HADCO: what changed
Two fiscal 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.
HADCO
Largest movements
- Receivables within one year +€12,206
up €12,206 (+61.3%), from €19,926 to €32,132
- Receivables after one year -€10,824
down €10,824 (-28.8%), from €37,524 to €26,700
- Tangible fixed assets -€1,697
no longer reported in 2024 (was €1,697)
- Accrued charges and deferred income +€1,085
up €1,085 (+75.4%), from €1,439 to €2,525
- Profit (loss) carried forward -€792
down €792 (-1.8%), from €44,674 to €43,883
- Gross operating margin +€7,115
up €7,115, from -€5,256 to €1,859
- Financial income -€1,547
down €1,547 (-86.5%), from €1,788 to €241
- Financial charges +€286
new in 2024: €286
- Other operating charges -€174
down €174 (-18.0%), from €962 to €789
- Depreciation -€136
down €136 (-7.4%), from €1,833 to €1,697
From the 2023 result to the 2024 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,210 | €59,191 | -€18 | 0.0% |
| Fixed assets | 21/28 | €1,760 | €62 | -€1,697 | -96.5% |
| Tangible fixed assets | 22/27 | €1,697 | - | -€1,697 | |
| Furniture and vehicles | 24 | €1,697 | - | -€1,697 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €57,450 | €59,129 | +€1,679 | +2.9% |
| Amounts receivable after more than one year | 29 | €37,524 | €26,700 | -€10,824 | -28.8% |
| Trade receivables | 290 | €37,524 | €26,700 | -€10,824 | -28.8% |
| Amounts receivable within one year | 40/41 | €19,926 | €32,132 | +€12,206 | +61.3% |
| Other amounts receivable | 41 | €19,926 | €32,132 | +€12,206 | +61.3% |
| Deferred charges and accrued income | 490/1 | - | €297 | +€297 | |
| Total equity and liabilities | 10/49 | €59,210 | €59,191 | -€18 | 0.0% |
| Equity | 10/15 | €53,035 | €52,243 | -€792 | -1.5% |
| Contributions | 10/11 | €4,958 | €4,958 | = | 0.0% |
| Reserves | 13 | €3,403 | €3,403 | = | 0.0% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Reserves not available under the articles | 1311 | €496 | €496 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,907 | €2,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,674 | €43,883 | -€792 | -1.8% |
| Amounts payable | 17/49 | €6,174 | €6,948 | +€773 | +12.5% |
| Amounts payable within one year | 42/48 | €4,735 | €4,423 | -€312 | -6.6% |
| Financial debts | 43 | €3,447 | €3,447 | = | 0.0% |
| Credit institutions | 430/8 | €3,447 | €3,447 | = | 0.0% |
| Trade debts | 44 | €431 | - | -€431 | |
| Suppliers | 440/4 | €431 | - | -€431 | |
| Taxes, remuneration and social security | 45 | €857 | €977 | +€119 | +13.9% |
| Taxes | 450/3 | €857 | €977 | +€119 | +13.9% |
| Accrued charges and deferred income | 492/3 | €1,439 | €2,525 | +€1,085 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | €1,697 | -€136 | -7.4% |
| Other operating charges | 640/8 | €962 | €789 | -€174 | -18.0% |
| Gross operating margin | 9900 | -€5,256 | €1,859 | +€7,115 | |
| Operating profit (loss) | 9901 | -€8,052 | -€628 | +€7,424 | +92.2% |
| Financial income | 75/76B | €1,788 | €241 | -€1,547 | -86.5% |
| Recurring financial income | 75 | €1,788 | €241 | -€1,547 | -86.5% |
| Financial charges | 65/66B | - | €286 | +€286 | |
| Recurring financial charges | 65 | - | €286 | +€286 | |
| Profit (loss) for the period before taxes | 9903 | -€6,263 | -€673 | +€5,591 | +89.3% |
| Income taxes | 67/77 | €115 | €119 | +€5 | +3.9% |
| Profit (loss) for the period | 9904 | -€6,378 | -€792 | +€5,586 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,378 | -€792 | +€5,586 | +87.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.