THOM HENDRICKX: what changed
What changed
THOM HENDRICKX
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€15,586
2024 · €49,045-€33,459
Equity
€204,351
2024 · €188,765+€15,586
Cash
€98,128
2024 · €95,985+€2,142
Balance sheet total
€398,317
2024 · €347,903+€50,413
Largest movements
Assets
- Tangible fixed assets +€55,257
up €55,257 (+39.4%), from €140,380 to €195,636
of which Furniture and vehicles: +€61,850
- Receivables within one year -€6,056
down €6,056 (-15.5%), from €39,006 to €32,950
of which Trade receivables: -€6,125
Equity and liabilities
- Reserves +€23,918
up €23,918 (+16.7%), from €142,847 to €166,765
of which Distributable reserves: +€23,918
- Current portion of long-term debt +€14,379
up €14,379 (+37.3%), from €38,594 to €52,974
- Debts after one year +€13,684
up €13,684 (+12.9%), from €105,981 to €119,664
- Profit (loss) carried forward -€8,332
down €8,332 (-34.8%), from €23,918 to €15,586
Income statement
- Depreciation +€15,278
up €15,278 (+48.9%), from €31,215 to €46,494
- Gross operating margin -€14,125
down €14,125 (-15.6%), from €90,266 to €76,141
- Financial income -€3,585
down €3,585 (-67.2%), from €5,334 to €1,748
- Taxes -€1,323
down €1,323 (-25.9%), from €5,111 to €3,788
- Financial charges +€1,003
up €1,003 (+27.1%), from €3,694 to €4,697
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
€49,045
Gross operating margin
-€14,125
Depreciation
-€15,278
Write-downs
-€689
Other operating charges
-€101
Financial income
-€3,585
Financial charges
-€1,003
Taxes
+€1,323
Result 2025
€15,586
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
+€75,829
Investment
-€101,750
Financing
+€28,063
Cash 2024
€95,985
From operations (derived)
+€75,829
Net result for the year
+€15,586
Depreciation
+€46,494
Stocks and contracts
+€1,600
Receivables within one year
+€6,056
Deferred charges and accrued income
-€670
Trade debts
+€3,507
Tax, wage and social debts
+€3,301
Other debts
-€44
Investment (derived)
-€101,750
Investment in fixed assets (net)
-€101,750
Financing
+€28,063
Debts after one year
+€13,684
Current portion of long-term debt
+€14,379
Cash 2025
€98,128
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,903 | €398,317 | +€50,413 | +14.5% |
| Fixed assets | 21/28 | €142,915 | €198,171 | +€55,257 | +38.7% |
| Tangible fixed assets | 22/27 | €140,380 | €195,636 | +€55,257 | +39.4% |
| Plant, machinery and equipment | 23 | €17,434 | €11,310 | -€6,124 | -35.1% |
| Furniture and vehicles | 24 | €122,477 | €184,327 | +€61,850 | +50.5% |
| Other tangible fixed assets | 26 | €470 | - | -€470 | |
| Financial fixed assets | 28 | €2,535 | €2,535 | = | 0.0% |
| Current assets | 29/58 | €204,989 | €200,145 | -€4,843 | -2.4% |
| Stocks and contracts in progress | 3 | €11,200 | €9,600 | -€1,600 | -14.3% |
| Stocks | 30/36 | €11,200 | €9,600 | -€1,600 | -14.3% |
| Amounts receivable within one year | 40/41 | €39,006 | €32,950 | -€6,056 | -15.5% |
| Trade receivables | 40 | €35,732 | €29,606 | -€6,125 | -17.1% |
| Other amounts receivable | 41 | €3,275 | €3,344 | +€69 | +2.1% |
| Current investments | 50/53 | €49,925 | €49,925 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,985 | €98,128 | +€2,142 | +2.2% |
| Deferred charges and accrued income | 490/1 | €8,872 | €9,542 | +€670 | +7.6% |
| Total equity and liabilities | 10/49 | €347,903 | €398,317 | +€50,413 | +14.5% |
| Equity | 10/15 | €188,765 | €204,351 | +€15,586 | +8.3% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €142,847 | €166,765 | +€23,918 | +16.7% |
| Tax-exempt reserves | 132 | €9,200 | €9,200 | = | 0.0% |
| Distributable reserves | 133 | €133,647 | €157,565 | +€23,918 | +17.9% |
| Profit (loss) carried forward | 14 | €23,918 | €15,586 | -€8,332 | -34.8% |
| Amounts payable | 17/49 | €159,138 | €193,966 | +€34,827 | +21.9% |
| Amounts payable after more than one year | 17 | €105,981 | €119,664 | +€13,684 | +12.9% |
| Financial debts | 170/4 | €105,981 | €119,664 | +€13,684 | +12.9% |
| Amounts payable within one year | 42/48 | €53,158 | €74,301 | +€21,143 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €38,594 | €52,974 | +€14,379 | +37.3% |
| Trade debts | 44 | €9,406 | €12,913 | +€3,507 | +37.3% |
| Suppliers | 440/4 | €9,406 | €12,913 | +€3,507 | +37.3% |
| Taxes, remuneration and social security | 45 | €5,084 | €8,385 | +€3,301 | +64.9% |
| Taxes | 450/3 | €5,084 | €8,385 | +€3,301 | +64.9% |
| Other amounts payable | 47/48 | €73 | €30 | -€44 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,215 | €46,494 | +€15,278 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€689 | - | +€689 | |
| Other operating charges | 640/8 | €7,224 | €7,324 | +€101 | +1.4% |
| Gross operating margin | 9900 | €90,266 | €76,141 | -€14,125 | -15.6% |
| Operating profit (loss) | 9901 | €52,516 | €22,323 | -€30,193 | -57.5% |
| Financial income | 75/76B | €5,334 | €1,748 | -€3,585 | -67.2% |
| Recurring financial income | 75 | €5,334 | €1,748 | -€3,585 | -67.2% |
| Financial charges | 65/66B | €3,694 | €4,697 | +€1,003 | +27.1% |
| Recurring financial charges | 65 | €3,694 | €4,697 | +€1,003 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €54,155 | €19,374 | -€34,781 | -64.2% |
| Income taxes | 67/77 | €5,111 | €3,788 | -€1,323 | -25.9% |
| Profit (loss) for the period | 9904 | €49,045 | €15,586 | -€33,459 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,045 | €15,586 | -€33,459 | -68.2% |
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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 1 November 2026 via checked.be.