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
- Cash +€56,705
up €56,705 (+46.5%), from €122,054 to €178,760
mainly Net result for the year (+€25,052) and Tax, wage and social debts (+€18,609)
- Stocks and contracts -€5,372
down €5,372 (-45.2%), from €11,884 to €6,512
- Tangible fixed assets -€3,378
down €3,378 (-49.8%), from €6,786 to €3,408
- Receivables within one year +€3,277
up €3,277 (+67.7%), from €4,838 to €8,115
of which Other amounts receivable: +€2,452
- Reserves +€25,052
up €25,052 (+33.0%), from €75,851 to €100,903
of which Distributable reserves: +€25,052
- Tax, wage and social debts +€18,609
up €18,609 (+72.9%), from €25,527 to €44,136
of which Taxes: +€18,315
- Other debts +€10,862
up €10,862 (+82.7%), from €13,142 to €24,004
- Short-term financial debts -€2,521
down €2,521 (-74.8%), from €3,370 to €849
- Gross operating margin +€31,758
up €31,758 (+52.1%), from €60,926 to €92,684
- Staff costs +€7,598
up €7,598 (+23.1%), from €32,838 to €40,436
- Taxes +€7,269
up €7,269 (+133.4%), from €5,451 to €12,719
- Financial charges +€4,341
up €4,341 (+151.9%), from €2,858 to €7,199
- Other operating charges +€1,488
up €1,488 (+37.6%), from €3,956 to €5,444
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 | €146,528 | €198,280 | +€51,752 | +35.3% |
| Fixed assets | 21/28 | €6,786 | €3,408 | -€3,378 | -49.8% |
| Tangible fixed assets | 22/27 | €6,786 | €3,408 | -€3,378 | -49.8% |
| Plant, machinery and equipment | 23 | €3,003 | €1,794 | -€1,208 | -40.2% |
| Furniture and vehicles | 24 | €1,469 | €0 | -€1,469 | -100.0% |
| Other tangible fixed assets | 26 | €2,315 | €1,614 | -€701 | -30.3% |
| Current assets | 29/58 | €139,742 | €194,872 | +€55,130 | +39.5% |
| Stocks and contracts in progress | 3 | €11,884 | €6,512 | -€5,372 | -45.2% |
| Stocks | 30/36 | €11,884 | €6,512 | -€5,372 | -45.2% |
| Amounts receivable within one year | 40/41 | €4,838 | €8,115 | +€3,277 | +67.7% |
| Trade receivables | 40 | €0 | €825 | +€825 | |
| Other amounts receivable | 41 | €4,838 | €7,290 | +€2,452 | +50.7% |
| Cash at bank and in hand | 54/58 | €122,054 | €178,760 | +€56,705 | +46.5% |
| Deferred charges and accrued income | 490/1 | €965 | €1,484 | +€520 | +53.9% |
| Total equity and liabilities | 10/49 | €146,528 | €198,280 | +€51,752 | +35.3% |
| Equity | 10/15 | €94,443 | €119,495 | +€25,052 | +26.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €75,851 | €100,903 | +€25,052 | +33.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €73,991 | €99,044 | +€25,052 | +33.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €52,085 | €78,785 | +€26,700 | +51.3% |
| Amounts payable within one year | 42/48 | €52,085 | €78,785 | +€26,700 | +51.3% |
| Financial debts | 43 | €3,370 | €849 | -€2,521 | -74.8% |
| Credit institutions | 430/8 | €3,370 | €849 | -€2,521 | -74.8% |
| Trade debts | 44 | €10,047 | €9,796 | -€251 | -2.5% |
| Suppliers | 440/4 | €10,047 | €9,796 | -€251 | -2.5% |
| Taxes, remuneration and social security | 45 | €25,527 | €44,136 | +€18,609 | +72.9% |
| Taxes | 450/3 | €19,343 | €37,658 | +€18,315 | +94.7% |
| Remuneration and social security | 454/9 | €6,183 | €6,478 | +€294 | +4.8% |
| Other amounts payable | 47/48 | €13,142 | €24,004 | +€10,862 | +82.7% |
| Non-recurring operating income | 76A | - | €3,967 | +€3,967 | |
| Remuneration, social security and pensions | 62 | €32,838 | €40,436 | +€7,598 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,614 | €1,910 | -€705 | -27.0% |
| Other operating charges | 640/8 | €3,956 | €5,444 | +€1,488 | +37.6% |
| Gross operating margin | 9900 | €60,926 | €92,684 | +€31,758 | +52.1% |
| Operating profit (loss) | 9901 | €21,518 | €44,894 | +€23,376 | +108.6% |
| Financial income | 75/76B | €2 | €77 | +€75 | +4110.9% |
| Recurring financial income | 75 | €2 | €77 | +€75 | +4110.9% |
| Financial charges | 65/66B | €2,858 | €7,199 | +€4,341 | +151.9% |
| Recurring financial charges | 65 | €2,858 | €7,199 | +€4,341 | +151.9% |
| Profit (loss) for the period before taxes | 9903 | €18,662 | €37,772 | +€19,110 | +102.4% |
| Income taxes | 67/77 | €5,451 | €12,719 | +€7,269 | +133.4% |
| Profit (loss) for the period | 9904 | €13,211 | €25,052 | +€11,841 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,211 | €25,052 | +€11,841 | +89.6% |
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 1 October 2026 via checked.be.