HATODIAM: 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.
HATODIAM
Largest movements
- Cash +€13,153
up €13,153 (+14.3%), from €91,985 to €105,138
mainly Depreciation (+€11,297) and Net result for the year (+€7,405)
- Tangible fixed assets -€11,297
down €11,297 (-22.6%), from €49,992 to €38,695
of which Plant, machinery and equipment: -€10,255
- Receivables within one year -€3,326
down €3,326 (-3.6%), from €92,248 to €88,922
of which Other amounts receivable: -€3,173
- Reserves +€6,415
up €6,415 (+8.1%), from €79,409 to €85,824
of which Distributable reserves: +€6,415
- Current portion of long-term debt -€5,029
down €5,029 (-15.3%), from €32,953 to €27,924
- Tax, wage and social debts -€3,211
down €3,211 (-12.7%), from €25,346 to €22,135
of which Remuneration and social security: -€11,984
- Gross operating margin +€14,886
up €14,886 (+3.7%), from €406,061 to €420,947
- Depreciation +€6,715
up €6,715 (+147%), from €4,582 to €11,297
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 | €234,224 | €232,755 | -€1,470 | -0.6% |
| Fixed assets | 21/28 | €49,992 | €38,695 | -€11,297 | -22.6% |
| Tangible fixed assets | 22/27 | €49,992 | €38,695 | -€11,297 | -22.6% |
| Plant, machinery and equipment | 23 | €47,359 | €37,104 | -€10,255 | -21.7% |
| Furniture and vehicles | 24 | €2,633 | €1,591 | -€1,042 | -39.6% |
| Current assets | 29/58 | €184,233 | €194,060 | +€9,827 | +5.3% |
| Amounts receivable within one year | 40/41 | €92,248 | €88,922 | -€3,326 | -3.6% |
| Trade receivables | 40 | €73,392 | €73,239 | -€153 | -0.2% |
| Other amounts receivable | 41 | €18,856 | €15,683 | -€3,173 | -16.8% |
| Cash at bank and in hand | 54/58 | €91,985 | €105,138 | +€13,153 | +14.3% |
| Total equity and liabilities | 10/49 | €234,224 | €232,755 | -€1,470 | -0.6% |
| Equity | 10/15 | €172,011 | €179,416 | +€7,405 | +4.3% |
| Contributions | 10/11 | €93,592 | €93,592 | = | 0.0% |
| Reserves | 13 | €79,409 | €85,824 | +€6,415 | +8.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €77,550 | €83,965 | +€6,415 | +8.3% |
| Profit (loss) carried forward | 14 | -€990 | - | +€990 | |
| Amounts payable | 17/49 | €62,213 | €53,339 | -€8,874 | -14.3% |
| Amounts payable within one year | 42/48 | €62,213 | €53,339 | -€8,874 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €32,953 | €27,924 | -€5,029 | -15.3% |
| Trade debts | 44 | €3,725 | €3,002 | -€723 | -19.4% |
| Suppliers | 440/4 | €3,725 | €3,002 | -€723 | -19.4% |
| Taxes, remuneration and social security | 45 | €25,346 | €22,135 | -€3,211 | -12.7% |
| Taxes | 450/3 | €2,221 | €10,994 | +€8,773 | +395% |
| Remuneration and social security | 454/9 | €23,125 | €11,141 | -€11,984 | -51.8% |
| Other amounts payable | 47/48 | €189 | €278 | +€89 | +47.1% |
| Remuneration, social security and pensions | 62 | €396,181 | €395,634 | -€547 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,582 | €11,297 | +€6,715 | +147% |
| Other operating charges | 640/8 | €1,247 | €826 | -€422 | -33.8% |
| Gross operating margin | 9900 | €406,061 | €420,947 | +€14,886 | +3.7% |
| Operating profit (loss) | 9901 | €4,051 | €13,191 | +€9,140 | +226% |
| Financial income | 75/76B | €102 | €50 | -€52 | -51.1% |
| Recurring financial income | 75 | €102 | €50 | -€52 | -51.1% |
| Financial charges | 65/66B | €2,908 | €716 | -€2,191 | -75.4% |
| Recurring financial charges | 65 | €2,908 | €716 | -€2,191 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €1,246 | €12,525 | +€11,279 | +905% |
| Income taxes | 67/77 | €2,236 | €5,120 | +€2,884 | +129% |
| Profit (loss) for the period | 9904 | -€990 | €7,405 | +€8,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€990 | €7,405 | +€8,395 |
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 25 October 2026 via checked.be.