VT.HENNAUT: 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.
VT.HENNAUT
Largest movements
- Receivables within one year +€13,583
up €13,583 (+49.9%), from €27,219 to €40,801
of which Trade receivables: +€11,631
- Tangible fixed assets -€6,134
down €6,134 (-64.1%), from €9,562 to €3,428
of which Plant, machinery and equipment: -€3,583
- Deferred charges and accrued income +€1,167
up €1,167 (+96.0%), from €1,216 to €2,383
- Profit (loss) carried forward +€12,296
up €12,296 (+2,809%), from €438 to €12,734
- Trade debts +€6,817
up €6,817 (+147%), from €4,624 to €11,442
- Short-term financial debts -€5,371
down €5,371 (-69.5%), from €7,733 to €2,362
- Tax, wage and social debts -€4,885
down €4,885 (-59.8%), from €8,168 to €3,283
- Other debts +€704
up €704 (+82.0%), from €859 to €1,563
- Gross operating margin -€21,132
down €21,132 (-45.7%), from €46,200 to €25,068
- Taxes -€6,769
down €6,769 (-61.7%), from €10,976 to €4,208
- Depreciation -€2,383
down €2,383 (-38.8%), from €6,142 to €3,759
- Other operating charges +€1,318
up €1,318 (+62.7%), from €2,103 to €3,421
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 | €50,322 | €59,884 | +€9,562 | +19.0% |
| Fixed assets | 21/28 | €9,562 | €3,428 | -€6,134 | -64.1% |
| Tangible fixed assets | 22/27 | €9,562 | €3,428 | -€6,134 | -64.1% |
| Plant, machinery and equipment | 23 | €6,624 | €3,041 | -€3,583 | -54.1% |
| Furniture and vehicles | 24 | €2,938 | €387 | -€2,551 | -86.8% |
| Current assets | 29/58 | €40,760 | €56,456 | +€15,695 | +38.5% |
| Stocks and contracts in progress | 3 | €12,066 | €12,507 | +€441 | +3.7% |
| Stocks | 30/36 | €12,066 | €12,507 | +€441 | +3.7% |
| Amounts receivable within one year | 40/41 | €27,219 | €40,801 | +€13,583 | +49.9% |
| Trade receivables | 40 | €6,378 | €18,009 | +€11,631 | +182% |
| Other amounts receivable | 41 | €20,841 | €22,792 | +€1,952 | +9.4% |
| Cash at bank and in hand | 54/58 | €260 | €764 | +€504 | +194% |
| Deferred charges and accrued income | 490/1 | €1,216 | €2,383 | +€1,167 | +96.0% |
| Total equity and liabilities | 10/49 | €50,322 | €59,884 | +€9,562 | +19.0% |
| Equity | 10/15 | €28,938 | €41,234 | +€12,296 | +42.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,500 | €25,500 | = | 0.0% |
| Distributable reserves | 133 | €25,500 | €25,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €438 | €12,734 | +€12,296 | +2,809% |
| Amounts payable | 17/49 | €21,384 | €18,650 | -€2,735 | -12.8% |
| Amounts payable within one year | 42/48 | €21,384 | €18,650 | -€2,735 | -12.8% |
| Financial debts | 43 | €7,733 | €2,362 | -€5,371 | -69.5% |
| Credit institutions | 430/8 | €7,733 | €2,362 | -€5,371 | -69.5% |
| Trade debts | 44 | €4,624 | €11,442 | +€6,817 | +147% |
| Suppliers | 440/4 | €4,624 | €11,442 | +€6,817 | +147% |
| Taxes, remuneration and social security | 45 | €8,168 | €3,283 | -€4,885 | -59.8% |
| Taxes | 450/3 | €8,168 | €3,283 | -€4,885 | -59.8% |
| Other amounts payable | 47/48 | €859 | €1,563 | +€704 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,142 | €3,759 | -€2,383 | -38.8% |
| Other operating charges | 640/8 | €2,103 | €3,421 | +€1,318 | +62.7% |
| Gross operating margin | 9900 | €46,200 | €25,068 | -€21,132 | -45.7% |
| Operating profit (loss) | 9901 | €37,955 | €17,888 | -€20,067 | -52.9% |
| Financial income | 75/76B | €28 | €3 | -€25 | -90.2% |
| Recurring financial income | 75 | €28 | €3 | -€25 | -90.2% |
| Financial charges | 65/66B | €210 | €554 | +€344 | +164% |
| Recurring financial charges | 65 | €210 | €554 | +€344 | +164% |
| Profit (loss) for the period before taxes | 9903 | €37,773 | €17,337 | -€20,436 | -54.1% |
| Income taxes | 67/77 | €10,976 | €4,208 | -€6,769 | -61.7% |
| Profit (loss) for the period | 9904 | €26,797 | €13,129 | -€13,667 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,797 | €13,129 | -€13,667 | -51.0% |
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.