DE HAES: 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.
DE HAES
Largest movements
- Receivables within one year +€32,779
up €32,779 (+111%), from €29,466 to €62,245
of which Other amounts receivable: +€32,419
- Deferred charges and accrued income -€20,787
down €20,787 (-25.0%), from €83,305 to €62,518
- Tangible fixed assets -€14,559
down €14,559 (-4.7%), from €309,065 to €294,506
of which Plant, machinery and equipment: -€12,152
- Other debts +€35,928
up €35,928 (+124%), from €28,866 to €64,794
- Current portion of long-term debt -€23,045
down €23,045 (-36.7%), from €62,728 to €39,683
- Trade debts -€16,991
down €16,991 (-27.0%), from €62,929 to €45,938
- Profit (loss) carried forward +€7,492
up €7,492 (+3.5%), from €215,303 to €222,795
- Staff costs +€81,751
up €81,751 (+10.0%), from €818,533 to €900,284
- Gross operating margin +€60,471
up €60,471 (+6.4%), from €943,259 to €1.0m
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 | €556,643 | €552,833 | -€3,809 | -0.7% |
| Fixed assets | 21/28 | €331,500 | €316,941 | -€14,559 | -4.4% |
| Tangible fixed assets | 22/27 | €309,065 | €294,506 | -€14,559 | -4.7% |
| Land and buildings | 22 | €25,304 | €25,304 | = | 0.0% |
| Plant, machinery and equipment | 23 | €269,412 | €257,260 | -€12,152 | -4.5% |
| Furniture and vehicles | 24 | €14,348 | €11,942 | -€2,406 | -16.8% |
| Financial fixed assets | 28 | €22,435 | €22,435 | = | 0.0% |
| Current assets | 29/58 | €225,143 | €235,892 | +€10,749 | +4.8% |
| Stocks and contracts in progress | 3 | €30,733 | €34,408 | +€3,676 | +12.0% |
| Stocks | 30/36 | €30,733 | €34,408 | +€3,676 | +12.0% |
| Amounts receivable within one year | 40/41 | €29,466 | €62,245 | +€32,779 | +111% |
| Trade receivables | 40 | - | €360 | +€360 | |
| Other amounts receivable | 41 | €29,466 | €61,885 | +€32,419 | +110% |
| Cash at bank and in hand | 54/58 | €81,639 | €76,721 | -€4,919 | -6.0% |
| Deferred charges and accrued income | 490/1 | €83,305 | €62,518 | -€20,787 | -25.0% |
| Total equity and liabilities | 10/49 | €556,643 | €552,833 | -€3,809 | -0.7% |
| Equity | 10/15 | €314,543 | €322,035 | +€7,492 | +2.4% |
| Contributions | 10/11 | €85,722 | €85,722 | = | 0.0% |
| Capital | 10 | €85,722 | €85,722 | = | 0.0% |
| Issued capital | 100 | €85,722 | €85,722 | = | 0.0% |
| Reserves | 13 | €13,519 | €13,519 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,572 | €8,572 | = | 0.0% |
| Legal reserve | 130 | €8,572 | €8,572 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,947 | €4,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,303 | €222,795 | +€7,492 | +3.5% |
| Amounts payable | 17/49 | €242,099 | €230,798 | -€11,301 | -4.7% |
| Amounts payable after more than one year | 17 | €2,350 | - | -€2,350 | |
| Financial debts | 170/4 | €2,350 | - | -€2,350 | |
| Amounts payable within one year | 42/48 | €239,749 | €230,798 | -€8,951 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €62,728 | €39,683 | -€23,045 | -36.7% |
| Trade debts | 44 | €62,929 | €45,938 | -€16,991 | -27.0% |
| Suppliers | 440/4 | €62,929 | €45,938 | -€16,991 | -27.0% |
| Taxes, remuneration and social security | 45 | €85,227 | €80,383 | -€4,843 | -5.7% |
| Taxes | 450/3 | €12,179 | €4,294 | -€7,885 | -64.7% |
| Remuneration and social security | 454/9 | €73,047 | €76,089 | +€3,042 | +4.2% |
| Other amounts payable | 47/48 | €28,866 | €64,794 | +€35,928 | +124% |
| Remuneration, social security and pensions | 62 | €818,533 | €900,284 | +€81,751 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,098 | €60,991 | -€1,107 | -1.8% |
| Other operating charges | 640/8 | €5,433 | €10,569 | +€5,137 | +94.6% |
| Gross operating margin | 9900 | €943,259 | €1,003,729 | +€60,471 | +6.4% |
| Operating profit (loss) | 9901 | €57,195 | €31,885 | -€25,311 | -44.3% |
| Financial income | 75/76B | €3,685 | €5 | -€3,680 | -99.9% |
| Recurring financial income | 75 | €3,685 | €5 | -€3,680 | -99.9% |
| Financial charges | 65/66B | €25,688 | €20,104 | -€5,584 | -21.7% |
| Recurring financial charges | 65 | €25,688 | €20,104 | -€5,584 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €35,192 | €11,785 | -€23,406 | -66.5% |
| Income taxes | 67/77 | €10,209 | €4,294 | -€5,916 | -57.9% |
| Profit (loss) for the period | 9904 | €24,982 | €7,492 | -€17,491 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,982 | €7,492 | -€17,491 | -70.0% |
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 22 October 2026 via checked.be.