De HaKa: 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 HaKa
Largest movements
- Cash +€24,725
up €24,725 (+52.0%), from €47,522 to €72,247
mainly Other debts (+€63,841) and Net result for the year (+€37,035)
- Receivables within one year +€11,666
up €11,666 (+63.4%), from €18,399 to €30,065
of which Trade receivables: +€11,658
- Other debts +€63,841
up €63,841 (+544%), from €11,737 to €75,578
- Profit (loss) carried forward -€33,298
down €33,298 (-98.2%), from €33,919 to €621
- Tax, wage and social debts +€6,079
up €6,079 (+33.6%), from €18,104 to €24,183
of which Taxes: +€6,079
- Trade debts -€1,147
down €1,147 (-21.6%), from €5,305 to €4,158
- Gross operating margin +€3,291
up €3,291 (+6.9%), from €48,007 to €51,298
- Taxes +€1,215
up €1,215 (+12.7%), from €9,537 to €10,752
- Financial charges +€664
up €664 (+59.9%), from €1,109 to €1,772
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 | €72,411 | €107,886 | +€35,475 | +49.0% |
| Fixed assets | 21/28 | €4,875 | €3,956 | -€919 | -18.9% |
| Tangible fixed assets | 22/27 | €4,875 | €3,956 | -€919 | -18.9% |
| Furniture and vehicles | 24 | €1,152 | €692 | -€460 | -39.9% |
| Other tangible fixed assets | 26 | €3,723 | €3,264 | -€459 | -12.3% |
| Current assets | 29/58 | €67,536 | €103,930 | +€36,394 | +53.9% |
| Amounts receivable within one year | 40/41 | €18,399 | €30,065 | +€11,666 | +63.4% |
| Trade receivables | 40 | €18,342 | €30,000 | +€11,658 | +63.6% |
| Other amounts receivable | 41 | €57 | €65 | +€8 | +13.5% |
| Cash at bank and in hand | 54/58 | €47,522 | €72,247 | +€24,725 | +52.0% |
| Deferred charges and accrued income | 490/1 | €1,615 | €1,618 | +€3 | +0.2% |
| Total equity and liabilities | 10/49 | €72,411 | €107,886 | +€35,475 | +49.0% |
| Equity | 10/15 | €36,919 | €3,621 | -€33,298 | -90.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,919 | €621 | -€33,298 | -98.2% |
| Amounts payable | 17/49 | €35,491 | €104,265 | +€68,773 | +194% |
| Amounts payable within one year | 42/48 | €35,146 | €103,920 | +€68,773 | +196% |
| Trade debts | 44 | €5,305 | €4,158 | -€1,147 | -21.6% |
| Suppliers | 440/4 | €5,305 | €4,158 | -€1,147 | -21.6% |
| Taxes, remuneration and social security | 45 | €18,104 | €24,183 | +€6,079 | +33.6% |
| Taxes | 450/3 | €16,104 | €22,183 | +€6,079 | +37.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,737 | €75,578 | +€63,841 | +544% |
| Accrued charges and deferred income | 492/3 | €345 | €345 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €919 | = | 0.0% |
| Other operating charges | 640/8 | €588 | €819 | +€232 | +39.4% |
| Gross operating margin | 9900 | €48,007 | €51,298 | +€3,291 | +6.9% |
| Operating profit (loss) | 9901 | €46,500 | €49,559 | +€3,059 | +6.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,109 | €1,772 | +€664 | +59.9% |
| Recurring financial charges | 65 | €1,109 | €1,772 | +€664 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €45,391 | €47,786 | +€2,395 | +5.3% |
| Income taxes | 67/77 | €9,537 | €10,752 | +€1,215 | +12.7% |
| Profit (loss) for the period | 9904 | €35,854 | €37,035 | +€1,181 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,854 | €37,035 | +€1,181 | +3.3% |
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 26 October 2026 via checked.be.