HAAS: what changed
Two fiscal 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.
HAAS
Largest movements
- Receivables within one year +€89,310
up €89,310 (+28.9%), from €308,513 to €397,824
of which Trade receivables: +€90,800
- Tangible fixed assets -€61,734
down €61,734 (-5.8%), from €1.1m to €1.0m
of which Land and buildings: -€55,293
- Stocks and contracts +€37,100
up €37,100 (+32.8%), from €113,075 to €150,175
- Cash +€20,314
up €20,314 (+8.4%), from €240,624 to €260,938
mainly Depreciation (+€82,224) and Net result for the year (+€61,865)
- Profit (loss) carried forward +€61,865
up €61,865 (+57.0%), from €108,608 to €170,473
- Accrued charges and deferred income -€24,200
down €24,200 (-59.5%), from €40,667 to €16,467
- Other debts +€20,367
up €20,367 (+1.4%), from €1.5m to €1.5m
- Tax, wage and social debts +€19,154
up €19,154 (+1517.0%), from €1,263 to €20,417
- Gross operating margin +€21,175
up €21,175 (+12.5%), from €168,928 to €190,103
- Depreciation +€7,519
up €7,519 (+10.1%), from €74,705 to €82,224
- Financial charges -€5,394
down €5,394 (-12.3%), from €43,763 to €38,370
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 | €1,750,561 | €1,843,212 | +€92,651 | +5.3% |
| Fixed assets | 21/28 | €1,065,563 | €1,003,829 | -€61,734 | -5.8% |
| Tangible fixed assets | 22/27 | €1,065,563 | €1,003,829 | -€61,734 | -5.8% |
| Land and buildings | 22 | €1,026,666 | €971,373 | -€55,293 | -5.4% |
| Plant, machinery and equipment | 23 | €34,707 | €32,456 | -€2,251 | -6.5% |
| Furniture and vehicles | 24 | €4,190 | - | -€4,190 | |
| Current assets | 29/58 | €684,998 | €839,382 | +€154,385 | +22.5% |
| Stocks and contracts in progress | 3 | €113,075 | €150,175 | +€37,100 | +32.8% |
| Stocks | 30/36 | €113,075 | €150,175 | +€37,100 | +32.8% |
| Amounts receivable within one year | 40/41 | €308,513 | €397,824 | +€89,310 | +28.9% |
| Trade receivables | 40 | €66,699 | €157,500 | +€90,800 | +136.1% |
| Other amounts receivable | 41 | €241,814 | €240,324 | -€1,490 | -0.6% |
| Cash at bank and in hand | 54/58 | €240,624 | €260,938 | +€20,314 | +8.4% |
| Deferred charges and accrued income | 490/1 | €22,785 | €30,446 | +€7,660 | +33.6% |
| Total equity and liabilities | 10/49 | €1,750,561 | €1,843,212 | +€92,651 | +5.3% |
| Equity | 10/15 | €163,608 | €225,473 | +€61,865 | +37.8% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,608 | €170,473 | +€61,865 | +57.0% |
| Amounts payable | 17/49 | €1,586,953 | €1,617,739 | +€30,786 | +1.9% |
| Amounts payable within one year | 42/48 | €1,546,286 | €1,601,272 | +€54,986 | +3.6% |
| Trade debts | 44 | €41,996 | €54,111 | +€12,115 | +28.8% |
| Suppliers | 440/4 | €41,996 | €54,111 | +€12,115 | +28.8% |
| Advances received on contracts in progress | 46 | €4,800 | €8,150 | +€3,350 | +69.8% |
| Taxes, remuneration and social security | 45 | €1,263 | €20,417 | +€19,154 | +1517.0% |
| Taxes | 450/3 | €1,263 | €20,417 | +€19,154 | +1517.0% |
| Other amounts payable | 47/48 | €1,498,227 | €1,518,594 | +€20,367 | +1.4% |
| Accrued charges and deferred income | 492/3 | €40,667 | €16,467 | -€24,200 | -59.5% |
| Non-recurring operating income | 76A | - | €5,280 | +€5,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,705 | €82,224 | +€7,519 | +10.1% |
| Other operating charges | 640/8 | €9,839 | €8,680 | -€1,159 | -11.8% |
| Gross operating margin | 9900 | €168,928 | €190,103 | +€21,175 | +12.5% |
| Operating profit (loss) | 9901 | €84,384 | €99,199 | +€14,815 | +17.6% |
| Financial income | 75/76B | €93 | €1,035 | +€941 | +1008.3% |
| Recurring financial income | 75 | €93 | €1,035 | +€941 | +1008.3% |
| Financial charges | 65/66B | €43,763 | €38,370 | -€5,394 | -12.3% |
| Recurring financial charges | 65 | €43,763 | €38,370 | -€5,394 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €40,715 | €61,865 | +€21,150 | +51.9% |
| Profit (loss) for the period | 9904 | €40,715 | €61,865 | +€21,150 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,715 | €61,865 | +€21,150 | +51.9% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.