HENDRICKX A: 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 A
Largest movements
- Cash -€41,047
down €41,047 (-94.2%), from €43,556 to €2,509
mainly Receivables within one year (-€18,198) and Current investments (-€18,048)
- Receivables within one year +€18,198
up €18,198 (+31.0%), from €58,715 to €76,913
of which Other amounts receivable: +€21,045
- Current investments +€18,048
new in 2025: €18,048
- Deferred charges and accrued income -€2,198
down €2,198 (-45.3%), from €4,857 to €2,659
- Profit (loss) carried forward -€5,224
down €5,224 (-8.9%), from €58,759 to €53,535
- Tax, wage and social debts -€4,465
down €4,465 (-59.5%), from €7,499 to €3,035
of which Remuneration and social security: -€4,382
- Trade debts +€1,797
up €1,797 (+107.6%), from €1,671 to €3,467
- Gross operating margin -€9,654
down €9,654, from €4,309 to -€5,345
- Taxes -€1,928
down €1,928 (-90.2%), from €2,138 to €210
- Other operating charges -€529
down €529 (-50.5%), from €1,049 to €520
- Financial income +€300
up €300 (+16.5%), from €1,821 to €2,120
- Financial charges -€184
down €184 (-33.4%), from €551 to €367
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 | €118,608 | €110,706 | -€7,902 | -6.7% |
| Fixed assets | 21/28 | €11,479 | €10,577 | -€902 | -7.9% |
| Tangible fixed assets | 22/27 | €11,359 | €10,457 | -€902 | -7.9% |
| Plant, machinery and equipment | 23 | €6,465 | €6,377 | -€87 | -1.4% |
| Furniture and vehicles | 24 | €29 | €0 | -€29 | -100.0% |
| Other tangible fixed assets | 26 | €4,866 | €4,080 | -€786 | -16.2% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €107,129 | €100,129 | -€7,000 | -6.5% |
| Amounts receivable within one year | 40/41 | €58,715 | €76,913 | +€18,198 | +31.0% |
| Trade receivables | 40 | €21,907 | €19,060 | -€2,847 | -13.0% |
| Other amounts receivable | 41 | €36,808 | €57,853 | +€21,045 | +57.2% |
| Current investments | 50/53 | - | €18,048 | +€18,048 | |
| Cash at bank and in hand | 54/58 | €43,556 | €2,509 | -€41,047 | -94.2% |
| Deferred charges and accrued income | 490/1 | €4,857 | €2,659 | -€2,198 | -45.3% |
| Total equity and liabilities | 10/49 | €118,608 | €110,706 | -€7,902 | -6.7% |
| Equity | 10/15 | €105,100 | €99,876 | -€5,224 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,141 | €40,141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,281 | €38,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,759 | €53,535 | -€5,224 | -8.9% |
| Amounts payable | 17/49 | €13,508 | €10,830 | -€2,678 | -19.8% |
| Amounts payable within one year | 42/48 | €11,858 | €9,180 | -€2,678 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €1,734 | €1,724 | -€10 | -0.6% |
| Trade debts | 44 | €1,671 | €3,467 | +€1,797 | +107.6% |
| Suppliers | 440/4 | €1,671 | €3,467 | +€1,797 | +107.6% |
| Advances received on contracts in progress | 46 | €954 | €954 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,499 | €3,035 | -€4,465 | -59.5% |
| Taxes | 450/3 | €2,079 | €1,996 | -€83 | -4.0% |
| Remuneration and social security | 454/9 | €5,421 | €1,039 | -€4,382 | -80.8% |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,650 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €902 | +€29 | +3.3% |
| Other operating charges | 640/8 | €1,049 | €520 | -€529 | -50.5% |
| Gross operating margin | 9900 | €4,309 | -€5,345 | -€9,654 | |
| Operating profit (loss) | 9901 | €2,387 | -€6,767 | -€9,154 | |
| Financial income | 75/76B | €1,821 | €2,120 | +€300 | +16.5% |
| Recurring financial income | 75 | €1,821 | €2,120 | +€300 | +16.5% |
| Financial charges | 65/66B | €551 | €367 | -€184 | -33.4% |
| Recurring financial charges | 65 | €551 | €367 | -€184 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €3,656 | -€5,014 | -€8,670 | |
| Income taxes | 67/77 | €2,138 | €210 | -€1,928 | -90.2% |
| Profit (loss) for the period | 9904 | €1,519 | -€5,224 | -€6,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,519 | -€5,224 | -€6,742 |
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 7 October 2026 via checked.be.