Hacar: 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.
Hacar
Largest movements
- Cash -€26,774
down €26,774 (-50.4%), from €53,147 to €26,373
mainly Investment in fixed assets (net) (-€30,112) and Receivables after one year (-€11,660)
- Receivables after one year +€11,660
new in 2025: €11,660
- Tangible fixed assets +€9,893
up €9,893 (+3.8%), from €258,101 to €267,994
of which Plant, machinery and equipment: +€12,053
- Receivables within one year +€6,954
new in 2025: €6,954
- Profit (loss) carried forward +€12,618
up €12,618 (+10.2%), from €123,681 to €136,300
- Other debts -€5,208
down €5,208 (-4.8%), from €107,533 to €102,325
- Gross operating margin -€4,442
down €4,442 (-9.7%), from €45,749 to €41,307
- Depreciation +€2,880
up €2,880 (+16.6%), from €17,339 to €20,219
- Other operating charges -€516
down €516 (-11.3%), from €4,576 to €4,060
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 | €311,748 | €313,481 | +€1,733 | +0.6% |
| Fixed assets | 21/28 | €258,101 | €267,994 | +€9,893 | +3.8% |
| Tangible fixed assets | 22/27 | €258,101 | €267,994 | +€9,893 | +3.8% |
| Land and buildings | 22 | €102,250 | €100,240 | -€2,010 | -2.0% |
| Plant, machinery and equipment | 23 | €155,545 | €167,598 | +€12,053 | +7.7% |
| Furniture and vehicles | 24 | €306 | €156 | -€150 | -49.0% |
| Current assets | 29/58 | €53,647 | €45,487 | -€8,160 | -15.2% |
| Amounts receivable after more than one year | 29 | - | €11,660 | +€11,660 | |
| Other amounts receivable | 291 | - | €11,660 | +€11,660 | |
| Amounts receivable within one year | 40/41 | - | €6,954 | +€6,954 | |
| Other amounts receivable | 41 | - | €6,954 | +€6,954 | |
| Cash at bank and in hand | 54/58 | €53,147 | €26,373 | -€26,774 | -50.4% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €311,748 | €313,481 | +€1,733 | +0.6% |
| Equity | 10/15 | €191,881 | €204,500 | +€12,618 | +6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,681 | €136,300 | +€12,618 | +10.2% |
| Amounts payable | 17/49 | €119,866 | €108,981 | -€10,886 | -9.1% |
| Amounts payable within one year | 42/48 | €115,811 | €105,500 | -€10,311 | -8.9% |
| Trade debts | 44 | €6,278 | €3,175 | -€3,103 | -49.4% |
| Suppliers | 440/4 | €6,278 | €3,175 | -€3,103 | -49.4% |
| Taxes, remuneration and social security | 45 | €2,000 | - | -€2,000 | |
| Taxes | 450/3 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €107,533 | €102,325 | -€5,208 | -4.8% |
| Accrued charges and deferred income | 492/3 | €4,055 | €3,481 | -€575 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,339 | €20,219 | +€2,880 | +16.6% |
| Other operating charges | 640/8 | €4,576 | €4,060 | -€516 | -11.3% |
| Gross operating margin | 9900 | €45,749 | €41,307 | -€4,442 | -9.7% |
| Operating profit (loss) | 9901 | €23,834 | €17,028 | -€6,806 | -28.6% |
| Financial income | 75/76B | €110 | €451 | +€340 | +309.3% |
| Recurring financial income | 75 | €110 | €451 | +€340 | +309.3% |
| Financial charges | 65/66B | €47 | €45 | -€3 | -5.3% |
| Recurring financial charges | 65 | €47 | €45 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €23,897 | €17,434 | -€6,463 | -27.0% |
| Income taxes | 67/77 | €4,460 | €4,816 | +€355 | +8.0% |
| Profit (loss) for the period | 9904 | €19,437 | €12,618 | -€6,818 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,437 | €12,618 | -€6,818 | -35.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.