HENDRICKX: 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.
HENDRICKX
Largest movements
- Receivables within one year -€17,085
down €17,085 (-26.1%), from €65,382 to €48,297
of which Trade receivables: -€22,001
- Tangible fixed assets -€7,833
down €7,833 (-24.0%), from €32,622 to €24,789
of which Furniture and vehicles: -€7,208
- Profit (loss) carried forward -€25,871
down €25,871 (-69.0%), from €37,486 to €11,615
- Trade debts +€1,169
up €1,169 (+578.7%), from €202 to €1,371
- Turnover -€58,827
no longer reported in 2025 (was €58,827)
- Gross operating margin -€23,695
down €23,695, from €5,082 to -€18,613
- Purchases and services +€13,904
up €13,904 (+24.2%), from €57,460 to €71,364
- Taxes -€7,000
down €7,000, from €2,000 to -€5,000
- Financial charges -€1,311
down €1,311 (-32.1%), from €4,089 to €2,778
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 | €101,199 | €76,446 | -€24,753 | -24.5% |
| Fixed assets | 21/28 | €32,622 | €24,789 | -€7,833 | -24.0% |
| Tangible fixed assets | 22/27 | €32,622 | €24,789 | -€7,833 | -24.0% |
| Plant, machinery and equipment | 23 | €2,985 | €2,360 | -€625 | -20.9% |
| Furniture and vehicles | 24 | €29,637 | €22,429 | -€7,208 | -24.3% |
| Current assets | 29/58 | €68,577 | €51,657 | -€16,920 | -24.7% |
| Stocks and contracts in progress | 3 | €2,833 | €2,998 | +€165 | +5.8% |
| Stocks | 30/36 | €2,833 | €2,998 | +€165 | +5.8% |
| Amounts receivable within one year | 40/41 | €65,382 | €48,297 | -€17,085 | -26.1% |
| Trade receivables | 40 | €59,740 | €37,739 | -€22,001 | -36.8% |
| Other amounts receivable | 41 | €5,642 | €10,558 | +€4,916 | +87.1% |
| Cash at bank and in hand | 54/58 | €362 | €362 | = | 0.0% |
| Total equity and liabilities | 10/49 | €101,199 | €76,446 | -€24,753 | -24.5% |
| Equity | 10/15 | €87,937 | €62,066 | -€25,871 | -29.4% |
| Contributions | 10/11 | €50,451 | €50,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,486 | €11,615 | -€25,871 | -69.0% |
| Amounts payable | 17/49 | €13,262 | €14,380 | +€1,118 | +8.4% |
| Amounts payable within one year | 42/48 | €13,262 | €14,380 | +€1,118 | +8.4% |
| Financial debts | 43 | €13,004 | €13,009 | +€5 | 0.0% |
| Credit institutions | 430/8 | €13,004 | €13,009 | +€5 | 0.0% |
| Trade debts | 44 | €202 | €1,371 | +€1,169 | +578.7% |
| Suppliers | 440/4 | €202 | €1,371 | +€1,169 | +578.7% |
| Taxes, remuneration and social security | 45 | €56 | - | -€56 | |
| Remuneration and social security | 454/9 | €56 | - | -€56 | |
| Turnover | 70 | €58,827 | - | -€58,827 | |
| Goods, raw materials, services and sundry goods | 60/61 | €57,460 | €71,364 | +€13,904 | +24.2% |
| Remuneration, social security and pensions | 62 | €141 | - | -€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,019 | €7,833 | -€186 | -2.3% |
| Other operating charges | 640/8 | €2,404 | €2,558 | +€154 | +6.4% |
| Gross operating margin | 9900 | €5,082 | -€18,613 | -€23,695 | |
| Operating profit (loss) | 9901 | -€5,482 | -€29,004 | -€23,522 | -429.1% |
| Financial income | 75/76B | €863 | €911 | +€48 | +5.6% |
| Recurring financial income | 75 | €863 | €911 | +€48 | +5.6% |
| Financial charges | 65/66B | €4,089 | €2,778 | -€1,311 | -32.1% |
| Recurring financial charges | 65 | €4,089 | €2,778 | -€1,311 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,708 | -€30,871 | -€22,163 | -254.5% |
| Income taxes | 67/77 | €2,000 | -€5,000 | -€7,000 | |
| Profit (loss) for the period | 9904 | -€10,708 | -€25,871 | -€15,163 | -141.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,708 | -€25,871 | -€15,163 | -141.6% |
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 9 October 2026 via checked.be.