HACARI: 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.
HACARI
Largest movements
- Receivables within one year -€1,051
down €1,051 (-66.9%), from €1,570 to €519
of which Trade receivables: -€1,148
- Stocks and contracts -€507
down €507 (-44.7%), from €1,135 to €628
- Profit (loss) carried forward -€5,750
down €5,750 (-7.8%), from -€73,974 to -€79,724
- Tax, wage and social debts -€4,849
down €4,849 (-52.2%), from €9,285 to €4,435
of which Taxes: -€4,274
- Trade debts +€4,020
up €4,020 (+68.3%), from €5,887 to €9,907
- Debts after one year +€3,713
up €3,713 (+45.6%), from €8,138 to €11,851
- Short-term financial debts +€873
up €873 (+6.5%), from €13,473 to €14,346
of which Other loans: +€1,724
- Staff costs -€4,706
no longer reported in 2025 (was €4,706)
- Gross operating margin -€1,966
down €1,966 (-27.2%), from €7,220 to €5,255
- Financial charges +€606
up €606 (+13.8%), from €4,389 to €4,995
- Financial income +€128
up €128 (+336%), from €38 to €166
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 | €31,697 | €29,714 | -€1,984 | -6.3% |
| Fixed assets | 21/28 | €16,483 | €16,302 | -€180 | -1.1% |
| Tangible fixed assets | 22/27 | €933 | €752 | -€180 | -19.3% |
| Plant, machinery and equipment | 23 | €447 | €455 | +€8 | +1.8% |
| Furniture and vehicles | 24 | €485 | €297 | -€188 | -38.8% |
| Financial fixed assets | 28 | €15,550 | €15,550 | = | 0.0% |
| Current assets | 29/58 | €15,215 | €13,411 | -€1,803 | -11.9% |
| Stocks and contracts in progress | 3 | €1,135 | €628 | -€507 | -44.7% |
| Stocks | 30/36 | €1,135 | €628 | -€507 | -44.7% |
| Amounts receivable within one year | 40/41 | €1,570 | €519 | -€1,051 | -66.9% |
| Trade receivables | 40 | €1,361 | €214 | -€1,148 | -84.3% |
| Other amounts receivable | 41 | €209 | €306 | +€97 | +46.2% |
| Cash at bank and in hand | 54/58 | €11,092 | €10,820 | -€272 | -2.5% |
| Deferred charges and accrued income | 490/1 | €1,417 | €1,444 | +€27 | +1.9% |
| Total equity and liabilities | 10/49 | €31,697 | €29,714 | -€1,984 | -6.3% |
| Equity | 10/15 | -€5,374 | -€11,124 | -€5,750 | -107% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,974 | -€79,724 | -€5,750 | -7.8% |
| Amounts payable | 17/49 | €37,072 | €40,838 | +€3,766 | +10.2% |
| Amounts payable after more than one year | 17 | €8,138 | €11,851 | +€3,713 | +45.6% |
| Other amounts payable | 178/9 | €8,138 | €11,851 | +€3,713 | +45.6% |
| Amounts payable within one year | 42/48 | €28,645 | €28,688 | +€43 | +0.2% |
| Financial debts | 43 | €13,473 | €14,346 | +€873 | +6.5% |
| Credit institutions | 430/8 | €9,437 | €8,585 | -€851 | -9.0% |
| Other loans | 439 | €4,036 | €5,761 | +€1,724 | +42.7% |
| Trade debts | 44 | €5,887 | €9,907 | +€4,020 | +68.3% |
| Suppliers | 440/4 | €5,887 | €9,907 | +€4,020 | +68.3% |
| Taxes, remuneration and social security | 45 | €9,285 | €4,435 | -€4,849 | -52.2% |
| Taxes | 450/3 | €8,710 | €4,435 | -€4,274 | -49.1% |
| Remuneration and social security | 454/9 | €575 | - | -€575 | |
| Accrued charges and deferred income | 492/3 | €289 | €299 | +€10 | +3.5% |
| Remuneration, social security and pensions | 62 | €4,706 | - | -€4,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €545 | +€7 | +1.4% |
| Other operating charges | 640/8 | €5,273 | €5,341 | +€68 | +1.3% |
| Non-recurring operating charges | 66A | - | €290 | +€290 | |
| Gross operating margin | 9900 | €7,220 | €5,255 | -€1,966 | -27.2% |
| Operating profit (loss) | 9901 | -€3,296 | -€921 | +€2,374 | +72.0% |
| Financial income | 75/76B | €38 | €166 | +€128 | +336% |
| Recurring financial income | 75 | €38 | €166 | +€128 | +336% |
| Financial charges | 65/66B | €4,389 | €4,995 | +€606 | +13.8% |
| Recurring financial charges | 65 | €4,389 | €4,995 | +€606 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,647 | -€5,750 | +€1,897 | +24.8% |
| Profit (loss) for the period | 9904 | -€7,647 | -€5,750 | +€1,897 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,647 | -€5,750 | +€1,897 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.