HENDRICX: what changed
Two fiscal 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.
HENDRICX
Largest movements
- Tangible fixed assets -€10,734
down €10,734 (-36.4%), from €29,474 to €18,740
of which Leasing and similar rights: -€6,167
- Receivables within one year +€8,027
up €8,027 (+20.6%), from €38,973 to €46,999
of which Other amounts receivable: +€6,419
- Cash -€903
down €903 (-69.1%), from €1,308 to €405
mainly Receivables within one year (-€8,027) and Net result for the year (-€7,162)
- Profit (loss) carried forward -€7,162
down €7,162 (-28.4%), from €25,257 to €18,095
- Trade debts +€6,550
up €6,550 (+57.6%), from €11,370 to €17,920
- Debts after one year -€6,076
down €6,076 (-38.4%), from €15,812 to €9,736
- Short-term financial debts +€1,886
up €1,886 (+32.5%), from €5,801 to €7,687
- Gross operating margin -€6,505
down €6,505 (-46.9%), from €13,862 to €7,357
- Financial income -€2,474
down €2,474 (-99.9%), from €2,477 to €3
- Depreciation -€2,177
down €2,177 (-16.9%), from €12,911 to €10,734
- Other operating charges +€656
up €656 (+65.5%), from €1,001 to €1,657
- Staff costs +€276
up €276, from -€276 to €0
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.
Cash bridge derived
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 | €86,657 | €82,374 | -€4,284 | -4.9% |
| Fixed assets | 21/28 | €43,974 | €33,240 | -€10,734 | -24.4% |
| Tangible fixed assets | 22/27 | €29,474 | €18,740 | -€10,734 | -36.4% |
| Plant, machinery and equipment | 23 | €4,823 | €1,586 | -€3,237 | -67.1% |
| Furniture and vehicles | 24 | €3,125 | €1,795 | -€1,330 | -42.5% |
| Leasing and similar rights | 25 | €21,526 | €15,359 | -€6,167 | -28.6% |
| Financial fixed assets | 28 | €14,500 | €14,500 | = | 0.0% |
| Current assets | 29/58 | €42,683 | €49,133 | +€6,450 | +15.1% |
| Amounts receivable within one year | 40/41 | €38,973 | €46,999 | +€8,027 | +20.6% |
| Trade receivables | 40 | €21,532 | €23,139 | +€1,607 | +7.5% |
| Other amounts receivable | 41 | €17,441 | €23,860 | +€6,419 | +36.8% |
| Cash at bank and in hand | 54/58 | €1,308 | €405 | -€903 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,402 | €1,729 | -€673 | -28.0% |
| Total equity and liabilities | 10/49 | €86,657 | €82,374 | -€4,284 | -4.9% |
| Equity | 10/15 | €47,845 | €40,683 | -€7,162 | -15.0% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €22,588 | €22,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,588 | €22,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,257 | €18,095 | -€7,162 | -28.4% |
| Amounts payable | 17/49 | €38,812 | €41,690 | +€2,878 | +7.4% |
| Amounts payable after more than one year | 17 | €15,812 | €9,736 | -€6,076 | -38.4% |
| Financial debts | 170/4 | €15,812 | €9,736 | -€6,076 | -38.4% |
| Amounts payable within one year | 42/48 | €23,001 | €31,955 | +€8,954 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €5,829 | €6,076 | +€246 | +4.2% |
| Financial debts | 43 | €5,801 | €7,687 | +€1,886 | +32.5% |
| Credit institutions | 430/8 | €5,801 | €7,687 | +€1,886 | +32.5% |
| Trade debts | 44 | €11,370 | €17,920 | +€6,550 | +57.6% |
| Suppliers | 440/4 | €11,370 | €17,920 | +€6,550 | +57.6% |
| Taxes, remuneration and social security | 45 | €0 | €271 | +€271 | |
| Taxes | 450/3 | €0 | €271 | +€271 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€276 | €0 | +€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,911 | €10,734 | -€2,177 | -16.9% |
| Other operating charges | 640/8 | €1,001 | €1,657 | +€656 | +65.5% |
| Gross operating margin | 9900 | €13,862 | €7,357 | -€6,505 | -46.9% |
| Operating profit (loss) | 9901 | €226 | -€5,034 | -€5,259 | |
| Financial income | 75/76B | €2,477 | €3 | -€2,474 | -99.9% |
| Recurring financial income | 75 | €2,477 | €3 | -€2,474 | -99.9% |
| Financial charges | 65/66B | €2,210 | €2,131 | -€79 | -3.6% |
| Recurring financial charges | 65 | €2,210 | €2,131 | -€79 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €492 | -€7,162 | -€7,654 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €492 | -€7,162 | -€7,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €492 | -€7,162 | -€7,654 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.