HENDRICKX TOM: 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 TOM
Largest movements
- Tangible fixed assets -€42,271
down €42,271 (-17.7%), from €239,025 to €196,754
of which Plant, machinery and equipment: -€43,952
- Receivables within one year +€36,537
up €36,537 (+153%), from €23,887 to €60,425
of which Trade receivables: +€36,155
- Deferred charges and accrued income +€7,038
up €7,038 (+67.4%), from €10,448 to €17,486
- Other debts -€34,926
down €34,926 (-73.2%), from €47,714 to €12,788
- Debts after one year -€22,378
down €22,378 (-15.7%), from €142,765 to €120,387
- Trade debts +€19,459
up €19,459 (+159%), from €12,251 to €31,710
- Current portion of long-term debt +€18,719
up €18,719 (+40.6%), from €46,121 to €64,840
- Profit (loss) carried forward +€16,417
up €16,417, from -€16,417 to €0
- Gross operating margin +€35,951
up €35,951 (+35.1%), from €102,452 to €138,404
- Staff costs +€17,599
new in 2025: €17,599
- Taxes +€2,804
up €2,804, from €0 to €2,804
- Other operating charges +€2,207
up €2,207 (+251%), from €879 to €3,086
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 | €310,626 | €314,693 | +€4,067 | +1.3% |
| Fixed assets | 21/28 | €239,025 | €196,834 | -€42,191 | -17.7% |
| Tangible fixed assets | 22/27 | €239,025 | €196,754 | -€42,271 | -17.7% |
| Plant, machinery and equipment | 23 | €135,857 | €91,905 | -€43,952 | -32.4% |
| Furniture and vehicles | 24 | €47,756 | €74,137 | +€26,380 | +55.2% |
| Leasing and similar rights | 25 | €55,412 | €30,712 | -€24,700 | -44.6% |
| Financial fixed assets | 28 | - | €80 | +€80 | |
| Current assets | 29/58 | €71,601 | €117,860 | +€46,259 | +64.6% |
| Amounts receivable within one year | 40/41 | €23,887 | €60,425 | +€36,537 | +153% |
| Trade receivables | 40 | €21,387 | €57,542 | +€36,155 | +169% |
| Other amounts receivable | 41 | €2,500 | €2,882 | +€382 | +15.3% |
| Cash at bank and in hand | 54/58 | €37,265 | €39,949 | +€2,683 | +7.2% |
| Deferred charges and accrued income | 490/1 | €10,448 | €17,486 | +€7,038 | +67.4% |
| Total equity and liabilities | 10/49 | €310,626 | €314,693 | +€4,067 | +1.3% |
| Equity | 10/15 | €54,494 | €73,085 | +€18,591 | +34.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €58,411 | €60,585 | +€2,174 | +3.7% |
| Distributable reserves | 133 | €58,411 | €60,585 | +€2,174 | +3.7% |
| Profit (loss) carried forward | 14 | -€16,417 | €0 | +€16,417 | |
| Amounts payable | 17/49 | €256,132 | €241,608 | -€14,524 | -5.7% |
| Amounts payable after more than one year | 17 | €142,765 | €120,387 | -€22,378 | -15.7% |
| Financial debts | 170/4 | €142,765 | €120,387 | -€22,378 | -15.7% |
| Amounts payable within one year | 42/48 | €112,992 | €120,240 | +€7,248 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €46,121 | €64,840 | +€18,719 | +40.6% |
| Trade debts | 44 | €12,251 | €31,710 | +€19,459 | +159% |
| Suppliers | 440/4 | €12,251 | €31,710 | +€19,459 | +159% |
| Taxes, remuneration and social security | 45 | €6,907 | €10,903 | +€3,995 | +57.8% |
| Taxes | 450/3 | €6,907 | €10,903 | +€3,995 | +57.8% |
| Other amounts payable | 47/48 | €47,714 | €12,788 | -€34,926 | -73.2% |
| Accrued charges and deferred income | 492/3 | €375 | €981 | +€606 | +161% |
| Non-recurring operating income | 76A | - | €15,839 | +€15,839 | |
| Remuneration, social security and pensions | 62 | - | €17,599 | +€17,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,033 | €83,380 | -€653 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €250 | €1,500 | +€1,250 | +500% |
| Other operating charges | 640/8 | €879 | €3,086 | +€2,207 | +251% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €102,452 | €138,404 | +€35,951 | +35.1% |
| Operating profit (loss) | 9901 | €17,290 | €32,839 | +€15,549 | +89.9% |
| Financial income | 75/76B | €20 | €500 | +€480 | +2,409% |
| Recurring financial income | 75 | €20 | €500 | +€480 | +2,409% |
| Financial charges | 65/66B | €11,426 | €11,944 | +€518 | +4.5% |
| Recurring financial charges | 65 | €11,426 | €11,944 | +€518 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €5,884 | €21,395 | +€15,511 | +264% |
| Income taxes | 67/77 | €0 | €2,804 | +€2,804 | |
| Profit (loss) for the period | 9904 | €5,884 | €18,591 | +€12,708 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €5,884 | €18,591 | +€12,708 | +216% |
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 20 October 2026 via checked.be.