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
- Tangible fixed assets +€44,148
up €44,148 (+174.9%), from €25,242 to €69,389
- Cash -€5,685
down €5,685 (-20.0%), from €28,449 to €22,764
mainly Investment in fixed assets (net) (-€53,305) and Deferred charges and accrued income (-€4,141)
- Receivables within one year -€4,892
down €4,892 (-27.0%), from €18,116 to €13,224
of which Trade receivables: -€9,366
- Deferred charges and accrued income +€4,141
up €4,141 (+1219.5%), from €340 to €4,480
- Debts after one year +€23,945
up €23,945 (+141.4%), from €16,934 to €40,879
- Profit (loss) carried forward +€9,513
up €9,513 (+29.6%), from €32,176 to €41,689
- Current portion of long-term debt +€7,242
up €7,242 (+137.2%), from €5,277 to €12,519
- Tax, wage and social debts -€1,860
down €1,860 (-53.1%), from €3,500 to €1,640
of which Remuneration and social security: -€3,500
- Other debts -€1,135
down €1,135 (-37.3%), from €3,046 to €1,910
- Gross operating margin -€27,363
down €27,363 (-55.1%), from €49,668 to €22,305
- Taxes -€6,073
down €6,073 (-82.1%), from €7,397 to €1,324
- Depreciation +€1,866
up €1,866 (+25.6%), from €7,291 to €9,157
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 | €72,146 | €109,858 | +€37,712 | +52.3% |
| Fixed assets | 21/28 | €25,242 | €69,389 | +€44,148 | +174.9% |
| Tangible fixed assets | 22/27 | €25,242 | €69,389 | +€44,148 | +174.9% |
| Furniture and vehicles | 24 | €25,242 | €69,389 | +€44,148 | +174.9% |
| Current assets | 29/58 | €46,904 | €40,468 | -€6,436 | -13.7% |
| Amounts receivable within one year | 40/41 | €18,116 | €13,224 | -€4,892 | -27.0% |
| Trade receivables | 40 | €16,958 | €7,591 | -€9,366 | -55.2% |
| Other amounts receivable | 41 | €1,158 | €5,633 | +€4,474 | +386.3% |
| Cash at bank and in hand | 54/58 | €28,449 | €22,764 | -€5,685 | -20.0% |
| Deferred charges and accrued income | 490/1 | €340 | €4,480 | +€4,141 | +1219.5% |
| Total equity and liabilities | 10/49 | €72,146 | €109,858 | +€37,712 | +52.3% |
| Equity | 10/15 | €42,176 | €51,689 | +€9,513 | +22.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,176 | €41,689 | +€9,513 | +29.6% |
| Amounts payable | 17/49 | €29,970 | €58,169 | +€28,199 | +94.1% |
| Amounts payable after more than one year | 17 | €16,934 | €40,879 | +€23,945 | +141.4% |
| Financial debts | 170/4 | €16,934 | €40,879 | +€23,945 | +141.4% |
| Amounts payable within one year | 42/48 | €13,036 | €17,290 | +€4,254 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €5,277 | €12,519 | +€7,242 | +137.2% |
| Trade debts | 44 | €1,213 | €1,220 | +€7 | +0.6% |
| Suppliers | 440/4 | €1,213 | €1,220 | +€7 | +0.6% |
| Taxes, remuneration and social security | 45 | €3,500 | €1,640 | -€1,860 | -53.1% |
| Taxes | 450/3 | - | €1,640 | +€1,640 | |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100.0% |
| Other amounts payable | 47/48 | €3,046 | €1,910 | -€1,135 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,291 | €9,157 | +€1,866 | +25.6% |
| Other operating charges | 640/8 | €1,097 | €691 | -€406 | -37.0% |
| Gross operating margin | 9900 | €49,668 | €22,305 | -€27,363 | -55.1% |
| Operating profit (loss) | 9901 | €41,280 | €12,457 | -€28,823 | -69.8% |
| Financial charges | 65/66B | €1,707 | €1,621 | -€86 | -5.0% |
| Recurring financial charges | 65 | €1,707 | €1,621 | -€86 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €39,573 | €10,837 | -€28,736 | -72.6% |
| Income taxes | 67/77 | €7,397 | €1,324 | -€6,073 | -82.1% |
| Profit (loss) for the period | 9904 | €32,176 | €9,513 | -€22,663 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,176 | €9,513 | -€22,663 | -70.4% |
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 2 October 2026 via checked.be.