HENDRICKX Roger: 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 Roger
Largest movements
- Cash +€225,242
up €225,242 (+148%), from €152,226 to €377,468
mainly Other debts (+€373,658) and Net result for the year (+€316,944)
- Current investments +€142,917
up €142,917 (+15.4%), from €927,800 to €1.1m
- Stocks and contracts +€31,208
up €31,208 (+5.4%), from €581,945 to €613,153
- Tangible fixed assets -€30,366
down €30,366 (-10.0%), from €304,440 to €274,074
of which Leasing and similar rights: -€57,075
- Other debts +€373,658
up €373,658 (+581%), from €64,366 to €438,025
- Trade debts +€92,881
up €92,881 (+104%), from €89,322 to €182,202
- Reserves -€66,000
down €66,000 (-3.7%), from €1.8m to €1.7m
of which Distributable reserves: -€66,000
- Debts after one year -€39,064
down €39,064 (-17.6%), from €221,462 to €182,398
- Staff costs +€42,281
up €42,281 (+32.4%), from €130,341 to €172,623
- Gross operating margin +€35,290
up €35,290 (+5.1%), from €698,125 to €733,416
- Financial income +€27,755
up €27,755 (+464%), from €5,979 to €33,733
- Depreciation +€20,155
up €20,155 (+25.5%), from €78,969 to €99,125
- Write-downs +€13,886
new in 2025: €13,886
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 | €2,384,801 | €2,746,045 | +€361,243 | +15.1% |
| Fixed assets | 21/28 | €304,710 | €274,344 | -€30,366 | -10.0% |
| Tangible fixed assets | 22/27 | €304,440 | €274,074 | -€30,366 | -10.0% |
| Plant, machinery and equipment | 23 | €10,402 | €7,050 | -€3,351 | -32.2% |
| Furniture and vehicles | 24 | €29,401 | €59,460 | +€30,060 | +102% |
| Leasing and similar rights | 25 | €264,638 | €207,563 | -€57,075 | -21.6% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €2,080,091 | €2,471,701 | +€391,610 | +18.8% |
| Stocks and contracts in progress | 3 | €581,945 | €613,153 | +€31,208 | +5.4% |
| Stocks | 30/36 | €581,945 | €613,153 | +€31,208 | +5.4% |
| Amounts receivable within one year | 40/41 | €409,604 | €400,635 | -€8,969 | -2.2% |
| Trade receivables | 40 | €409,604 | €400,635 | -€8,969 | -2.2% |
| Current investments | 50/53 | €927,800 | €1,070,718 | +€142,917 | +15.4% |
| Cash at bank and in hand | 54/58 | €152,226 | €377,468 | +€225,242 | +148% |
| Deferred charges and accrued income | 490/1 | €8,517 | €9,728 | +€1,211 | +14.2% |
| Total equity and liabilities | 10/49 | €2,384,801 | €2,746,045 | +€361,243 | +15.1% |
| Equity | 10/15 | €1,920,206 | €1,855,150 | -€65,056 | -3.4% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,786,400 | €1,720,400 | -€66,000 | -3.7% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €1,774,000 | €1,708,000 | -€66,000 | -3.7% |
| Profit (loss) carried forward | 14 | €9,806 | €10,750 | +€944 | +9.6% |
| Amounts payable | 17/49 | €464,596 | €890,895 | +€426,299 | +91.8% |
| Amounts payable after more than one year | 17 | €221,462 | €182,398 | -€39,064 | -17.6% |
| Financial debts | 170/4 | €221,462 | €182,398 | -€39,064 | -17.6% |
| Amounts payable within one year | 42/48 | €243,134 | €708,497 | +€465,363 | +191% |
| Current portion of amounts payable after more than one year | 42 | €40,929 | €39,064 | -€1,865 | -4.6% |
| Trade debts | 44 | €89,322 | €182,202 | +€92,881 | +104% |
| Suppliers | 440/4 | €89,322 | €182,202 | +€92,881 | +104% |
| Taxes, remuneration and social security | 45 | €48,517 | €49,206 | +€688 | +1.4% |
| Taxes | 450/3 | €29,321 | €24,386 | -€4,935 | -16.8% |
| Remuneration and social security | 454/9 | €19,196 | €24,820 | +€5,624 | +29.3% |
| Other amounts payable | 47/48 | €64,366 | €438,025 | +€373,658 | +581% |
| Non-recurring operating income | 76A | €2,735 | - | -€2,735 | |
| Remuneration, social security and pensions | 62 | €130,341 | €172,623 | +€42,281 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,969 | €99,125 | +€20,155 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,886 | +€13,886 | |
| Other operating charges | 640/8 | €14,709 | €14,964 | +€256 | +1.7% |
| Gross operating margin | 9900 | €698,125 | €733,416 | +€35,290 | +5.1% |
| Operating profit (loss) | 9901 | €474,106 | €432,818 | -€41,287 | -8.7% |
| Financial income | 75/76B | €5,979 | €33,733 | +€27,755 | +464% |
| Recurring financial income | 75 | €5,979 | €33,733 | +€27,755 | +464% |
| Financial charges | 65/66B | €8,204 | €6,353 | -€1,851 | -22.6% |
| Recurring financial charges | 65 | €8,204 | €6,353 | -€1,851 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €471,880 | €460,199 | -€11,681 | -2.5% |
| Income taxes | 67/77 | €145,702 | €143,254 | -€2,448 | -1.7% |
| Profit (loss) for the period | 9904 | €326,178 | €316,944 | -€9,234 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €326,178 | €316,944 | -€9,234 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.