HACA: 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.
HACA
Largest movements
- Current investments +€20,074
new in 2025: €20,074
- Deferred charges and accrued income -€7,049
down €7,049 (-98.3%), from €7,169 to €120
- Cash -€5,436
down €5,436 (-16.7%), from €32,580 to €27,144
mainly Current investments (-€20,074) and Tax, wage and social debts (-€6,391)
- Intangible fixed assets -€5,000
down €5,000 (-78.6%), from €6,361 to €1,361
- Receivables within one year -€3,535
down €3,535 (-11.1%), from €31,925 to €28,390
of which Trade receivables: -€13,403
- Trade debts +€7,048
up €7,048 (+229.4%), from €3,073 to €10,121
- Tax, wage and social debts -€6,391
down €6,391 (-54.5%), from €11,725 to €5,334
- Profit (loss) carried forward -€3,983
down €3,983, from €108 to -€3,875
- Gross operating margin -€52,243
down €52,243 (-92.5%), from €56,500 to €4,256
- Taxes -€13,397
down €13,397 (-99.0%), from €13,529 to €133
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 | €81,339 | €78,702 | -€2,637 | -3.2% |
| Fixed assets | 21/28 | €9,665 | €2,974 | -€6,691 | -69.2% |
| Intangible fixed assets | 21 | €6,361 | €1,361 | -€5,000 | -78.6% |
| Tangible fixed assets | 22/27 | €3,304 | €1,613 | -€1,691 | -51.2% |
| Plant, machinery and equipment | 23 | €3,304 | €1,613 | -€1,691 | -51.2% |
| Current assets | 29/58 | €71,674 | €75,727 | +€4,053 | +5.7% |
| Amounts receivable within one year | 40/41 | €31,925 | €28,390 | -€3,535 | -11.1% |
| Trade receivables | 40 | €31,925 | €18,523 | -€13,403 | -42.0% |
| Other amounts receivable | 41 | - | €9,868 | +€9,868 | |
| Current investments | 50/53 | - | €20,074 | +€20,074 | |
| Cash at bank and in hand | 54/58 | €32,580 | €27,144 | -€5,436 | -16.7% |
| Deferred charges and accrued income | 490/1 | €7,169 | €120 | -€7,049 | -98.3% |
| Total equity and liabilities | 10/49 | €81,339 | €78,702 | -€2,637 | -3.2% |
| Equity | 10/15 | €66,365 | €62,383 | -€3,983 | -6.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €59,257 | €59,257 | = | 0.0% |
| Distributable reserves | 133 | €59,257 | €59,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108 | -€3,875 | -€3,983 | |
| Amounts payable | 17/49 | €14,974 | €16,319 | +€1,345 | +9.0% |
| Amounts payable within one year | 42/48 | €14,974 | €16,319 | +€1,345 | +9.0% |
| Trade debts | 44 | €3,073 | €10,121 | +€7,048 | +229.4% |
| Suppliers | 440/4 | €3,073 | €10,121 | +€7,048 | +229.4% |
| Taxes, remuneration and social security | 45 | €11,725 | €5,334 | -€6,391 | -54.5% |
| Taxes | 450/3 | €11,725 | €5,334 | -€6,391 | -54.5% |
| Other amounts payable | 47/48 | €176 | €864 | +€688 | +392.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,382 | €6,691 | +€309 | +4.8% |
| Other operating charges | 640/8 | €354 | €310 | -€44 | -12.5% |
| Gross operating margin | 9900 | €56,500 | €4,256 | -€52,243 | -92.5% |
| Operating profit (loss) | 9901 | €49,764 | -€2,744 | -€52,508 | |
| Financial income | 75/76B | €8 | €15 | +€7 | +83.2% |
| Recurring financial income | 75 | €8 | €15 | +€7 | +83.2% |
| Financial charges | 65/66B | €1,445 | €1,121 | -€324 | -22.4% |
| Recurring financial charges | 65 | €1,445 | €1,121 | -€324 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €48,327 | -€3,850 | -€52,177 | |
| Income taxes | 67/77 | €13,529 | €133 | -€13,397 | -99.0% |
| Profit (loss) for the period | 9904 | €34,798 | -€3,983 | -€38,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,798 | -€3,983 | -€38,781 |
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 7 October 2026 via checked.be.