HENDRIKX VASTGOED: 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 VASTGOED
Largest movements
- Cash -€43,940
down €43,940 (-57.3%), from €76,665 to €32,725
mainly Short-term financial debts (-€220,480) and Debts after one year (-€25,737)
- Tangible fixed assets -€27,939
down €27,939 (-10.4%), from €267,431 to €239,492
- Stocks and contracts +€18,720
up €18,720 (+6.5%), from €289,764 to €308,484
- Receivables within one year +€7,705
new in 2025: €7,705
- Short-term financial debts -€220,480
down €220,480 (-100%), from €220,480 to €0
- Current portion of long-term debt +€180,542
up €180,542 (+717%), from €25,195 to €205,737
- Debts after one year -€25,737
down €25,737 (-22.6%), from €113,643 to €87,906
- Trade debts +€8,504
new in 2025: €8,504
- Gross operating margin -€11,215
down €11,215 (-16.1%), from €69,468 to €58,253
- Taxes -€4,878
down €4,878 (-57.5%), from €8,488 to €3,611
- Financial charges +€1,614
up €1,614 (+10.3%), from €15,603 to €17,216
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 | €708,860 | €663,406 | -€45,454 | -6.4% |
| Fixed assets | 21/28 | €342,431 | €314,492 | -€27,939 | -8.2% |
| Tangible fixed assets | 22/27 | €267,431 | €239,492 | -€27,939 | -10.4% |
| Land and buildings | 22 | €267,431 | €239,492 | -€27,939 | -10.4% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €366,429 | €348,914 | -€17,515 | -4.8% |
| Stocks and contracts in progress | 3 | €289,764 | €308,484 | +€18,720 | +6.5% |
| Stocks | 30/36 | €289,764 | €308,484 | +€18,720 | +6.5% |
| Amounts receivable within one year | 40/41 | - | €7,705 | +€7,705 | |
| Trade receivables | 40 | - | €7,705 | +€7,705 | |
| Cash at bank and in hand | 54/58 | €76,665 | €32,725 | -€43,940 | -57.3% |
| Total equity and liabilities | 10/49 | €708,860 | €663,406 | -€45,454 | -6.4% |
| Equity | 10/15 | €251,214 | €253,169 | +€1,954 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,614 | €234,569 | +€1,954 | +0.8% |
| Tax-exempt reserves | 132 | €33,279 | €28,675 | -€4,604 | -13.8% |
| Distributable reserves | 133 | €199,336 | €205,894 | +€6,558 | +3.3% |
| Provisions and deferred taxes | 16 | €9,482 | €7,111 | -€2,370 | -25.0% |
| Deferred taxes | 168 | €9,482 | €7,111 | -€2,370 | -25.0% |
| Amounts payable | 17/49 | €448,164 | €403,126 | -€45,038 | -10.0% |
| Amounts payable after more than one year | 17 | €113,643 | €87,906 | -€25,737 | -22.6% |
| Financial debts | 170/4 | €113,643 | €87,906 | -€25,737 | -22.6% |
| Amounts payable within one year | 42/48 | €334,520 | €310,258 | -€24,262 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €25,195 | €205,737 | +€180,542 | +717% |
| Financial debts | 43 | €220,480 | €0 | -€220,480 | -100% |
| Credit institutions | 430/8 | €220,480 | €0 | -€220,480 | -100% |
| Trade debts | 44 | - | €8,504 | +€8,504 | |
| Suppliers | 440/4 | - | €8,504 | +€8,504 | |
| Advances received on contracts in progress | 46 | - | €6,740 | +€6,740 | |
| Taxes, remuneration and social security | 45 | €9,818 | €13,178 | +€3,360 | +34.2% |
| Taxes | 450/3 | €9,818 | €13,178 | +€3,360 | +34.2% |
| Other amounts payable | 47/48 | €79,027 | €76,098 | -€2,929 | -3.7% |
| Accrued charges and deferred income | 492/3 | - | €4,962 | +€4,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,310 | €31,460 | +€150 | +0.5% |
| Other operating charges | 640/8 | €6,223 | €6,382 | +€158 | +2.5% |
| Gross operating margin | 9900 | €69,468 | €58,253 | -€11,215 | -16.1% |
| Operating profit (loss) | 9901 | €31,935 | €20,411 | -€11,523 | -36.1% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100% |
| Financial charges | 65/66B | €15,603 | €17,216 | +€1,614 | +10.3% |
| Recurring financial charges | 65 | €15,603 | €17,216 | +€1,614 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €16,412 | €3,195 | -€13,217 | -80.5% |
| Transfer from deferred taxes | 780 | €2,370 | €2,370 | = | 0.0% |
| Income taxes | 67/77 | €8,488 | €3,611 | -€4,878 | -57.5% |
| Profit (loss) for the period | 9904 | €10,294 | €1,954 | -€8,340 | -81.0% |
| Transfer from tax-exempt reserves | 789 | €4,604 | €4,604 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,898 | €6,558 | -€8,340 | -56.0% |
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 1 November 2026 via checked.be.