HA ENGINEERING: what changed
Two fiscal 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.
HA ENGINEERING
Largest movements
- Cash +€4,351
up €4,351 (+95.3%), from €4,567 to €8,918
mainly Tax, wage and social debts (+€2,411) and Net result for the year (+€1,651)
- Receivables within one year +€1,032
up €1,032 (+687.7%), from €150 to €1,182
- Deferred charges and accrued income +€832
up €832 (+242.6%), from €343 to €1,175
- Tax, wage and social debts +€2,411
up €2,411 (+334.0%), from €722 to €3,133
- Profit (loss) carried forward +€1,651
up €1,651 (+139.0%), from €1,187 to €2,838
- Other debts +€1,603
up €1,603 (+246.2%), from €651 to €2,254
- Trade debts +€550
new in 2025: €550
- Gross operating margin +€1,588
up €1,588 (+105.4%), from €1,506 to €3,093
- Other operating charges +€796
new in 2025: €796
- Taxes +€267
up €267 (+83.8%), from €318 to €585
- Financial charges +€67
new in 2025: €67
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 | €5,060 | €11,275 | +€6,214 | +122.8% |
| Current assets | 29/58 | €5,060 | €11,275 | +€6,214 | +122.8% |
| Amounts receivable within one year | 40/41 | €150 | €1,182 | +€1,032 | +687.7% |
| Trade receivables | 40 | €150 | €1,182 | +€1,032 | +687.7% |
| Cash at bank and in hand | 54/58 | €4,567 | €8,918 | +€4,351 | +95.3% |
| Deferred charges and accrued income | 490/1 | €343 | €1,175 | +€832 | +242.6% |
| Total equity and liabilities | 10/49 | €5,060 | €11,275 | +€6,214 | +122.8% |
| Equity | 10/15 | €3,687 | €5,338 | +€1,651 | +44.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,187 | €2,838 | +€1,651 | +139.0% |
| Amounts payable | 17/49 | €1,373 | €5,937 | +€4,564 | +332.4% |
| Amounts payable within one year | 42/48 | €1,373 | €5,937 | +€4,564 | +332.4% |
| Trade debts | 44 | - | €550 | +€550 | |
| Suppliers | 440/4 | - | €550 | +€550 | |
| Taxes, remuneration and social security | 45 | €722 | €3,133 | +€2,411 | +334.0% |
| Taxes | 450/3 | €722 | €3,133 | +€2,411 | +334.0% |
| Other amounts payable | 47/48 | €651 | €2,254 | +€1,603 | +246.2% |
| Other operating charges | 640/8 | - | €796 | +€796 | |
| Gross operating margin | 9900 | €1,506 | €3,093 | +€1,588 | +105.4% |
| Operating profit (loss) | 9901 | €1,506 | €2,298 | +€792 | +52.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | - | €67 | +€67 | |
| Recurring financial charges | 65 | - | €67 | +€67 | |
| Profit (loss) for the period before taxes | 9903 | €1,506 | €2,236 | +€730 | +48.5% |
| Income taxes | 67/77 | €318 | €585 | +€267 | +83.8% |
| Profit (loss) for the period | 9904 | €1,187 | €1,651 | +€463 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,187 | €1,651 | +€463 | +39.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.