HACHAD: 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.
HACHAD
Largest movements
- Receivables within one year +€8,580
up €8,580 (+125.3%), from €6,845 to €15,425
of which Other amounts receivable: +€8,338
- Cash -€966
down €966 (-87.8%), from €1,100 to €134
mainly Receivables within one year (-€8,580) and Investment in fixed assets (net) (-€969)
- Deferred charges and accrued income -€479
no longer reported in 2025 (was €479)
- Tangible fixed assets +€448
up €448 (+62.3%), from €719 to €1,167
- Profit (loss) carried forward +€7,737
up €7,737 (+73.1%), from -€10,579 to -€2,842
- Short-term financial debts -€219
no longer reported in 2025 (was €219)
- Contributions +€210
up €210 (+1.1%), from €18,390 to €18,600
- Gross operating margin +€8,802
up €8,802, from -€31 to €8,771
- Depreciation +€521
new in 2025: €521
- Other operating charges -€162
down €162 (-50.2%), from €323 to €161
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 | €9,143 | €16,726 | +€7,583 | +82.9% |
| Fixed assets | 21/28 | €719 | €1,167 | +€448 | +62.3% |
| Tangible fixed assets | 22/27 | €719 | €1,167 | +€448 | +62.3% |
| Furniture and vehicles | 24 | €719 | €1,167 | +€448 | +62.3% |
| Current assets | 29/58 | €8,424 | €15,559 | +€7,135 | +84.7% |
| Amounts receivable within one year | 40/41 | €6,845 | €15,425 | +€8,580 | +125.3% |
| Trade receivables | 40 | €261 | €503 | +€242 | +92.7% |
| Other amounts receivable | 41 | €6,584 | €14,922 | +€8,338 | +126.6% |
| Cash at bank and in hand | 54/58 | €1,100 | €134 | -€966 | -87.8% |
| Deferred charges and accrued income | 490/1 | €479 | - | -€479 | |
| Total equity and liabilities | 10/49 | €9,143 | €16,726 | +€7,583 | +82.9% |
| Equity | 10/15 | €7,811 | €15,758 | +€7,947 | +101.7% |
| Contributions | 10/11 | €18,390 | €18,600 | +€210 | +1.1% |
| Profit (loss) carried forward | 14 | -€10,579 | -€2,842 | +€7,737 | +73.1% |
| Amounts payable | 17/49 | €1,332 | €968 | -€364 | -27.3% |
| Amounts payable within one year | 42/48 | €1,332 | €968 | -€364 | -27.3% |
| Financial debts | 43 | €219 | - | -€219 | |
| Credit institutions | 430/8 | €219 | - | -€219 | |
| Trade debts | 44 | €1,113 | €968 | -€145 | -13.0% |
| Suppliers | 440/4 | €1,113 | €968 | -€145 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €521 | +€521 | |
| Other operating charges | 640/8 | €323 | €161 | -€162 | -50.2% |
| Gross operating margin | 9900 | -€31 | €8,771 | +€8,802 | |
| Operating profit (loss) | 9901 | -€354 | €8,089 | +€8,443 | |
| Financial charges | 65/66B | €419 | €352 | -€67 | -16.0% |
| Recurring financial charges | 65 | €419 | €352 | -€67 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€773 | €7,737 | +€8,510 | |
| Income taxes | 67/77 | €58 | - | -€58 | |
| Profit (loss) for the period | 9904 | -€831 | €7,737 | +€8,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€831 | €7,737 | +€8,568 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.