HENDRICKX BOUDEWIJN: 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 BOUDEWIJN
Largest movements
- Receivables within one year -€14,738
down €14,738 (-39.0%), from €37,769 to €23,031
of which Trade receivables: -€15,535
- Cash +€8,554
up €8,554 (+16.9%), from €50,481 to €59,035
mainly Receivables within one year (+€14,738) and Depreciation (+€8,080)
- Tangible fixed assets -€8,080
down €8,080 (-43.5%), from €18,561 to €10,480
of which Furniture and vehicles: -€7,450
- Stocks and contracts -€3,031
down €3,031 (-13.2%), from €22,983 to €19,952
- Profit (loss) carried forward -€20,156
down €20,156 (-785%), from -€2,568 to -€22,724
- Trade debts +€8,037
up €8,037 (+695%), from €1,156 to €9,193
- Debts after one year -€4,815
down €4,815 (-79.9%), from €6,026 to €1,211
- Tax, wage and social debts -€1,986
down €1,986 (-99.6%), from €1,995 to €9
of which Remuneration and social security: -€1,995
- Other debts +€1,729
up €1,729 (+7.4%), from €23,353 to €25,083
- Gross operating margin -€23,911
down €23,911, from €14,091 to -€9,820
- Other operating charges -€269
down €269 (-11.3%), from €2,383 to €2,114
- Depreciation +€184
up €184 (+2.3%), from €7,896 to €8,080
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.
Derived cash bridge
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 | €133,231 | €116,087 | -€17,144 | -12.9% |
| Fixed assets | 21/28 | €18,661 | €10,580 | -€8,080 | -43.3% |
| Tangible fixed assets | 22/27 | €18,561 | €10,480 | -€8,080 | -43.5% |
| Land and buildings | 22 | €1,400 | €1,050 | -€350 | -25.0% |
| Plant, machinery and equipment | 23 | €676 | €396 | -€280 | -41.5% |
| Furniture and vehicles | 24 | €16,485 | €9,035 | -€7,450 | -45.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €114,570 | €105,507 | -€9,064 | -7.9% |
| Stocks and contracts in progress | 3 | €22,983 | €19,952 | -€3,031 | -13.2% |
| Stocks | 30/36 | €22,983 | €19,952 | -€3,031 | -13.2% |
| Amounts receivable within one year | 40/41 | €37,769 | €23,031 | -€14,738 | -39.0% |
| Trade receivables | 40 | €34,209 | €18,674 | -€15,535 | -45.4% |
| Other amounts receivable | 41 | €3,560 | €4,357 | +€797 | +22.4% |
| Cash at bank and in hand | 54/58 | €50,481 | €59,035 | +€8,554 | +16.9% |
| Deferred charges and accrued income | 490/1 | €3,337 | €3,488 | +€151 | +4.5% |
| Total equity and liabilities | 10/49 | €133,231 | €116,087 | -€17,144 | -12.9% |
| Equity | 10/15 | €95,933 | €75,777 | -€20,156 | -21.0% |
| Contributions | 10/11 | €12,402 | €12,402 | = | 0.0% |
| Reserves | 13 | €86,098 | €86,098 | = | 0.0% |
| Distributable reserves | 133 | €86,098 | €86,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,568 | -€22,724 | -€20,156 | -785% |
| Amounts payable | 17/49 | €37,298 | €40,310 | +€3,012 | +8.1% |
| Amounts payable after more than one year | 17 | €6,026 | €1,211 | -€4,815 | -79.9% |
| Financial debts | 170/4 | €6,026 | €1,211 | -€4,815 | -79.9% |
| Amounts payable within one year | 42/48 | €31,272 | €39,099 | +€7,827 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €4,767 | €4,815 | +€47 | +1.0% |
| Trade debts | 44 | €1,156 | €9,193 | +€8,037 | +695% |
| Suppliers | 440/4 | €1,156 | €9,193 | +€8,037 | +695% |
| Taxes, remuneration and social security | 45 | €1,995 | €9 | -€1,986 | -99.6% |
| Taxes | 450/3 | - | €9 | +€9 | |
| Remuneration and social security | 454/9 | €1,995 | - | -€1,995 | |
| Other amounts payable | 47/48 | €23,353 | €25,083 | +€1,729 | +7.4% |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Remuneration, social security and pensions | 62 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,896 | €8,080 | +€184 | +2.3% |
| Other operating charges | 640/8 | €2,383 | €2,114 | -€269 | -11.3% |
| Gross operating margin | 9900 | €14,091 | -€9,820 | -€23,911 | |
| Operating profit (loss) | 9901 | €3,812 | -€20,044 | -€23,856 | |
| Financial income | 75/76B | €304 | €352 | +€48 | +15.7% |
| Recurring financial income | 75 | €304 | €352 | +€48 | +15.7% |
| Financial charges | 65/66B | €332 | €244 | -€88 | -26.6% |
| Recurring financial charges | 65 | €332 | €244 | -€88 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €3,784 | -€19,936 | -€23,720 | |
| Income taxes | 67/77 | €273 | €220 | -€53 | -19.4% |
| Profit (loss) for the period | 9904 | €3,511 | -€20,156 | -€23,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,511 | -€20,156 | -€23,667 |
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 29 October 2026 via checked.be.