HaCeCo-T: 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.
HaCeCo-T
Largest movements
- Cash +€250,016
up €250,016 (+21.5%), from €1.2m to €1.4m
mainly Net result for the year (+€548,236) and Receivables within one year (+€153,290)
- Receivables within one year -€153,290
down €153,290 (-36.9%), from €415,030 to €261,740
of which Trade receivables: -€117,306
- Reserves +€120,236
up €120,236 (+5.1%), from €2.4m to €2.5m
of which Distributable reserves: +€120,236
- Gross operating margin -€156,345
down €156,345 (-13.1%), from €1.2m to €1.0m
- Staff costs -€38,495
down €38,495 (-22.1%), from €173,909 to €135,414
- Taxes -€36,422
down €36,422 (-12.6%), from €288,573 to €252,151
- Financial income +€16,229
up €16,229 (+327%), from €4,960 to €21,190
of which Financial income: +€16,543
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 | €3,053,175 | €3,133,861 | +€80,686 | +2.6% |
| Fixed assets | 21/28 | €1,370,032 | €1,353,991 | -€16,040 | -1.2% |
| Tangible fixed assets | 22/27 | €1,370,032 | €1,353,991 | -€16,040 | -1.2% |
| Land and buildings | 22 | €1,279,948 | €1,252,883 | -€27,065 | -2.1% |
| Plant, machinery and equipment | 23 | €13,396 | €11,437 | -€1,959 | -14.6% |
| Furniture and vehicles | 24 | €76,687 | €89,670 | +€12,983 | +16.9% |
| Current assets | 29/58 | €1,683,144 | €1,779,870 | +€96,726 | +5.7% |
| Amounts receivable within one year | 40/41 | €415,030 | €261,740 | -€153,290 | -36.9% |
| Trade receivables | 40 | €314,709 | €197,403 | -€117,306 | -37.3% |
| Other amounts receivable | 41 | €100,321 | €64,337 | -€35,984 | -35.9% |
| Current investments | 50/53 | €103,960 | €103,960 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,164,154 | €1,414,170 | +€250,016 | +21.5% |
| Total equity and liabilities | 10/49 | €3,053,175 | €3,133,861 | +€80,686 | +2.6% |
| Equity | 10/15 | €2,362,833 | €2,483,069 | +€120,236 | +5.1% |
| Contributions | 10/11 | €6,440 | €6,440 | = | 0.0% |
| Reserves | 13 | €2,356,392 | €2,476,629 | +€120,236 | +5.1% |
| Tax-exempt reserves | 132 | €77 | €77 | = | 0.0% |
| Distributable reserves | 133 | €2,356,315 | €2,476,552 | +€120,236 | +5.1% |
| Amounts payable | 17/49 | €690,343 | €650,792 | -€39,551 | -5.7% |
| Amounts payable within one year | 42/48 | €690,343 | €650,792 | -€39,551 | -5.7% |
| Trade debts | 44 | €116,569 | €96,714 | -€19,855 | -17.0% |
| Suppliers | 440/4 | €116,569 | €96,714 | -€19,855 | -17.0% |
| Taxes, remuneration and social security | 45 | €84,259 | €54,012 | -€30,247 | -35.9% |
| Taxes | 450/3 | €84,259 | €38,402 | -€45,857 | -54.4% |
| Remuneration and social security | 454/9 | - | €15,610 | +€15,610 | |
| Other amounts payable | 47/48 | €489,514 | €500,066 | +€10,551 | +2.2% |
| Non-recurring operating income | 76A | - | €15,390 | +€15,390 | |
| Remuneration, social security and pensions | 62 | €173,909 | €135,414 | -€38,495 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,140 | €86,573 | +€11,433 | +15.2% |
| Other operating charges | 640/8 | €4,964 | €4,464 | -€500 | -10.1% |
| Gross operating margin | 9900 | €1,197,501 | €1,041,156 | -€156,345 | -13.1% |
| Operating profit (loss) | 9901 | €943,488 | €814,704 | -€128,784 | -13.6% |
| Financial income | 75/76B | €4,960 | €21,190 | +€16,229 | +327% |
| Recurring financial income | 75 | €4,647 | €21,190 | +€16,543 | +356% |
| Non-recurring financial income | 76B | €314 | - | -€314 | |
| Financial charges | 65/66B | €25,978 | €35,507 | +€9,528 | +36.7% |
| Recurring financial charges | 65 | €25,978 | €35,507 | +€9,528 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €922,470 | €800,387 | -€122,083 | -13.2% |
| Income taxes | 67/77 | €288,573 | €252,151 | -€36,422 | -12.6% |
| Profit (loss) for the period | 9904 | €633,897 | €548,236 | -€85,661 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €633,897 | €548,236 | -€85,661 | -13.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.