HENDERICKX: 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.
HENDERICKX
Largest movements
- Tangible fixed assets -€10,745
down €10,745 (-31.2%), from €34,472 to €23,727
of which Furniture and vehicles: -€10,544
- Cash +€6,404
up €6,404 (+375%), from €1,708 to €8,112
mainly Depreciation (+€10,745) and Receivables within one year (+€5,464)
- Receivables within one year -€5,464
down €5,464 (-27.0%), from €20,207 to €14,743
of which Other amounts receivable: -€4,971
- Debts after one year -€9,557
down €9,557 (-44.9%), from €21,277 to €11,719
- Profit (loss) carried forward +€4,713
up €4,713 (+66.2%), from -€7,124 to -€2,411
- Other debts -€3,763
down €3,763 (-16.7%), from €22,488 to €18,724
- Trade debts -€1,028
down €1,028 (-49.4%), from €2,080 to €1,052
- Gross operating margin +€16,787
up €16,787 (+262%), from €6,417 to €23,204
- Taxes +€1,256
up €1,256 (+71.9%), from €1,748 to €3,003
- Staff costs -€905
down €905 (-27.9%), from €3,244 to €2,338
- Other operating charges +€794
up €794 (+326%), from €243 to €1,037
- Financial income -€764
down €764 (-100%), from €764 to €0
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 | €56,387 | €46,583 | -€9,805 | -17.4% |
| Fixed assets | 21/28 | €34,472 | €23,727 | -€10,745 | -31.2% |
| Tangible fixed assets | 22/27 | €34,472 | €23,727 | -€10,745 | -31.2% |
| Plant, machinery and equipment | 23 | €995 | €794 | -€200 | -20.1% |
| Furniture and vehicles | 24 | €33,478 | €22,933 | -€10,544 | -31.5% |
| Current assets | 29/58 | €21,915 | €22,855 | +€940 | +4.3% |
| Amounts receivable within one year | 40/41 | €20,207 | €14,743 | -€5,464 | -27.0% |
| Trade receivables | 40 | €12,668 | €12,174 | -€493 | -3.9% |
| Other amounts receivable | 41 | €7,539 | €2,569 | -€4,971 | -65.9% |
| Cash at bank and in hand | 54/58 | €1,708 | €8,112 | +€6,404 | +375% |
| Total equity and liabilities | 10/49 | €56,387 | €46,583 | -€9,805 | -17.4% |
| Equity | 10/15 | €817 | €5,529 | +€4,713 | +577% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,940 | €5,940 | = | 0.0% |
| Distributable reserves | 133 | €5,940 | €5,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,124 | -€2,411 | +€4,713 | +66.2% |
| Amounts payable | 17/49 | €55,571 | €41,053 | -€14,517 | -26.1% |
| Amounts payable after more than one year | 17 | €21,277 | €11,719 | -€9,557 | -44.9% |
| Financial debts | 170/4 | €21,277 | €11,719 | -€9,557 | -44.9% |
| Amounts payable within one year | 42/48 | €34,294 | €29,334 | -€4,960 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €9,726 | €9,557 | -€169 | -1.7% |
| Trade debts | 44 | €2,080 | €1,052 | -€1,028 | -49.4% |
| Suppliers | 440/4 | €2,080 | €1,052 | -€1,028 | -49.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,488 | €18,724 | -€3,763 | -16.7% |
| Remuneration, social security and pensions | 62 | €3,244 | €2,338 | -€905 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,151 | €10,745 | +€593 | +5.8% |
| Other operating charges | 640/8 | €243 | €1,037 | +€794 | +326% |
| Gross operating margin | 9900 | €6,417 | €23,204 | +€16,787 | +262% |
| Operating profit (loss) | 9901 | -€7,221 | €9,084 | +€16,305 | |
| Financial income | 75/76B | €764 | €0 | -€764 | -100% |
| Recurring financial income | 75 | €764 | €0 | -€764 | -100% |
| Financial charges | 65/66B | €1,957 | €1,368 | -€589 | -30.1% |
| Recurring financial charges | 65 | €1,957 | €1,368 | -€589 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,413 | €7,716 | +€16,130 | |
| Income taxes | 67/77 | €1,748 | €3,003 | +€1,256 | +71.9% |
| Profit (loss) for the period | 9904 | -€10,161 | €4,713 | +€14,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,161 | €4,713 | +€14,874 |
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 24 October 2026 via checked.be.