HADRON: 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.
HADRON
Largest movements
- Tangible fixed assets -€404,211
down €404,211 (-76.3%), from €530,109 to €125,898
of which Land and buildings: -€317,722
- Receivables within one year +€85,995
up €85,995 (+74.4%), from €115,585 to €201,580
of which Other amounts receivable: +€85,593
- Cash -€23,836
down €23,836 (-41.1%), from €57,963 to €34,127
mainly Current portion of long-term debt (-€220,578) and Other debts (-€125,177)
- Current portion of long-term debt -€220,578
down €220,578 (-93.7%), from €235,355 to €14,777
- Other debts -€125,177
no longer reported in 2024 (was €125,177)
- Debts after one year +€62,643
up €62,643 (+557.2%), from €11,243 to €73,887
- Trade debts -€56,805
down €56,805 (-90.1%), from €63,069 to €6,264
- Provisions -€29,020
no longer reported in 2024 (was €29,020)
- Gross operating margin -€29,189
down €29,189 (-30.7%), from €95,194 to €66,006
- Taxes +€26,289
up €26,289 (+177.8%), from €14,789 to €41,078
- Depreciation -€14,419
down €14,419 (-44.6%), from €32,301 to €17,881
- Financial income +€2,625
up €2,625 (+206.6%), from €1,271 to €3,895
- Financial charges +€1,688
up €1,688 (+15.8%), from €10,661 to €12,349
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €713,020 | €366,152 | -€346,868 | -48.6% |
| Fixed assets | 21/28 | €530,109 | €125,898 | -€404,211 | -76.3% |
| Tangible fixed assets | 22/27 | €530,109 | €125,898 | -€404,211 | -76.3% |
| Land and buildings | 22 | €418,393 | €100,671 | -€317,722 | -75.9% |
| Plant, machinery and equipment | 23 | €1,771 | €1,574 | -€197 | -11.1% |
| Furniture and vehicles | 24 | €36,664 | €23,652 | -€13,012 | -35.5% |
| Other tangible fixed assets | 26 | €73,281 | - | -€73,281 | |
| Current assets | 29/58 | €182,911 | €240,254 | +€57,343 | +31.3% |
| Amounts receivable within one year | 40/41 | €115,585 | €201,580 | +€85,995 | +74.4% |
| Trade receivables | 40 | €3,414 | €3,816 | +€401 | +11.8% |
| Other amounts receivable | 41 | €112,171 | €197,764 | +€85,593 | +76.3% |
| Cash at bank and in hand | 54/58 | €57,963 | €34,127 | -€23,836 | -41.1% |
| Deferred charges and accrued income | 490/1 | €9,363 | €4,547 | -€4,815 | -51.4% |
| Total equity and liabilities | 10/49 | €713,020 | €366,152 | -€346,868 | -48.6% |
| Equity | 10/15 | €231,245 | €256,068 | +€24,823 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,045 | €249,868 | +€24,823 | +11.0% |
| Tax-exempt reserves | 132 | €73,532 | - | -€73,532 | |
| Distributable reserves | 133 | €151,513 | €249,868 | +€98,355 | +64.9% |
| Provisions and deferred taxes | 16 | €29,020 | - | -€29,020 | |
| Deferred taxes | 168 | €29,020 | - | -€29,020 | |
| Amounts payable | 17/49 | €452,756 | €110,085 | -€342,671 | -75.7% |
| Amounts payable after more than one year | 17 | €11,243 | €73,887 | +€62,643 | +557.2% |
| Financial debts | 170/4 | €11,243 | €73,887 | +€62,643 | +557.2% |
| Amounts payable within one year | 42/48 | €441,512 | €36,198 | -€405,315 | -91.8% |
| Current portion of amounts payable after more than one year | 42 | €235,355 | €14,777 | -€220,578 | -93.7% |
| Trade debts | 44 | €63,069 | €6,264 | -€56,805 | -90.1% |
| Suppliers | 440/4 | €63,069 | €6,264 | -€56,805 | -90.1% |
| Advances received on contracts in progress | 46 | €494 | - | -€494 | |
| Taxes, remuneration and social security | 45 | €17,417 | €15,157 | -€2,260 | -13.0% |
| Taxes | 450/3 | €14,852 | €12,592 | -€2,260 | -15.2% |
| Remuneration and social security | 454/9 | €2,565 | €2,565 | = | 0.0% |
| Other amounts payable | 47/48 | €125,177 | - | -€125,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,301 | €17,881 | -€14,419 | -44.6% |
| Other operating charges | 640/8 | €2,109 | €2,790 | +€681 | +32.3% |
| Gross operating margin | 9900 | €95,194 | €66,006 | -€29,189 | -30.7% |
| Operating profit (loss) | 9901 | €60,785 | €45,334 | -€15,450 | -25.4% |
| Financial income | 75/76B | €1,271 | €3,895 | +€2,625 | +206.6% |
| Recurring financial income | 75 | €1,271 | €3,895 | +€2,625 | +206.6% |
| Financial charges | 65/66B | €10,661 | €12,349 | +€1,688 | +15.8% |
| Recurring financial charges | 65 | €10,661 | €12,349 | +€1,688 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €51,395 | €36,881 | -€14,514 | -28.2% |
| Transfer from deferred taxes | 780 | €2,381 | €29,020 | +€26,639 | +1118.9% |
| Income taxes | 67/77 | €14,789 | €41,078 | +€26,289 | +177.8% |
| Profit (loss) for the period | 9904 | €38,987 | €24,823 | -€14,164 | -36.3% |
| Transfer from tax-exempt reserves | 789 | €4,624 | €73,532 | +€68,908 | +1490.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,610 | €98,355 | +€54,744 | +125.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.