HENDERICKX & CO: 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 & CO
Largest movements
- Cash +€74,582
up €74,582 (+11.7%), from €638,215 to €712,798
mainly Net result for the year (+€119,209) and Depreciation (+€23,795)
- Receivables within one year +€51,449
up €51,449 (+182%), from €28,287 to €79,736
of which Other amounts receivable: +€41,086
- Stocks and contracts +€26,747
up €26,747 (+9.0%), from €298,822 to €325,569
- Tangible fixed assets -€23,795
down €23,795 (-21.8%), from €109,017 to €85,222
of which Furniture and vehicles: -€19,208
- Deferred charges and accrued income -€20,430
down €20,430 (-79.7%), from €25,640 to €5,210
- Reserves +€119,209
up €119,209 (+9.5%), from €1.3m to €1.4m
of which Distributable reserves: +€119,209
- Staff costs +€80,209
up €80,209 (+77.6%), from €103,340 to €183,549
- Gross operating margin -€47,979
down €47,979 (-11.3%), from €424,772 to €376,793
- Taxes -€35,239
down €35,239 (-39.5%), from €89,298 to €54,059
- Financial income +€9,021
up €9,021 (+9,021%), from €100 to €9,121
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 | €1,334,981 | €1,445,959 | +€110,978 | +8.3% |
| Fixed assets | 21/28 | €109,017 | €85,222 | -€23,795 | -21.8% |
| Tangible fixed assets | 22/27 | €109,017 | €85,222 | -€23,795 | -21.8% |
| Land and buildings | 22 | €79,141 | €76,854 | -€2,287 | -2.9% |
| Plant, machinery and equipment | 23 | €5,433 | €3,133 | -€2,300 | -42.3% |
| Furniture and vehicles | 24 | €24,443 | €5,235 | -€19,208 | -78.6% |
| Current assets | 29/58 | €1,225,964 | €1,360,737 | +€134,773 | +11.0% |
| Stocks and contracts in progress | 3 | €298,822 | €325,569 | +€26,747 | +9.0% |
| Stocks | 30/36 | €298,822 | €325,569 | +€26,747 | +9.0% |
| Amounts receivable within one year | 40/41 | €28,287 | €79,736 | +€51,449 | +182% |
| Trade receivables | 40 | €11,171 | €21,534 | +€10,363 | +92.8% |
| Other amounts receivable | 41 | €17,116 | €58,202 | +€41,086 | +240% |
| Current investments | 50/53 | €235,000 | €237,425 | +€2,425 | +1.0% |
| Cash at bank and in hand | 54/58 | €638,215 | €712,798 | +€74,582 | +11.7% |
| Deferred charges and accrued income | 490/1 | €25,640 | €5,210 | -€20,430 | -79.7% |
| Total equity and liabilities | 10/49 | €1,334,981 | €1,445,959 | +€110,978 | +8.3% |
| Equity | 10/15 | €1,274,770 | €1,393,978 | +€119,209 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,258,005 | €1,377,213 | +€119,209 | +9.5% |
| Tax-exempt reserves | 132 | €61,933 | €61,933 | = | 0.0% |
| Distributable reserves | 133 | €1,196,072 | €1,315,280 | +€119,209 | +10.0% |
| Profit (loss) carried forward | 14 | -€1,835 | -€1,835 | = | 0.0% |
| Amounts payable | 17/49 | €60,211 | €51,981 | -€8,231 | -13.7% |
| Amounts payable within one year | 42/48 | €60,211 | €51,981 | -€8,231 | -13.7% |
| Trade debts | 44 | €26,493 | €14,171 | -€12,322 | -46.5% |
| Suppliers | 440/4 | €26,493 | €14,171 | -€12,322 | -46.5% |
| Taxes, remuneration and social security | 45 | €32,072 | €36,163 | +€4,091 | +12.8% |
| Taxes | 450/3 | €17,115 | €20,504 | +€3,389 | +19.8% |
| Remuneration and social security | 454/9 | €14,957 | €15,660 | +€703 | +4.7% |
| Other amounts payable | 47/48 | €1,646 | €1,646 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €103,340 | €183,549 | +€80,209 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,651 | €23,795 | -€856 | -3.5% |
| Other operating charges | 640/8 | €4,434 | €3,809 | -€625 | -14.1% |
| Gross operating margin | 9900 | €424,772 | €376,793 | -€47,979 | -11.3% |
| Operating profit (loss) | 9901 | €292,346 | €165,639 | -€126,706 | -43.3% |
| Financial income | 75/76B | €100 | €9,121 | +€9,021 | +9,021% |
| Recurring financial income | 75 | €100 | €9,121 | +€9,021 | +9,021% |
| Financial charges | 65/66B | €92 | €1,493 | +€1,400 | +1,516% |
| Recurring financial charges | 65 | €92 | €1,493 | +€1,400 | +1,516% |
| Profit (loss) for the period before taxes | 9903 | €292,353 | €173,268 | -€119,085 | -40.7% |
| Income taxes | 67/77 | €89,298 | €54,059 | -€35,239 | -39.5% |
| Profit (loss) for the period | 9904 | €203,055 | €119,209 | -€83,847 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €203,055 | €119,209 | -€83,847 | -41.3% |
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 27 October 2026 via checked.be.