HEDON: 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.
HEDON
Largest movements
- Receivables within one year +€43,786
up €43,786 (+131.8%), from €33,212 to €76,998
of which Trade receivables: +€35,806
- Cash +€1,695
up €1,695 (+1787.4%), from €95 to €1,789
mainly Net result for the year (+€45,178) and Trade debts (+€16,431)
- Deferred charges and accrued income +€914
new in 2025: €914
- Profit (loss) carried forward +€45,178
up €45,178 (+25.9%), from -€174,180 to -€129,002
- Trade debts +€16,431
up €16,431 (+26.8%), from €61,347 to €77,777
- Debts after one year -€10,500
down €10,500 (-25.6%), from €41,000 to €30,500
- Tax, wage and social debts -€4,549
down €4,549 (-45.4%), from €10,019 to €5,470
- Gross operating margin +€20,136
up €20,136 (+74.1%), from €27,164 to €47,300
- Other operating charges -€2,928
down €2,928 (-71.3%), from €4,105 to €1,177
- Financial charges -€2,842
down €2,842 (-60.5%), from €4,701 to €1,859
- Financial income +€868
up €868 (+1890.3%), from €46 to €914
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 | €33,307 | €79,702 | +€46,395 | +139.3% |
| Current assets | 29/58 | €33,307 | €79,702 | +€46,395 | +139.3% |
| Amounts receivable within one year | 40/41 | €33,212 | €76,998 | +€43,786 | +131.8% |
| Trade receivables | 40 | €17,680 | €53,486 | +€35,806 | +202.5% |
| Other amounts receivable | 41 | €15,532 | €23,513 | +€7,980 | +51.4% |
| Cash at bank and in hand | 54/58 | €95 | €1,789 | +€1,695 | +1787.4% |
| Deferred charges and accrued income | 490/1 | - | €914 | +€914 | |
| Total equity and liabilities | 10/49 | €33,307 | €79,702 | +€46,395 | +139.3% |
| Equity | 10/15 | -€81,826 | -€36,648 | +€45,178 | +55.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,754 | €73,754 | = | 0.0% |
| Non-distributable reserves | 130/1 | €73,754 | €73,754 | = | 0.0% |
| Reserves not available under the articles | 1311 | €73,754 | €73,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,180 | -€129,002 | +€45,178 | +25.9% |
| Amounts payable | 17/49 | €115,133 | €116,350 | +€1,217 | +1.1% |
| Amounts payable after more than one year | 17 | €41,000 | €30,500 | -€10,500 | -25.6% |
| Financial debts | 170/4 | €41,000 | €30,500 | -€10,500 | -25.6% |
| Amounts payable within one year | 42/48 | €74,133 | €85,850 | +€11,717 | +15.8% |
| Financial debts | 43 | €2,527 | €2,369 | -€158 | -6.3% |
| Credit institutions | 430/8 | €2,527 | €2,369 | -€158 | -6.3% |
| Trade debts | 44 | €61,347 | €77,777 | +€16,431 | +26.8% |
| Suppliers | 440/4 | €61,347 | €77,777 | +€16,431 | +26.8% |
| Taxes, remuneration and social security | 45 | €10,019 | €5,470 | -€4,549 | -45.4% |
| Taxes | 450/3 | €10,019 | €5,470 | -€4,549 | -45.4% |
| Other amounts payable | 47/48 | €241 | €235 | -€7 | -2.7% |
| Other operating charges | 640/8 | €4,105 | €1,177 | -€2,928 | -71.3% |
| Gross operating margin | 9900 | €27,164 | €47,300 | +€20,136 | +74.1% |
| Operating profit (loss) | 9901 | €23,059 | €46,123 | +€23,064 | +100.0% |
| Financial income | 75/76B | €46 | €914 | +€868 | +1890.3% |
| Recurring financial income | 75 | €46 | €914 | +€868 | +1890.3% |
| Financial charges | 65/66B | €4,701 | €1,859 | -€2,842 | -60.5% |
| Recurring financial charges | 65 | €4,701 | €1,859 | -€2,842 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €18,404 | €45,178 | +€26,774 | +145.5% |
| Profit (loss) for the period | 9904 | €18,404 | €45,178 | +€26,774 | +145.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,404 | €45,178 | +€26,774 | +145.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.