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 -€506,805
down €506,805 (-7.9%), from €6.4m to €5.9m
of which Trade receivables: -€455,744
- Tangible fixed assets +€458,457
up €458,457 (+107.6%), from €426,152 to €884,609
of which Furniture and vehicles: +€246,968
- Cash +€318,197
up €318,197 (+45.3%), from €702,256 to €1.0m
mainly Net result for the year (+€708,718) and Receivables within one year (+€506,805)
- Stocks and contracts +€171,877
up €171,877 (+7.1%), from €2.4m to €2.6m
- Current portion of long-term debt -€600,000
down €600,000 (-62.8%), from €955,000 to €355,000
- Profit (loss) carried forward +€468,718
up €468,718 (+7.7%), from €6.1m to €6.5m
- Debts after one year +€380,481
up €380,481, from €0 to €380,481
- Gross operating margin -€373,918
down €373,918 (-9.2%), from €4.0m to €3.7m
- Other operating charges -€341,018
down €341,018 (-78.8%), from €433,013 to €91,995
- Staff costs -€201,760
down €201,760 (-8.2%), from €2.5m to €2.3m
- Depreciation -€52,735
down €52,735 (-25.7%), from €205,516 to €152,781
- Taxes +€44,848
up €44,848 (+21.9%), from €204,601 to €249,449
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,217,464 | €10,549,616 | +€332,152 | +3.3% |
| Fixed assets | 21/28 | €508,249 | €949,789 | +€441,541 | +86.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €426,152 | €884,609 | +€458,457 | +107.6% |
| Plant, machinery and equipment | 23 | €424,649 | €636,139 | +€211,489 | +49.8% |
| Furniture and vehicles | 24 | €1,503 | €248,471 | +€246,968 | +16434.7% |
| Financial fixed assets | 28 | €82,097 | €65,180 | -€16,917 | -20.6% |
| Current assets | 29/58 | €9,709,215 | €9,599,827 | -€109,388 | -1.1% |
| Stocks and contracts in progress | 3 | €2,404,541 | €2,576,418 | +€171,877 | +7.1% |
| Stocks | 30/36 | €2,404,541 | €2,576,418 | +€171,877 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,431,748 | €5,924,943 | -€506,805 | -7.9% |
| Trade receivables | 40 | €6,135,701 | €5,679,957 | -€455,744 | -7.4% |
| Other amounts receivable | 41 | €296,047 | €244,986 | -€51,061 | -17.2% |
| Cash at bank and in hand | 54/58 | €702,256 | €1,020,454 | +€318,197 | +45.3% |
| Deferred charges and accrued income | 490/1 | €170,670 | €78,012 | -€92,659 | -54.3% |
| Total equity and liabilities | 10/49 | €10,217,464 | €10,549,616 | +€332,152 | +3.3% |
| Equity | 10/15 | €6,121,668 | €6,590,386 | +€468,718 | +7.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €23,218 | €23,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,061,266 | €6,529,983 | +€468,718 | +7.7% |
| Amounts payable | 17/49 | €4,095,796 | €3,959,230 | -€136,566 | -3.3% |
| Amounts payable after more than one year | 17 | €0 | €380,481 | +€380,481 | |
| Financial debts | 170/4 | €0 | €380,481 | +€380,481 | |
| Amounts payable within one year | 42/48 | €3,981,557 | €3,502,856 | -€478,701 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €955,000 | €355,000 | -€600,000 | -62.8% |
| Financial debts | 43 | €84,476 | €136,012 | +€51,537 | +61.0% |
| Credit institutions | 430/8 | €84,476 | €136,012 | +€51,537 | +61.0% |
| Trade debts | 44 | €1,720,776 | €1,731,625 | +€10,849 | +0.6% |
| Suppliers | 440/4 | €1,720,776 | €1,731,625 | +€10,849 | +0.6% |
| Taxes, remuneration and social security | 45 | €139,521 | €231,066 | +€91,544 | +65.6% |
| Taxes | 450/3 | €17,786 | €116,188 | +€98,402 | +553.3% |
| Remuneration and social security | 454/9 | €121,736 | €114,878 | -€6,857 | -5.6% |
| Other amounts payable | 47/48 | €1,081,784 | €1,049,153 | -€32,631 | -3.0% |
| Accrued charges and deferred income | 492/3 | €114,239 | €75,893 | -€38,346 | -33.6% |
| Remuneration, social security and pensions | 62 | €2,473,142 | €2,271,382 | -€201,760 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,516 | €152,781 | -€52,735 | -25.7% |
| Other operating charges | 640/8 | €433,013 | €91,995 | -€341,018 | -78.8% |
| Non-recurring operating charges | 66A | €2,710 | €6,041 | +€3,331 | +122.9% |
| Gross operating margin | 9900 | €4,047,609 | €3,673,690 | -€373,918 | -9.2% |
| Operating profit (loss) | 9901 | €933,227 | €1,151,491 | +€218,264 | +23.4% |
| Financial income | 75/76B | €15,457 | €1,875 | -€13,582 | -87.9% |
| Recurring financial income | 75 | €15,457 | €1,875 | -€13,582 | -87.9% |
| Financial charges | 65/66B | €161,201 | €195,199 | +€33,998 | +21.1% |
| Recurring financial charges | 65 | €161,201 | €195,199 | +€33,998 | +21.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €787,483 | €958,167 | +€170,684 | +21.7% |
| Income taxes | 67/77 | €204,601 | €249,449 | +€44,848 | +21.9% |
| Profit (loss) for the period | 9904 | €582,881 | €708,718 | +€125,836 | +21.6% |
| Transfer from tax-exempt reserves | 789 | €106,800 | €0 | -€106,800 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €689,681 | €708,718 | +€19,036 | +2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.