bhendric: what changed
Two fiscal 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.
bhendric
Largest movements
- Receivables within one year -€20,460
down €20,460 (-94.1%), from €21,752 to €1,291
of which Trade receivables: -€16,923
- Tangible fixed assets -€18,242
down €18,242 (-6.3%), from €289,531 to €271,289
of which Land and buildings: -€14,196
- Cash +€10,065
up €10,065 (+288.8%), from €3,485 to €13,550
mainly Net result for the year (+€39,310) and Receivables within one year (+€20,460)
- Debts after one year -€14,785
down €14,785 (-6.2%), from €237,504 to €222,720
- Other debts -€10,317
down €10,317 (-59.3%), from €17,407 to €7,090
- Tax, wage and social debts -€7,888
down €7,888 (-41.2%), from €19,123 to €11,235
of which Taxes: -€6,688
- Gross operating margin -€23,173
down €23,173 (-21.4%), from €108,151 to €84,978
- Taxes -€5,143
down €5,143 (-25.4%), from €20,261 to €15,118
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.
Cash bridge derived
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 | €473,974 | €441,095 | -€32,879 | -6.9% |
| Fixed assets | 21/28 | €439,531 | €421,289 | -€18,242 | -4.2% |
| Tangible fixed assets | 22/27 | €289,531 | €271,289 | -€18,242 | -6.3% |
| Land and buildings | 22 | €279,189 | €264,993 | -€14,196 | -5.1% |
| Plant, machinery and equipment | 23 | €6,138 | €2,270 | -€3,867 | -63.0% |
| Furniture and vehicles | 24 | €4,205 | €4,026 | -€179 | -4.3% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €34,443 | €19,806 | -€14,636 | -42.5% |
| Amounts receivable within one year | 40/41 | €21,752 | €1,291 | -€20,460 | -94.1% |
| Trade receivables | 40 | €18,214 | €1,291 | -€16,923 | -92.9% |
| Other amounts receivable | 41 | €3,537 | - | -€3,537 | |
| Cash at bank and in hand | 54/58 | €3,485 | €13,550 | +€10,065 | +288.8% |
| Deferred charges and accrued income | 490/1 | €9,206 | €4,965 | -€4,241 | -46.1% |
| Total equity and liabilities | 10/49 | €473,974 | €441,095 | -€32,879 | -6.9% |
| Equity | 10/15 | €180,903 | €185,213 | +€4,310 | +2.4% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Outside capital | 11 | €1,100 | €1,100 | = | 0.0% |
| Other | 1109/19 | €1,100 | €1,100 | = | 0.0% |
| Reserves | 13 | €179,803 | €184,113 | +€4,310 | +2.4% |
| Distributable reserves | 133 | €179,803 | €184,113 | +€4,310 | +2.4% |
| Amounts payable | 17/49 | €293,072 | €255,883 | -€37,189 | -12.7% |
| Amounts payable after more than one year | 17 | €237,504 | €222,720 | -€14,785 | -6.2% |
| Financial debts | 170/4 | €237,504 | €222,720 | -€14,785 | -6.2% |
| Amounts payable within one year | 42/48 | €55,567 | €33,163 | -€22,404 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €18,223 | €14,785 | -€3,438 | -18.9% |
| Trade debts | 44 | €815 | €54 | -€762 | -93.4% |
| Suppliers | 440/4 | €815 | €54 | -€762 | -93.4% |
| Taxes, remuneration and social security | 45 | €19,123 | €11,235 | -€7,888 | -41.2% |
| Taxes | 450/3 | €17,923 | €11,235 | -€6,688 | -37.3% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €17,407 | €7,090 | -€10,317 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,411 | €19,547 | +€137 | +0.7% |
| Other operating charges | 640/8 | €2,841 | €2,917 | +€76 | +2.7% |
| Gross operating margin | 9900 | €108,151 | €84,978 | -€23,173 | -21.4% |
| Operating profit (loss) | 9901 | €85,900 | €62,514 | -€23,385 | -27.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,932 | €8,086 | -€846 | -9.5% |
| Recurring financial charges | 65 | €8,932 | €8,086 | -€846 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €76,967 | €54,428 | -€22,539 | -29.3% |
| Income taxes | 67/77 | €20,261 | €15,118 | -€5,143 | -25.4% |
| Profit (loss) for the period | 9904 | €56,706 | €39,310 | -€17,396 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,706 | €39,310 | -€17,396 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.