SRL HENVARD: 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.
SRL HENVARD
Largest movements
- Tangible fixed assets -€9,599
down €9,599 (-3.4%), from €283,836 to €274,237
of which Land and buildings: -€9,170
- Debts after one year -€11,515
down €11,515 (-4.7%), from €247,330 to €235,815
- Other debts +€5,139
up €5,139 (+34.1%), from €15,075 to €20,214
- Profit (loss) carried forward -€4,515
down €4,515 (-13.1%), from -€34,506 to -€39,021
- Other operating charges -€1,275
down €1,275 (-76.1%), from €1,675 to €400
- Depreciation +€501
up €501 (+3.3%), from €15,312 to €15,813
- Financial charges -€322
down €322 (-4.2%), from €7,679 to €7,357
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 | €284,674 | €275,046 | -€9,628 | -3.4% |
| Fixed assets | 21/28 | €283,836 | €274,237 | -€9,599 | -3.4% |
| Tangible fixed assets | 22/27 | €283,836 | €274,237 | -€9,599 | -3.4% |
| Land and buildings | 22 | €282,272 | €273,102 | -€9,170 | -3.2% |
| Furniture and vehicles | 24 | €1,564 | €1,135 | -€429 | -27.4% |
| Current assets | 29/58 | €838 | €809 | -€29 | -3.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €775 | €743 | -€31 | -4.1% |
| Deferred charges and accrued income | 490/1 | €63 | €65 | +€2 | +3.8% |
| Total equity and liabilities | 10/49 | €284,674 | €275,046 | -€9,628 | -3.4% |
| Equity | 10/15 | €10,494 | €5,979 | -€4,515 | -43.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €45,000 | +€45,000 | |
| Other | 1109/19 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | -€34,506 | -€39,021 | -€4,515 | -13.1% |
| Amounts payable | 17/49 | €274,180 | €269,067 | -€5,113 | -1.9% |
| Amounts payable after more than one year | 17 | €247,330 | €235,815 | -€11,515 | -4.7% |
| Financial debts | 170/4 | €247,330 | €235,815 | -€11,515 | -4.7% |
| Amounts payable within one year | 42/48 | €26,849 | €33,181 | +€6,332 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €11,197 | €11,515 | +€319 | +2.8% |
| Trade debts | 44 | €578 | €1,452 | +€874 | +151% |
| Suppliers | 440/4 | €578 | €1,452 | +€874 | +151% |
| Other amounts payable | 47/48 | €15,075 | €20,214 | +€5,139 | +34.1% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,312 | €15,813 | +€501 | +3.3% |
| Other operating charges | 640/8 | €1,675 | €400 | -€1,275 | -76.1% |
| Gross operating margin | 9900 | €19,168 | €19,055 | -€113 | -0.6% |
| Operating profit (loss) | 9901 | €2,181 | €2,842 | +€661 | +30.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,679 | €7,357 | -€322 | -4.2% |
| Recurring financial charges | 65 | €7,679 | €7,357 | -€322 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,498 | -€4,515 | +€983 | +17.9% |
| Profit (loss) for the period | 9904 | -€5,498 | -€4,515 | +€983 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,498 | -€4,515 | +€983 | +17.9% |
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 24 October 2026 via checked.be.