HENDIMMO: 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.
HENDIMMO
Largest movements
- Tangible fixed assets -€7,086
down €7,086 (-5.1%), from €139,906 to €132,820
- Cash -€3,319
down €3,319 (-84.6%), from €3,922 to €603
mainly Advances received (-€11,069) and Current portion of long-term debt (-€9,195)
- Receivables within one year +€2,172
new in 2025: €2,172
- Profit (loss) carried forward +€17,115
up €17,115, from -€11,941 to €5,174
- Advances received -€11,069
no longer reported in 2025 (was €11,069)
- Current portion of long-term debt -€9,195
no longer reported in 2025 (was €9,195)
- Short-term financial debts +€9,195
new in 2025: €9,195
- Trade debts -€8,062
down €8,062 (-91.0%), from €8,862 to €800
- Depreciation -€8,652
down €8,652 (-55.0%), from €15,738 to €7,086
- Gross operating margin -€2,377
down €2,377 (-8.1%), from €29,461 to €27,084
- Financial charges -€452
down €452 (-19.3%), from €2,344 to €1,892
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 | €143,828 | €135,595 | -€8,233 | -5.7% |
| Fixed assets | 21/28 | €139,906 | €132,820 | -€7,086 | -5.1% |
| Tangible fixed assets | 22/27 | €139,906 | €132,820 | -€7,086 | -5.1% |
| Land and buildings | 22 | €139,906 | €132,820 | -€7,086 | -5.1% |
| Current assets | 29/58 | €3,922 | €2,775 | -€1,147 | -29.2% |
| Amounts receivable within one year | 40/41 | - | €2,172 | +€2,172 | |
| Trade receivables | 40 | - | €2,172 | +€2,172 | |
| Cash at bank and in hand | 54/58 | €3,922 | €603 | -€3,319 | -84.6% |
| Total equity and liabilities | 10/49 | €143,828 | €135,595 | -€8,233 | -5.7% |
| Equity | 10/15 | €13,059 | €30,174 | +€17,115 | +131.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,941 | €5,174 | +€17,115 | |
| Amounts payable | 17/49 | €130,769 | €105,421 | -€25,348 | -19.4% |
| Amounts payable after more than one year | 17 | €68,492 | €61,072 | -€7,420 | -10.8% |
| Financial debts | 170/4 | €65,487 | €58,067 | -€7,420 | -11.3% |
| Other amounts payable | 178/9 | €3,005 | €3,005 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,277 | €44,349 | -€17,928 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €9,195 | - | -€9,195 | |
| Financial debts | 43 | - | €9,195 | +€9,195 | |
| Credit institutions | 430/8 | - | €9,195 | +€9,195 | |
| Trade debts | 44 | €8,862 | €800 | -€8,062 | -91.0% |
| Suppliers | 440/4 | €8,862 | €800 | -€8,062 | -91.0% |
| Advances received on contracts in progress | 46 | €11,069 | - | -€11,069 | |
| Taxes, remuneration and social security | 45 | €2,385 | €7,108 | +€4,723 | +198.0% |
| Taxes | 450/3 | €2,385 | €7,108 | +€4,723 | +198.0% |
| Other amounts payable | 47/48 | €30,766 | €27,246 | -€3,520 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,738 | €7,086 | -€8,652 | -55.0% |
| Other operating charges | 640/8 | €1,030 | €992 | -€38 | -3.7% |
| Gross operating margin | 9900 | €29,461 | €27,084 | -€2,377 | -8.1% |
| Operating profit (loss) | 9901 | €12,693 | €19,006 | +€6,313 | +49.7% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €2,344 | €1,892 | -€452 | -19.3% |
| Recurring financial charges | 65 | €2,344 | €1,892 | -€452 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €10,350 | €17,115 | +€6,765 | +65.4% |
| Profit (loss) for the period | 9904 | €10,350 | €17,115 | +€6,765 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,350 | €17,115 | +€6,765 | +65.4% |
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 11 October 2026 via checked.be.