HA Group: 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.
HA Group
Largest movements
- Receivables within one year -€6,595
down €6,595 (-14.2%), from €46,428 to €39,833
of which Trade receivables: -€6,167
- Tangible fixed assets +€3,416
up €3,416 (+90.9%), from €3,760 to €7,176
of which Furniture and vehicles: +€4,131
- Profit (loss) carried forward -€49,168
down €49,168 (-66.0%), from -€74,486 to -€123,654
- Other debts +€32,283
up €32,283 (+43.6%), from €74,072 to €106,355
- Tax, wage and social debts +€9,934
up €9,934 (+106%), from €9,374 to €19,308
of which Remuneration and social security: +€10,521
- Short-term financial debts +€3,251
up €3,251 (+14.0%), from €23,231 to €26,482
- Trade debts +€2,611
up €2,611 (+22.2%), from €11,762 to €14,373
- Staff costs +€25,655
up €25,655 (+59.1%), from €43,438 to €69,093
- Gross operating margin -€14,845
down €14,845 (-37.2%), from €39,952 to €25,107
- Other operating charges -€1,139
down €1,139 (-71.0%), from €1,604 to €465
- Financial charges +€718
up €718 (+27.5%), from €2,608 to €3,326
- Depreciation +€474
up €474 (+80.4%), from €590 to €1,064
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,108 | €50,925 | -€3,183 | -5.9% |
| Fixed assets | 21/28 | €4,270 | €7,386 | +€3,116 | +73.0% |
| Tangible fixed assets | 22/27 | €3,760 | €7,176 | +€3,416 | +90.9% |
| Plant, machinery and equipment | 23 | €3,760 | €3,045 | -€715 | -19.0% |
| Furniture and vehicles | 24 | - | €4,131 | +€4,131 | |
| Financial fixed assets | 28 | €510 | €210 | -€300 | -58.9% |
| Current assets | 29/58 | €49,838 | €43,539 | -€6,299 | -12.6% |
| Stocks and contracts in progress | 3 | - | €485 | +€485 | |
| Stocks | 30/36 | - | €485 | +€485 | |
| Amounts receivable within one year | 40/41 | €46,428 | €39,833 | -€6,595 | -14.2% |
| Trade receivables | 40 | €41,986 | €35,819 | -€6,167 | -14.7% |
| Other amounts receivable | 41 | €4,442 | €4,014 | -€428 | -9.6% |
| Cash at bank and in hand | 54/58 | €0 | €41 | +€41 | |
| Deferred charges and accrued income | 490/1 | €3,410 | €3,180 | -€230 | -6.7% |
| Total equity and liabilities | 10/49 | €54,108 | €50,925 | -€3,183 | -5.9% |
| Equity | 10/15 | -€66,426 | -€115,594 | -€49,168 | -74.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,486 | -€123,654 | -€49,168 | -66.0% |
| Amounts payable | 17/49 | €120,534 | €166,519 | +€45,985 | +38.2% |
| Amounts payable within one year | 42/48 | €118,439 | €166,519 | +€48,080 | +40.6% |
| Financial debts | 43 | €23,231 | €26,482 | +€3,251 | +14.0% |
| Credit institutions | 430/8 | €23,231 | €26,482 | +€3,251 | +14.0% |
| Trade debts | 44 | €11,762 | €14,373 | +€2,611 | +22.2% |
| Suppliers | 440/4 | €11,762 | €14,373 | +€2,611 | +22.2% |
| Taxes, remuneration and social security | 45 | €9,374 | €19,308 | +€9,934 | +106% |
| Taxes | 450/3 | €6,210 | €5,623 | -€587 | -9.5% |
| Remuneration and social security | 454/9 | €3,164 | €13,685 | +€10,521 | +333% |
| Other amounts payable | 47/48 | €74,072 | €106,355 | +€32,283 | +43.6% |
| Accrued charges and deferred income | 492/3 | €2,095 | - | -€2,095 | |
| Remuneration, social security and pensions | 62 | €43,438 | €69,093 | +€25,655 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €1,064 | +€474 | +80.4% |
| Other operating charges | 640/8 | €1,604 | €465 | -€1,139 | -71.0% |
| Gross operating margin | 9900 | €39,952 | €25,107 | -€14,845 | -37.2% |
| Operating profit (loss) | 9901 | -€5,680 | -€45,515 | -€39,835 | -701% |
| Financial income | 75/76B | €418 | €5 | -€413 | -98.7% |
| Recurring financial income | 75 | €418 | €5 | -€413 | -98.7% |
| Financial charges | 65/66B | €2,608 | €3,326 | +€718 | +27.5% |
| Recurring financial charges | 65 | €2,608 | €3,326 | +€718 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,870 | -€48,835 | -€40,965 | -521% |
| Income taxes | 67/77 | €732 | €333 | -€399 | -54.5% |
| Profit (loss) for the period | 9904 | -€8,602 | -€49,168 | -€40,566 | -472% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,602 | -€49,168 | -€40,566 | -472% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.