HENDRIKX: what changed
What changed
HENDRIKX
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€197,113
2024 · €199,975-€2,862
Equity
€445,230
2024 · €428,117+€17,113
Cash
€496,776
2024 · €731,209-€234,432
Balance sheet total
€3.2m
2024 · €3.1m+€147,194
Largest movements
Assets
- Receivables within one year +€514,112
up €514,112 (+47.6%), from €1.1m to €1.6m
of which Trade receivables: +€466,833
- Cash -€234,432
down €234,432 (-32.1%), from €731,209 to €496,776
mainly Receivables within one year (-€514,112) and Investment in fixed assets (net) (-€197,768)
- Tangible fixed assets -€93,922
down €93,922 (-14.3%), from €655,044 to €561,122
of which Plant, machinery and equipment: -€117,599
Equity and liabilities
- Accrued charges and deferred income +€135,259
up €135,259 (+68.8%), from €196,591 to €331,851
- Debts after one year -€67,663
down €67,663 (-12.3%), from €549,209 to €481,546
- Other debts +€44,083
up €44,083 (+12.9%), from €341,775 to €385,858
- Tax, wage and social debts +€44,020
up €44,020 (+31.6%), from €139,191 to €183,211
of which Remuneration and social security: +€28,023
Income statement
- Staff costs +€369,998
up €369,998 (+17.2%), from €2.1m to €2.5m
- Gross operating margin +€366,595
up €366,595 (+13.4%), from €2.7m to €3.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€199,975
Gross operating margin
+€366,595
Staff costs
-€369,998
Depreciation
+€5,150
Other operating charges
-€135
Financial income
-€7,260
Financial charges
+€1,735
Taxes
+€1,050
Result 2025
€197,113
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€212,445
Investment
-€197,768
Financing
-€249,110
Cash 2024
€731,209
From operations (derived)
+€212,445
Net result for the year
+€197,113
Depreciation
+€291,689
Stocks and contracts
+€26,091
Receivables within one year
-€514,112
Deferred charges and accrued income
+€12,473
Trade debts
-€24,171
Tax, wage and social debts
+€44,020
Other debts
+€44,083
Accrued charges and deferred income
+€135,259
Investment (derived)
-€197,768
Investment in fixed assets (net)
-€197,768
Financing
-€249,110
Debts after one year
-€67,663
Current portion of long-term debt
-€1,447
Contributions, distributions and other
-€180,000
Cash 2025
€496,776
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,058,482 | €3,205,676 | +€147,194 | +4.8% |
| Fixed assets | 21/28 | €655,044 | €561,122 | -€93,922 | -14.3% |
| Tangible fixed assets | 22/27 | €655,044 | €561,122 | -€93,922 | -14.3% |
| Plant, machinery and equipment | 23 | €393,416 | €275,817 | -€117,599 | -29.9% |
| Furniture and vehicles | 24 | €169,961 | €285,305 | +€115,344 | +67.9% |
| Leasing and similar rights | 25 | €91,667 | - | -€91,667 | |
| Current assets | 29/58 | €2,403,438 | €2,644,554 | +€241,116 | +10.0% |
| Stocks and contracts in progress | 3 | €516,154 | €490,063 | -€26,091 | -5.1% |
| Stocks | 30/36 | €516,154 | €490,063 | -€26,091 | -5.1% |
| Amounts receivable within one year | 40/41 | €1,079,995 | €1,594,107 | +€514,112 | +47.6% |
| Trade receivables | 40 | €971,657 | €1,438,489 | +€466,833 | +48.0% |
| Other amounts receivable | 41 | €108,339 | €155,618 | +€47,279 | +43.6% |
| Cash at bank and in hand | 54/58 | €731,209 | €496,776 | -€234,432 | -32.1% |
| Deferred charges and accrued income | 490/1 | €76,080 | €63,607 | -€12,473 | -16.4% |
| Total equity and liabilities | 10/49 | €3,058,482 | €3,205,676 | +€147,194 | +4.8% |
| Equity | 10/15 | €428,117 | €445,230 | +€17,113 | +4.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €363,117 | €380,230 | +€17,113 | +4.7% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €356,617 | €373,730 | +€17,113 | +4.8% |
| Amounts payable | 17/49 | €2,630,365 | €2,760,446 | +€130,081 | +4.9% |
| Amounts payable after more than one year | 17 | €549,209 | €481,546 | -€67,663 | -12.3% |
| Financial debts | 170/4 | €549,209 | €481,546 | -€67,663 | -12.3% |
| Amounts payable within one year | 42/48 | €1,884,565 | €1,947,049 | +€62,484 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €233,559 | €232,112 | -€1,447 | -0.6% |
| Trade debts | 44 | €1,170,040 | €1,145,869 | -€24,171 | -2.1% |
| Suppliers | 440/4 | €1,170,040 | €1,145,869 | -€24,171 | -2.1% |
| Taxes, remuneration and social security | 45 | €139,191 | €183,211 | +€44,020 | +31.6% |
| Taxes | 450/3 | €18,189 | €34,186 | +€15,997 | +87.9% |
| Remuneration and social security | 454/9 | €121,001 | €149,025 | +€28,023 | +23.2% |
| Other amounts payable | 47/48 | €341,775 | €385,858 | +€44,083 | +12.9% |
| Accrued charges and deferred income | 492/3 | €196,591 | €331,851 | +€135,259 | +68.8% |
| Remuneration, social security and pensions | 62 | €2,148,283 | €2,518,281 | +€369,998 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,839 | €291,689 | -€5,150 | -1.7% |
| Other operating charges | 640/8 | €14,993 | €15,128 | +€135 | +0.9% |
| Gross operating margin | 9900 | €2,730,938 | €3,097,533 | +€366,595 | +13.4% |
| Operating profit (loss) | 9901 | €270,822 | €272,434 | +€1,612 | +0.6% |
| Financial income | 75/76B | €23,114 | €15,854 | -€7,260 | -31.4% |
| Recurring financial income | 75 | €23,114 | €15,854 | -€7,260 | -31.4% |
| Financial charges | 65/66B | €25,772 | €24,036 | -€1,735 | -6.7% |
| Recurring financial charges | 65 | €25,772 | €24,036 | -€1,735 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €268,165 | €264,253 | -€3,912 | -1.5% |
| Income taxes | 67/77 | €68,189 | €67,140 | -€1,050 | -1.5% |
| Profit (loss) for the period | 9904 | €199,975 | €197,113 | -€2,862 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €199,975 | €197,113 | -€2,862 | -1.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.