Hacienda: 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.
Hacienda
Largest movements
- Tangible fixed assets -€11,167
down €11,167 (-3.6%), from €310,204 to €299,037
- Cash +€4,767
up €4,767 (+42.6%), from €11,185 to €15,952
mainly Depreciation (+€11,167) and Trade debts (+€28)
- Profit (loss) carried forward -€5,621
down €5,621 (-4.1%), from €137,867 to €132,246
- Gross operating margin +€9,471
up €9,471, from -€1,485 to €7,986
- Other operating charges -€100
down €100 (-5.9%), from €1,700 to €1,600
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 | €321,610 | €315,217 | -€6,393 | -2.0% |
| Fixed assets | 21/28 | €310,204 | €299,037 | -€11,167 | -3.6% |
| Tangible fixed assets | 22/27 | €310,204 | €299,037 | -€11,167 | -3.6% |
| Land and buildings | 22 | €310,204 | €299,037 | -€11,167 | -3.6% |
| Current assets | 29/58 | €11,406 | €16,180 | +€4,774 | +41.9% |
| Cash at bank and in hand | 54/58 | €11,185 | €15,952 | +€4,767 | +42.6% |
| Deferred charges and accrued income | 490/1 | €221 | €228 | +€7 | +3.2% |
| Total equity and liabilities | 10/49 | €321,610 | €315,217 | -€6,393 | -2.0% |
| Equity | 10/15 | €223,690 | €218,069 | -€5,621 | -2.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €24,323 | €24,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,323 | €24,323 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,823 | +€1,823 | |
| Other | 1319 | €1,823 | - | -€1,823 | |
| Profit (loss) carried forward | 14 | €137,867 | €132,246 | -€5,621 | -4.1% |
| Amounts payable | 17/49 | €97,920 | €97,148 | -€772 | -0.8% |
| Amounts payable after more than one year | 17 | €85,500 | €85,500 | = | 0.0% |
| Financial debts | 170/4 | €85,500 | €85,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,017 | €11,045 | +€28 | +0.3% |
| Trade debts | 44 | €1,517 | €1,545 | +€28 | +1.8% |
| Suppliers | 440/4 | €1,517 | €1,545 | +€28 | +1.8% |
| Other amounts payable | 47/48 | €9,500 | €9,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,403 | €603 | -€800 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,167 | €11,167 | = | 0.0% |
| Other operating charges | 640/8 | €1,700 | €1,600 | -€100 | -5.9% |
| Gross operating margin | 9900 | -€1,485 | €7,986 | +€9,471 | |
| Operating profit (loss) | 9901 | -€14,352 | -€4,780 | +€9,571 | +66.7% |
| Financial charges | 65/66B | €836 | €841 | +€5 | +0.6% |
| Recurring financial charges | 65 | €836 | €841 | +€5 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,188 | -€5,621 | +€9,567 | +63.0% |
| Profit (loss) for the period | 9904 | -€15,188 | -€5,621 | +€9,567 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,188 | -€5,621 | +€9,567 | +63.0% |
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 26 October 2026 via checked.be.