HAC WEEKBLAD: 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.
HAC WEEKBLAD
Largest movements
- Tangible fixed assets -€21,555
down €21,555 (-7.7%), from €279,470 to €257,915
of which Land and buildings: -€17,896
- Cash +€20,906
up €20,906 (+17.6%), from €118,841 to €139,747
mainly Depreciation (+€20,717) and Net result for the year (+€18,125)
- Debts after one year -€16,534
down €16,534 (-6.2%), from €265,516 to €248,983
- Reserves +€15,000
up €15,000 (+47.1%), from €31,860 to €46,860
of which Distributable reserves: +€15,000
- Gross operating margin -€14,049
down €14,049 (-6.3%), from €224,141 to €210,092
- Staff costs +€10,742
up €10,742 (+7.2%), from €149,072 to €159,814
- Taxes -€4,027
down €4,027 (-29.8%), from €13,506 to €9,479
- Depreciation -€3,096
down €3,096 (-13.0%), from €23,813 to €20,717
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 | €493,572 | €494,301 | +€730 | +0.1% |
| Fixed assets | 21/28 | €279,740 | €257,915 | -€21,825 | -7.8% |
| Intangible fixed assets | 21 | €270 | €0 | -€270 | -100% |
| Tangible fixed assets | 22/27 | €279,470 | €257,915 | -€21,555 | -7.7% |
| Land and buildings | 22 | €269,441 | €251,545 | -€17,896 | -6.6% |
| Plant, machinery and equipment | 23 | €1,893 | €1,444 | -€449 | -23.7% |
| Furniture and vehicles | 24 | €8,137 | €4,927 | -€3,210 | -39.5% |
| Current assets | 29/58 | €213,831 | €236,386 | +€22,555 | +10.5% |
| Amounts receivable within one year | 40/41 | €92,449 | €94,551 | +€2,101 | +2.3% |
| Trade receivables | 40 | €61,656 | €51,084 | -€10,572 | -17.1% |
| Other amounts receivable | 41 | €30,793 | €43,467 | +€12,673 | +41.2% |
| Cash at bank and in hand | 54/58 | €118,841 | €139,747 | +€20,906 | +17.6% |
| Deferred charges and accrued income | 490/1 | €2,541 | €2,089 | -€452 | -17.8% |
| Total equity and liabilities | 10/49 | €493,572 | €494,301 | +€730 | +0.1% |
| Equity | 10/15 | €144,865 | €162,990 | +€18,125 | +12.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €31,860 | €46,860 | +€15,000 | +47.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Profit (loss) carried forward | 14 | €98,005 | €101,130 | +€3,125 | +3.2% |
| Amounts payable | 17/49 | €348,706 | €331,311 | -€17,395 | -5.0% |
| Amounts payable after more than one year | 17 | €265,516 | €248,983 | -€16,534 | -6.2% |
| Financial debts | 170/4 | €265,516 | €248,983 | -€16,534 | -6.2% |
| Amounts payable within one year | 42/48 | €83,190 | €82,328 | -€862 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €19,736 | €16,534 | -€3,202 | -16.2% |
| Trade debts | 44 | €22,866 | €23,540 | +€674 | +2.9% |
| Suppliers | 440/4 | €22,866 | €23,540 | +€674 | +2.9% |
| Taxes, remuneration and social security | 45 | €40,589 | €42,255 | +€1,666 | +4.1% |
| Taxes | 450/3 | €7,612 | €7,416 | -€196 | -2.6% |
| Remuneration and social security | 454/9 | €32,977 | €34,839 | +€1,862 | +5.6% |
| Remuneration, social security and pensions | 62 | €149,072 | €159,814 | +€10,742 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,813 | €20,717 | -€3,096 | -13.0% |
| Other operating charges | 640/8 | €4,380 | €3,637 | -€743 | -17.0% |
| Gross operating margin | 9900 | €224,141 | €210,092 | -€14,049 | -6.3% |
| Operating profit (loss) | 9901 | €46,876 | €25,924 | -€20,952 | -44.7% |
| Financial income | 75/76B | €5,013 | €4,579 | -€434 | -8.7% |
| Recurring financial income | 75 | €5,013 | €4,579 | -€434 | -8.7% |
| Financial charges | 65/66B | €2,821 | €2,898 | +€77 | +2.7% |
| Recurring financial charges | 65 | €2,821 | €2,898 | +€77 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €49,067 | €27,604 | -€21,463 | -43.7% |
| Income taxes | 67/77 | €13,506 | €9,479 | -€4,027 | -29.8% |
| Profit (loss) for the period | 9904 | €35,561 | €18,125 | -€17,436 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,561 | €18,125 | -€17,436 | -49.0% |
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 24 October 2026 via checked.be.