HADRA: 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.
HADRA
Largest movements
- Cash +€11,283
up €11,283 (+78.0%), from €14,474 to €25,757
mainly Net result for the year (+€38,889) and Other debts (+€2,970)
- Receivables within one year +€9,085
up €9,085 (+26.6%), from €34,159 to €43,244
of which Other amounts receivable: +€18,755
- Tangible fixed assets +€1,728
up €1,728 (+865.0%), from €200 to €1,928
- Contributions +€18,599
up €18,599 (+1859900.0%), from €1 to €18,600
- Other debts +€2,970
up €2,970 (+7.4%), from €40,236 to €43,206
- Gross operating margin +€14,346
up €14,346 (+37.4%), from €38,387 to €52,733
- Taxes +€2,796
up €2,796 (+30.2%), from €9,266 to €12,063
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 | €50,008 | €72,116 | +€22,108 | +44.2% |
| Fixed assets | 21/28 | €200 | €1,928 | +€1,728 | +865.0% |
| Tangible fixed assets | 22/27 | €200 | €1,928 | +€1,728 | +865.0% |
| Furniture and vehicles | 24 | €200 | €1,928 | +€1,728 | +865.0% |
| Current assets | 29/58 | €49,808 | €70,188 | +€20,380 | +40.9% |
| Amounts receivable within one year | 40/41 | €34,159 | €43,244 | +€9,085 | +26.6% |
| Trade receivables | 40 | €32,377 | €22,707 | -€9,669 | -29.9% |
| Other amounts receivable | 41 | €1,782 | €20,537 | +€18,755 | +1052.3% |
| Cash at bank and in hand | 54/58 | €14,474 | €25,757 | +€11,283 | +78.0% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,187 | +€11 | +1.0% |
| Total equity and liabilities | 10/49 | €50,008 | €72,116 | +€22,108 | +44.2% |
| Equity | 10/15 | €1 | €18,600 | +€18,599 | +1859900.0% |
| Contributions | 10/11 | €1 | €18,600 | +€18,599 | +1859900.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,007 | €53,516 | +€3,509 | +7.0% |
| Amounts payable within one year | 42/48 | €50,007 | €53,516 | +€3,509 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €2,006 | €2,289 | +€283 | +14.1% |
| Suppliers | 440/4 | €2,006 | €2,289 | +€283 | +14.1% |
| Taxes, remuneration and social security | 45 | €7,765 | €8,021 | +€256 | +3.3% |
| Taxes | 450/3 | €7,765 | €8,021 | +€256 | +3.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €40,236 | €43,206 | +€2,970 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €552 | +€145 | +35.6% |
| Other operating charges | 640/8 | €672 | €705 | +€33 | +5.0% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €38,387 | €52,733 | +€14,346 | +37.4% |
| Operating profit (loss) | 9901 | €37,308 | €51,476 | +€14,168 | +38.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €558 | €525 | -€33 | -5.9% |
| Recurring financial charges | 65 | €558 | €525 | -€33 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €36,750 | €50,952 | +€14,201 | +38.6% |
| Income taxes | 67/77 | €9,266 | €12,063 | +€2,796 | +30.2% |
| Profit (loss) for the period | 9904 | €27,484 | €38,889 | +€11,405 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,484 | €38,889 | +€11,405 | +41.5% |
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 11 October 2026 via checked.be.