HENDRICKX TRADING: 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 TRADING
Largest movements
- Receivables within one year -€107,635
down €107,635 (-93.4%), from €115,279 to €7,643
of which Other amounts receivable: -€96,181
- Cash +€46,354
up €46,354 (+82.3%), from €56,318 to €102,672
mainly Receivables within one year (+€107,635) and Depreciation (+€89,534)
- Tangible fixed assets +€32,178
up €32,178 (+2.3%), from €1.4m to €1.4m
of which Furniture and vehicles: +€77,426
- Debts after one year -€76,676
down €76,676 (-9.1%), from €838,216 to €761,540
- Trade debts +€21,124
up €21,124 (+73.7%), from €28,680 to €49,804
- Depreciation +€32,190
up €32,190 (+56.1%), from €57,344 to €89,534
- Gross operating margin +€14,007
up €14,007 (+8.8%), from €159,374 to €173,381
- Financial charges +€9,408
up €9,408 (+67.4%), from €13,960 to €23,368
- Staff costs -€8,951
down €8,951 (-100%), from €8,951 to €0
- Taxes -€3,819
down €3,819 (-27.2%), from €14,035 to €10,216
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 | €1,585,172 | €1,542,439 | -€42,733 | -2.7% |
| Fixed assets | 21/28 | €1,399,346 | €1,431,524 | +€32,178 | +2.3% |
| Tangible fixed assets | 22/27 | €1,399,346 | €1,431,524 | +€32,178 | +2.3% |
| Land and buildings | 22 | €1,350,609 | €1,306,472 | -€44,137 | -3.3% |
| Plant, machinery and equipment | 23 | €32,478 | €31,367 | -€1,111 | -3.4% |
| Furniture and vehicles | 24 | €16,260 | €93,685 | +€77,426 | +476% |
| Current assets | 29/58 | €185,827 | €110,915 | -€74,912 | -40.3% |
| Amounts receivable within one year | 40/41 | €115,279 | €7,643 | -€107,635 | -93.4% |
| Trade receivables | 40 | €14,314 | €2,859 | -€11,455 | -80.0% |
| Other amounts receivable | 41 | €100,965 | €4,784 | -€96,181 | -95.3% |
| Current investments | 50/53 | - | €600 | +€600 | |
| Cash at bank and in hand | 54/58 | €56,318 | €102,672 | +€46,354 | +82.3% |
| Deferred charges and accrued income | 490/1 | €14,230 | €0 | -€14,230 | -100% |
| Total equity and liabilities | 10/49 | €1,585,172 | €1,542,439 | -€42,733 | -2.7% |
| Equity | 10/15 | €455,476 | €468,290 | +€12,814 | +2.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €425,476 | €438,290 | +€12,814 | +3.0% |
| Tax-exempt reserves | 132 | €288,929 | €279,300 | -€9,629 | -3.3% |
| Distributable reserves | 133 | €136,547 | €158,991 | +€22,444 | +16.4% |
| Provisions and deferred taxes | 16 | €84,174 | €80,964 | -€3,210 | -3.8% |
| Deferred taxes | 168 | €84,174 | €80,964 | -€3,210 | -3.8% |
| Amounts payable | 17/49 | €1,045,522 | €993,185 | -€52,338 | -5.0% |
| Amounts payable after more than one year | 17 | €838,216 | €761,540 | -€76,676 | -9.1% |
| Financial debts | 170/4 | €838,216 | €761,540 | -€76,676 | -9.1% |
| Amounts payable within one year | 42/48 | €207,306 | €231,644 | +€24,338 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €74,853 | €76,676 | +€1,823 | +2.4% |
| Trade debts | 44 | €28,680 | €49,804 | +€21,124 | +73.7% |
| Suppliers | 440/4 | €28,680 | €49,804 | +€21,124 | +73.7% |
| Taxes, remuneration and social security | 45 | €8,285 | €16,664 | +€8,379 | +101% |
| Taxes | 450/3 | €8,285 | €16,664 | +€8,379 | +101% |
| Other amounts payable | 47/48 | €95,488 | €88,501 | -€6,988 | -7.3% |
| Remuneration, social security and pensions | 62 | €8,951 | €0 | -€8,951 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,344 | €89,534 | +€32,190 | +56.1% |
| Other operating charges | 640/8 | €38,495 | €40,738 | +€2,242 | +5.8% |
| Gross operating margin | 9900 | €159,374 | €173,381 | +€14,007 | +8.8% |
| Operating profit (loss) | 9901 | €54,584 | €43,109 | -€11,474 | -21.0% |
| Financial income | 75/76B | €114 | €79 | -€35 | -30.9% |
| Recurring financial income | 75 | €114 | €79 | -€35 | -30.9% |
| Financial charges | 65/66B | €13,960 | €23,368 | +€9,408 | +67.4% |
| Recurring financial charges | 65 | €13,960 | €23,368 | +€9,408 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | €40,737 | €19,820 | -€20,917 | -51.3% |
| Transfer from deferred taxes | 780 | €3,210 | €3,210 | = | 0.0% |
| Income taxes | 67/77 | €14,035 | €10,216 | -€3,819 | -27.2% |
| Profit (loss) for the period | 9904 | €29,912 | €12,814 | -€17,098 | -57.2% |
| Transfer from tax-exempt reserves | 789 | €9,629 | €9,629 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,541 | €22,444 | -€17,098 | -43.2% |
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 19 October 2026 via checked.be.