Haagberg: 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.
Haagberg
Largest movements
- Receivables within one year +€30,636
up €30,636 (+249%), from €12,293 to €42,930
of which Trade receivables: +€30,889
- Intangible fixed assets -€12,503
down €12,503 (-19.7%), from €63,542 to €51,039
- Cash -€2,405
down €2,405 (-2.8%), from €85,178 to €82,772
mainly Receivables within one year (-€30,636) and Investment in fixed assets (net) (-€19,527)
- Tangible fixed assets +€2,183
up €2,183 (+6.7%), from €32,577 to €34,761
of which Plant, machinery and equipment: +€14,445
- Tax, wage and social debts +€6,832
up €6,832 (+42.0%), from €16,268 to €23,100
of which Remuneration and social security: +€4,763
- Reserves +€6,195
up €6,195 (+19.6%), from €31,640 to €37,835
- Current portion of long-term debt +€5,020
up €5,020 (+39.1%), from €12,832 to €17,852
- Trade debts +€4,024
up €4,024 (+6.6%), from €60,907 to €64,931
- Debts after one year -€2,852
down €2,852 (-4.3%), from €66,943 to €64,091
- Staff costs +€42,197
up €42,197 (+36.1%), from €116,757 to €158,954
- Other operating charges -€25,008
down €25,008 (-91.0%), from €27,472 to €2,465
- Gross operating margin +€16,315
up €16,315 (+8.4%), from €194,377 to €210,692
- Depreciation +€5,969
up €5,969 (+25.0%), from €23,878 to €29,846
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 | €193,590 | €212,809 | +€19,219 | +9.9% |
| Fixed assets | 21/28 | €96,119 | €85,799 | -€10,320 | -10.7% |
| Intangible fixed assets | 21 | €63,542 | €51,039 | -€12,503 | -19.7% |
| Tangible fixed assets | 22/27 | €32,577 | €34,761 | +€2,183 | +6.7% |
| Plant, machinery and equipment | 23 | €4,987 | €19,432 | +€14,445 | +290% |
| Furniture and vehicles | 24 | €27,590 | €15,329 | -€12,261 | -44.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €97,471 | €127,009 | +€29,538 | +30.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,293 | €42,930 | +€30,636 | +249% |
| Trade receivables | 40 | €11,987 | €42,875 | +€30,889 | +258% |
| Other amounts receivable | 41 | €307 | €55 | -€252 | -82.2% |
| Cash at bank and in hand | 54/58 | €85,178 | €82,772 | -€2,405 | -2.8% |
| Deferred charges and accrued income | 490/1 | - | €1,307 | +€1,307 | |
| Total equity and liabilities | 10/49 | €193,590 | €212,809 | +€19,219 | +9.9% |
| Equity | 10/15 | €36,640 | €42,835 | +€6,195 | +16.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,640 | €37,835 | +€6,195 | +19.6% |
| Distributable reserves | 133 | €31,640 | €37,835 | +€6,195 | +19.6% |
| Amounts payable | 17/49 | €156,950 | €169,974 | +€13,024 | +8.3% |
| Amounts payable after more than one year | 17 | €66,943 | €64,091 | -€2,852 | -4.3% |
| Financial debts | 170/4 | €66,943 | €64,091 | -€2,852 | -4.3% |
| Amounts payable within one year | 42/48 | €90,007 | €105,883 | +€15,876 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €12,832 | €17,852 | +€5,020 | +39.1% |
| Trade debts | 44 | €60,907 | €64,931 | +€4,024 | +6.6% |
| Suppliers | 440/4 | €60,907 | €64,931 | +€4,024 | +6.6% |
| Taxes, remuneration and social security | 45 | €16,268 | €23,100 | +€6,832 | +42.0% |
| Taxes | 450/3 | €4,125 | €6,194 | +€2,069 | +50.2% |
| Remuneration and social security | 454/9 | €12,142 | €16,906 | +€4,763 | +39.2% |
| Non-recurring operating income | 76A | - | €850 | +€850 | |
| Remuneration, social security and pensions | 62 | €116,757 | €158,954 | +€42,197 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,878 | €29,846 | +€5,969 | +25.0% |
| Other operating charges | 640/8 | €27,472 | €2,465 | -€25,008 | -91.0% |
| Gross operating margin | 9900 | €194,377 | €210,692 | +€16,315 | +8.4% |
| Operating profit (loss) | 9901 | €26,270 | €19,427 | -€6,843 | -26.0% |
| Financial income | 75/76B | €42 | €76 | +€34 | +79.5% |
| Recurring financial income | 75 | €42 | €76 | +€34 | +79.5% |
| Financial charges | 65/66B | €11,447 | €11,254 | -€193 | -1.7% |
| Recurring financial charges | 65 | €11,447 | €11,254 | -€193 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €14,866 | €8,249 | -€6,617 | -44.5% |
| Income taxes | 67/77 | €4,125 | €2,054 | -€2,071 | -50.2% |
| Profit (loss) for the period | 9904 | €10,740 | €6,195 | -€4,546 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,740 | €6,195 | -€4,546 | -42.3% |
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 20 October 2026 via checked.be.