HADOJO-PROJECTS: what changed
HADOJO-PROJECTS
Largest movements
- Receivables within one year +€19,643
up €19,643 (+480%), from €4,089 to €23,732
of which Trade receivables: +€19,763
- Cash +€2,088
up €2,088 (+108%), from €1,932 to €4,020
mainly Net result for the year (+€17,165) and Tax, wage and social debts (+€4,354)
- Tangible fixed assets -€386
down €386 (-35.3%), from €1,092 to €706
- Profit (loss) carried forward +€17,165
up €17,165 (+30.2%), from -€56,784 to -€39,619
- Tax, wage and social debts +€4,354
up €4,354 (+454%), from €959 to €5,313
of which Taxes: +€3,144
- Debts after one year -€1,000
no longer reported in 2025 (was €1,000)
- Other debts +€420
new in 2025: €420
- Trade debts +€406
up €406 (+232%), from €175 to €581
- Gross operating margin +€15,842
up €15,842 (+666%), from €2,378 to €18,220
- Depreciation +€320
up €320 (+489%), from €66 to €386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,113 | €28,458 | +€21,345 | +300% |
| Fixed assets | 21/28 | €1,092 | €706 | -€386 | -35.3% |
| Tangible fixed assets | 22/27 | €1,092 | €706 | -€386 | -35.3% |
| Plant, machinery and equipment | 23 | €1,092 | €706 | -€386 | -35.3% |
| Current assets | 29/58 | €6,021 | €27,752 | +€21,731 | +361% |
| Amounts receivable within one year | 40/41 | €4,089 | €23,732 | +€19,643 | +480% |
| Trade receivables | 40 | €3,969 | €23,732 | +€19,763 | +498% |
| Other amounts receivable | 41 | €120 | - | -€120 | |
| Cash at bank and in hand | 54/58 | €1,932 | €4,020 | +€2,088 | +108% |
| Total equity and liabilities | 10/49 | €7,113 | €28,458 | +€21,345 | +300% |
| Equity | 10/15 | €3,216 | €20,381 | +€17,165 | +534% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,784 | -€39,619 | +€17,165 | +30.2% |
| Amounts payable | 17/49 | €3,897 | €8,077 | +€4,180 | +107% |
| Amounts payable after more than one year | 17 | €1,000 | - | -€1,000 | |
| Financial debts | 170/4 | €1,000 | - | -€1,000 | |
| Amounts payable within one year | 42/48 | €1,134 | €6,314 | +€5,180 | +457% |
| Trade debts | 44 | €175 | €581 | +€406 | +232% |
| Suppliers | 440/4 | €175 | €581 | +€406 | +232% |
| Taxes, remuneration and social security | 45 | €959 | €5,313 | +€4,354 | +454% |
| Taxes | 450/3 | €959 | €4,103 | +€3,144 | +328% |
| Remuneration and social security | 454/9 | - | €1,210 | +€1,210 | |
| Other amounts payable | 47/48 | - | €420 | +€420 | |
| Accrued charges and deferred income | 492/3 | €1,763 | €1,763 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €386 | +€320 | +489% |
| Other operating charges | 640/8 | €430 | €520 | +€90 | +20.8% |
| Gross operating margin | 9900 | €2,378 | €18,220 | +€15,842 | +666% |
| Operating profit (loss) | 9901 | €1,882 | €17,315 | +€15,432 | +820% |
| Financial income | 75/76B | €175 | €36 | -€139 | -79.4% |
| Recurring financial income | 75 | €175 | €36 | -€139 | -79.4% |
| Financial charges | 65/66B | €154 | €185 | +€32 | +20.6% |
| Recurring financial charges | 65 | €154 | €185 | +€32 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €1,903 | €17,165 | +€15,262 | +802% |
| Profit (loss) for the period | 9904 | €1,903 | €17,165 | +€15,262 | +802% |
| Profit (loss) for the period to be appropriated | 9905 | €1,903 | €17,165 | +€15,262 | +802% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.