HENDRIKS TLS: 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.
HENDRIKS TLS
Largest movements
- Tangible fixed assets -€35,203
down €35,203 (-7.4%), from €473,134 to €437,931
of which Furniture and vehicles: -€29,302
- Cash -€24,539
down €24,539 (-29.1%), from €84,367 to €59,829
mainly Investment in fixed assets (net) (-€54,791) and Trade debts (-€48,713)
- Financial fixed assets -€19,000
down €19,000 (-96.7%), from €19,650 to €650
- Trade debts -€48,713
down €48,713 (-53.9%), from €90,419 to €41,706
- Debts after one year -€40,722
down €40,722 (-9.7%), from €420,538 to €379,816
of which Financial debts: -€35,722
- Tax, wage and social debts -€18,350
down €18,350 (-30.7%), from €59,686 to €41,336
of which Remuneration and social security: -€13,217
- Current portion of long-term debt +€12,671
up €12,671 (+20.0%), from €63,217 to €75,888
- Profit (loss) carried forward +€11,517
up €11,517 (+14.4%), from €80,044 to €91,561
- Staff costs +€36,557
up €36,557 (+65.4%), from €55,927 to €92,484
- Gross operating margin +€34,984
up €34,984 (+15.9%), from €220,720 to €255,705
- Depreciation +€33,316
up €33,316 (+44.0%), from €75,678 to €108,994
- Other operating charges +€12,019
up €12,019 (+128%), from €9,386 to €21,405
- Financial charges +€5,918
up €5,918 (+41.7%), from €14,192 to €20,110
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 | €729,620 | €640,844 | -€88,776 | -12.2% |
| Fixed assets | 21/28 | €492,784 | €438,581 | -€54,203 | -11.0% |
| Tangible fixed assets | 22/27 | €473,134 | €437,931 | -€35,203 | -7.4% |
| Plant, machinery and equipment | 23 | €163,698 | €158,125 | -€5,573 | -3.4% |
| Furniture and vehicles | 24 | €307,856 | €278,553 | -€29,302 | -9.5% |
| Other tangible fixed assets | 26 | €1,581 | €1,253 | -€328 | -20.7% |
| Financial fixed assets | 28 | €19,650 | €650 | -€19,000 | -96.7% |
| Current assets | 29/58 | €236,836 | €202,263 | -€34,573 | -14.6% |
| Amounts receivable within one year | 40/41 | €140,937 | €137,435 | -€3,502 | -2.5% |
| Trade receivables | 40 | €140,937 | €95,853 | -€45,084 | -32.0% |
| Other amounts receivable | 41 | - | €41,582 | +€41,582 | |
| Cash at bank and in hand | 54/58 | €84,367 | €59,829 | -€24,539 | -29.1% |
| Deferred charges and accrued income | 490/1 | €11,531 | €4,999 | -€6,532 | -56.6% |
| Total equity and liabilities | 10/49 | €729,620 | €640,844 | -€88,776 | -12.2% |
| Equity | 10/15 | €90,044 | €101,561 | +€11,517 | +12.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,044 | €91,561 | +€11,517 | +14.4% |
| Amounts payable | 17/49 | €639,575 | €539,283 | -€100,292 | -15.7% |
| Amounts payable after more than one year | 17 | €420,538 | €379,816 | -€40,722 | -9.7% |
| Financial debts | 170/4 | €370,538 | €334,816 | -€35,722 | -9.6% |
| Other amounts payable | 178/9 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Amounts payable within one year | 42/48 | €219,038 | €159,467 | -€59,570 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €63,217 | €75,888 | +€12,671 | +20.0% |
| Trade debts | 44 | €90,419 | €41,706 | -€48,713 | -53.9% |
| Suppliers | 440/4 | €90,419 | €41,706 | -€48,713 | -53.9% |
| Taxes, remuneration and social security | 45 | €59,686 | €41,336 | -€18,350 | -30.7% |
| Taxes | 450/3 | €37,526 | €32,393 | -€5,133 | -13.7% |
| Remuneration and social security | 454/9 | €22,160 | €8,943 | -€13,217 | -59.6% |
| Other amounts payable | 47/48 | €5,716 | €538 | -€5,178 | -90.6% |
| Remuneration, social security and pensions | 62 | €55,927 | €92,484 | +€36,557 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,678 | €108,994 | +€33,316 | +44.0% |
| Other operating charges | 640/8 | €9,386 | €21,405 | +€12,019 | +128% |
| Gross operating margin | 9900 | €220,720 | €255,705 | +€34,984 | +15.9% |
| Operating profit (loss) | 9901 | €79,729 | €32,821 | -€46,907 | -58.8% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €14,192 | €20,110 | +€5,918 | +41.7% |
| Recurring financial charges | 65 | €14,192 | €20,110 | +€5,918 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €65,547 | €12,711 | -€52,836 | -80.6% |
| Income taxes | 67/77 | €6,759 | €1,195 | -€5,565 | -82.3% |
| Profit (loss) for the period | 9904 | €58,788 | €11,517 | -€47,271 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,788 | €11,517 | -€47,271 | -80.4% |
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 14 October 2026 via checked.be.