IMMO HENDRIX: 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 HENDRIX
Largest movements
- Tangible fixed assets +€358,614
up €358,614 (+35.1%), from €1.0m to €1.4m
- Receivables within one year -€131,265
down €131,265 (-56.5%), from €232,128 to €100,863
of which Other amounts receivable: -€134,315
- Debts after one year +€244,864
up €244,864 (+777.3%), from €31,500 to €276,364
of which Financial debts: +€259,864
- Reserves -€171,990
down €171,990 (-21.2%), from €813,178 to €641,188
of which Distributable reserves: -€171,990
- Current portion of long-term debt +€59,000
new in 2025: €59,000
- Trade debts +€57,390
up €57,390 (+393.4%), from €14,588 to €71,978
- Tax, wage and social debts +€37,740
up €37,740 (+514.1%), from €7,341 to €45,082
- Gross operating margin -€71,549
down €71,549 (-17.4%), from €410,625 to €339,076
- Taxes -€16,981
down €16,981 (-28.5%), from €59,651 to €42,670
- Depreciation -€4,761
down €4,761 (-3.9%), from €121,149 to €116,388
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 | €1,295,586 | €1,522,590 | +€227,004 | +17.5% |
| Fixed assets | 21/28 | €1,022,157 | €1,380,770 | +€358,614 | +35.1% |
| Tangible fixed assets | 22/27 | €1,022,157 | €1,380,770 | +€358,614 | +35.1% |
| Land and buildings | 22 | €1,022,157 | €1,380,770 | +€358,614 | +35.1% |
| Current assets | 29/58 | €273,429 | €141,820 | -€131,610 | -48.1% |
| Amounts receivable within one year | 40/41 | €232,128 | €100,863 | -€131,265 | -56.5% |
| Trade receivables | 40 | - | €3,050 | +€3,050 | |
| Other amounts receivable | 41 | €232,128 | €97,814 | -€134,315 | -57.9% |
| Cash at bank and in hand | 54/58 | €29,200 | €35,755 | +€6,555 | +22.4% |
| Deferred charges and accrued income | 490/1 | €12,101 | €5,202 | -€6,900 | -57.0% |
| Total equity and liabilities | 10/49 | €1,295,586 | €1,522,590 | +€227,004 | +17.5% |
| Equity | 10/15 | €942,157 | €770,167 | -€171,990 | -18.3% |
| Contributions | 10/11 | €128,979 | €128,979 | = | 0.0% |
| Capital | 10 | €128,979 | €128,979 | = | 0.0% |
| Issued capital | 100 | €128,979 | €128,979 | = | 0.0% |
| Reserves | 13 | €813,178 | €641,188 | -€171,990 | -21.2% |
| Non-distributable reserves | 130/1 | €13,819 | €13,819 | = | 0.0% |
| Legal reserve | 130 | €13,819 | €13,819 | = | 0.0% |
| Tax-exempt reserves | 132 | €105 | €105 | = | 0.0% |
| Distributable reserves | 133 | €799,255 | €627,264 | -€171,990 | -21.5% |
| Amounts payable | 17/49 | €353,429 | €752,423 | +€398,994 | +112.9% |
| Amounts payable after more than one year | 17 | €31,500 | €276,364 | +€244,864 | +777.3% |
| Financial debts | 170/4 | - | €259,864 | +€259,864 | |
| Other amounts payable | 178/9 | €31,500 | €16,500 | -€15,000 | -47.6% |
| Amounts payable within one year | 42/48 | €321,929 | €476,060 | +€154,131 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | - | €59,000 | +€59,000 | |
| Trade debts | 44 | €14,588 | €71,978 | +€57,390 | +393.4% |
| Suppliers | 440/4 | €14,588 | €71,978 | +€57,390 | +393.4% |
| Taxes, remuneration and social security | 45 | €7,341 | €45,082 | +€37,740 | +514.1% |
| Taxes | 450/3 | €7,341 | €45,082 | +€37,740 | +514.1% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,149 | €116,388 | -€4,761 | -3.9% |
| Other operating charges | 640/8 | €53,366 | €55,039 | +€1,673 | +3.1% |
| Gross operating margin | 9900 | €410,625 | €339,076 | -€71,549 | -17.4% |
| Operating profit (loss) | 9901 | €236,111 | €167,649 | -€68,462 | -29.0% |
| Financial income | 75/76B | €2,523 | €5,335 | +€2,812 | +111.4% |
| Recurring financial income | 75 | €2,523 | €5,335 | +€2,812 | +111.4% |
| Financial charges | 65/66B | €29 | €2,304 | +€2,275 | +7984.0% |
| Recurring financial charges | 65 | €29 | €2,304 | +€2,275 | +7984.0% |
| Profit (loss) for the period before taxes | 9903 | €238,605 | €170,680 | -€67,926 | -28.5% |
| Income taxes | 67/77 | €59,651 | €42,670 | -€16,981 | -28.5% |
| Profit (loss) for the period | 9904 | €178,954 | €128,010 | -€50,944 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €178,954 | €128,010 | -€50,944 | -28.5% |
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 1 October 2026 via checked.be.