HACHTAR: 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.
HACHTAR
Largest movements
- Tangible fixed assets -€36,591
down €36,591 (-27.0%), from €135,384 to €98,793
of which Furniture and vehicles: -€36,591
- Receivables within one year +€16,496
up €16,496 (+13.0%), from €126,765 to €143,261
of which Trade receivables: +€25,314
- Cash -€4,997
down €4,997 (-44.1%), from €11,334 to €6,337
mainly Other debts (-€64,840) and Current portion of long-term debt (-€17,271)
- Other debts -€64,840
down €64,840 (-89.1%), from €72,752 to €7,912
- Debts after one year +€33,109
up €33,109 (+98.1%), from €33,756 to €66,865
of which Other amounts payable: +€39,500
- Current portion of long-term debt -€17,271
down €17,271 (-73.0%), from €23,662 to €6,391
- Profit (loss) carried forward +€13,127
up €13,127 (+16.0%), from €81,860 to €94,987
- Trade debts +€7,261
up €7,261 (+35.8%), from €20,300 to €27,562
- Turnover +€199,838
up €199,838 (+83.6%), from €238,914 to €438,751
- Purchases and services +€166,356
up €166,356 (+107.8%), from €154,376 to €320,732
- Depreciation +€40,994
new in 2025: €40,994
- Gross operating margin +€36,292
up €36,292 (+43.0%), from €84,494 to €120,786
- Staff costs +€13,661
up €13,661 (+31.3%), from €43,627 to €57,288
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 | €273,967 | €248,875 | -€25,092 | -9.2% |
| Fixed assets | 21/28 | €135,868 | €99,277 | -€36,591 | -26.9% |
| Tangible fixed assets | 22/27 | €135,384 | €98,793 | -€36,591 | -27.0% |
| Furniture and vehicles | 24 | €133,581 | €96,990 | -€36,591 | -27.4% |
| Other tangible fixed assets | 26 | €1,803 | €1,803 | = | 0.0% |
| Financial fixed assets | 28 | €484 | €484 | = | 0.0% |
| Current assets | 29/58 | €138,099 | €149,598 | +€11,499 | +8.3% |
| Amounts receivable within one year | 40/41 | €126,765 | €143,261 | +€16,496 | +13.0% |
| Trade receivables | 40 | €116,736 | €142,050 | +€25,314 | +21.7% |
| Other amounts receivable | 41 | €10,029 | €1,211 | -€8,818 | -87.9% |
| Cash at bank and in hand | 54/58 | €11,334 | €6,337 | -€4,997 | -44.1% |
| Total equity and liabilities | 10/49 | €273,967 | €248,875 | -€25,092 | -9.2% |
| Equity | 10/15 | €102,320 | €115,447 | +€13,127 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,860 | €94,987 | +€13,127 | +16.0% |
| Amounts payable | 17/49 | €171,647 | €133,428 | -€38,219 | -22.3% |
| Amounts payable after more than one year | 17 | €33,756 | €66,865 | +€33,109 | +98.1% |
| Financial debts | 170/4 | €33,756 | €27,365 | -€6,391 | -18.9% |
| Other amounts payable | 178/9 | - | €39,500 | +€39,500 | |
| Amounts payable within one year | 42/48 | €137,891 | €66,563 | -€71,328 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €23,662 | €6,391 | -€17,271 | -73.0% |
| Trade debts | 44 | €20,300 | €27,562 | +€7,261 | +35.8% |
| Suppliers | 440/4 | €20,300 | €27,562 | +€7,261 | +35.8% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,677 | €23,198 | +€3,521 | +17.9% |
| Taxes | 450/3 | €5,648 | €5,834 | +€186 | +3.3% |
| Remuneration and social security | 454/9 | €14,029 | €17,364 | +€3,335 | +23.8% |
| Other amounts payable | 47/48 | €72,752 | €7,912 | -€64,840 | -89.1% |
| Turnover | 70 | €238,914 | €438,751 | +€199,838 | +83.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,376 | €320,732 | +€166,356 | +107.8% |
| Remuneration, social security and pensions | 62 | €43,627 | €57,288 | +€13,661 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €40,994 | +€40,994 | |
| Other operating charges | 640/8 | €5,838 | €6,892 | +€1,054 | +18.1% |
| Non-recurring operating charges | 66A | €22,607 | - | -€22,607 | |
| Gross operating margin | 9900 | €84,494 | €120,786 | +€36,292 | +43.0% |
| Operating profit (loss) | 9901 | €12,423 | €15,612 | +€3,189 | +25.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -18.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -18.8% |
| Financial charges | 65/66B | €202 | €2,485 | +€2,283 | +1128.6% |
| Recurring financial charges | 65 | €202 | €2,485 | +€2,283 | +1128.6% |
| Profit (loss) for the period before taxes | 9903 | €12,221 | €13,127 | +€906 | +7.4% |
| Profit (loss) for the period | 9904 | €12,221 | €13,127 | +€906 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,221 | €13,127 | +€906 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.