HenCorp: 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.
HenCorp
Largest movements
- Receivables within one year +€6,092
up €6,092 (+26.0%), from €23,438 to €29,530
of which Trade receivables: +€24,024
- Deferred charges and accrued income -€5,013
down €5,013 (-89.8%), from €5,585 to €572
- Tangible fixed assets -€3,914
down €3,914 (-1.4%), from €279,944 to €276,030
of which Land and buildings: -€9,105
- Tax, wage and social debts -€11,622
down €11,622 (-47.6%), from €24,421 to €12,799
of which Taxes: -€13,771
- Other debts +€11,044
up €11,044 (+39.3%), from €28,083 to €39,126
- Debts after one year -€8,928
down €8,928 (-3.9%), from €231,700 to €222,772
- Profit (loss) carried forward +€8,701
up €8,701, from -€4,097 to €4,605
- Staff costs -€107,711
down €107,711 (-81.0%), from €133,001 to €25,289
- Gross operating margin -€88,519
down €88,519 (-58.4%), from €151,674 to €63,155
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 | €313,011 | €313,060 | +€48 | 0.0% |
| Fixed assets | 21/28 | €279,944 | €276,030 | -€3,914 | -1.4% |
| Tangible fixed assets | 22/27 | €279,944 | €276,030 | -€3,914 | -1.4% |
| Land and buildings | 22 | €278,535 | €269,430 | -€9,105 | -3.3% |
| Plant, machinery and equipment | 23 | €1,409 | €2,849 | +€1,440 | +102% |
| Furniture and vehicles | 24 | - | €3,751 | +€3,751 | |
| Current assets | 29/58 | €33,067 | €37,030 | +€3,962 | +12.0% |
| Amounts receivable within one year | 40/41 | €23,438 | €29,530 | +€6,092 | +26.0% |
| Trade receivables | 40 | €4,476 | €28,500 | +€24,024 | +537% |
| Other amounts receivable | 41 | €18,962 | €1,030 | -€17,932 | -94.6% |
| Cash at bank and in hand | 54/58 | €4,045 | €6,928 | +€2,883 | +71.3% |
| Deferred charges and accrued income | 490/1 | €5,585 | €572 | -€5,013 | -89.8% |
| Total equity and liabilities | 10/49 | €313,011 | €313,060 | +€48 | 0.0% |
| Equity | 10/15 | €1,903 | €10,605 | +€8,701 | +457% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,097 | €4,605 | +€8,701 | |
| Amounts payable | 17/49 | €311,108 | €302,455 | -€8,653 | -2.8% |
| Amounts payable after more than one year | 17 | €231,700 | €222,772 | -€8,928 | -3.9% |
| Financial debts | 170/4 | €231,700 | €222,772 | -€8,928 | -3.9% |
| Amounts payable within one year | 42/48 | €79,408 | €79,683 | +€275 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €25,333 | €25,735 | +€401 | +1.6% |
| Trade debts | 44 | €1,571 | €2,023 | +€452 | +28.8% |
| Suppliers | 440/4 | €1,571 | €2,023 | +€452 | +28.8% |
| Taxes, remuneration and social security | 45 | €24,421 | €12,799 | -€11,622 | -47.6% |
| Taxes | 450/3 | €16,620 | €2,849 | -€13,771 | -82.9% |
| Remuneration and social security | 454/9 | €7,801 | €9,950 | +€2,149 | +27.5% |
| Other amounts payable | 47/48 | €28,083 | €39,126 | +€11,044 | +39.3% |
| Remuneration, social security and pensions | 62 | €133,001 | €25,289 | -€107,711 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,308 | €10,999 | -€308 | -2.7% |
| Other operating charges | 640/8 | €2,506 | €3,043 | +€537 | +21.4% |
| Gross operating margin | 9900 | €151,674 | €63,155 | -€88,519 | -58.4% |
| Operating profit (loss) | 9901 | €4,860 | €23,824 | +€18,964 | +390% |
| Financial income | 75/76B | €0 | €784 | +€784 | +206,250% |
| Recurring financial income | 75 | €0 | €784 | +€784 | +206,250% |
| Financial charges | 65/66B | €15,365 | €15,907 | +€542 | +3.5% |
| Recurring financial charges | 65 | €15,365 | €15,907 | +€542 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,504 | €8,701 | +€19,205 | |
| Income taxes | 67/77 | €285 | -€1 | -€286 | |
| Profit (loss) for the period | 9904 | -€10,789 | €8,701 | +€19,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,789 | €8,701 | +€19,491 |
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 22 October 2026 via checked.be.