HYADES: 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.
HYADES
Largest movements
- Stocks and contracts -€5,367
down €5,367 (-6.0%), from €88,999 to €83,632
- Tangible fixed assets -€4,345
down €4,345 (-21.4%), from €20,281 to €15,936
- Deferred charges and accrued income +€2,045
up €2,045 (+893%), from €229 to €2,274
- Cash -€1,961
down €1,961 (-71.4%), from €2,746 to €785
mainly Other debts (-€7,139) and Tax, wage and social debts (-€2,584)
- Receivables within one year -€1,838
down €1,838 (-22.9%), from €8,018 to €6,180
of which Trade receivables: -€1,836
- Other debts -€7,139
down €7,139 (-28.8%), from €24,753 to €17,614
- Tax, wage and social debts -€2,584
down €2,584 (-19.7%), from €13,132 to €10,548
of which Remuneration and social security: -€4,074
- Profit (loss) carried forward -€2,431
down €2,431 (-4.1%), from €59,719 to €57,288
- Gross operating margin +€6,349
up €6,349 (+82.3%), from €7,717 to €14,066
- Staff costs -€3,532
down €3,532 (-24.6%), from €14,366 to €10,834
- Purchases and services -€3,139
down €3,139 (-2.2%), from €143,387 to €140,248
- Depreciation +€2,846
up €2,846 (+190%), from €1,499 to €4,345
- Turnover +€2,350
up €2,350 (+1.6%), from €151,104 to €153,454
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 | €125,374 | €113,936 | -€11,438 | -9.1% |
| Fixed assets | 21/28 | €25,382 | €21,065 | -€4,317 | -17.0% |
| Tangible fixed assets | 22/27 | €20,281 | €15,936 | -€4,345 | -21.4% |
| Furniture and vehicles | 24 | €20,281 | €15,936 | -€4,345 | -21.4% |
| Financial fixed assets | 28 | €5,101 | €5,129 | +€28 | +0.5% |
| Current assets | 29/58 | €99,992 | €92,871 | -€7,121 | -7.1% |
| Stocks and contracts in progress | 3 | €88,999 | €83,632 | -€5,367 | -6.0% |
| Stocks | 30/36 | €88,999 | €83,632 | -€5,367 | -6.0% |
| Amounts receivable within one year | 40/41 | €8,018 | €6,180 | -€1,838 | -22.9% |
| Trade receivables | 40 | €8,004 | €6,168 | -€1,836 | -22.9% |
| Other amounts receivable | 41 | €14 | €12 | -€2 | -14.3% |
| Cash at bank and in hand | 54/58 | €2,746 | €785 | -€1,961 | -71.4% |
| Deferred charges and accrued income | 490/1 | €229 | €2,274 | +€2,045 | +893% |
| Total equity and liabilities | 10/49 | €125,374 | €113,936 | -€11,438 | -9.1% |
| Equity | 10/15 | €80,179 | €77,748 | -€2,431 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,719 | €57,288 | -€2,431 | -4.1% |
| Amounts payable | 17/49 | €45,195 | €36,188 | -€9,007 | -19.9% |
| Amounts payable within one year | 42/48 | €45,179 | €36,185 | -€8,994 | -19.9% |
| Trade debts | 44 | €7,294 | €8,023 | +€729 | +10.0% |
| Suppliers | 440/4 | €7,294 | €8,023 | +€729 | +10.0% |
| Taxes, remuneration and social security | 45 | €13,132 | €10,548 | -€2,584 | -19.7% |
| Taxes | 450/3 | €4,629 | €6,119 | +€1,490 | +32.2% |
| Remuneration and social security | 454/9 | €8,503 | €4,429 | -€4,074 | -47.9% |
| Other amounts payable | 47/48 | €24,753 | €17,614 | -€7,139 | -28.8% |
| Accrued charges and deferred income | 492/3 | €16 | €3 | -€13 | -81.3% |
| Turnover | 70 | €151,104 | €153,454 | +€2,350 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €143,387 | €140,248 | -€3,139 | -2.2% |
| Remuneration, social security and pensions | 62 | €14,366 | €10,834 | -€3,532 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,499 | €4,345 | +€2,846 | +190% |
| Other operating charges | 640/8 | €1,592 | €651 | -€941 | -59.1% |
| Gross operating margin | 9900 | €7,717 | €14,066 | +€6,349 | +82.3% |
| Operating profit (loss) | 9901 | -€9,740 | -€1,764 | +€7,976 | +81.9% |
| Financial income | 75/76B | €587 | €276 | -€311 | -53.0% |
| Recurring financial income | 75 | €587 | €276 | -€311 | -53.0% |
| Financial charges | 65/66B | €989 | €935 | -€54 | -5.5% |
| Recurring financial charges | 65 | €989 | €935 | -€54 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,142 | -€2,423 | +€7,719 | +76.1% |
| Income taxes | 67/77 | - | €8 | +€8 | |
| Profit (loss) for the period | 9904 | -€10,142 | -€2,431 | +€7,711 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,142 | -€2,431 | +€7,711 | +76.0% |
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 27 October 2026 via checked.be.