HADDOK: 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.
HADDOK
Largest movements
- Cash +€20,597
up €20,597 (+46.6%), from €44,154 to €64,751
mainly Depreciation (+€30,769) and Net result for the year (+€24,523)
- Tangible fixed assets +€7,278
up €7,278 (+5.5%), from €132,606 to €139,884
of which Furniture and vehicles: +€8,264
- Receivables within one year -€5,689
down €5,689 (-54.3%), from €10,475 to €4,786
of which Trade receivables: -€5,908
- Profit (loss) carried forward +€24,523
up €24,523 (+57.1%), from -€42,912 to -€18,389
- Trade debts -€18,312
down €18,312 (-56.8%), from €32,248 to €13,936
- Other debts +€13,240
up €13,240 (+96.9%), from €13,666 to €26,906
- Tax, wage and social debts +€11,691
up €11,691 (+58.9%), from €19,848 to €31,539
of which Remuneration and social security: +€10,484
- Debts after one year -€11,677
down €11,677 (-13.3%), from €87,969 to €76,293
- Gross operating margin +€43,696
up €43,696 (+30.3%), from €144,149 to €187,845
- Staff costs -€16,940
down €16,940 (-11.7%), from €144,950 to €128,010
- Depreciation -€3,659
down €3,659 (-10.6%), from €34,428 to €30,769
- Financial charges -€2,163
down €2,163 (-38.9%), from €5,560 to €3,396
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.
Cash bridge derived
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 | €196,511 | €216,440 | +€19,929 | +10.1% |
| Fixed assets | 21/28 | €135,047 | €141,720 | +€6,673 | +4.9% |
| Intangible fixed assets | 21 | €2,441 | €1,835 | -€605 | -24.8% |
| Tangible fixed assets | 22/27 | €132,606 | €139,884 | +€7,278 | +5.5% |
| Land and buildings | 22 | €20,749 | €21,498 | +€749 | +3.6% |
| Plant, machinery and equipment | 23 | €47,332 | €45,596 | -€1,735 | -3.7% |
| Furniture and vehicles | 24 | €64,525 | €72,789 | +€8,264 | +12.8% |
| Current assets | 29/58 | €61,464 | €74,720 | +€13,256 | +21.6% |
| Stocks and contracts in progress | 3 | €6,583 | €4,666 | -€1,917 | -29.1% |
| Stocks | 30/36 | €6,583 | €4,666 | -€1,917 | -29.1% |
| Amounts receivable within one year | 40/41 | €10,475 | €4,786 | -€5,689 | -54.3% |
| Trade receivables | 40 | €9,961 | €4,053 | -€5,908 | -59.3% |
| Other amounts receivable | 41 | €514 | €733 | +€219 | +42.6% |
| Cash at bank and in hand | 54/58 | €44,154 | €64,751 | +€20,597 | +46.6% |
| Deferred charges and accrued income | 490/1 | €252 | €518 | +€266 | +105.3% |
| Total equity and liabilities | 10/49 | €196,511 | €216,440 | +€19,929 | +10.1% |
| Equity | 10/15 | -€30,412 | -€5,889 | +€24,523 | +80.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,912 | -€18,389 | +€24,523 | +57.1% |
| Amounts payable | 17/49 | €226,923 | €222,329 | -€4,594 | -2.0% |
| Amounts payable after more than one year | 17 | €87,969 | €76,293 | -€11,677 | -13.3% |
| Financial debts | 170/4 | €87,969 | €76,293 | -€11,677 | -13.3% |
| Amounts payable within one year | 42/48 | €137,579 | €144,662 | +€7,082 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €71,333 | €71,677 | +€344 | +0.5% |
| Financial debts | 43 | €485 | €605 | +€120 | +24.8% |
| Credit institutions | 430/8 | €485 | €605 | +€120 | +24.8% |
| Trade debts | 44 | €32,248 | €13,936 | -€18,312 | -56.8% |
| Suppliers | 440/4 | €32,248 | €13,936 | -€18,312 | -56.8% |
| Taxes, remuneration and social security | 45 | €19,848 | €31,539 | +€11,691 | +58.9% |
| Taxes | 450/3 | €6,174 | €7,381 | +€1,207 | +19.5% |
| Remuneration and social security | 454/9 | €13,674 | €24,158 | +€10,484 | +76.7% |
| Other amounts payable | 47/48 | €13,666 | €26,906 | +€13,240 | +96.9% |
| Accrued charges and deferred income | 492/3 | €1,374 | €1,374 | = | 0.0% |
| Non-recurring operating income | 76A | €1,598 | €0 | -€1,598 | -100.0% |
| Remuneration, social security and pensions | 62 | €144,950 | €128,010 | -€16,940 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,428 | €30,769 | -€3,659 | -10.6% |
| Other operating charges | 640/8 | €1,957 | €772 | -€1,186 | -60.6% |
| Gross operating margin | 9900 | €144,149 | €187,845 | +€43,696 | +30.3% |
| Operating profit (loss) | 9901 | -€37,186 | €28,294 | +€65,481 | |
| Financial income | 75/76B | €661 | €27 | -€634 | -95.9% |
| Recurring financial income | 75 | €661 | €27 | -€634 | -95.9% |
| Financial charges | 65/66B | €5,560 | €3,396 | -€2,163 | -38.9% |
| Recurring financial charges | 65 | €5,560 | €3,396 | -€2,163 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,085 | €24,925 | +€67,010 | |
| Income taxes | 67/77 | €828 | €402 | -€426 | -51.5% |
| Profit (loss) for the period | 9904 | -€42,912 | €24,523 | +€67,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,912 | €24,523 | +€67,435 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.