PAUL HENDRICKX: what changed
What changed
PAUL HENDRICKX
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€91,130
2024 · €64,182+€26,948
Equity
€1.7m
2024 · €1.6m+€91,130
Cash
€229,052
2024 · €190,654+€38,398
Balance sheet total
€1.8m
2024 · €1.8m+€25,099
Largest movements
Assets
- Cash +€38,398
up €38,398 (+20.1%), from €190,654 to €229,052
mainly Net result for the year (+€91,130) and Depreciation (+€69,306)
- Tangible fixed assets -€19,396
down €19,396 (-5.0%), from €384,516 to €365,120
of which Furniture and vehicles: -€44,173
Equity and liabilities
- Reserves +€91,125
up €91,125 (+5.6%), from €1.6m to €1.7m
- Tax, wage and social debts -€31,605
down €31,605 (-93.2%), from €33,908 to €2,303
of which Taxes: -€26,553
- Debts after one year -€24,494
no longer reported in 2025 (was €24,494)
Income statement
- Taxes -€77,643
down €77,643 (-61.5%), from €126,322 to €48,679
- Gross operating margin -€58,657
down €58,657 (-18.6%), from €314,679 to €256,022
- Financial charges -€5,170
down €5,170 (-87.9%), from €5,879 to €709
- Financial income +€4,246
up €4,246 (+425%), from €998 to €5,244
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
€64,182
Gross operating margin
-€58,657
Staff costs
+€1,638
Depreciation
-€3,035
Other operating charges
-€57
Financial income
+€4,246
Financial charges
+€5,170
Taxes
+€77,643
Result 2025
€91,130
raises the resultlowers the result
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
+€138,466
Investment
-€54,264
Financing
-€45,804
Cash 2024
€190,654
From operations (derived)
+€138,466
Net result for the year
+€91,130
Depreciation
+€69,306
Receivables within one year
-€1,711
Deferred charges and accrued income
-€32
Trade debts
+€12,956
Tax, wage and social debts
-€31,605
Other debts
-€1,578
Investment (derived)
-€54,264
Investment in fixed assets (net)
-€49,910
Current investments
-€4,354
Financing
-€45,804
Debts after one year
-€24,494
Current portion of long-term debt
-€16,167
Short-term financial debts
-€5,143
Cash 2025
€229,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,779,979 | €1,805,078 | +€25,099 | +1.4% |
| Fixed assets | 21/28 | €384,516 | €365,120 | -€19,396 | -5.0% |
| Tangible fixed assets | 22/27 | €384,516 | €365,120 | -€19,396 | -5.0% |
| Land and buildings | 22 | €211,652 | €207,025 | -€4,627 | -2.2% |
| Plant, machinery and equipment | 23 | €17,715 | €47,119 | +€29,404 | +166% |
| Furniture and vehicles | 24 | €155,149 | €110,976 | -€44,173 | -28.5% |
| Current assets | 29/58 | €1,395,463 | €1,439,958 | +€44,495 | +3.2% |
| Amounts receivable within one year | 40/41 | €58,539 | €60,250 | +€1,711 | +2.9% |
| Trade receivables | 40 | €20,737 | €7,643 | -€13,094 | -63.1% |
| Other amounts receivable | 41 | €37,802 | €52,607 | +€14,805 | +39.2% |
| Current investments | 50/53 | €1,145,518 | €1,149,872 | +€4,354 | +0.4% |
| Cash at bank and in hand | 54/58 | €190,654 | €229,052 | +€38,398 | +20.1% |
| Deferred charges and accrued income | 490/1 | €752 | €784 | +€32 | +4.3% |
| Total equity and liabilities | 10/49 | €1,779,979 | €1,805,078 | +€25,099 | +1.4% |
| Equity | 10/15 | €1,632,265 | €1,723,395 | +€91,130 | +5.6% |
| Contributions | 10/11 | €7,772 | €7,772 | = | 0.0% |
| Reserves | 13 | €1,623,850 | €1,714,975 | +€91,125 | +5.6% |
| Distributable reserves | 133 | €1,623,850 | €1,714,975 | +€91,125 | +5.6% |
| Profit (loss) carried forward | 14 | €643 | €648 | +€5 | +0.8% |
| Amounts payable | 17/49 | €147,714 | €81,683 | -€66,031 | -44.7% |
| Amounts payable after more than one year | 17 | €24,494 | - | -€24,494 | |
| Financial debts | 170/4 | €24,494 | - | -€24,494 | |
| Amounts payable within one year | 42/48 | €123,220 | €81,683 | -€41,537 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €40,661 | €24,494 | -€16,167 | -39.8% |
| Financial debts | 43 | €25,378 | €20,235 | -€5,143 | -20.3% |
| Credit institutions | 430/8 | €16 | - | -€16 | |
| Other loans | 439 | €25,362 | €20,235 | -€5,127 | -20.2% |
| Trade debts | 44 | €21,695 | €34,651 | +€12,956 | +59.7% |
| Suppliers | 440/4 | €21,695 | €34,651 | +€12,956 | +59.7% |
| Taxes, remuneration and social security | 45 | €33,908 | €2,303 | -€31,605 | -93.2% |
| Taxes | 450/3 | €26,767 | €214 | -€26,553 | -99.2% |
| Remuneration and social security | 454/9 | €7,141 | €2,089 | -€5,052 | -70.7% |
| Other amounts payable | 47/48 | €1,578 | - | -€1,578 | |
| Remuneration, social security and pensions | 62 | €49,774 | €48,136 | -€1,638 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,271 | €69,306 | +€3,035 | +4.6% |
| Other operating charges | 640/8 | €3,249 | €3,306 | +€57 | +1.8% |
| Gross operating margin | 9900 | €314,679 | €256,022 | -€58,657 | -18.6% |
| Operating profit (loss) | 9901 | €195,385 | €135,274 | -€60,111 | -30.8% |
| Financial income | 75/76B | €998 | €5,244 | +€4,246 | +425% |
| Recurring financial income | 75 | €998 | €5,244 | +€4,246 | +425% |
| Financial charges | 65/66B | €5,879 | €709 | -€5,170 | -87.9% |
| Recurring financial charges | 65 | €5,879 | €709 | -€5,170 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €190,504 | €139,809 | -€50,695 | -26.6% |
| Income taxes | 67/77 | €126,322 | €48,679 | -€77,643 | -61.5% |
| Profit (loss) for the period | 9904 | €64,182 | €91,130 | +€26,948 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,182 | €91,130 | +€26,948 | +42.0% |
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 2 November 2026 via checked.be.