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 -€8,567
down €8,567 (-7.4%), from €115,331 to €106,765
of which Land and buildings: -€7,889
- Deferred charges and accrued income +€1,579
up €1,579 (+127%), from €1,243 to €2,821
- Debts after one year -€16,454
down €16,454 (-27.5%), from €59,776 to €43,323
- Other debts +€7,849
new in 2026: €7,849
- Gross operating margin -€10,018
down €10,018 (-39.1%), from €25,589 to €15,571
- Other operating charges +€933
up €933 (+43.3%), from €2,156 to €3,090
- Financial charges -€676
down €676 (-16.5%), from €4,106 to €3,429
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,093 | €117,523 | -€8,570 | -6.8% |
| Fixed assets | 21/28 | €115,331 | €106,765 | -€8,567 | -7.4% |
| Tangible fixed assets | 22/27 | €115,331 | €106,765 | -€8,567 | -7.4% |
| Land and buildings | 22 | €112,421 | €104,532 | -€7,889 | -7.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €90 | €76 | -€14 | -15.5% |
| Other tangible fixed assets | 26 | €2,820 | €2,156 | -€663 | -23.5% |
| Current assets | 29/58 | €10,761 | €10,759 | -€3 | 0.0% |
| Amounts receivable within one year | 40/41 | €6,753 | €5,917 | -€836 | -12.4% |
| Trade receivables | 40 | €6,753 | €5,880 | -€873 | -12.9% |
| Other amounts receivable | 41 | €0 | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €2,766 | €2,020 | -€746 | -27.0% |
| Deferred charges and accrued income | 490/1 | €1,243 | €2,821 | +€1,579 | +127% |
| Total equity and liabilities | 10/49 | €126,093 | €117,523 | -€8,570 | -6.8% |
| Equity | 10/15 | €44,186 | €44,519 | +€333 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €93,311 | €93,311 | = | 0.0% |
| Distributable reserves | 133 | €93,311 | €93,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,125 | -€68,791 | +€333 | +0.5% |
| Amounts payable | 17/49 | €81,907 | €73,004 | -€8,903 | -10.9% |
| Amounts payable after more than one year | 17 | €59,776 | €43,323 | -€16,454 | -27.5% |
| Financial debts | 170/4 | €59,776 | €43,323 | -€16,454 | -27.5% |
| Amounts payable within one year | 42/48 | €22,130 | €29,681 | +€7,551 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €18,606 | €17,917 | -€690 | -3.7% |
| Trade debts | 44 | €1,377 | €2,104 | +€727 | +52.8% |
| Suppliers | 440/4 | €1,377 | €2,104 | +€727 | +52.8% |
| Taxes, remuneration and social security | 45 | €2,147 | €1,812 | -€335 | -15.6% |
| Taxes | 450/3 | €2,147 | €1,812 | -€335 | -15.6% |
| Other amounts payable | 47/48 | - | €7,849 | +€7,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,600 | €8,567 | -€33 | -0.4% |
| Other operating charges | 640/8 | €2,156 | €3,090 | +€933 | +43.3% |
| Gross operating margin | 9900 | €25,589 | €15,571 | -€10,018 | -39.1% |
| Operating profit (loss) | 9901 | €14,833 | €3,915 | -€10,918 | -73.6% |
| Financial income | 75/76B | €13 | €2 | -€11 | -86.2% |
| Recurring financial income | 75 | €13 | €2 | -€11 | -86.2% |
| Financial charges | 65/66B | €4,106 | €3,429 | -€676 | -16.5% |
| Recurring financial charges | 65 | €4,106 | €3,429 | -€676 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €10,740 | €488 | -€10,252 | -95.5% |
| Income taxes | 67/77 | €156 | €155 | -€1 | -0.8% |
| Profit (loss) for the period | 9904 | €10,584 | €333 | -€10,251 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,584 | €333 | -€10,251 | -96.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.