Algemene Werken Hendrickx: 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.
Algemene Werken Hendrickx
Largest movements
- Cash -€25,257
down €25,257 (-45.7%), from €55,256 to €30,000
mainly Investment in fixed assets (net) (-€46,369) and Other debts (-€17,522)
- Tangible fixed assets +€18,577
up €18,577 (+60.2%), from €30,837 to €49,415
of which Plant, machinery and equipment: +€31,559
- Intangible fixed assets +€3,507
new in 2025: €3,507
- Receivables within one year +€1,791
up €1,791 (+18.5%), from €9,694 to €11,485
of which Other amounts receivable: +€4,374
- Other debts -€17,522
down €17,522 (-26.2%), from €66,856 to €49,334
- Debts after one year +€16,673
up €16,673 (+235%), from €7,098 to €23,772
- Current portion of long-term debt +€7,659
up €7,659 (+88.5%), from €8,652 to €16,311
- Tax, wage and social debts -€7,598
down €7,598 (-91.7%), from €8,283 to €685
of which Taxes: -€7,598
- Gross operating margin -€61,976
down €61,976 (-69.2%), from €89,618 to €27,641
- Taxes -€13,211
down €13,211 (-97.8%), from €13,503 to €292
- Depreciation +€4,817
up €4,817 (+24.7%), from €19,468 to €24,284
- Other operating charges -€1,769
down €1,769 (-66.3%), from €2,669 to €900
- Financial charges +€1,419
up €1,419 (+146%), from €972 to €2,391
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 | €96,720 | €96,128 | -€592 | -0.6% |
| Fixed assets | 21/28 | €30,837 | €52,922 | +€22,085 | +71.6% |
| Intangible fixed assets | 21 | - | €3,507 | +€3,507 | |
| Tangible fixed assets | 22/27 | €30,837 | €49,415 | +€18,577 | +60.2% |
| Plant, machinery and equipment | 23 | €2,364 | €33,922 | +€31,559 | +1,335% |
| Furniture and vehicles | 24 | €13,511 | €7,331 | -€6,180 | -45.7% |
| Leasing and similar rights | 25 | €14,962 | €8,161 | -€6,801 | -45.5% |
| Current assets | 29/58 | €65,882 | €43,206 | -€22,676 | -34.4% |
| Amounts receivable within one year | 40/41 | €9,694 | €11,485 | +€1,791 | +18.5% |
| Trade receivables | 40 | €2,583 | €0 | -€2,583 | -100% |
| Other amounts receivable | 41 | €7,111 | €11,485 | +€4,374 | +61.5% |
| Cash at bank and in hand | 54/58 | €55,256 | €30,000 | -€25,257 | -45.7% |
| Deferred charges and accrued income | 490/1 | €932 | €1,721 | +€790 | +84.7% |
| Total equity and liabilities | 10/49 | €96,720 | €96,128 | -€592 | -0.6% |
| Equity | 10/15 | €5,000 | €5,318 | +€318 | +6.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €318 | +€318 | |
| Distributable reserves | 133 | €0 | €318 | +€318 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,720 | €90,810 | -€909 | -1.0% |
| Amounts payable after more than one year | 17 | €7,098 | €23,772 | +€16,673 | +235% |
| Financial debts | 170/4 | €7,098 | €23,772 | +€16,673 | +235% |
| Amounts payable within one year | 42/48 | €84,621 | €67,039 | -€17,583 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €8,652 | €16,311 | +€7,659 | +88.5% |
| Trade debts | 44 | €830 | €708 | -€122 | -14.7% |
| Suppliers | 440/4 | €830 | €708 | -€122 | -14.7% |
| Taxes, remuneration and social security | 45 | €8,283 | €685 | -€7,598 | -91.7% |
| Taxes | 450/3 | €8,283 | €685 | -€7,598 | -91.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,856 | €49,334 | -€17,522 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,468 | €24,284 | +€4,817 | +24.7% |
| Other operating charges | 640/8 | €2,669 | €900 | -€1,769 | -66.3% |
| Gross operating margin | 9900 | €89,618 | €27,641 | -€61,976 | -69.2% |
| Operating profit (loss) | 9901 | €67,480 | €2,457 | -€65,024 | -96.4% |
| Financial income | 75/76B | €0 | €544 | +€544 | |
| Recurring financial income | 75 | €0 | €544 | +€544 | |
| Financial charges | 65/66B | €972 | €2,391 | +€1,419 | +146% |
| Recurring financial charges | 65 | €972 | €2,391 | +€1,419 | +146% |
| Profit (loss) for the period before taxes | 9903 | €66,509 | €610 | -€65,899 | -99.1% |
| Income taxes | 67/77 | €13,503 | €292 | -€13,211 | -97.8% |
| Profit (loss) for the period | 9904 | €53,006 | €318 | -€52,688 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,006 | €318 | -€52,688 | -99.4% |
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 28 October 2026 via checked.be.