HEDELAB: what changed
What changed
HEDELAB
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€2.5m+€1.0m
Equity
-€2.6m
2024 · -€1.2m-€1.4m
Cash
€449,834
2024 · €313,432+€136,403
Balance sheet total
€6.5m
2024 · €6.1m+€406,266
Largest movements
Assets
- Stocks and contracts +€367,556
up €367,556 (+22.6%), from €1.6m to €2.0m
- Intangible fixed assets -€235,233
down €235,233 (-37.3%), from €631,080 to €395,847
- Cash +€136,403
up €136,403 (+43.5%), from €313,432 to €449,834
mainly Trade debts (+€1.1m) and Depreciation (+€733,166)
- Tangible fixed assets +€105,433
up €105,433 (+9.6%), from €1.1m to €1.2m
of which Plant, machinery and equipment: +€91,344
Equity and liabilities
- Profit (loss) carried forward -€1.4m
down €1.4m (-48.4%), from -€2.9m to -€4.4m
- Trade debts +€1.1m
up €1.1m (+56.3%), from €2.0m to €3.1m
- Debts after one year +€493,189
up €493,189 (+12.9%), from €3.8m to €4.3m
- Short-term financial debts +€354,644
up €354,644 (+56.4%), from €628,821 to €983,465
- Provisions -€160,819
down €160,819 (-88.7%), from €181,319 to €20,500
Income statement
- Provisions -€307,138
down €307,138, from €146,319 to -€160,819
- Write-downs -€219,207
down €219,207 (-89.5%), from €244,812 to €25,605
- Gross operating margin -€151,850
down €151,850 (-6.0%), from €2.5m to €2.4m
- Staff costs -€129,809
down €129,809 (-5.2%), from €2.5m to €2.4m
- Financial charges -€38,509
down €38,509 (-8.8%), from €439,460 to €400,951
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.
Result 2024
-€2.5m
Gross operating margin
-€151,850
Staff costs
+€129,809
Depreciation
-€1,637
Write-downs
+€219,207
Provisions
+€307,138
Other operating charges
+€24,757
Other operating items
+€449,509
Financial income
+€20,284
Financial charges
+€38,509
Taxes
-€223
Result 2025
-€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€131,648
Investment
-€633,269
Financing
+€901,320
Cash 2024
€313,432
From operations (derived)
-€131,648
Net result for the year
-€1.4m
Depreciation
+€733,166
Stocks and contracts
-€367,556
Receivables within one year
-€9,183
Deferred charges and accrued income
+€6,979
Provisions
-€160,819
Trade debts
+€1.1m
Tax, wage and social debts
-€30,374
Advances received
+€45,374
Other debts
+€28,400
Accrued charges and deferred income
-€85,475
Investment (derived)
-€633,269
Investment in fixed assets (net)
-€633,269
Financing
+€901,320
Debts after one year
+€493,189
Current portion of long-term debt
+€53,487
Short-term financial debts
+€354,644
Cash 2025
€449,834
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,071,733 | €6,477,999 | +€406,266 | +6.7% |
| Fixed assets | 21/28 | €2,011,871 | €1,911,974 | -€99,897 | -5.0% |
| Intangible fixed assets | 21 | €631,080 | €395,847 | -€235,233 | -37.3% |
| Tangible fixed assets | 22/27 | €1,095,573 | €1,201,007 | +€105,433 | +9.6% |
| Land and buildings | 22 | €123,126 | €114,024 | -€9,101 | -7.4% |
| Plant, machinery and equipment | 23 | €931,969 | €1,023,312 | +€91,344 | +9.8% |
| Furniture and vehicles | 24 | €40,479 | €40,470 | -€9 | 0.0% |
| Leasing and similar rights | 25 | - | €23,200 | +€23,200 | |
| Financial fixed assets | 28 | €285,218 | €315,120 | +€29,903 | +10.5% |
| Current assets | 29/58 | €4,059,863 | €4,566,026 | +€506,163 | +12.5% |
| Stocks and contracts in progress | 3 | €1,629,176 | €1,996,732 | +€367,556 | +22.6% |
| Stocks | 30/36 | €1,629,176 | €1,996,732 | +€367,556 | +22.6% |
| Amounts receivable within one year | 40/41 | €2,081,716 | €2,090,899 | +€9,183 | +0.4% |
| Trade receivables | 40 | €1,865,838 | €1,849,228 | -€16,610 | -0.9% |
| Other amounts receivable | 41 | €215,878 | €241,671 | +€25,793 | +11.9% |
