Dave Hacha: 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.
Dave Hacha
Largest movements
- Cash +€36,141
up €36,141 (+149%), from €24,261 to €60,402
mainly Net result for the year (+€27,133) and Receivables within one year (+€10,835)
- Receivables within one year -€10,835
down €10,835 (-51.9%), from €20,889 to €10,054
of which Trade receivables: -€11,309
- Reserves +€27,133
up €27,133 (+78.5%), from €34,544 to €61,677
- Other debts -€1,784
down €1,784 (-86.2%), from €2,071 to €287
- Tax, wage and social debts +€930
up €930 (+13.6%), from €6,859 to €7,789
- Trade debts -€724
down €724 (-53.0%), from €1,368 to €644
- Gross operating margin -€11,668
down €11,668 (-23.7%), from €49,253 to €37,585
- Taxes -€1,612
down €1,612 (-16.7%), from €9,622 to €8,011
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 | €46,341 | €71,896 | +€25,555 | +55.1% |
| Fixed assets | 21/28 | €1,192 | €1,429 | +€237 | +19.9% |
| Tangible fixed assets | 22/27 | €1,192 | €1,429 | +€237 | +19.9% |
| Plant, machinery and equipment | 23 | €1,192 | €1,429 | +€237 | +19.9% |
| Current assets | 29/58 | €45,149 | €70,467 | +€25,318 | +56.1% |
| Amounts receivable within one year | 40/41 | €20,889 | €10,054 | -€10,835 | -51.9% |
| Trade receivables | 40 | €20,889 | €9,580 | -€11,309 | -54.1% |
| Other amounts receivable | 41 | - | €475 | +€475 | |
| Cash at bank and in hand | 54/58 | €24,261 | €60,402 | +€36,141 | +149% |
| Deferred charges and accrued income | 490/1 | - | €11 | +€11 | |
| Total equity and liabilities | 10/49 | €46,341 | €71,896 | +€25,555 | +55.1% |
| Equity | 10/15 | €36,044 | €63,177 | +€27,133 | +75.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €34,544 | €61,677 | +€27,133 | +78.5% |
| Distributable reserves | 133 | €34,544 | €61,677 | +€27,133 | +78.5% |
| Amounts payable | 17/49 | €10,298 | €8,719 | -€1,579 | -15.3% |
| Amounts payable within one year | 42/48 | €10,298 | €8,719 | -€1,579 | -15.3% |
| Trade debts | 44 | €1,368 | €644 | -€724 | -53.0% |
| Suppliers | 440/4 | €1,368 | €644 | -€724 | -53.0% |
| Taxes, remuneration and social security | 45 | €6,859 | €7,789 | +€930 | +13.6% |
| Taxes | 450/3 | €6,859 | €7,789 | +€930 | +13.6% |
| Other amounts payable | 47/48 | €2,071 | €287 | -€1,784 | -86.2% |
| Remuneration, social security and pensions | 62 | €2,230 | €1,986 | -€244 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105 | €372 | +€267 | +256% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €49,253 | €37,585 | -€11,668 | -23.7% |
| Operating profit (loss) | 9901 | €46,800 | €35,107 | -€11,693 | -25.0% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €64 | €40 | -€23 | -36.5% |
| Recurring financial charges | 65 | €64 | €40 | -€23 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €46,736 | €35,144 | -€11,592 | -24.8% |
| Income taxes | 67/77 | €9,622 | €8,011 | -€1,612 | -16.7% |
| Profit (loss) for the period | 9904 | €37,114 | €27,133 | -€9,981 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,114 | €27,133 | -€9,981 | -26.9% |
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 18 October 2026 via checked.be.