HAAX: 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.
HAAX
Largest movements
- Tangible fixed assets -€7,043
down €7,043 (-28.6%), from €24,651 to €17,608
of which Land and buildings: -€24,651
- Cash -€5,652
no longer reported in 2025 (was €5,652)
mainly Net result for the year (-€18,435) and Receivables within one year (-€326)
- Receivables within one year +€326
new in 2025: €326
- Profit (loss) carried forward -€18,435
new in 2025: -€18,435
- Trade debts +€2,812
up €2,812 (+303.7%), from €926 to €3,738
- Short-term financial debts +€2,739
new in 2025: €2,739
- Other debts +€707
up €707 (+7.9%), from €8,996 to €9,702
- Gross operating margin -€14,170
down €14,170, from €7,699 to -€6,470
- Depreciation +€3,522
up €3,522 (+100.0%), from €3,522 to €7,043
- Taxes +€1,750
new in 2025: €1,750
- Other operating charges +€1,569
up €1,569 (+100.8%), from €1,557 to €3,125
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 | €30,304 | €17,934 | -€12,370 | -40.8% |
| Fixed assets | 21/28 | €24,651 | €17,608 | -€7,043 | -28.6% |
| Tangible fixed assets | 22/27 | €24,651 | €17,608 | -€7,043 | -28.6% |
| Land and buildings | 22 | €24,651 | - | -€24,651 | |
| Furniture and vehicles | 24 | - | €17,608 | +€17,608 | |
| Current assets | 29/58 | €5,652 | €326 | -€5,327 | -94.2% |
| Amounts receivable within one year | 40/41 | - | €326 | +€326 | |
| Other amounts receivable | 41 | - | €326 | +€326 | |
| Cash at bank and in hand | 54/58 | €5,652 | - | -€5,652 | |
| Total equity and liabilities | 10/49 | €30,304 | €17,934 | -€12,370 | -40.8% |
| Equity | 10/15 | €20,190 | €1,755 | -€18,435 | -91.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,590 | €1,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,590 | €1,590 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,590 | €1,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,435 | -€18,435 | |
| Amounts payable | 17/49 | €10,114 | €16,179 | +€6,065 | +60.0% |
| Amounts payable within one year | 42/48 | €10,114 | €16,179 | +€6,065 | +60.0% |
| Financial debts | 43 | - | €2,739 | +€2,739 | |
| Credit institutions | 430/8 | - | €2,739 | +€2,739 | |
| Trade debts | 44 | €926 | €3,738 | +€2,812 | +303.7% |
| Suppliers | 440/4 | €926 | €3,738 | +€2,812 | +303.7% |
| Taxes, remuneration and social security | 45 | €192 | - | -€192 | |
| Taxes | 450/3 | €192 | - | -€192 | |
| Other amounts payable | 47/48 | €8,996 | €9,702 | +€707 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,522 | €7,043 | +€3,522 | +100.0% |
| Other operating charges | 640/8 | €1,557 | €3,125 | +€1,569 | +100.8% |
| Gross operating margin | 9900 | €7,699 | -€6,470 | -€14,170 | |
| Operating profit (loss) | 9901 | €2,621 | -€16,639 | -€19,260 | |
| Financial charges | 65/66B | €41 | €46 | +€5 | +12.9% |
| Recurring financial charges | 65 | €41 | €46 | +€5 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €2,580 | -€16,685 | -€19,265 | |
| Income taxes | 67/77 | - | €1,750 | +€1,750 | |
| Profit (loss) for the period | 9904 | €2,580 | -€18,435 | -€21,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,580 | -€18,435 | -€21,015 |
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 9 October 2026 via checked.be.