HACA Invest: what changed
What changed
HACA Invest
filed annual accounts (NBB)
Net result for the year
€36,448
2024 · €30,819+€5,629
Equity
€283,398
2024 · €246,950+€36,448
Cash
€23,582
2024 · €22,864+€717
Balance sheet total
€670,991
2024 · €694,069-€23,078
Largest movements
Assets
- Tangible fixed assets -€23,796
down €23,796 (-3.5%), from €670,478 to €646,682
of which Land and buildings: -€21,415
Equity and liabilities
- Profit (loss) carried forward +€36,448
up €36,448 (+21.2%), from €172,150 to €208,598
- Debts after one year -€27,141
down €27,141 (-9.2%), from €294,094 to €266,953
- Current portion of long-term debt -€21,530
down €21,530 (-44.2%), from €48,671 to €27,141
- Other debts -€10,823
down €10,823 (-10.9%), from €99,277 to €88,454
Income statement
- Gross operating margin +€5,311
up €5,311 (+6.1%), from €86,518 to €91,829
- Financial charges -€2,044
down €2,044 (-13.9%), from €14,719 to €12,675
- Taxes +€1,876
up €1,876 (+18.3%), from €10,273 to €12,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,819
Gross operating margin
+€5,311
Depreciation
+€243
Other operating charges
-€92
Financial charges
+€2,044
Taxes
-€1,876
Result 2025
€36,448
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€53,058
Investment
-€3,670
Financing
-€48,671
Cash 2024
€22,864
From operations (derived)
+€53,058
Net result for the year
+€36,448
Depreciation
+€27,465
Trade debts
+€304
Tax, wage and social debts
-€337
Other debts
-€10,823
Investment (derived)
-€3,670
Investment in fixed assets (net)
-€3,670
Financing
-€48,671
Debts after one year
-€27,141
Current portion of long-term debt
-€21,530
Cash 2025
€23,582
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,069 | €670,991 | -€23,078 | -3.3% |
| Fixed assets | 21/28 | €670,478 | €646,682 | -€23,796 | -3.5% |
| Tangible fixed assets | 22/27 | €670,478 | €646,682 | -€23,796 | -3.5% |
| Land and buildings | 22 | €668,097 | €646,682 | -€21,415 | -3.2% |
| Plant, machinery and equipment | 23 | €2,380 | - | -€2,380 | |
| Current assets | 29/58 | €23,591 | €24,309 | +€717 | +3.0% |
| Amounts receivable within one year | 40/41 | €727 | €727 | = | 0.0% |
| Other amounts receivable | 41 | €727 | €727 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,864 | €23,582 | +€717 | +3.1% |
| Total equity and liabilities | 10/49 | €694,069 | €670,991 | -€23,078 | -3.3% |
| Equity | 10/15 | €246,950 | €283,398 | +€36,448 | +14.8% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €6,800 | €6,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,800 | €6,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,150 | €208,598 | +€36,448 | +21.2% |
| Amounts payable | 17/49 | €447,119 | €387,592 | -€59,527 | -13.3% |
| Amounts payable after more than one year | 17 | €294,094 | €266,953 | -€27,141 | -9.2% |
| Financial debts | 170/4 | €294,094 | €266,953 | -€27,141 | -9.2% |
| Amounts payable within one year | 42/48 | €153,025 | €120,639 | -€32,386 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €48,671 | €27,141 | -€21,530 | -44.2% |
| Trade debts | 44 | €682 | €986 | +€304 | +44.6% |
| Suppliers | 440/4 | €682 | €986 | +€304 | +44.6% |
| Taxes, remuneration and social security | 45 | €4,396 | €4,058 | -€337 | -7.7% |
| Taxes | 450/3 | €4,396 | €4,058 | -€337 | -7.7% |
| Other amounts payable | 47/48 | €99,277 | €88,454 | -€10,823 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,709 | €27,465 | -€243 | -0.9% |
| Other operating charges | 640/8 | €2,998 | €3,090 | +€92 | +3.1% |
| Gross operating margin | 9900 | €86,518 | €91,829 | +€5,311 | +6.1% |
| Operating profit (loss) | 9901 | €55,811 | €61,273 | +€5,462 | +9.8% |
| Financial charges | 65/66B | €14,719 | €12,675 | -€2,044 | -13.9% |
| Recurring financial charges | 65 | €14,719 | €12,675 | -€2,044 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €41,092 | €48,598 | +€7,505 | +18.3% |
| Income taxes | 67/77 | €10,273 | €12,149 | +€1,876 | +18.3% |
| Profit (loss) for the period | 9904 | €30,819 | €36,448 | +€5,629 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,819 | €36,448 | +€5,629 | +18.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.