Den Haas: 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.
Den Haas
Largest movements
- Tangible fixed assets -€28,931
down €28,931 (-13.7%), from €210,647 to €181,715
of which Land and buildings: -€19,539
- Cash +€26,072
up €26,072 (+38.8%), from €67,129 to €93,201
mainly Net result for the year (+€39,072) and Depreciation (+€28,931)
- Stocks and contracts -€14,130
down €14,130 (-81.8%), from €17,280 to €3,150
- Deferred charges and accrued income -€5,101
down €5,101 (-32.6%), from €15,631 to €10,530
- Reserves +€39,072
up €39,072 (+27.1%), from €144,149 to €183,221
of which Distributable reserves: +€39,072
- Tax, wage and social debts -€25,285
down €25,285 (-64.9%), from €38,986 to €13,701
of which Taxes: -€23,249
- Other debts -€13,952
down €13,952 (-71.1%), from €19,635 to €5,683
- Debts after one year -€9,092
down €9,092 (-9.9%), from €91,385 to €82,293
- Current portion of long-term debt -€7,750
down €7,750 (-46.0%), from €16,842 to €9,092
- Gross operating margin +€7,773
up €7,773 (+4.1%), from €189,327 to €197,100
- Taxes +€4,801
up €4,801 (+33.6%), from €14,300 to €19,101
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.
Cash bridge derived
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 | €328,570 | €307,969 | -€20,601 | -6.3% |
| Fixed assets | 21/28 | €210,647 | €181,715 | -€28,931 | -13.7% |
| Tangible fixed assets | 22/27 | €210,647 | €181,715 | -€28,931 | -13.7% |
| Land and buildings | 22 | €183,315 | €163,776 | -€19,539 | -10.7% |
| Plant, machinery and equipment | 23 | €22,862 | €17,153 | -€5,708 | -25.0% |
| Furniture and vehicles | 24 | €4,470 | €786 | -€3,684 | -82.4% |
| Current assets | 29/58 | €117,923 | €126,254 | +€8,331 | +7.1% |
| Stocks and contracts in progress | 3 | €17,280 | €3,150 | -€14,130 | -81.8% |
| Stocks | 30/36 | €17,280 | €3,150 | -€14,130 | -81.8% |
| Amounts receivable within one year | 40/41 | €17,884 | €19,373 | +€1,490 | +8.3% |
| Trade receivables | 40 | - | €2,894 | +€2,894 | |
| Other amounts receivable | 41 | €17,884 | €16,479 | -€1,405 | -7.9% |
| Cash at bank and in hand | 54/58 | €67,129 | €93,201 | +€26,072 | +38.8% |
| Deferred charges and accrued income | 490/1 | €15,631 | €10,530 | -€5,101 | -32.6% |
| Total equity and liabilities | 10/49 | €328,570 | €307,969 | -€20,601 | -6.3% |
| Equity | 10/15 | €150,349 | €189,421 | +€39,072 | +26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144,149 | €183,221 | +€39,072 | +27.1% |
| Non-distributable reserves | 130/1 | €561 | €561 | = | 0.0% |
| Reserves not available under the articles | 1311 | €561 | €561 | = | 0.0% |
| Distributable reserves | 133 | €143,588 | €182,660 | +€39,072 | +27.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,221 | €118,549 | -€59,672 | -33.5% |
| Amounts payable after more than one year | 17 | €91,385 | €82,293 | -€9,092 | -9.9% |
| Financial debts | 170/4 | €91,385 | €82,293 | -€9,092 | -9.9% |
| Amounts payable within one year | 42/48 | €86,836 | €36,255 | -€50,581 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €16,842 | €9,092 | -€7,750 | -46.0% |
| Trade debts | 44 | €11,373 | €7,779 | -€3,594 | -31.6% |
| Suppliers | 440/4 | €11,373 | €7,779 | -€3,594 | -31.6% |
| Taxes, remuneration and social security | 45 | €38,986 | €13,701 | -€25,285 | -64.9% |
| Taxes | 450/3 | €31,836 | €8,587 | -€23,249 | -73.0% |
| Remuneration and social security | 454/9 | €7,149 | €5,114 | -€2,035 | -28.5% |
| Other amounts payable | 47/48 | €19,635 | €5,683 | -€13,952 | -71.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,851 | €102,105 | +€254 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,122 | €28,931 | -€1,190 | -4.0% |
| Other operating charges | 640/8 | €2,688 | €2,831 | +€144 | +5.3% |
| Gross operating margin | 9900 | €189,327 | €197,100 | +€7,773 | +4.1% |
| Operating profit (loss) | 9901 | €54,666 | €63,233 | +€8,566 | +15.7% |
| Financial income | 75/76B | €1,020 | €901 | -€118 | -11.6% |
| Recurring financial income | 75 | €1,020 | €901 | -€118 | -11.6% |
| Financial charges | 65/66B | €6,399 | €5,962 | -€437 | -6.8% |
| Recurring financial charges | 65 | €6,399 | €5,962 | -€437 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €49,288 | €58,172 | +€8,885 | +18.0% |
| Income taxes | 67/77 | €14,300 | €19,101 | +€4,801 | +33.6% |
| Profit (loss) for the period | 9904 | €34,988 | €39,072 | +€4,084 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,988 | €39,072 | +€4,084 | +11.7% |
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 11 October 2026 via checked.be.