HADANA: 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.
HADANA
Largest movements
- Tangible fixed assets +€86,847
up €86,847 (+3,693%), from €2,352 to €89,199
of which Furniture and vehicles: +€86,969
- Cash -€42,251
down €42,251 (-69.9%), from €60,414 to €18,163
mainly Investment in fixed assets (net) (-€98,844) and Contributions, distributions and other (-€93,363)
- Receivables within one year +€12,503
up €12,503 (+56,833%), from €22 to €12,525
- Other debts +€93,327
up €93,327 (+900%), from €10,365 to €103,692
- Profit (loss) carried forward -€39,608
no longer reported in 2025 (was €39,608)
- Tax, wage and social debts +€5,664
up €5,664 (+86.9%), from €6,517 to €12,181
- Trade debts -€2,283
down €2,283 (-99.3%), from €2,298 to €15
- Gross operating margin +€26,693
up €26,693 (+51.8%), from €51,484 to €78,177
- Depreciation +€10,586
up €10,586 (+750%), from €1,411 to €11,997
- Taxes +€1,787
up €1,787 (+17.1%), from €10,464 to €12,251
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 | €62,788 | €119,888 | +€57,100 | +90.9% |
| Fixed assets | 21/28 | €2,352 | €89,199 | +€86,847 | +3,693% |
| Tangible fixed assets | 22/27 | €2,352 | €89,199 | +€86,847 | +3,693% |
| Plant, machinery and equipment | 23 | €2,352 | €2,230 | -€121 | -5.2% |
| Furniture and vehicles | 24 | - | €86,969 | +€86,969 | |
| Current assets | 29/58 | €60,436 | €30,689 | -€29,747 | -49.2% |
| Amounts receivable within one year | 40/41 | €22 | €12,525 | +€12,503 | +56,833% |
| Trade receivables | 40 | €22 | €12,525 | +€12,503 | +56,833% |
| Cash at bank and in hand | 54/58 | €60,414 | €18,163 | -€42,251 | -69.9% |
| Total equity and liabilities | 10/49 | €62,788 | €119,888 | +€57,100 | +90.9% |
| Equity | 10/15 | €43,608 | €4,000 | -€39,608 | -90.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,608 | - | -€39,608 | |
| Amounts payable | 17/49 | €19,179 | €115,888 | +€96,708 | +504% |
| Amounts payable within one year | 42/48 | €19,179 | €115,888 | +€96,708 | +504% |
| Trade debts | 44 | €2,298 | €15 | -€2,283 | -99.3% |
| Suppliers | 440/4 | €2,298 | €15 | -€2,283 | -99.3% |
| Taxes, remuneration and social security | 45 | €6,517 | €12,181 | +€5,664 | +86.9% |
| Taxes | 450/3 | €6,517 | €12,181 | +€5,664 | +86.9% |
| Other amounts payable | 47/48 | €10,365 | €103,692 | +€93,327 | +900% |
| Non-recurring operating income | 76A | - | €18,113 | +€18,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,411 | €11,997 | +€10,586 | +750% |
| Non-recurring operating charges | 66A | - | €174 | +€174 | |
| Gross operating margin | 9900 | €51,484 | €78,177 | +€26,693 | +51.8% |
| Operating profit (loss) | 9901 | €50,073 | €66,006 | +€15,933 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €50,073 | €66,006 | +€15,933 | +31.8% |
| Income taxes | 67/77 | €10,464 | €12,251 | +€1,787 | +17.1% |
| Profit (loss) for the period | 9904 | €39,608 | €53,755 | +€14,146 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,608 | €53,755 | +€14,146 | +35.7% |
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 15 October 2026 via checked.be.