Hedonit: 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.
Hedonit
Largest movements
- Cash +€77,932
up €77,932 (+58.6%), from €132,972 to €210,903
mainly Net result for the year (+€56,406) and Tax, wage and social debts (+€22,708)
- Tangible fixed assets -€8,987
down €8,987 (-27.7%), from €32,450 to €23,463
of which Leasing and similar rights: -€8,263
- Profit (loss) carried forward +€56,406
up €56,406 (+50.8%), from €111,121 to €167,527
- Tax, wage and social debts +€22,708
up €22,708 (+53.4%), from €42,547 to €65,255
- Debts after one year -€9,166
down €9,166 (-51.0%), from €17,973 to €8,807
- Trade debts -€3,057
down €3,057 (-50.5%), from €6,053 to €2,996
- Gross operating margin -€76,583
down €76,583 (-48.3%), from €158,484 to €81,901
- Taxes -€17,267
down €17,267 (-53.8%), from €32,119 to €14,852
- Depreciation -€3,652
down €3,652 (-28.0%), from €13,051 to €9,399
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 | €188,451 | €256,871 | +€68,420 | +36.3% |
| Fixed assets | 21/28 | €32,450 | €23,463 | -€8,987 | -27.7% |
| Tangible fixed assets | 22/27 | €32,450 | €23,463 | -€8,987 | -27.7% |
| Plant, machinery and equipment | 23 | €1,792 | €1,068 | -€724 | -40.4% |
| Leasing and similar rights | 25 | €30,658 | €22,395 | -€8,263 | -27.0% |
| Current assets | 29/58 | €156,001 | €233,407 | +€77,407 | +49.6% |
| Amounts receivable within one year | 40/41 | €21,784 | €21,027 | -€757 | -3.5% |
| Trade receivables | 40 | €21,784 | €20,859 | -€925 | -4.2% |
| Other amounts receivable | 41 | - | €168 | +€168 | |
| Cash at bank and in hand | 54/58 | €132,972 | €210,903 | +€77,932 | +58.6% |
| Deferred charges and accrued income | 490/1 | €1,245 | €1,477 | +€232 | +18.6% |
| Total equity and liabilities | 10/49 | €188,451 | €256,871 | +€68,420 | +36.3% |
| Equity | 10/15 | €113,121 | €169,527 | +€56,406 | +49.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,121 | €167,527 | +€56,406 | +50.8% |
| Amounts payable | 17/49 | €75,329 | €87,344 | +€12,014 | +15.9% |
| Amounts payable after more than one year | 17 | €17,973 | €8,807 | -€9,166 | -51.0% |
| Financial debts | 170/4 | €17,973 | €8,807 | -€9,166 | -51.0% |
| Amounts payable within one year | 42/48 | €57,357 | €78,537 | +€21,180 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €8,757 | €9,166 | +€409 | +4.7% |
| Trade debts | 44 | €6,053 | €2,996 | -€3,057 | -50.5% |
| Suppliers | 440/4 | €6,053 | €2,996 | -€3,057 | -50.5% |
| Taxes, remuneration and social security | 45 | €42,547 | €65,255 | +€22,708 | +53.4% |
| Taxes | 450/3 | €42,547 | €65,255 | +€22,708 | +53.4% |
| Other amounts payable | 47/48 | - | €1,120 | +€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,051 | €9,399 | -€3,652 | -28.0% |
| Other operating charges | 640/8 | €195 | €146 | -€48 | -24.8% |
| Gross operating margin | 9900 | €158,484 | €81,901 | -€76,583 | -48.3% |
| Operating profit (loss) | 9901 | €145,238 | €72,356 | -€72,883 | -50.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,000 | €1,098 | -€902 | -45.1% |
| Recurring financial charges | 65 | €2,000 | €1,098 | -€902 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €143,240 | €71,258 | -€71,982 | -50.3% |
| Income taxes | 67/77 | €32,119 | €14,852 | -€17,267 | -53.8% |
| Profit (loss) for the period | 9904 | €111,121 | €56,406 | -€54,715 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,121 | €56,406 | -€54,715 | -49.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.