HENDRICKX: 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.
HENDRICKX
Largest movements
- Tangible fixed assets -€14,536
down €14,536 (-83.7%), from €17,377 to €2,840
of which Leasing and similar rights: -€14,055
- Cash +€9,053
up €9,053 (+53.4%), from €16,968 to €26,021
mainly Depreciation (+€14,536) and Net result for the year (+€7,289)
- Receivables within one year -€1,442
down €1,442 (-25.3%), from €5,698 to €4,256
of which Trade receivables: -€1,132
- Debts after one year -€7,568
down €7,568 (-100.0%), from €7,568 to €0
- Current portion of long-term debt -€7,289
down €7,289 (-49.1%), from €14,857 to €7,568
- Reserves +€3,764
up €3,764 (+202.4%), from €1,859 to €5,623
of which Distributable reserves: +€5,623
- Profit (loss) carried forward +€3,525
up €3,525, from -€3,525 to €0
- Tax, wage and social debts +€872
up €872, from €0 to €872
- Gross operating margin +€9,125
up €9,125 (+57.4%), from €15,894 to €25,019
- Other operating charges +€1,542
up €1,542 (+1307.0%), from €118 to €1,660
- Financial charges +€876
up €876 (+249.3%), from €352 to €1,228
of which Non-recurring financial charges: +€1,210
- Taxes +€376
new in 2025: €376
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 | €40,042 | €33,117 | -€6,925 | -17.3% |
| Fixed assets | 21/28 | €17,377 | €2,840 | -€14,536 | -83.7% |
| Tangible fixed assets | 22/27 | €17,377 | €2,840 | -€14,536 | -83.7% |
| Land and buildings | 22 | €2,270 | €2,270 | = | 0.0% |
| Plant, machinery and equipment | 23 | €722 | €241 | -€481 | -66.7% |
| Leasing and similar rights | 25 | €14,385 | €330 | -€14,055 | -97.7% |
| Current assets | 29/58 | €22,665 | €30,277 | +€7,611 | +33.6% |
| Amounts receivable within one year | 40/41 | €5,698 | €4,256 | -€1,442 | -25.3% |
| Trade receivables | 40 | €4,066 | €2,934 | -€1,132 | -27.8% |
| Other amounts receivable | 41 | €1,632 | €1,322 | -€310 | -19.0% |
| Cash at bank and in hand | 54/58 | €16,968 | €26,021 | +€9,053 | +53.4% |
| Total equity and liabilities | 10/49 | €40,042 | €33,117 | -€6,925 | -17.3% |
| Equity | 10/15 | €16,926 | €24,215 | +€7,289 | +43.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €5,623 | +€3,764 | +202.4% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | - | €5,623 | +€5,623 | |
| Profit (loss) carried forward | 14 | -€3,525 | €0 | +€3,525 | |
| Amounts payable | 17/49 | €23,116 | €8,902 | -€14,214 | -61.5% |
| Amounts payable after more than one year | 17 | €7,568 | €0 | -€7,568 | -100.0% |
| Financial debts | 170/4 | €7,568 | €0 | -€7,568 | -100.0% |
| Amounts payable within one year | 42/48 | €15,548 | €8,902 | -€6,646 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €14,857 | €7,568 | -€7,289 | -49.1% |
| Trade debts | 44 | €690 | €461 | -€229 | -33.2% |
| Suppliers | 440/4 | €690 | €461 | -€229 | -33.2% |
| Taxes, remuneration and social security | 45 | €0 | €872 | +€872 | |
| Taxes | 450/3 | €0 | €872 | +€872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,536 | €14,536 | -€0 | 0.0% |
| Other operating charges | 640/8 | €118 | €1,660 | +€1,542 | +1307.0% |
| Gross operating margin | 9900 | €15,894 | €25,019 | +€9,125 | +57.4% |
| Operating profit (loss) | 9901 | €1,240 | €8,823 | +€7,583 | +611.6% |
| Financial income | 75/76B | €69 | €71 | +€2 | +3.0% |
| Recurring financial income | 75 | €69 | €71 | +€2 | +3.0% |
| Financial charges | 65/66B | €352 | €1,228 | +€876 | +249.3% |
| Recurring financial charges | 65 | €352 | €18 | -€334 | -94.9% |
| Non-recurring financial charges | 66B | - | €1,210 | +€1,210 | |
| Profit (loss) for the period before taxes | 9903 | €957 | €7,666 | +€6,709 | +701.0% |
| Income taxes | 67/77 | - | €376 | +€376 | |
| Profit (loss) for the period | 9904 | €957 | €7,289 | +€6,332 | +661.6% |
| Profit (loss) for the period to be appropriated | 9905 | €957 | €7,289 | +€6,332 | +661.6% |
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 10 October 2026 via checked.be.