HA-Works: 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-Works
Largest movements
- Tangible fixed assets -€12,884
down €12,884 (-32.3%), from €39,901 to €27,017
of which Furniture and vehicles: -€12,164
- Receivables within one year +€4,611
up €4,611 (+51.8%), from €8,901 to €13,512
of which Other amounts receivable: +€2,969
- Cash +€1,467
up €1,467 (+1.6%), from €89,721 to €91,188
mainly Depreciation (+€12,884) and Net result for the year (+€11,582)
- Reserves +€11,582
up €11,582 (+12.2%), from €95,173 to €106,755
- Debts after one year -€10,592
no longer reported in 2025 (was €10,592)
- Other debts -€3,719
down €3,719 (-79.0%), from €4,709 to €990
- Tax, wage and social debts -€3,468
down €3,468 (-37.2%), from €9,315 to €5,847
of which Taxes: -€3,483
- Gross operating margin -€4,028
down €4,028 (-10.8%), from €37,325 to €33,297
- Taxes -€444
down €444 (-6.5%), from €6,790 to €6,345
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 | €138,523 | €131,856 | -€6,667 | -4.8% |
| Fixed assets | 21/28 | €39,901 | €27,017 | -€12,884 | -32.3% |
| Tangible fixed assets | 22/27 | €39,901 | €27,017 | -€12,884 | -32.3% |
| Furniture and vehicles | 24 | €35,927 | €23,762 | -€12,164 | -33.9% |
| Other tangible fixed assets | 26 | €3,975 | €3,255 | -€720 | -18.1% |
| Current assets | 29/58 | €98,622 | €104,839 | +€6,217 | +6.3% |
| Amounts receivable within one year | 40/41 | €8,901 | €13,512 | +€4,611 | +51.8% |
| Trade receivables | 40 | €8,901 | €10,543 | +€1,642 | +18.4% |
| Other amounts receivable | 41 | - | €2,969 | +€2,969 | |
| Cash at bank and in hand | 54/58 | €89,721 | €91,188 | +€1,467 | +1.6% |
| Deferred charges and accrued income | 490/1 | - | €139 | +€139 | |
| Total equity and liabilities | 10/49 | €138,523 | €131,856 | -€6,667 | -4.8% |
| Equity | 10/15 | €101,373 | €112,955 | +€11,582 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,173 | €106,755 | +€11,582 | +12.2% |
| Distributable reserves | 133 | €95,173 | €106,755 | +€11,582 | +12.2% |
| Amounts payable | 17/49 | €37,150 | €18,900 | -€18,249 | -49.1% |
| Amounts payable after more than one year | 17 | €10,592 | - | -€10,592 | |
| Financial debts | 170/4 | €10,592 | - | -€10,592 | |
| Amounts payable within one year | 42/48 | €26,347 | €18,716 | -€7,631 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €10,279 | €10,592 | +€314 | +3.1% |
| Trade debts | 44 | €2,045 | €1,287 | -€758 | -37.1% |
| Suppliers | 440/4 | €2,045 | €1,287 | -€758 | -37.1% |
| Taxes, remuneration and social security | 45 | €9,315 | €5,847 | -€3,468 | -37.2% |
| Taxes | 450/3 | €7,019 | €3,535 | -€3,483 | -49.6% |
| Remuneration and social security | 454/9 | €2,296 | €2,311 | +€15 | +0.7% |
| Other amounts payable | 47/48 | €4,709 | €990 | -€3,719 | -79.0% |
| Accrued charges and deferred income | 492/3 | €210 | €184 | -€26 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,842 | €12,884 | +€43 | +0.3% |
| Other operating charges | 640/8 | €1,414 | €1,459 | +€45 | +3.2% |
| Gross operating margin | 9900 | €37,325 | €33,297 | -€4,028 | -10.8% |
| Operating profit (loss) | 9901 | €23,070 | €18,954 | -€4,116 | -17.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,344 | €1,027 | -€316 | -23.5% |
| Recurring financial charges | 65 | €1,344 | €1,027 | -€316 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €21,726 | €17,927 | -€3,798 | -17.5% |
| Income taxes | 67/77 | €6,790 | €6,345 | -€444 | -6.5% |
| Profit (loss) for the period | 9904 | €14,936 | €11,582 | -€3,354 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,936 | €11,582 | -€3,354 | -22.5% |
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 1 November 2026 via checked.be.