144,368 | +14.9% |
| Fixed assets | 21/28 | €297,751 | €287,652 | -€10,100 | -3.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €297,656 | €287,557 | -€10,100 | -3.4% |
| Land and buildings | 22 | €227,959 | €201,315 | -€26,645 | -11.7% |
| Plant, machinery and equipment | 23 | €3,762 | €2,572 | -€1,190 | -31.6% |
| Furniture and vehicles | 24 | €65,935 | €83,670 | +€17,735 | +26.9% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €671,957 | €826,424 | +€154,468 | +23.0% |
| Stocks and contracts in progress | 3 | €197,161 | €191,429 | -€5,733 | -2.9% |
| Stocks | 30/36 | €197,161 | €191,429 | -€5,733 | -2.9% |
| Amounts receivable within one year | 40/41 | €465,515 | €155,190 | -€310,325 | -66.7% |
| Trade receivables | 40 | €440,569 | €140,917 | -€299,651 | -68.0% |
| Other amounts receivable | 41 | €24,946 | €14,273 | -€10,673 | -42.8% |
| Cash at bank and in hand | 54/58 | €4,896 | €475,330 | +€470,434 | +9,608% |
| Deferred charges and accrued income | 490/1 | €4,384 | €4,475 | +€91 | +2.1% |
| Total equity and liabilities | 10/49 | €969,708 | €1,114,076 | +€144,368 | +14.9% |
| Equity | 10/15 | €485,279 | €415,098 | -€70,181 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,360 | €171,360 | -€144,000 | -45.7% |
| Distributable reserves | 133 | €315,360 | €171,360 | -€144,000 | -45.7% |
| Profit (loss) carried forward | 14 | €138,310 | €214,441 | +€76,131 | +55.0% |
| Investment grants | 15 | €13,009 | €10,697 | -€2,313 | -17.8% |
| Amounts payable | 17/49 | €484,429 | €698,978 | +€214,549 | +44.3% |
| Amounts payable after more than one year | 17 | €124,973 | €94,209 | -€30,764 | -24.6% |
| Financial debts | 170/4 | €124,973 | €94,209 | -€30,764 | -24.6% |
| Amounts payable within one year | 42/48 | €341,286 | €595,811 | +€254,525 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €30,011 | €30,764 | +€753 | +2.5% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €56,494 | €187,667 | +€131,173 | +232% |
| Suppliers | 440/4 | €56,494 | €187,667 | +€131,173 | +232% |
| Taxes, remuneration and social security | 45 | €10,860 | €39,168 | +€28,308 | +261% |
| Taxes | 450/3 | €0 | €17,469 | +€17,469 | |
| Remuneration and social security | 454/9 | €10,860 | €21,698 | +€10,839 | +99.8% |
| Other amounts payable | 47/48 | €243,921 | €338,213 | +€94,291 | +38.7% |
| Accrued charges and deferred income | 492/3 | €18,170 | €8,958 | -€9,212 | -50.7% |
| Remuneration, social security and pensions | 62 | €172,709 | €189,176 | +€16,467 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,008 | €48,492 | +€10,484 | +27.6% |
| Other operating charges | 640/8 | €7,098 | €5,482 | -€1,616 | -22.8% |
| Gross operating margin | 9900 | €450,117 | €422,630 | -€27,487 | -6.1% |
| Operating profit (loss) | 9901 | €232,302 | €179,481 | -€52,821 | -22.7% |
| Financial income | 75/76B | €3,376 | €2,877 | -€499 | -14.8% |
| Recurring financial income | 75 | €3,376 | €2,877 | -€499 | -14.8% |
| Financial charges | 65/66B | €70,656 | €87,159 | +€16,503 | +23.4% |
| Recurring financial charges | 65 | €70,656 | €87,159 | +€16,503 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €165,022 | €95,199 | -€69,823 | -42.3% |
| Income taxes | 67/77 | €37,695 | €19,067 | -€18,627 | -49.4% |
| Profit (loss) for the period | 9904 | €127,327 | €76,131 | -€51,196 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,327 | €76,131 | -€51,196 | -40.2% |
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 19 October 2026 via checked.be.