HENDROUMATIC: 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.
HENDROUMATIC
Largest movements
- Cash -€39,649
down €39,649 (-90.8%), from €43,663 to €4,014
mainly Net result for the year (-€48,293) and Investment in fixed assets (net) (-€6,000)
- Tangible fixed assets -€9,300
down €9,300 (-39.9%), from €23,322 to €14,022
of which Plant, machinery and equipment: -€8,954
- Financial fixed assets +€6,000
up €6,000 (+12.1%), from €49,500 to €55,500
- Receivables within one year +€1,605
up €1,605 (+82.5%), from €1,946 to €3,551
of which Other amounts receivable: +€1,890
- Profit (loss) carried forward -€48,293
down €48,293 (-74.8%), from €64,587 to €16,294
- Other debts +€5,227
up €5,227 (+30.4%), from €17,196 to €22,423
- Gross operating margin -€27,712
down €27,712 (-242.8%), from -€11,414 to -€39,126
- Financial income -€468
down €468 (-84.8%), from €552 to €84
- Financial charges -€422
down €422 (-82.3%), from €513 to €91
- Other operating charges -€418
down €418 (-94.4%), from €443 to €25
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 | €145,782 | €103,401 | -€42,381 | -29.1% |
| Fixed assets | 21/28 | €72,822 | €69,522 | -€3,300 | -4.5% |
| Tangible fixed assets | 22/27 | €23,322 | €14,022 | -€9,300 | -39.9% |
| Plant, machinery and equipment | 23 | €22,227 | €13,273 | -€8,954 | -40.3% |
| Furniture and vehicles | 24 | €1,095 | €749 | -€346 | -31.6% |
| Financial fixed assets | 28 | €49,500 | €55,500 | +€6,000 | +12.1% |
| Current assets | 29/58 | €72,960 | €33,879 | -€39,081 | -53.6% |
| Stocks and contracts in progress | 3 | €1,811 | €1,490 | -€321 | -17.7% |
| Stocks | 30/36 | €1,811 | €1,490 | -€321 | -17.7% |
| Amounts receivable within one year | 40/41 | €1,946 | €3,551 | +€1,605 | +82.5% |
| Trade receivables | 40 | €461 | €176 | -€285 | -61.8% |
| Other amounts receivable | 41 | €1,485 | €3,375 | +€1,890 | +127.3% |
| Cash at bank and in hand | 54/58 | €43,663 | €4,014 | -€39,649 | -90.8% |
| Deferred charges and accrued income | 490/1 | €25,540 | €24,824 | -€716 | -2.8% |
| Total equity and liabilities | 10/49 | €145,782 | €103,401 | -€42,381 | -29.1% |
| Equity | 10/15 | €90,715 | €42,422 | -€48,293 | -53.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,528 | €7,528 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,668 | €5,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,587 | €16,294 | -€48,293 | -74.8% |
| Amounts payable | 17/49 | €55,067 | €60,979 | +€5,912 | +10.7% |
| Amounts payable within one year | 42/48 | €55,067 | €60,979 | +€5,912 | +10.7% |
| Trade debts | 44 | €37,871 | €37,690 | -€181 | -0.5% |
| Suppliers | 440/4 | €37,871 | €37,690 | -€181 | -0.5% |
| Taxes, remuneration and social security | 45 | - | €866 | +€866 | |
| Taxes | 450/3 | - | €866 | +€866 | |
| Other amounts payable | 47/48 | €17,196 | €22,423 | +€5,227 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,290 | €9,300 | +€10 | +0.1% |
| Other operating charges | 640/8 | €443 | €25 | -€418 | -94.4% |
| Gross operating margin | 9900 | -€11,414 | -€39,126 | -€27,712 | -242.8% |
| Operating profit (loss) | 9901 | -€21,147 | -€48,451 | -€27,304 | -129.1% |
| Financial income | 75/76B | €552 | €84 | -€468 | -84.8% |
| Recurring financial income | 75 | €552 | €84 | -€468 | -84.8% |
| Financial charges | 65/66B | €513 | €91 | -€422 | -82.3% |
| Recurring financial charges | 65 | €513 | €91 | -€422 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,108 | -€48,458 | -€27,350 | -129.6% |
| Income taxes | 67/77 | €169 | -€165 | -€334 | |
| Profit (loss) for the period | 9904 | -€21,277 | -€48,293 | -€27,016 | -127.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,277 | -€48,293 | -€27,016 | -127.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.