HAAGWINDE: 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.
HAAGWINDE
Largest movements
- Stocks and contracts +€127,999
up €127,999 (+131%), from €98,006 to €226,005
- Cash -€6,283
down €6,283 (-15.3%), from €41,008 to €34,724
mainly Stocks and contracts (-€127,999) and Net result for the year (-€12,531)
- Receivables within one year -€5,827
down €5,827 (-26.7%), from €21,856 to €16,029
- Trade debts +€121,793
up €121,793 (+96,661%), from €126 to €121,919
- Profit (loss) carried forward -€12,531
down €12,531 (-31.9%), from -€39,309 to -€51,840
- Accrued charges and deferred income +€6,586
new in 2025: €6,586
- Debts after one year +€6,246
up €6,246 (+5.0%), from €125,647 to €131,892
- Other debts -€6,206
down €6,206 (-100%), from €6,206 to €0
- Gross operating margin +€33,994
up €33,994, from -€8,035 to €25,959
- Other operating charges +€30,716
up €30,716 (+5,984%), from €513 to €31,230
- Financial charges +€321
up €321 (+4.6%), from €6,939 to €7,261
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 | €160,870 | €276,758 | +€115,889 | +72.0% |
| Current assets | 29/58 | €160,870 | €276,758 | +€115,889 | +72.0% |
| Stocks and contracts in progress | 3 | €98,006 | €226,005 | +€127,999 | +131% |
| Contracts in progress | 37 | €98,006 | €226,005 | +€127,999 | +131% |
| Amounts receivable within one year | 40/41 | €21,856 | €16,029 | -€5,827 | -26.7% |
| Other amounts receivable | 41 | €21,856 | €16,029 | -€5,827 | -26.7% |
| Cash at bank and in hand | 54/58 | €41,008 | €34,724 | -€6,283 | -15.3% |
| Total equity and liabilities | 10/49 | €160,870 | €276,758 | +€115,889 | +72.0% |
| Equity | 10/15 | €28,891 | €16,360 | -€12,531 | -43.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,309 | -€51,840 | -€12,531 | -31.9% |
| Amounts payable | 17/49 | €131,978 | €260,398 | +€128,420 | +97.3% |
| Amounts payable after more than one year | 17 | €125,647 | €131,892 | +€6,246 | +5.0% |
| Financial debts | 170/4 | €125,647 | €131,892 | +€6,246 | +5.0% |
| Amounts payable within one year | 42/48 | €6,332 | €121,919 | +€115,588 | +1,826% |
| Trade debts | 44 | €126 | €121,919 | +€121,793 | +96,661% |
| Suppliers | 440/4 | €126 | €121,919 | +€121,793 | +96,661% |
| Other amounts payable | 47/48 | €6,206 | €0 | -€6,206 | -100% |
| Accrued charges and deferred income | 492/3 | - | €6,586 | +€6,586 | |
| Other operating charges | 640/8 | €513 | €31,230 | +€30,716 | +5,984% |
| Gross operating margin | 9900 | -€8,035 | €25,959 | +€33,994 | |
| Operating profit (loss) | 9901 | -€8,548 | -€5,270 | +€3,278 | +38.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,939 | €7,261 | +€321 | +4.6% |
| Recurring financial charges | 65 | €6,939 | €7,261 | +€321 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,488 | -€12,531 | +€2,957 | +19.1% |
| Profit (loss) for the period | 9904 | -€15,488 | -€12,531 | +€2,957 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,488 | -€12,531 | +€2,957 | +19.1% |
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 28 October 2026 via checked.be.