IMMO HENDRICKX: 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.
IMMO HENDRICKX
Largest movements
- Tangible fixed assets -€66,797
down €66,797 (-3.0%), from €2.2m to €2.1m
- Cash -€32,339
down €32,339 (-43.7%), from €73,924 to €41,584
mainly Debts after one year (-€161,727) and Current portion of long-term debt (-€26,459)
- Debts after one year -€161,727
down €161,727 (-8.8%), from €1.8m to €1.7m
of which Financial debts: -€161,727
- Profit (loss) carried forward +€114,184
up €114,184 (+14.8%), from €772,151 to €886,334
- Gross operating margin +€18,304
up €18,304 (+6.1%), from €299,413 to €317,717
- Depreciation -€15,887
down €15,887 (-19.2%), from €82,682 to €66,795
- Financial charges -€11,900
down €11,900 (-15.6%), from €76,489 to €64,588
- Taxes +€10,171
up €10,171 (+34.9%), from €29,162 to €39,333
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 | €2,971,732 | €2,873,781 | -€97,951 | -3.3% |
| Fixed assets | 21/28 | €2,209,703 | €2,142,906 | -€66,797 | -3.0% |
| Tangible fixed assets | 22/27 | €2,209,703 | €2,142,906 | -€66,797 | -3.0% |
| Land and buildings | 22 | €2,209,703 | €2,142,906 | -€66,797 | -3.0% |
| Current assets | 29/58 | €762,029 | €730,875 | -€31,154 | -4.1% |
| Stocks and contracts in progress | 3 | €588,824 | €588,824 | = | 0.0% |
| Stocks | 30/36 | €588,824 | €588,824 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,115 | €10,300 | +€185 | +1.8% |
| Other amounts receivable | 41 | €10,115 | €10,300 | +€185 | +1.8% |
| Cash at bank and in hand | 54/58 | €73,924 | €41,584 | -€32,339 | -43.7% |
| Deferred charges and accrued income | 490/1 | €89,167 | €90,167 | +€1,000 | +1.1% |
| Total equity and liabilities | 10/49 | €2,971,732 | €2,873,781 | -€97,951 | -3.3% |
| Equity | 10/15 | €881,224 | €995,407 | +€114,184 | +13.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €772,151 | €886,334 | +€114,184 | +14.8% |
| Amounts payable | 17/49 | €2,090,508 | €1,878,373 | -€212,135 | -10.1% |
| Amounts payable after more than one year | 17 | €1,831,886 | €1,670,159 | -€161,727 | -8.8% |
| Financial debts | 170/4 | €1,831,005 | €1,669,278 | -€161,727 | -8.8% |
| Other amounts payable | 178/9 | €881 | €881 | = | 0.0% |
| Amounts payable within one year | 42/48 | €250,622 | €199,464 | -€51,158 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €194,946 | €168,487 | -€26,459 | -13.6% |
| Trade debts | 44 | €23,591 | €1,720 | -€21,870 | -92.7% |
| Suppliers | 440/4 | €23,591 | €1,720 | -€21,870 | -92.7% |
| Taxes, remuneration and social security | 45 | €29,162 | €14,333 | -€14,829 | -50.8% |
| Taxes | 450/3 | €29,162 | €14,333 | -€14,829 | -50.8% |
| Other amounts payable | 47/48 | €2,923 | €14,923 | +€12,000 | +410.5% |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,750 | +€750 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,682 | €66,795 | -€15,887 | -19.2% |
| Other operating charges | 640/8 | €30,970 | €32,816 | +€1,846 | +6.0% |
| Gross operating margin | 9900 | €299,413 | €317,717 | +€18,304 | +6.1% |
| Operating profit (loss) | 9901 | €185,761 | €218,106 | +€32,344 | +17.4% |
| Financial charges | 65/66B | €76,489 | €64,588 | -€11,900 | -15.6% |
| Recurring financial charges | 65 | €76,489 | €64,588 | -€11,900 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €109,272 | €153,517 | +€44,245 | +40.5% |
| Income taxes | 67/77 | €29,162 | €39,333 | +€10,171 | +34.9% |
| Profit (loss) for the period | 9904 | €80,110 | €114,184 | +€34,073 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,110 | €114,184 | +€34,073 | +42.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.