HA. SI.: 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. SI.
Largest movements
- Cash +€161,027
up €161,027 (+124.8%), from €129,053 to €290,080
mainly Trade debts (+€281,704) and Depreciation (+€116,397)
- Receivables within one year +€109,685
up €109,685 (+394.0%), from €27,841 to €137,526
of which Trade receivables: +€91,153
- Intangible fixed assets -€53,333
down €53,333 (-77.1%), from €69,187 to €15,854
- Tangible fixed assets -€18,719
down €18,719 (-7.1%), from €262,914 to €244,195
of which Plant, machinery and equipment: -€20,485
- Trade debts +€281,704
up €281,704 (+254.3%), from €110,759 to €392,463
- Tax, wage and social debts -€96,690
down €96,690 (-52.5%), from €184,007 to €87,317
of which Taxes: -€99,456
- Profit (loss) carried forward +€54,805
up €54,805 (+70.1%), from €78,210 to €133,015
- Debts after one year -€37,782
down €37,782 (-36.7%), from €102,837 to €65,055
- Gross operating margin -€202,457
down €202,457 (-25.3%), from €799,729 to €597,272
- Taxes -€58,078
down €58,078 (-97.3%), from €59,705 to €1,627
- Depreciation -€31,116
down €31,116 (-21.1%), from €147,513 to €116,397
- Staff costs -€19,908
down €19,908 (-4.7%), from €426,706 to €406,798
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 | €620,208 | €822,686 | +€202,478 | +32.6% |
| Fixed assets | 21/28 | €332,101 | €260,049 | -€72,053 | -21.7% |
| Intangible fixed assets | 21 | €69,187 | €15,854 | -€53,333 | -77.1% |
| Tangible fixed assets | 22/27 | €262,914 | €244,195 | -€18,719 | -7.1% |
| Plant, machinery and equipment | 23 | €156,128 | €135,643 | -€20,485 | -13.1% |
| Furniture and vehicles | 24 | €48,949 | €61,199 | +€12,250 | +25.0% |
| Other tangible fixed assets | 26 | €57,837 | €47,353 | -€10,484 | -18.1% |
| Current assets | 29/58 | €288,107 | €562,638 | +€274,531 | +95.3% |
| Stocks and contracts in progress | 3 | €131,213 | €133,916 | +€2,704 | +2.1% |
| Stocks | 30/36 | €131,213 | €133,916 | +€2,704 | +2.1% |
| Amounts receivable within one year | 40/41 | €27,841 | €137,526 | +€109,685 | +394.0% |
| Trade receivables | 40 | - | €91,153 | +€91,153 | |
| Other amounts receivable | 41 | €27,841 | €46,372 | +€18,531 | +66.6% |
| Cash at bank and in hand | 54/58 | €129,053 | €290,080 | +€161,027 | +124.8% |
| Deferred charges and accrued income | 490/1 | - | €1,116 | +€1,116 | |
| Total equity and liabilities | 10/49 | €620,208 | €822,686 | +€202,478 | +32.6% |
| Equity | 10/15 | €100,210 | €155,015 | +€54,805 | +54.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,210 | €133,015 | +€54,805 | +70.1% |
| Amounts payable | 17/49 | €519,998 | €667,671 | +€147,674 | +28.4% |
| Amounts payable after more than one year | 17 | €102,837 | €65,055 | -€37,782 | -36.7% |
| Financial debts | 170/4 | €102,837 | €65,055 | -€37,782 | -36.7% |
| Amounts payable within one year | 42/48 | €416,984 | €602,616 | +€185,632 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €38,218 | €38,836 | +€618 | +1.6% |
| Trade debts | 44 | €110,759 | €392,463 | +€281,704 | +254.3% |
| Suppliers | 440/4 | €110,759 | €392,463 | +€281,704 | +254.3% |
| Taxes, remuneration and social security | 45 | €184,007 | €87,317 | -€96,690 | -52.5% |
| Taxes | 450/3 | €142,936 | €43,480 | -€99,456 | -69.6% |
| Remuneration and social security | 454/9 | €41,072 | €43,837 | +€2,766 | +6.7% |
| Other amounts payable | 47/48 | €84,000 | €84,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €177 | - | -€177 | |
| Remuneration, social security and pensions | 62 | €426,706 | €406,798 | -€19,908 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,513 | €116,397 | -€31,116 | -21.1% |
| Other operating charges | 640/8 | €1,092 | €3,929 | +€2,837 | +259.8% |
| Gross operating margin | 9900 | €799,729 | €597,272 | -€202,457 | -25.3% |
| Operating profit (loss) | 9901 | €224,418 | €70,149 | -€154,269 | -68.7% |
| Financial income | 75/76B | €3,204 | €7,131 | +€3,927 | +122.6% |
| Recurring financial income | 75 | €3,204 | €7,131 | +€3,927 | +122.6% |
| Financial charges | 65/66B | €23,181 | €20,848 | -€2,332 | -10.1% |
| Recurring financial charges | 65 | €23,181 | €20,848 | -€2,332 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €204,441 | €56,432 | -€148,010 | -72.4% |
| Income taxes | 67/77 | €59,705 | €1,627 | -€58,078 | -97.3% |
| Profit (loss) for the period | 9904 | €144,737 | €54,805 | -€89,932 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,737 | €54,805 | -€89,932 | -62.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.