IMMOBILIERE HENDRIX: what changed
What changed
IMMOBILIERE HENDRIX
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€80,812
2024 · €253,552-€172,740
Equity
€1.7m
2024 · €2.5m-€769,188
Cash
€389,745
2024 · €624,282-€234,536
Balance sheet total
€2.0m
2024 · €2.9m-€849,303
Largest movements
Assets
- Receivables within one year -€331,485
down €331,485 (-82.4%), from €402,214 to €70,729
of which Other amounts receivable: -€334,861
- Current investments -€255,600
down €255,600 (-21.3%), from €1.2m to €942,063
- Cash -€234,536
down €234,536 (-37.6%), from €624,282 to €389,745
mainly Contributions, distributions and other (-€850,000) and Other debts (-€106,032)
Equity and liabilities
- Reserves -€769,500
down €769,500 (-32.7%), from €2.4m to €1.6m
of which Distributable reserves: -€769,500
- Other debts -€106,032
down €106,032 (-65.2%), from €162,573 to €56,541
- Advances received -€81,178
down €81,178 (-76.7%), from €105,868 to €24,690
- Trade debts +€41,971
up €41,971 (+47.2%), from €88,880 to €130,851
- Provisions +€37,795
new in 2025: €37,795
Income statement
- Gross operating margin -€108,689
down €108,689 (-20.0%), from €544,115 to €435,427
- Financial income -€64,078
down €64,078 (-90.1%), from €71,154 to €7,076
- Taxes -€51,984
down €51,984 (-48.9%), from €106,324 to €54,340
- Provisions +€37,795
new in 2025: €37,795
- Financial charges +€16,548
up €16,548 (+45.5%), from €36,380 to €52,928
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€253,552
Gross operating margin
-€108,689
Staff costs
-€9,115
Depreciation
+€7,582
Provisions
-€37,795
Other operating charges
+€1,040
Other operating items
+€2,879
Financial income
-€64,078
Financial charges
-€16,548
Taxes
+€51,984
Result 2025
€80,812
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€393,224
Investment
+€222,239
Financing
-€850,000
Cash 2024
€624,282
From operations (derived)
+€393,224
Net result for the year
+€80,812
Depreciation
+€62,564
Receivables within one year
+€331,485
Deferred charges and accrued income
-€1,522
Provisions
+€37,795
Trade debts
+€41,971
Tax, wage and social debts
+€22,335
Advances received
-€81,178
Other debts
-€106,032
Accrued charges and deferred income
+€4,994
Investment (derived)
+€222,239
Investment in fixed assets (net)
-€33,361
Current investments
+€255,600
Financing
-€850,000
Contributions, distributions and other
-€850,000
Cash 2025
€389,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,883,730 | €2,034,427 | -€849,303 | -29.5% |
| Fixed assets | 21/28 | €653,558 | €624,355 | -€29,203 | -4.5% |
| Intangible fixed assets | 21 | €3,154 | - | -€3,154 | |
| Tangible fixed assets | 22/27 | €636,555 | €610,505 | -€26,049 | -4.1% |
| Land and buildings | 22 | €572,789 | €570,171 | -€2,618 | -0.5% |
| Plant, machinery and equipment | 23 | €2,401 | €1,068 | -€1,333 | -55.5% |
| Furniture and vehicles | 24 | €29,647 | €15,477 | -€14,170 | -47.8% |
| Other tangible fixed assets | 26 | €31,718 | €23,788 | -€7,929 | -25.0% |
| Financial fixed assets | 28 | €13,850 | €13,850 | = | 0.0% |
| Current assets | 29/58 | €2,230,172 | €1,410,072 | -€820,100 | -36.8% |
| Amounts receivable within one year | 40/41 | €402,214 | €70,729 | -€331,485 | -82.4% |
| Trade receivables | 40 | €51,933 | €55,309 | +€3,376 | +6.5% |
| Other amounts receivable | 41 | €350,281 | €15,420 | -€334,861 | -95.6% |
| Current investments | 50/53 | €1,197,663 | €942,063 | -€255,600 | -21.3% |
| Cash at bank and in hand | 54/58 | €624,282 | €389,745 | -€234,536 | -37.6% |
| Deferred charges and accrued income | 490/1 | €6,013 | €7,535 | +€1,522 | +25.3% |
| Total equity and liabilities | 10/49 | €2,883,730 | €2,034,427 | -€849,303 | -29.5% |
| Equity | 10/15 | €2,476,272 | €1,707,084 | -€769,188 | -31.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,356,200 | €1,586,700 | -€769,500 | -32.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,350,000 | €1,580,500 | -€769,500 | -32.7% |
| Profit (loss) carried forward | 14 | €58,072 | €58,384 | +€312 | +0.5% |
| Provisions and deferred taxes | 16 | - | €37,795 | +€37,795 | |
| Provisions for liabilities and charges | 160/5 | - | €37,795 | +€37,795 | |
| Other liabilities and charges | 164/5 | - | €37,795 | +€37,795 | |
| Amounts payable | 17/49 | €407,458 | €289,548 | -€117,910 | -28.9% |
| Amounts payable within one year | 42/48 | €407,458 | €284,554 | -€122,904 | -30.2% |
| Trade debts | 44 | €88,880 | €130,851 | +€41,971 | +47.2% |
| Suppliers | 440/4 | €88,880 | €130,851 | +€41,971 | +47.2% |
| Advances received on contracts in progress | 46 | €105,868 | €24,690 | -€81,178 | -76.7% |
| Taxes, remuneration and social security | 45 | €50,137 | €72,472 | +€22,335 | +44.5% |
| Taxes | 450/3 | €35,525 | €52,078 | +€16,554 | +46.6% |
| Remuneration and social security | 454/9 | €14,612 | €20,393 | +€5,781 | +39.6% |
| Other amounts payable | 47/48 | €162,573 | €56,541 | -€106,032 | -65.2% |
| Accrued charges and deferred income | 492/3 | - | €4,994 | +€4,994 | |
| Non-recurring operating income | 76A | - | €20,930 | +€20,930 | |
| Remuneration, social security and pensions | 62 | €135,036 | €144,150 | +€9,115 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,146 | €62,564 | -€7,582 | -10.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,795 | +€37,795 | |
| Other operating charges | 640/8 | €8,954 | €7,914 | -€1,040 | -11.6% |
| Non-recurring operating charges | 66A | €4,879 | €2,000 | -€2,879 | -59.0% |
| Gross operating margin | 9900 | €544,115 | €435,427 | -€108,689 | -20.0% |
| Operating profit (loss) | 9901 | €325,101 | €181,003 | -€144,097 | -44.3% |
| Financial income | 75/76B | €71,154 | €7,076 | -€64,078 | -90.1% |
| Recurring financial income | 75 | €71,154 | €7,076 | -€64,078 | -90.1% |
| Financial charges | 65/66B | €36,380 | €52,928 | +€16,548 | +45.5% |
| Recurring financial charges | 65 | €36,380 | €52,928 | +€16,548 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €359,875 | €135,152 | -€224,724 | -62.4% |
| Income taxes | 67/77 | €106,324 | €54,340 | -€51,984 | -48.9% |
| Profit (loss) for the period | 9904 | €253,552 | €80,812 | -€172,740 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €253,552 | €80,812 | -€172,740 | -68.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.