HADAM: 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.
HADAM
Largest movements
- Tangible fixed assets -€10,913
down €10,913 (-31.7%), from €34,468 to €23,555
of which Furniture and vehicles: -€10,557
- Cash +€783
up €783 (+36.4%), from €2,151 to €2,934
mainly Depreciation (+€10,913) and Advances received (+€3,709)
- Other debts -€6,506
down €6,506 (-12.4%), from €52,454 to €45,949
- Profit (loss) carried forward -€4,772
down €4,772 (-10.9%), from -€43,687 to -€48,459
- Advances received +€3,709
new in 2025: €3,709
- Tax, wage and social debts -€2,917
down €2,917 (-60.9%), from €4,788 to €1,871
- Trade debts +€766
up €766 (+485%), from €158 to €924
- Gross operating margin -€9,166
down €9,166 (-57.7%), from €15,886 to €6,719
- Taxes -€1,408
down €1,408 (-86.9%), from €1,621 to €213
- Other operating charges -€270
down €270 (-49.0%), from €551 to €281
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 | €37,665 | €27,946 | -€9,719 | -25.8% |
| Fixed assets | 21/28 | €34,468 | €23,555 | -€10,913 | -31.7% |
| Tangible fixed assets | 22/27 | €34,468 | €23,555 | -€10,913 | -31.7% |
| Plant, machinery and equipment | 23 | €1,004 | €648 | -€356 | -35.5% |
| Furniture and vehicles | 24 | €33,464 | €22,907 | -€10,557 | -31.5% |
| Current assets | 29/58 | €3,197 | €4,391 | +€1,194 | +37.4% |
| Amounts receivable within one year | 40/41 | €738 | €1,012 | +€274 | +37.1% |
| Trade receivables | 40 | - | €640 | +€640 | |
| Other amounts receivable | 41 | €738 | €372 | -€366 | -49.6% |
| Cash at bank and in hand | 54/58 | €2,151 | €2,934 | +€783 | +36.4% |
| Deferred charges and accrued income | 490/1 | €308 | €445 | +€137 | +44.7% |
| Total equity and liabilities | 10/49 | €37,665 | €27,946 | -€9,719 | -25.8% |
| Equity | 10/15 | -€19,735 | -€24,507 | -€4,772 | -24.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,360 | €5,360 | = | 0.0% |
| Distributable reserves | 133 | €5,360 | €5,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,687 | -€48,459 | -€4,772 | -10.9% |
| Amounts payable | 17/49 | €57,400 | €52,453 | -€4,947 | -8.6% |
| Amounts payable within one year | 42/48 | €57,400 | €52,453 | -€4,947 | -8.6% |
| Trade debts | 44 | €158 | €924 | +€766 | +485% |
| Suppliers | 440/4 | €158 | €924 | +€766 | +485% |
| Advances received on contracts in progress | 46 | - | €3,709 | +€3,709 | |
| Taxes, remuneration and social security | 45 | €4,788 | €1,871 | -€2,917 | -60.9% |
| Taxes | 450/3 | €4,788 | €1,871 | -€2,917 | -60.9% |
| Other amounts payable | 47/48 | €52,454 | €45,949 | -€6,506 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,913 | €10,913 | = | 0.0% |
| Other operating charges | 640/8 | €551 | €281 | -€270 | -49.0% |
| Gross operating margin | 9900 | €15,886 | €6,719 | -€9,166 | -57.7% |
| Operating profit (loss) | 9901 | €4,421 | -€4,475 | -€8,896 | |
| Financial charges | 65/66B | €84 | €84 | -€0 | -0.1% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €4,337 | -€4,559 | -€8,896 | |
| Income taxes | 67/77 | €1,621 | €213 | -€1,408 | -86.9% |
| Profit (loss) for the period | 9904 | €2,716 | -€4,772 | -€7,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,716 | -€4,772 | -€7,488 |
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 17 October 2026 via checked.be.