ROPERS-HENDRICKX: what changed
Two financial 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.
ROPERS-HENDRICKX
Largest movements
- Cash -€68,024
no longer reported in 2025 (was €68,024)
mainly Receivables within one year (-€54,253) and Investment in fixed assets (net) (-€34,835)
- Receivables within one year +€54,253
up €54,253 (+1,082%), from €5,013 to €59,266
of which Other amounts receivable: +€55,313
- Tangible fixed assets -€4,343
down €4,343 (-2.1%), from €206,748 to €202,405
of which Plant, machinery and equipment: -€2,968
- Debts after one year -€33,415
down €33,415 (-32.4%), from €103,210 to €69,795
- Advances received +€11,754
new in 2025: €11,754
- Trade debts -€7,839
no longer reported in 2025 (was €7,839)
- Profit (loss) carried forward +€6,418
up €6,418 (+16.3%), from €39,302 to €45,720
- Current portion of long-term debt +€5,194
up €5,194 (+18.2%), from €28,521 to €33,715
- Depreciation +€12,184
up €12,184 (+45.1%), from €26,994 to €39,178
- Gross operating margin -€11,344
down €11,344 (-16.5%), from €68,680 to €57,336
- Financial charges -€2,901
down €2,901 (-32.6%), from €8,897 to €5,996
- Taxes +€2,833
up €2,833 (+784%), from €361 to €3,194
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.
Derived cash bridge
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 | €282,432 | €262,093 | -€20,339 | -7.2% |
| Fixed assets | 21/28 | €206,748 | €202,405 | -€4,343 | -2.1% |
| Tangible fixed assets | 22/27 | €206,748 | €202,405 | -€4,343 | -2.1% |
| Land and buildings | 22 | - | €1,496 | +€1,496 | |
| Plant, machinery and equipment | 23 | €148,009 | €145,041 | -€2,968 | -2.0% |
| Furniture and vehicles | 24 | €58,739 | €55,867 | -€2,872 | -4.9% |
| Current assets | 29/58 | €75,684 | €59,688 | -€15,996 | -21.1% |
| Amounts receivable within one year | 40/41 | €5,013 | €59,266 | +€54,253 | +1,082% |
| Trade receivables | 40 | €4,993 | €3,933 | -€1,061 | -21.2% |
| Other amounts receivable | 41 | €20 | €55,333 | +€55,313 | +278,657% |
| Cash at bank and in hand | 54/58 | €68,024 | - | -€68,024 | |
| Deferred charges and accrued income | 490/1 | €2,647 | €423 | -€2,224 | -84.0% |
| Total equity and liabilities | 10/49 | €282,432 | €262,093 | -€20,339 | -7.2% |
| Equity | 10/15 | €68,157 | €74,575 | +€6,418 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,255 | €10,255 | = | 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 | €8,395 | €8,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,302 | €45,720 | +€6,418 | +16.3% |
| Amounts payable | 17/49 | €214,275 | €187,518 | -€26,757 | -12.5% |
| Amounts payable after more than one year | 17 | €103,210 | €69,795 | -€33,415 | -32.4% |
| Financial debts | 170/4 | €103,210 | €69,795 | -€33,415 | -32.4% |
| Amounts payable within one year | 42/48 | €111,065 | €117,724 | +€6,658 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €28,521 | €33,715 | +€5,194 | +18.2% |
| Financial debts | 43 | - | €141 | +€141 | |
| Credit institutions | 430/8 | - | €141 | +€141 | |
| Trade debts | 44 | €7,839 | - | -€7,839 | |
| Suppliers | 440/4 | €7,839 | - | -€7,839 | |
| Advances received on contracts in progress | 46 | - | €11,754 | +€11,754 | |
| Taxes, remuneration and social security | 45 | €15,381 | €10,929 | -€4,453 | -28.9% |
| Taxes | 450/3 | €5,151 | €4,280 | -€870 | -16.9% |
| Remuneration and social security | 454/9 | €10,231 | €6,648 | -€3,582 | -35.0% |
| Other amounts payable | 47/48 | €59,324 | €61,185 | +€1,860 | +3.1% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,994 | €39,178 | +€12,184 | +45.1% |
| Other operating charges | 640/8 | €2,596 | €2,137 | -€460 | -17.7% |
| Non-recurring operating charges | 66A | -€2,480 | €434 | +€2,914 | |
| Gross operating margin | 9900 | €68,680 | €57,336 | -€11,344 | -16.5% |
| Operating profit (loss) | 9901 | €41,569 | €15,586 | -€25,983 | -62.5% |
| Financial income | 75/76B | €10 | €21 | +€11 | +104% |
| Recurring financial income | 75 | €10 | €21 | +€11 | +104% |
| Financial charges | 65/66B | €8,897 | €5,996 | -€2,901 | -32.6% |
| Recurring financial charges | 65 | €8,897 | €5,996 | -€2,901 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €32,683 | €9,612 | -€23,071 | -70.6% |
| Income taxes | 67/77 | €361 | €3,194 | +€2,833 | +784% |
| Profit (loss) for the period | 9904 | €32,322 | €6,418 | -€25,904 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,322 | €6,418 | -€25,904 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.