| Cash at bank and in hand | 54/58 | €313,432 | €449,834 | +€136,403 | +43.5% |
| Deferred charges and accrued income | 490/1 | €35,539 | €28,560 | -€6,979 | -19.6% |
| Total equity and liabilities | 10/49 | €6,071,733 | €6,477,999 | +€406,266 | +6.7% |
| Equity | 10/15 | -€1,218,420 | -€2,640,202 | -€1.4m | -117% |
| Contributions | 10/11 | €1,700,343 | €1,700,343 | = | 0.0% |
| Capital | 10 | €1,700,343 | €1,700,343 | = | 0.0% |
| Issued capital | 100 | €1,700,343 | €1,700,343 | = | 0.0% |
| Reserves | 13 | €20,435 | €20,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,435 | €20,435 | = | 0.0% |
| Legal reserve | 130 | €20,435 | €20,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,939,197 | -€4,360,980 | -€1.4m | -48.4% |
| Provisions and deferred taxes | 16 | €181,319 | €20,500 | -€160,819 | -88.7% |
| Provisions for liabilities and charges | 160/5 | €181,319 | €20,500 | -€160,819 | -88.7% |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €181,319 | €20,500 | -€160,819 | -88.7% |
| Amounts payable | 17/49 | €7,108,834 | €9,097,702 | +€2.0m | +28.0% |
| Amounts payable after more than one year | 17 | €3,812,874 | €4,306,063 | +€493,189 | +12.9% |
| Financial debts | 170/4 | €3,812,874 | €4,306,063 | +€493,189 | +12.9% |
| Amounts payable within one year | 42/48 | €3,153,200 | €4,734,353 | +€1.6m | +50.1% |
| Current portion of amounts payable after more than one year | 42 | - | €53,487 | +€53,487 | |
| Financial debts | 43 | €628,821 | €983,465 | +€354,644 | +56.4% |
| Credit institutions | 430/8 | €628,821 | €983,465 | +€354,644 | +56.4% |
| Trade debts | 44 | €2,006,899 | €3,136,521 | +€1.1m | +56.3% |
| Suppliers | 440/4 | €2,006,899 | €3,136,521 | +€1.1m | +56.3% |
| Advances received on contracts in progress | 46 | €53,876 | €99,250 | +€45,374 | +84.2% |
| Taxes, remuneration and social security | 45 | €463,603 | €433,230 | -€30,374 | -6.6% |
| Taxes | 450/3 | €147,753 | €189,033 | +€41,280 | +27.9% |
| Remuneration and social security | 454/9 | €315,850 | €244,196 | -€71,654 | -22.7% |
| Other amounts payable | 47/48 | €0 | €28,400 | +€28,400 | |
| Accrued charges and deferred income | 492/3 | €142,760 | €57,285 | -€85,475 | -59.9% |
| Non-recurring operating income | 76A | €92,542 | €403,528 | +€310,986 | +336% |
| Remuneration, social security and pensions | 62 | €2,498,661 | €2,368,852 | -€129,809 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731,529 | €733,166 | +€1,637 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €244,812 | €25,605 | -€219,207 | -89.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €146,319 | -€160,819 | -€307,138 | |
| Other operating charges | 640/8 | €31,948 | €7,191 | -€24,757 | -77.5% |
| Non-recurring operating charges | 66A | €919,567 | €470,058 | -€449,509 | -48.9% |
| Gross operating margin | 9900 | €2,548,921 | €2,397,071 | -€151,850 | -6.0% |
| Operating profit (loss) | 9901 | -€2,023,915 | -€1,046,982 | +€976,933 | +48.3% |
| Financial income | 75/76B | €6,443 | €26,727 | +€20,284 | +315% |
| Recurring financial income | 75 | €6,443 | €26,727 | +€20,284 | +315% |
| Financial charges | 65/66B | €439,460 | €400,951 | -€38,509 | -8.8% |
| Recurring financial charges | 65 | €439,460 | €400,951 | -€38,509 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,456,931 | -€1,421,206 | +€1.0m | +42.2% |
| Income taxes | 67/77 | €354 | €577 | +€223 | +63.2% |
| Profit (loss) for the period | 9904 | -€2,457,285 | -€1,421,783 | +€1.0m | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,457,285 | -€1,421,783 | +€1.0m | +42.1% |
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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.