BÉNÉDICTE 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.
BÉNÉDICTE HENDRICKX
Largest movements
- Cash +€108,899
up €108,899 (+198%), from €55,073 to €163,972
mainly Net result for the year (+€181,915) and Other debts (+€80,148)
- Tangible fixed assets +€41,009
new in 2025: €41,009
- Receivables within one year -€4,506
down €4,506 (-7.3%), from €61,628 to €57,122
of which Other amounts receivable: -€2,624
- Other debts +€80,148
new in 2025: €80,148
- Tax, wage and social debts +€53,186
up €53,186 (+152%), from €34,973 to €88,159
of which Taxes: +€53,789
- Debts after one year +€26,427
new in 2025: €26,427
- Profit (loss) carried forward -€18,085
down €18,085 (-25.3%), from €71,397 to €53,311
- Current portion of long-term debt +€7,422
up €7,422 (+223%), from €3,333 to €10,755
- Gross operating margin +€146,655
up €146,655 (+129%), from €113,592 to €260,247
- Taxes +€37,007
up €37,007 (+173%), from €21,393 to €58,400
- Depreciation +€6,016
new in 2025: €6,016
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 | €118,340 | €264,253 | +€145,913 | +123% |
| Fixed assets | 21/28 | €389 | €41,399 | +€41,009 | +10,538% |
| Tangible fixed assets | 22/27 | - | €41,009 | +€41,009 | |
| Furniture and vehicles | 24 | - | €41,009 | +€41,009 | |
| Financial fixed assets | 28 | €389 | €389 | = | 0.0% |
| Current assets | 29/58 | €117,951 | €222,854 | +€104,903 | +88.9% |
| Amounts receivable within one year | 40/41 | €61,628 | €57,122 | -€4,506 | -7.3% |
| Trade receivables | 40 | €59,004 | €57,122 | -€1,882 | -3.2% |
| Other amounts receivable | 41 | €2,624 | - | -€2,624 | |
| Cash at bank and in hand | 54/58 | €55,073 | €163,972 | +€108,899 | +198% |
| Deferred charges and accrued income | 490/1 | €1,250 | €1,760 | +€510 | +40.8% |
| Total equity and liabilities | 10/49 | €118,340 | €264,253 | +€145,913 | +123% |
| Equity | 10/15 | €76,397 | €58,311 | -€18,085 | -23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,397 | €53,311 | -€18,085 | -25.3% |
| Amounts payable | 17/49 | €41,944 | €205,942 | +€163,998 | +391% |
| Amounts payable after more than one year | 17 | - | €26,427 | +€26,427 | |
| Financial debts | 170/4 | - | €26,427 | +€26,427 | |
| Amounts payable within one year | 42/48 | €41,944 | €179,515 | +€137,571 | +328% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | €10,755 | +€7,422 | +223% |
| Trade debts | 44 | €3,637 | €452 | -€3,185 | -87.6% |
| Suppliers | 440/4 | €3,637 | €452 | -€3,185 | -87.6% |
| Taxes, remuneration and social security | 45 | €34,973 | €88,159 | +€53,186 | +152% |
| Taxes | 450/3 | €34,370 | €88,159 | +€53,789 | +157% |
| Remuneration and social security | 454/9 | €604 | - | -€604 | |
| Other amounts payable | 47/48 | - | €80,148 | +€80,148 | |
| Remuneration, social security and pensions | 62 | €10,816 | €12,028 | +€1,212 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,016 | +€6,016 | |
| Other operating charges | 640/8 | €756 | €400 | -€357 | -47.2% |
| Gross operating margin | 9900 | €113,592 | €260,247 | +€146,655 | +129% |
| Operating profit (loss) | 9901 | €102,020 | €241,804 | +€139,784 | +137% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €768 | €1,490 | +€722 | +93.9% |
| Recurring financial charges | 65 | €768 | €1,490 | +€722 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €101,252 | €240,314 | +€139,063 | +137% |
| Income taxes | 67/77 | €21,393 | €58,400 | +€37,007 | +173% |
| Profit (loss) for the period | 9904 | €79,859 | €181,915 | +€102,056 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €79,859 | €181,915 | +€102,056 | +128% |
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 13 October 2026 via checked.be.