HADIMA: 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.
What changed
HADIMA
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€44,277
2024 · €971,519-€1.0m
Equity
€7.5m
2024 · €7.6m-€44,277
Cash
€7,088
2024 · €705,882-€698,794
Balance sheet total
€15.9m
2024 · €14.7m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+12.8%), from €11.0m to €12.4m
of which Land and buildings: +€1.5m
- Cash -€698,794
down €698,794 (-99.0%), from €705,882 to €7,088
mainly Investment in fixed assets (net) (-€1.7m) and Receivables within one year (-€546,251)
- Receivables within one year +€546,251
up €546,251 (+33.1%), from €1.6m to €2.2m
of which Other amounts receivable: +€545,912
Equity and liabilities
- Short-term financial debts +€1.4m
up €1.4m (+231.2%), from €600,000 to €2.0m
Income statement
- Gross operating margin -€1.2m
down €1.2m (-73.4%), from €1.6m to €437,954
- Depreciation +€48,354
up €48,354 (+19.8%), from €243,841 to €292,195
- Staff costs +€33,627
up €33,627 (+236.8%), from €14,200 to €47,826
- Financial charges +€26,427
up €26,427 (+74.4%), from €35,523 to €61,950
- Financial income +€19,234
up €19,234 (+26.9%), from €71,465 to €90,699
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.
Result 2024
€971,519
Gross operating margin
-€1.2m
Staff costs
-€33,627
Depreciation
-€48,354
Other operating charges
-€9,277
Financial income
+€19,234
Financial charges
-€26,427
Taxes
-€16,722
Deferred taxes and other
+€306,348
Result 2025
-€44,277
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.
From operations
-€252,478
Investment
-€1.7m
Financing
+€1.3m
Cash 2024
€705,882
From operations (derived)
-€252,478
Net result for the year
-€44,277
Depreciation
+€292,195
Receivables within one year
-€546,251
Deferred charges and accrued income
+€14,139
Provisions
-€9,282
Trade debts
-€56,177
Tax, wage and social debts
-€23,753
Other debts
+€120,927
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€1.3m
Debts after one year
-€63,211
Current portion of long-term debt
-€64,578
Short-term financial debts
+€1.4m
Cash 2025
€7,088
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,669,867 | €15,917,000 | +€1.2m | +8.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,020,259 | €13,434,074 | +€1.4m | +11.8% |
| Tangible fixed assets | 22/27 | €11,014,659 | €12,428,474 | +€1.4m | +12.8% |
| Land and buildings | 22 | €10,812,817 | €12,286,352 | +€1.5m | +13.6% |
| Plant, machinery and equipment | 23 | €12,057 | €8,913 | -€3,143 | -26.1% |
| Furniture and vehicles | 24 | €189,785 | €133,209 | -€56,576 | -29.8% |
| Financial fixed assets | 28 | €1,005,600 | €1,005,600 | = | 0.0% |
| Current assets | 29/58 | €2,649,608 | €2,482,925 | -€166,683 | -6.3% |
| Amounts receivable after more than one year | 29 | €267,153 | €267,153 | = | 0.0% |
| Other amounts receivable | 291 | €267,153 | €267,153 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,649,517 | €2,195,767 | +€546,251 | +33.1% |
| Trade receivables | 40 | €151,120 | €151,459 | +€339 | +0.2% |
| Other amounts receivable | 41 | €1,498,397 | €2,044,308 | +€545,912 | +36.4% |
| Cash at bank and in hand | 54/58 | €705,882 | €7,088 | -€698,794 | -99.0% |
| Deferred charges and accrued income | 490/1 | €27,056 | €12,917 | -€14,139 | -52.3% |
| Total equity and liabilities | 10/49 | €14,669,867 | €15,917,000 | +€1.2m | +8.5% |
| Equity | 10/15 | €7,581,654 | €7,537,377 | -€44,277 | -0.6% |
| Contributions | 10/11 | €1,990,000 | €1,990,000 | = | 0.0% |
| Capital | 10 | €1,990,000 | €1,990,000 | = | 0.0% |
| Issued capital | 100 | €1,990,000 | €1,990,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,251,664 | €5,251,664 | = | 0.0% |
| Reserves | 13 | €891,198 | €863,351 | -€27,847 | -3.1% |
| Tax-exempt reserves | 132 | €891,198 | €863,351 | -€27,847 | -3.1% |
| Profit (loss) carried forward | 14 | -€551,208 | -€567,637 | -€16,430 | -3.0% |
| Provisions and deferred taxes | 16 | €297,066 | €287,784 | -€9,282 | -3.1% |
| Deferred taxes | 168 | €297,066 | €287,784 | -€9,282 | -3.1% |
| Amounts payable | 17/49 | €6,791,147 | €8,091,839 | +€1.3m | +19.2% |
| Amounts payable after more than one year | 17 | €2,996,021 | €2,932,810 | -€63,211 | -2.1% |
| Financial debts | 170/4 | €114,376 | €50,645 | -€63,731 | -55.7% |
| Other amounts payable | 178/9 | €2,881,645 | €2,882,165 | +€520 | 0.0% |
| Amounts payable within one year | 42/48 | €3,795,127 | €5,159,029 | +€1.4m | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €114,917 | €50,339 | -€64,578 | -56.2% |
| Financial debts | 43 | €600,000 | €1,987,482 | +€1.4m | +231.2% |
| Credit institutions | 430/8 | €600,000 | €1,987,482 | +€1.4m | +231.2% |
| Trade debts | 44 | €81,167 | €24,990 | -€56,177 | -69.2% |
| Suppliers | 440/4 | €81,167 | €24,990 | -€56,177 | -69.2% |
| Taxes, remuneration and social security | 45 | €55,399 | €31,646 | -€23,753 | -42.9% |
| Taxes | 450/3 | €51,423 | €31,646 | -€19,777 | -38.5% |
| Remuneration and social security | 454/9 | €3,976 | - | -€3,976 | |
| Other amounts payable | 47/48 | €2,943,644 | €3,064,572 | +€120,927 | +4.1% |
| Non-recurring operating income | 76A | €1,225,393 | €324 | -€1.2m | -100.0% |
| Remuneration, social security and pensions | 62 | €14,200 | €47,826 | +€33,627 | +236.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,841 | €292,195 | +€48,354 | +19.8% |
| Other operating charges | 640/8 | €144,546 | €153,823 | +€9,277 | +6.4% |
| Gross operating margin | 9900 | €1,644,925 | €437,954 | -€1.2m | -73.4% |
| Operating profit (loss) | 9901 | €1,242,339 | -€55,890 | -€1.3m | |
| Financial income | 75/76B | €71,465 | €90,699 | +€19,234 | +26.9% |
| Recurring financial income | 75 | €71,465 | €90,699 | +€19,234 | +26.9% |
| Financial charges | 65/66B | €35,523 | €61,950 | +€26,427 | +74.4% |
| Recurring financial charges | 65 | €35,523 | €61,950 | +€26,427 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €1,278,281 | -€27,141 | -€1.3m | |
| Transfer from deferred taxes | 780 | €9,282 | €9,282 | = | 0.0% |
| Transfer to deferred taxes | 680 | €306,348 | - | -€306,348 | |
| Income taxes | 67/77 | €9,696 | €26,418 | +€16,722 | +172.5% |
| Profit (loss) for the period | 9904 | €971,519 | -€44,277 | -€1.0m | |
| Transfer from tax-exempt reserves | 789 | €27,847 | €27,847 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €919,045 | - | -€919,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,321 | -€16,430 | -€96,751 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.