Hendrikx Projects: 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.
Hendrikx Projects
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+124%), from €999,512 to €2.2m
- Receivables within one year +€90,713
up €90,713 (+2,425%), from €3,741 to €94,454
of which Trade receivables: +€94,454
- Cash +€65,510
up €65,510 (+448%), from €14,612 to €80,123
mainly Debts after one year (+€678,692) and Short-term financial debts (+€270,000)
- Debts after one year +€678,692
up €678,692 (+89.8%), from €755,638 to €1.4m
of which Financial debts: +€678,692
- Short-term financial debts +€270,000
new in 2025: €270,000
- Accrued charges and deferred income +€192,161
up €192,161 (+3,483%), from €5,517 to €197,679
- Profit (loss) carried forward +€115,212
up €115,212 (+72.8%), from €158,178 to €273,390
- Current portion of long-term debt +€88,739
up €88,739 (+178%), from €49,949 to €138,689
- Gross operating margin +€163,695
up €163,695 (+530%), from €30,879 to €194,574
- Taxes +€37,393
up €37,393 (+822%), from €4,547 to €41,940
- Financial charges +€23,488
up €23,488 (+182%), from €12,875 to €36,362
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 | €1,017,865 | €2,409,075 | +€1.4m | +137% |
| Current assets | 29/58 | €1,017,865 | €2,409,075 | +€1.4m | +137% |
| Stocks and contracts in progress | 3 | €999,512 | €2,234,498 | +€1.2m | +124% |
| Stocks | 30/36 | €999,512 | €2,234,498 | +€1.2m | +124% |
| Amounts receivable within one year | 40/41 | €3,741 | €94,454 | +€90,713 | +2,425% |
| Trade receivables | 40 | - | €94,454 | +€94,454 | |
| Other amounts receivable | 41 | €3,741 | - | -€3,741 | |
| Cash at bank and in hand | 54/58 | €14,612 | €80,123 | +€65,510 | +448% |
| Total equity and liabilities | 10/49 | €1,017,865 | €2,409,075 | +€1.4m | +137% |
| Equity | 10/15 | €176,778 | €291,990 | +€115,212 | +65.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,178 | €273,390 | +€115,212 | +72.8% |
| Amounts payable | 17/49 | €841,086 | €2,117,085 | +€1.3m | +152% |
| Amounts payable after more than one year | 17 | €755,638 | €1,434,330 | +€678,692 | +89.8% |
| Financial debts | 170/4 | €751,938 | €1,430,630 | +€678,692 | +90.3% |
| Other amounts payable | 178/9 | €3,700 | €3,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,931 | €485,077 | +€405,146 | +507% |
| Current portion of amounts payable after more than one year | 42 | €49,949 | €138,689 | +€88,739 | +178% |
| Financial debts | 43 | - | €270,000 | +€270,000 | |
| Credit institutions | 430/8 | - | €270,000 | +€270,000 | |
| Trade debts | 44 | €20,883 | €28,136 | +€7,252 | +34.7% |
| Suppliers | 440/4 | €20,883 | €28,136 | +€7,252 | +34.7% |
| Taxes, remuneration and social security | 45 | €9,098 | €48,252 | +€39,154 | +430% |
| Taxes | 450/3 | €9,098 | €48,252 | +€39,154 | +430% |
| Accrued charges and deferred income | 492/3 | €5,517 | €197,679 | +€192,161 | +3,483% |
| Other operating charges | 640/8 | €1,318 | €1,060 | -€258 | -19.5% |
| Gross operating margin | 9900 | €30,879 | €194,574 | +€163,695 | +530% |
| Operating profit (loss) | 9901 | €29,561 | €193,514 | +€163,953 | +555% |
| Financial charges | 65/66B | €12,875 | €36,362 | +€23,488 | +182% |
| Recurring financial charges | 65 | €12,875 | €36,362 | +€23,488 | +182% |
| Profit (loss) for the period before taxes | 9903 | €16,687 | €157,151 | +€140,465 | +842% |
| Income taxes | 67/77 | €4,547 | €41,940 | +€37,393 | +822% |
| Profit (loss) for the period | 9904 | €12,139 | €115,212 | +€103,072 | +849% |
| Profit (loss) for the period to be appropriated | 9905 | €12,139 | €115,212 | +€103,072 | +849% |
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 15 October 2026 via checked.be.