Hadolines: 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.
Hadolines
Largest movements
- Cash -€6,514
down €6,514 (-18.2%), from €35,837 to €29,324
mainly Contributions, distributions and other (-€32,724) and Receivables within one year (-€3,243)
- Receivables within one year +€3,243
up €3,243 (+45.8%), from €7,086 to €10,329
of which Trade receivables: +€5,687
- Tangible fixed assets -€2,645
down €2,645 (-24.6%), from €10,735 to €8,090
of which Furniture and vehicles: -€1,802
- Profit (loss) carried forward -€20,510
down €20,510 (-62.7%), from €32,724 to €12,215
- Other debts +€12,816
up €12,816 (+85.4%), from €15,006 to €27,822
- Tax, wage and social debts +€1,385
up €1,385 (+32.4%), from €4,273 to €5,658
- Gross operating margin +€17,035
up €17,035 (+624%), from €2,729 to €19,764
- Taxes +€2,456
up €2,456 (+1,639%), from €150 to €2,606
- Depreciation -€493
down €493 (-15.7%), from €3,138 to €2,645
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 | €54,522 | €48,608 | -€5,915 | -10.8% |
| Fixed assets | 21/28 | €10,735 | €8,090 | -€2,645 | -24.6% |
| Tangible fixed assets | 22/27 | €10,735 | €8,090 | -€2,645 | -24.6% |
| Plant, machinery and equipment | 23 | €1,611 | €768 | -€843 | -52.3% |
| Furniture and vehicles | 24 | €9,124 | €7,322 | -€1,802 | -19.7% |
| Current assets | 29/58 | €43,788 | €40,518 | -€3,270 | -7.5% |
| Amounts receivable within one year | 40/41 | €7,086 | €10,329 | +€3,243 | +45.8% |
| Trade receivables | 40 | €3,449 | €9,136 | +€5,687 | +165% |
| Other amounts receivable | 41 | €3,637 | €1,194 | -€2,444 | -67.2% |
| Cash at bank and in hand | 54/58 | €35,837 | €29,324 | -€6,514 | -18.2% |
| Deferred charges and accrued income | 490/1 | €865 | €865 | = | 0.0% |
| Total equity and liabilities | 10/49 | €54,522 | €48,608 | -€5,915 | -10.8% |
| Equity | 10/15 | €35,224 | €14,715 | -€20,510 | -58.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,724 | €12,215 | -€20,510 | -62.7% |
| Amounts payable | 17/49 | €19,298 | €33,893 | +€14,595 | +75.6% |
| Amounts payable within one year | 42/48 | €19,298 | €33,893 | +€14,595 | +75.6% |
| Trade debts | 44 | €19 | €413 | +€395 | +2,125% |
| Suppliers | 440/4 | €19 | €413 | +€395 | +2,125% |
| Taxes, remuneration and social security | 45 | €4,273 | €5,658 | +€1,385 | +32.4% |
| Taxes | 450/3 | €4,273 | €5,658 | +€1,385 | +32.4% |
| Other amounts payable | 47/48 | €15,006 | €27,822 | +€12,816 | +85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,138 | €2,645 | -€493 | -15.7% |
| Other operating charges | 640/8 | €665 | €595 | -€71 | -10.6% |
| Gross operating margin | 9900 | €2,729 | €19,764 | +€17,035 | +624% |
| Operating profit (loss) | 9901 | -€1,074 | €16,525 | +€17,599 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,704 | €1,704 | = | 0.0% |
| Recurring financial charges | 65 | €1,704 | €1,704 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,778 | €14,821 | +€17,599 | |
| Income taxes | 67/77 | €150 | €2,606 | +€2,456 | +1,639% |
| Profit (loss) for the period | 9904 | -€2,928 | €12,215 | +€15,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,928 | €12,215 | +€15,143 |
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 16 October 2026 via checked.be.