Hendrickx Consulting: 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 Consulting
Largest movements
- Receivables within one year +€16,787
up €16,787 (+51.0%), from €32,926 to €49,714
of which Trade receivables: +€14,242
- Cash +€13,942
up €13,942 (+21.7%), from €64,115 to €78,057
mainly Net result for the year (+€82,936) and Depreciation (+€8,050)
- Tangible fixed assets +€2,283
up €2,283 (+12.5%), from €18,324 to €20,607
of which Furniture and vehicles: +€4,238
- Profit (loss) carried forward +€82,936
new in 2025: €82,936
- Reserves -€48,800
down €48,800 (-100.0%), from €48,814 to €14
- Tax, wage and social debts -€6,783
down €6,783 (-36.1%), from €18,806 to €12,023
- Other debts +€3,975
up €3,975 (+10.3%), from €38,544 to €42,519
- Gross operating margin +€45,773
up €45,773 (+65.0%), from €70,450 to €116,223
- Taxes +€9,448
up €9,448 (+64.9%), from €14,550 to €23,998
- Depreciation +€2,640
up €2,640 (+48.8%), from €5,410 to €8,050
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 | €118,205 | €150,911 | +€32,706 | +27.7% |
| Formation expenses | 20 | €15 | - | -€15 | |
| Fixed assets | 21/28 | €18,429 | €20,712 | +€2,283 | +12.4% |
| Tangible fixed assets | 22/27 | €18,324 | €20,607 | +€2,283 | +12.5% |
| Plant, machinery and equipment | 23 | €633 | €412 | -€220 | -34.8% |
| Furniture and vehicles | 24 | €5,930 | €10,168 | +€4,238 | +71.5% |
| Other tangible fixed assets | 26 | €11,761 | €10,026 | -€1,735 | -14.8% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €99,761 | €130,199 | +€30,437 | +30.5% |
| Amounts receivable within one year | 40/41 | €32,926 | €49,714 | +€16,787 | +51.0% |
| Trade receivables | 40 | €31,472 | €45,714 | +€14,242 | +45.3% |
| Other amounts receivable | 41 | €1,454 | €4,000 | +€2,546 | +175% |
| Cash at bank and in hand | 54/58 | €64,115 | €78,057 | +€13,942 | +21.7% |
| Deferred charges and accrued income | 490/1 | €2,720 | €2,428 | -€292 | -10.7% |
| Total equity and liabilities | 10/49 | €118,205 | €150,911 | +€32,706 | +27.7% |
| Equity | 10/15 | €56,314 | €90,450 | +€34,136 | +60.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €48,814 | €14 | -€48,800 | -100.0% |
| Distributable reserves | 133 | €48,814 | €14 | -€48,800 | -100.0% |
| Profit (loss) carried forward | 14 | - | €82,936 | +€82,936 | |
| Amounts payable | 17/49 | €61,891 | €60,461 | -€1,430 | -2.3% |
| Amounts payable within one year | 42/48 | €59,891 | €58,461 | -€1,430 | -2.4% |
| Trade debts | 44 | €2,541 | €3,919 | +€1,378 | +54.2% |
| Suppliers | 440/4 | €2,541 | €3,919 | +€1,378 | +54.2% |
| Taxes, remuneration and social security | 45 | €18,806 | €12,023 | -€6,783 | -36.1% |
| Taxes | 450/3 | €18,806 | €12,023 | -€6,783 | -36.1% |
| Other amounts payable | 47/48 | €38,544 | €42,519 | +€3,975 | +10.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,410 | €8,050 | +€2,640 | +48.8% |
| Other operating charges | 640/8 | €1,272 | €1,105 | -€167 | -13.1% |
| Gross operating margin | 9900 | €70,450 | €116,223 | +€45,773 | +65.0% |
| Operating profit (loss) | 9901 | €63,768 | €107,068 | +€43,300 | +67.9% |
| Financial charges | 65/66B | €404 | €135 | -€269 | -66.6% |
| Recurring financial charges | 65 | €404 | €135 | -€269 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €63,364 | €106,933 | +€43,569 | +68.8% |
| Income taxes | 67/77 | €14,550 | €23,998 | +€9,448 | +64.9% |
| Profit (loss) for the period | 9904 | €48,814 | €82,936 | +€34,122 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,814 | €82,936 | +€34,122 | +69.9% |
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 25 October 2026 via checked.be.