THOMAS HENS: 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.
THOMAS HENS
Largest movements
- Tangible fixed assets +€5,727
new in 2025: €5,727
- Receivables within one year -€639
down €639 (-9.6%), from €6,671 to €6,032
of which Trade receivables: -€920
- Deferred charges and accrued income +€322
up €322 (+15.3%), from €2,101 to €2,423
- Other debts +€6,025
up €6,025 (+66.2%), from €9,107 to €15,131
- Profit (loss) carried forward -€3,251
down €3,251 (-4.0%), from -€80,767 to -€84,018
- Trade debts +€1,840
up €1,840 (+44.1%), from €4,170 to €6,010
- Short-term financial debts +€797
up €797 (+61.1%), from €1,305 to €2,101
- Other operating charges -€8,173
down €8,173 (-97.7%), from €8,368 to €195
- Gross operating margin -€4,911
down €4,911, from €2,818 to -€2,093
- Depreciation +€450
new in 2025: €450
- Financial charges +€185
up €185 (+56.0%), from €331 to €517
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 | €8,778 | €14,188 | +€5,410 | +61.6% |
| Fixed assets | 21/28 | - | €5,727 | +€5,727 | |
| Tangible fixed assets | 22/27 | - | €5,727 | +€5,727 | |
| Plant, machinery and equipment | 23 | - | €5,727 | +€5,727 | |
| Current assets | 29/58 | €8,778 | €8,460 | -€317 | -3.6% |
| Amounts receivable within one year | 40/41 | €6,671 | €6,032 | -€639 | -9.6% |
| Trade receivables | 40 | €5,805 | €4,885 | -€920 | -15.8% |
| Other amounts receivable | 41 | €867 | €1,148 | +€281 | +32.4% |
| Cash at bank and in hand | 54/58 | €5 | €5 | -€0 | -2.7% |
| Deferred charges and accrued income | 490/1 | €2,101 | €2,423 | +€322 | +15.3% |
| Total equity and liabilities | 10/49 | €8,778 | €14,188 | +€5,410 | +61.6% |
| Equity | 10/15 | -€59,354 | -€62,605 | -€3,251 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,813 | €2,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €949 | €949 | = | 0.0% |
| Reserves not available under the articles | 1311 | €949 | €949 | = | 0.0% |
| Distributable reserves | 133 | €1,864 | €1,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,767 | -€84,018 | -€3,251 | -4.0% |
| Amounts payable | 17/49 | €68,131 | €76,793 | +€8,661 | +12.7% |
| Amounts payable after more than one year | 17 | €53,550 | €53,550 | = | 0.0% |
| Financial debts | 170/4 | €53,550 | €53,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,581 | €23,243 | +€8,661 | +59.4% |
| Financial debts | 43 | €1,305 | €2,101 | +€797 | +61.1% |
| Credit institutions | 430/8 | €1,305 | €2,101 | +€797 | +61.1% |
| Trade debts | 44 | €4,170 | €6,010 | +€1,840 | +44.1% |
| Suppliers | 440/4 | €4,170 | €6,010 | +€1,840 | +44.1% |
| Other amounts payable | 47/48 | €9,107 | €15,131 | +€6,025 | +66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €450 | +€450 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,368 | €195 | -€8,173 | -97.7% |
| Gross operating margin | 9900 | €2,818 | -€2,093 | -€4,911 | |
| Operating profit (loss) | 9901 | -€5,550 | -€2,739 | +€2,812 | +50.7% |
| Financial income | 75/76B | €0 | €4 | +€4 | +9775.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +9775.0% |
| Financial charges | 65/66B | €331 | €517 | +€185 | +56.0% |
| Recurring financial charges | 65 | €331 | €517 | +€185 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,882 | -€3,251 | +€2,630 | +44.7% |
| Profit (loss) for the period | 9904 | -€5,882 | -€3,251 | +€2,630 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,882 | -€3,251 | +€2,630 | +44.7% |
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 12 October 2026 via checked.be.