HACKEN NORBERT: 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.
HACKEN NORBERT
Largest movements
- Current investments +€99,253
up €99,253 (+55.4%), from €179,136 to €278,389
- Cash +€66,709
up €66,709 (+70.7%), from €94,328 to €161,037
mainly Net result for the year (+€137,158) and Depreciation (+€76,751)
- Tangible fixed assets -€39,839
down €39,839 (-17.0%), from €233,880 to €194,041
of which Plant, machinery and equipment: -€34,830
- Receivables within one year +€36,714
up €36,714 (+376.4%), from €9,755 to €46,470
of which Trade receivables: +€40,481
- Profit (loss) carried forward +€137,158
up €137,158 (+28.9%), from €474,804 to €611,962
- Tax, wage and social debts +€19,323
up €19,323 (+569.9%), from €3,391 to €22,713
- Other debts +€15,706
new in 2025: €15,706
- Gross operating margin +€108,260
up €108,260 (+55.3%), from €195,897 to €304,157
- Staff costs +€19,363
up €19,363 (+92.2%), from €21,009 to €40,372
- Financial charges -€3,358
down €3,358 (-46.0%), from €7,302 to €3,944
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 | €517,099 | €682,660 | +€165,561 | +32.0% |
| Fixed assets | 21/28 | €233,880 | €194,041 | -€39,839 | -17.0% |
| Tangible fixed assets | 22/27 | €233,880 | €194,041 | -€39,839 | -17.0% |
| Land and buildings | 22 | €11,907 | €10,206 | -€1,701 | -14.3% |
| Plant, machinery and equipment | 23 | €204,660 | €169,830 | -€34,830 | -17.0% |
| Furniture and vehicles | 24 | €17,312 | €14,005 | -€3,307 | -19.1% |
| Current assets | 29/58 | €283,219 | €488,619 | +€205,400 | +72.5% |
| Amounts receivable within one year | 40/41 | €9,755 | €46,470 | +€36,714 | +376.4% |
| Trade receivables | 40 | €5,989 | €46,470 | +€40,481 | +675.9% |
| Other amounts receivable | 41 | €3,766 | - | -€3,766 | |
| Current investments | 50/53 | €179,136 | €278,389 | +€99,253 | +55.4% |
| Cash at bank and in hand | 54/58 | €94,328 | €161,037 | +€66,709 | +70.7% |
| Deferred charges and accrued income | 490/1 | - | €2,723 | +€2,723 | |
| Total equity and liabilities | 10/49 | €517,099 | €682,660 | +€165,561 | +32.0% |
| Equity | 10/15 | €495,404 | €632,562 | +€137,158 | +27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474,804 | €611,962 | +€137,158 | +28.9% |
| Amounts payable | 17/49 | €21,695 | €50,099 | +€28,404 | +130.9% |
| Amounts payable within one year | 42/48 | €21,695 | €50,099 | +€28,404 | +130.9% |
| Trade debts | 44 | €18,304 | €11,679 | -€6,625 | -36.2% |
| Suppliers | 440/4 | €18,304 | €11,679 | -€6,625 | -36.2% |
| Taxes, remuneration and social security | 45 | €3,391 | €22,713 | +€19,323 | +569.9% |
| Remuneration and social security | 454/9 | €3,391 | €22,713 | +€19,323 | +569.9% |
| Other amounts payable | 47/48 | - | €15,706 | +€15,706 | |
| Remuneration, social security and pensions | 62 | €21,009 | €40,372 | +€19,363 | +92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,111 | €76,751 | +€2,640 | +3.6% |
| Other operating charges | 640/8 | €1,404 | €128 | -€1,276 | -90.9% |
| Gross operating margin | 9900 | €195,897 | €304,157 | +€108,260 | +55.3% |
| Operating profit (loss) | 9901 | €99,373 | €186,906 | +€87,533 | +88.1% |
| Financial income | 75/76B | €4,280 | €5,505 | +€1,225 | +28.6% |
| Recurring financial income | 75 | €4,280 | €5,505 | +€1,225 | +28.6% |
| Financial charges | 65/66B | €7,302 | €3,944 | -€3,358 | -46.0% |
| Recurring financial charges | 65 | €7,302 | €3,944 | -€3,358 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €96,351 | €188,466 | +€92,116 | +95.6% |
| Income taxes | 67/77 | €53,782 | €51,309 | -€2,473 | -4.6% |
| Profit (loss) for the period | 9904 | €42,569 | €137,158 | +€94,589 | +222.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,569 | €137,158 | +€94,589 | +222.2% |
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 9 October 2026 via checked.be.