Haddock & Zonen: 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.
Haddock & Zonen
Largest movements
- Cash +€19,740
up €19,740 (+155%), from €12,751 to €32,492
mainly Net result for the year (+€23,959) and Other debts (+€13,086)
- Receivables within one year -€3,512
down €3,512 (-16.9%), from €20,770 to €17,259
of which Other amounts receivable: -€4,413
- Tangible fixed assets +€1,397
up €1,397 (+33.1%), from €4,222 to €5,618
of which Furniture and vehicles: +€2,455
- Deferred charges and accrued income -€1,128
down €1,128 (-44.2%), from €2,551 to €1,424
- Other debts +€13,086
up €13,086 (+110%), from €11,917 to €25,003
- Tax, wage and social debts +€3,188
up €3,188 (+48.1%), from €6,625 to €9,813
- Gross operating margin +€27,481
up €27,481 (+499%), from €5,509 to €32,990
- Taxes +€5,686
up €5,686 (+445%), from €1,277 to €6,963
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 | €40,295 | €56,792 | +€16,497 | +40.9% |
| Fixed assets | 21/28 | €4,222 | €5,618 | +€1,397 | +33.1% |
| Tangible fixed assets | 22/27 | €4,222 | €5,618 | +€1,397 | +33.1% |
| Furniture and vehicles | 24 | €326 | €2,781 | +€2,455 | +754% |
| Other tangible fixed assets | 26 | €3,896 | €2,837 | -€1,059 | -27.2% |
| Current assets | 29/58 | €36,073 | €51,174 | +€15,101 | +41.9% |
| Amounts receivable within one year | 40/41 | €20,770 | €17,259 | -€3,512 | -16.9% |
| Trade receivables | 40 | €15,634 | €16,536 | +€901 | +5.8% |
| Other amounts receivable | 41 | €5,136 | €723 | -€4,413 | -85.9% |
| Cash at bank and in hand | 54/58 | €12,751 | €32,492 | +€19,740 | +155% |
| Deferred charges and accrued income | 490/1 | €2,551 | €1,424 | -€1,128 | -44.2% |
| Total equity and liabilities | 10/49 | €40,295 | €56,792 | +€16,497 | +40.9% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,745 | €38,242 | +€16,497 | +75.9% |
| Amounts payable within one year | 42/48 | €21,745 | €38,242 | +€16,497 | +75.9% |
| Trade debts | 44 | €3,204 | €3,426 | +€223 | +7.0% |
| Suppliers | 440/4 | €3,204 | €3,426 | +€223 | +7.0% |
| Taxes, remuneration and social security | 45 | €6,625 | €9,813 | +€3,188 | +48.1% |
| Taxes | 450/3 | €6,625 | €9,813 | +€3,188 | +48.1% |
| Other amounts payable | 47/48 | €11,917 | €25,003 | +€13,086 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,612 | €1,519 | -€93 | -5.8% |
| Other operating charges | 640/8 | €416 | €375 | -€42 | -10.0% |
| Gross operating margin | 9900 | €5,509 | €32,990 | +€27,481 | +499% |
| Operating profit (loss) | 9901 | €3,481 | €31,097 | +€27,616 | +793% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €458 | €174 | -€284 | -62.0% |
| Recurring financial charges | 65 | €458 | €174 | -€284 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €3,023 | €30,923 | +€27,900 | +923% |
| Income taxes | 67/77 | €1,277 | €6,963 | +€5,686 | +445% |
| Profit (loss) for the period | 9904 | €1,746 | €23,959 | +€22,214 | +1,272% |
| Profit (loss) for the period to be appropriated | 9905 | €1,746 | €23,959 | +€22,214 | +1,272% |
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.