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
- Receivables within one year -€23,293
down €23,293 (-92.7%), from €25,136 to €1,842
of which Trade receivables: -€24,017
- Cash +€20,254
up €20,254 (+69.1%), from €29,321 to €49,575
mainly Receivables within one year (+€23,293) and Net result for the year (+€17,669)
- Tangible fixed assets +€7,794
up €7,794 (+7.2%), from €108,102 to €115,896
of which Plant, machinery and equipment: +€5,704
- Trade debts -€23,193
down €23,193 (-93.0%), from €24,928 to €1,735
- Reserves +€13,258
up €13,258 (+14.5%), from €91,424 to €104,682
- Current portion of long-term debt +€6,730
up €6,730 (+122%), from €5,510 to €12,240
- Short-term financial debts +€4,728
new in 2025: €4,728
- Debts after one year +€4,075
up €4,075 (+39.0%), from €10,437 to €14,512
- Purchases and services -€148,381
no longer reported in 2025 (was €148,381)
- Depreciation +€10,884
up €10,884 (+262%), from €4,158 to €15,042
- Gross operating margin +€7,177
up €7,177 (+19.2%), from €37,447 to €44,624
- Financial charges -€789
down €789 (-21.9%), from €3,608 to €2,819
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 | €167,084 | €173,370 | +€6,287 | +3.8% |
| Fixed assets | 21/28 | €108,102 | €115,896 | +€7,794 | +7.2% |
| Tangible fixed assets | 22/27 | €108,102 | €115,896 | +€7,794 | +7.2% |
| Land and buildings | 22 | €85,015 | €81,891 | -€3,124 | -3.7% |
| Plant, machinery and equipment | 23 | €4,501 | €10,205 | +€5,704 | +127% |
| Furniture and vehicles | 24 | €18,586 | €23,800 | +€5,214 | +28.1% |
| Current assets | 29/58 | €58,982 | €57,474 | -€1,507 | -2.6% |
| Stocks and contracts in progress | 3 | €3,909 | €5,394 | +€1,485 | +38.0% |
| Stocks | 30/36 | €3,909 | €5,394 | +€1,485 | +38.0% |
| Amounts receivable within one year | 40/41 | €25,136 | €1,842 | -€23,293 | -92.7% |
| Trade receivables | 40 | €24,654 | €637 | -€24,017 | -97.4% |
| Other amounts receivable | 41 | €482 | €1,205 | +€724 | +150% |
| Cash at bank and in hand | 54/58 | €29,321 | €49,575 | +€20,254 | +69.1% |
| Deferred charges and accrued income | 490/1 | €616 | €663 | +€47 | +7.6% |
| Total equity and liabilities | 10/49 | €167,084 | €173,370 | +€6,287 | +3.8% |
| Equity | 10/15 | €97,624 | €110,882 | +€13,258 | +13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,424 | €104,682 | +€13,258 | +14.5% |
| Distributable reserves | 133 | €91,424 | €104,682 | +€13,258 | +14.5% |
| Amounts payable | 17/49 | €69,460 | €62,488 | -€6,971 | -10.0% |
| Amounts payable after more than one year | 17 | €10,437 | €14,512 | +€4,075 | +39.0% |
| Financial debts | 170/4 | €10,437 | €14,512 | +€4,075 | +39.0% |
| Amounts payable within one year | 42/48 | €59,023 | €47,977 | -€11,046 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €5,510 | €12,240 | +€6,730 | +122% |
| Financial debts | 43 | - | €4,728 | +€4,728 | |
| Credit institutions | 430/8 | - | €4,728 | +€4,728 | |
| Trade debts | 44 | €24,928 | €1,735 | -€23,193 | -93.0% |
| Suppliers | 440/4 | €24,928 | €1,735 | -€23,193 | -93.0% |
| Taxes, remuneration and social security | 45 | €5,521 | €4,731 | -€790 | -14.3% |
| Taxes | 450/3 | €5,521 | €4,731 | -€790 | -14.3% |
| Other amounts payable | 47/48 | €23,065 | €24,542 | +€1,478 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €148,381 | - | -€148,381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,158 | €15,042 | +€10,884 | +262% |
| Other operating charges | 640/8 | €1,202 | €1,319 | +€117 | +9.7% |
| Non-recurring operating charges | 66A | €1,479 | - | -€1,479 | |
| Gross operating margin | 9900 | €37,447 | €44,624 | +€7,177 | +19.2% |
| Operating profit (loss) | 9901 | €30,607 | €28,263 | -€2,344 | -7.7% |
| Financial income | 75/76B | €238 | €384 | +€146 | +61.3% |
| Recurring financial income | 75 | €238 | €384 | +€146 | +61.3% |
| Financial charges | 65/66B | €3,608 | €2,819 | -€789 | -21.9% |
| Recurring financial charges | 65 | €3,608 | €2,819 | -€789 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €27,237 | €25,827 | -€1,409 | -5.2% |
| Income taxes | 67/77 | €8,475 | €8,159 | -€317 | -3.7% |
| Profit (loss) for the period | 9904 | €18,762 | €17,669 | -€1,093 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,762 | €17,669 | -€1,093 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.