HAAGDAM: 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.
What changed
HAAGDAM
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,992
2024 · €46,935-€28,943
Equity
€845,935
2024 · €827,943+€17,992
Cash
€74,717
2024 · €111,259-€36,542
Balance sheet total
€18.4m
2024 · €18.7m-€277,065
Largest movements
Assets
- Receivables after one year -€550,253
down €550,253 (-4.9%), from €11.3m to €10.7m
- Receivables within one year +€415,326
up €415,326 (+27.1%), from €1.5m to €2.0m
of which Other amounts receivable: +€415,326
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-8.1%), from €14.0m to €12.9m
- Other debts +€880,348
up €880,348 (+33.9%), from €2.6m to €3.5m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€46,935
Depreciation
+€16,812
Other operating charges
-€4,087
Other operating items
-€8,858
Financial income
-€4,736
Financial charges
-€40,331
Taxes
+€12,258
Result 2025
€17,992
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€190,233
Financing
-€1.1m
Cash 2024
€111,259
From operations (derived)
+€1.3m
Net result for the year
+€17,992
Depreciation
+€295,829
Receivables after one year
+€550,253
Receivables within one year
-€415,326
Trade debts
-€46
Tax, wage and social debts
-€41,912
Other debts
+€880,348
Investment (derived)
-€190,233
Investment in fixed assets (net)
-€190,233
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
+€784
Cash 2025
€74,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,678,263 | €18,401,198 | -€277,065 | -1.5% |
| Fixed assets | 21/28 | €5,770,698 | €5,665,102 | -€105,596 | -1.8% |
| Tangible fixed assets | 22/27 | €5,769,877 | €5,664,281 | -€105,596 | -1.8% |
| Land and buildings | 22 | €4,651,641 | €4,616,923 | -€34,718 | -0.7% |
| Plant, machinery and equipment | 23 | €1,118,236 | €1,047,358 | -€70,878 | -6.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €821 | €821 | = | 0.0% |
| Other financial fixed assets | 284/8 | €821 | €821 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €821 | €821 | = | 0.0% |
| Current assets | 29/58 | €12,907,565 | €12,736,096 | -€171,469 | -1.3% |
| Amounts receivable after more than one year | 29 | €11,261,271 | €10,711,018 | -€550,253 | -4.9% |
| Other amounts receivable | 291 | €11,261,271 | €10,711,018 | -€550,253 | -4.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,535,035 | €1,950,361 | +€415,326 | +27.1% |
| Trade receivables | 40 | €276,485 | €276,485 | = | 0.0% |
| Other amounts receivable | 41 | €1,258,550 | €1,673,876 | +€415,326 | +33.0% |
| Cash at bank and in hand | 54/58 | €111,259 | €74,717 | -€36,542 | -32.8% |
| Total equity and liabilities | 10/49 | €18,678,263 | €18,401,198 | -€277,065 | -1.5% |
| Equity | 10/15 | €827,943 | €845,935 | +€17,992 | +2.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €327,943 | €345,935 | +€17,992 | +5.5% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €277,943 | €295,935 | +€17,992 | +6.5% |
| Amounts payable | 17/49 | €17,850,320 | €17,555,263 | -€295,057 | -1.7% |
| Amounts payable after more than one year | 17 | €13,985,378 | €12,851,148 | -€1.1m | -8.1% |
| Financial debts | 170/4 | €13,985,378 | €12,851,148 | -€1.1m | -8.1% |
| Credit institutions | 173 | €10,693,212 | €9,489,681 | -€1.2m | -11.3% |
| Other loans | 174 | €3,292,166 | €3,361,467 | +€69,300 | +2.1% |
| Amounts payable within one year | 42/48 | €3,864,941 | €4,704,115 | +€839,174 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €1,202,747 | €1,203,531 | +€784 | +0.1% |
| Trade debts | 44 | €1,201 | €1,155 | -€46 | -3.8% |
| Suppliers | 440/4 | €1,201 | €1,155 | -€46 | -3.8% |
| Taxes, remuneration and social security | 45 | €67,588 | €25,676 | -€41,912 | -62.0% |
| Taxes | 450/3 | €67,588 | €25,676 | -€41,912 | -62.0% |
| Other amounts payable | 47/48 | €2,593,406 | €3,473,754 | +€880,348 | +33.9% |
| Operating income | 70/76A | €480,000 | €480,000 | = | 0.0% |
| Other operating income | 74 | €480,000 | €480,000 | = | 0.0% |
| Operating charges | 60/66A | €461,305 | €457,438 | -€3,866 | -0.8% |
| Services and other goods | 61 | €54,504 | €63,363 | +€8,858 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312,641 | €295,829 | -€16,812 | -5.4% |
| Other operating charges | 640/8 | €94,159 | €98,247 | +€4,087 | +4.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €18,695 | €22,562 | +€3,866 | +20.7% |
| Financial income | 75/76B | €362,319 | €357,583 | -€4,736 | -1.3% |
| Recurring financial income | 75 | €362,319 | €357,583 | -€4,736 | -1.3% |
| Income from current assets | 751 | €362,319 | €357,583 | -€4,736 | -1.3% |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €314,672 | €355,004 | +€40,331 | +12.8% |
| Recurring financial charges | 65 | €314,672 | €355,004 | +€40,331 | +12.8% |
| Debt charges | 650 | €313,567 | €354,297 | +€40,730 | +13.0% |
| Other financial charges | 652/9 | €1,106 | €707 | -€399 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €66,342 | €25,141 | -€41,201 | -62.1% |
| Income taxes | 67/77 | €19,407 | €7,149 | -€12,258 | -63.2% |
| Taxes | 670/3 | €19,407 | €7,149 | -€12,258 | -63.2% |
| Profit (loss) for the period | 9904 | €46,935 | €17,992 | -€28,943 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,935 | €17,992 | -€28,943 | -61.7% |
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 18 October 2026 via checked.be.