HENSOL: 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.
HENSOL
Largest movements
- Receivables within one year -€137,653
down €137,653 (-77.7%), from €177,195 to €39,541
of which Trade receivables: -€135,419
- Cash +€55,988
up €55,988 (+733%), from €7,636 to €63,624
mainly Receivables within one year (+€137,653) and Debts after one year (+€70,100)
- Trade debts -€111,848
down €111,848 (-86.9%), from €128,750 to €16,902
- Debts after one year +€70,100
up €70,100 (+70.1%), from €100,000 to €170,100
- Profit (loss) carried forward -€39,917
down €39,917 (-56.7%), from -€70,382 to -€110,299
- Gross operating margin +€32,064
up €32,064 (+44.7%), from -€71,730 to -€39,666
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 | €184,830 | €103,165 | -€81,665 | -44.2% |
| Current assets | 29/58 | €184,830 | €103,165 | -€81,665 | -44.2% |
| Amounts receivable within one year | 40/41 | €177,195 | €39,541 | -€137,653 | -77.7% |
| Trade receivables | 40 | €172,977 | €37,558 | -€135,419 | -78.3% |
| Other amounts receivable | 41 | €4,217 | €1,983 | -€2,234 | -53.0% |
| Cash at bank and in hand | 54/58 | €7,636 | €63,624 | +€55,988 | +733% |
| Total equity and liabilities | 10/49 | €184,830 | €103,165 | -€81,665 | -44.2% |
| Equity | 10/15 | -€70,282 | -€110,199 | -€39,917 | -56.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Contributions outside capital | 11 | €100 | - | -€100 | |
| Other | 1109/19 | €100 | - | -€100 | |
| Profit (loss) carried forward | 14 | -€70,382 | -€110,299 | -€39,917 | -56.7% |
| Amounts payable | 17/49 | €255,112 | €213,364 | -€41,748 | -16.4% |
| Amounts payable after more than one year | 17 | €100,000 | €170,100 | +€70,100 | +70.1% |
| Financial debts | 170/4 | €100,000 | €170,100 | +€70,100 | +70.1% |
| Amounts payable within one year | 42/48 | €155,112 | €43,264 | -€111,848 | -72.1% |
| Trade debts | 44 | €128,750 | €16,902 | -€111,848 | -86.9% |
| Suppliers | 440/4 | €128,750 | €16,902 | -€111,848 | -86.9% |
| Other amounts payable | 47/48 | €26,362 | €26,362 | = | 0.0% |
| Other operating charges | 640/8 | €346 | €112 | -€234 | -67.7% |
| Gross operating margin | 9900 | -€71,730 | -€39,666 | +€32,064 | +44.7% |
| Operating profit (loss) | 9901 | -€72,076 | -€39,778 | +€32,298 | +44.8% |
| Financial charges | 65/66B | €66 | €139 | +€73 | +111% |
| Recurring financial charges | 65 | €66 | €139 | +€73 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€72,142 | -€39,917 | +€32,225 | +44.7% |
| Income taxes | 67/77 | -€110 | - | +€110 | |
| Profit (loss) for the period | 9904 | -€72,032 | -€39,917 | +€32,115 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,032 | -€39,917 | +€32,115 | +44.6% |
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 15 October 2026 via checked.be.