Hendribel: 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.
What changed
Hendribel
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,376
2024 · -€43,299+€36,924
Equity
€537,268
2024 · €543,643-€6,376
Cash
€420
2024 · €2,110-€1,690
Balance sheet total
€622,802
2024 · €658,349-€35,547
Largest movements
Assets
- Tangible fixed assets -€24,862
down €24,862 (-3.9%), from €641,715 to €616,853
of which Leasing and similar rights: -€13,338
Equity and liabilities
- Other debts -€25,000
no longer reported in 2025 (was €25,000)
Income statement
- Gross operating margin +€36,558
up €36,558, from -€15,216 to €21,343
- Other operating charges -€475
down €475 (-10.3%), from €4,623 to €4,148
- Taxes +€426
new in 2025: €426
- Financial charges -€393
down €393 (-32.8%), from €1,197 to €804
- Depreciation -€218
down €218 (-0.8%), from €26,303 to €26,085
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.
Result 2024
-€43,299
Gross operating margin
+€36,558
Depreciation
+€218
Other operating charges
+€475
Financial income
-€202
Financial charges
+€393
Taxes
-€426
Deferred taxes and other
-€93
Result 2025
-€6,376
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.
From operations
-€467
Investment
-€1,223
Financing
€0
Cash 2024
€2,110
From operations (derived)
-€467
Net result for the year
-€6,376
Depreciation
+€26,085
Receivables after one year
+€2,904
Receivables within one year
+€4,238
Deferred charges and accrued income
+€1,853
Provisions
-€3,546
Trade debts
-€743
Tax, wage and social debts
+€426
Other debts
-€25,000
Accrued charges and deferred income
-€309
Investment (derived)
-€1,223
Investment in fixed assets (net)
-€1,223
Cash 2025
€420
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,349 | €622,802 | -€35,547 | -5.4% |
| Fixed assets | 21/28 | €641,715 | €616,853 | -€24,862 | -3.9% |
| Tangible fixed assets | 22/27 | €641,715 | €616,853 | -€24,862 | -3.9% |
| Land and buildings | 22 | €348,344 | €336,090 | -€12,254 | -3.5% |
| Furniture and vehicles | 24 | €1,182 | €1,912 | +€730 | +61.8% |
| Leasing and similar rights | 25 | €292,189 | €278,851 | -€13,338 | -4.6% |
| Current assets | 29/58 | €16,635 | €5,949 | -€10,686 | -64.2% |
| Amounts receivable after more than one year | 29 | €2,904 | - | -€2,904 | |
| Other amounts receivable | 291 | €2,904 | - | -€2,904 | |
| Amounts receivable within one year | 40/41 | €8,169 | €3,931 | -€4,238 | -51.9% |
| Trade receivables | 40 | €1,330 | €1,027 | -€304 | -22.8% |
| Other amounts receivable | 41 | €6,839 | €2,904 | -€3,935 | -57.5% |
| Cash at bank and in hand | 54/58 | €2,110 | €420 | -€1,690 | -80.1% |
| Deferred charges and accrued income | 490/1 | €3,451 | €1,598 | -€1,853 | -53.7% |
| Total equity and liabilities | 10/49 | €658,349 | €622,802 | -€35,547 | -5.4% |
| Equity | 10/15 | €543,643 | €537,268 | -€6,376 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €695,907 | €689,531 | -€6,376 | -0.9% |
| Tax-exempt reserves | 132 | €257,070 | €246,431 | -€10,639 | -4.1% |
| Distributable reserves | 133 | €438,837 | €443,100 | +€4,263 | +1.0% |
| Profit (loss) carried forward | 14 | -€170,864 | -€170,864 | = | 0.0% |
| Provisions and deferred taxes | 16 | €85,690 | €82,144 | -€3,546 | -4.1% |
| Deferred taxes | 168 | €85,690 | €82,144 | -€3,546 | -4.1% |
| Amounts payable | 17/49 | €29,016 | €3,391 | -€25,626 | -88.3% |
| Amounts payable within one year | 42/48 | €28,553 | €3,236 | -€25,317 | -88.7% |
| Trade debts | 44 | €3,553 | €2,810 | -€743 | -20.9% |
| Suppliers | 440/4 | €3,553 | €2,810 | -€743 | -20.9% |
| Taxes, remuneration and social security | 45 | - | €426 | +€426 | |
| Taxes | 450/3 | - | €426 | +€426 | |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Accrued charges and deferred income | 492/3 | €463 | €155 | -€309 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,303 | €26,085 | -€218 | -0.8% |
| Other operating charges | 640/8 | €4,623 | €4,148 | -€475 | -10.3% |
| Gross operating margin | 9900 | -€15,216 | €21,343 | +€36,558 | |
| Operating profit (loss) | 9901 | -€46,142 | -€8,890 | +€37,252 | +80.7% |
| Financial income | 75/76B | €401 | €199 | -€202 | -50.4% |
| Recurring financial income | 75 | €401 | €199 | -€202 | -50.4% |
| Financial charges | 65/66B | €1,197 | €804 | -€393 | -32.8% |
| Recurring financial charges | 65 | €1,197 | €804 | -€393 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€46,938 | -€9,496 | +€37,443 | +79.8% |
| Transfer from deferred taxes | 780 | €3,639 | €3,546 | -€93 | -2.5% |
| Income taxes | 67/77 | - | €426 | +€426 | |
| Profit (loss) for the period | 9904 | -€43,299 | -€6,376 | +€36,924 | +85.3% |
| Transfer from tax-exempt reserves | 789 | €10,917 | €10,639 | -€278 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,382 | €4,263 | +€36,646 |
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 3 October 2026 via checked.be.