Haco: 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.
What changed
Haco
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€324,805
2024 · -€56,561+€381,366
Equity
€24.9m
2024 · €24.5m+€324,805
Cash
€4,924
2024 · €10,165-€5,241
Balance sheet total
€36.0m
2024 · €36.0m-€49,758
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-29.3%), from €3.6m to €2.6m
- Short-term financial debts +€1.0m
up €1.0m (+15.6%), from €6.7m to €7.7m
of which Other loans: +€635,100
Income statement
- Services and other goods -€633,087
down €633,087 (-31.8%), from €2.0m to €1.4m
- Financial income +€551,981
up €551,981 (+342.2%), from €161,309 to €713,289
- Turnover -€319,547
down €319,547 (-56.0%), from €570,141 to €250,594
- Other operating income +€276,027
up €276,027 (+13.0%), from €2.1m to €2.4m
- Depreciation +€239,583
up €239,583 (+484.7%), from €49,425 to €289,008
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.
Result 2024
-€56,561
Turnover
-€319,547
Other operating income
+€276,027
Goods and materials
+€111,773
Services and other goods
+€633,087
Staff costs
-€36,237
Depreciation
-€239,583
Other operating charges
-€25,821
Other operating items
-€527,522
Financial income
+€551,981
Financial charges
-€44,245
Taxes
+€1,453
Result 2025
€324,805
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.
From operations
-€711,557
Investment
-€142,586
Financing
+€848,902
Cash 2024
€10,165
From operations (derived)
-€711,557
Net result for the year
+€324,805
Depreciation
+€289,008
Receivables after one year
+€53,160
Stocks and contracts
+€239,045
Receivables within one year
-€196,644
Deferred charges and accrued income
-€197,466
Trade debts
-€1.1m
Tax, wage and social debts
+€62,755
Other debts
-€212,022
Accrued charges and deferred income
-€15,694
Investment (derived)
-€142,586
Investment in fixed assets (net)
-€142,586
Financing
+€848,902
Debts after one year
-€262,242
Current portion of long-term debt
+€73,954
Short-term financial debts
+€1.0m
Cash 2025
€4,924
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,015,374 | €35,965,616 | -€49,758 | -0.1% |
| Fixed assets | 21/28 | €23,200,036 | €23,053,614 | -€146,423 | -0.6% |
| Intangible fixed assets | 21 | €1,131,294 | €998,981 | -€132,312 | -11.7% |
| Tangible fixed assets | 22/27 | €861,116 | €847,006 | -€14,110 | -1.6% |
| Land and buildings | 22 | €840,115 | €818,684 | -€21,431 | -2.6% |
| Plant, machinery and equipment | 23 | €4,090 | €5,740 | +€1,650 | +40.4% |
| Furniture and vehicles | 24 | €16,911 | €22,581 | +€5,671 | +33.5% |
| Financial fixed assets | 28 | €21,207,627 | €21,207,627 | = | 0.0% |
| Affiliated companies | 280/1 | €21,195,949 | €21,195,949 | = | 0.0% |
| Participating interests | 280 | €21,195,949 | €21,195,949 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,678 | €11,678 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €11,678 | €11,678 | = | 0.0% |
| Current assets | 29/58 | €12,815,338 | €12,912,002 | +€96,664 | +0.8% |
| Amounts receivable after more than one year | 29 | €910,686 | €857,525 | -€53,160 | -5.8% |
| Other amounts receivable | 291 | €910,686 | €857,525 | -€53,160 | -5.8% |
| Stocks and contracts in progress | 3 | €746,914 | €507,869 | -€239,045 | -32.0% |
| Stocks | 30/36 | €746,914 | €507,869 | -€239,045 | -32.0% |
| Raw materials and consumables | 30/31 | €8,301 | €8,301 | = | 0.0% |
| Work in progress | 32 | €35,268 | €35,268 | = | 0.0% |
| Goods purchased for resale | 34 | €703,345 | €464,300 | -€239,045 | -34.0% |
| Amounts receivable within one year | 40/41 | €10,826,469 | €11,023,114 | +€196,644 | +1.8% |
| Trade receivables | 40 | €8,114,913 | €7,869,211 | -€245,701 | -3.0% |
| Other amounts receivable | 41 | €2,711,557 | €3,153,902 | +€442,346 | +16.3% |
| Cash at bank and in hand | 54/58 | €10,165 | €4,924 | -€5,241 | -51.6% |
| Deferred charges and accrued income | 490/1 | €321,104 | €518,570 | +€197,466 | +61.5% |
| Total equity and liabilities | 10/49 | €36,015,374 | €35,965,616 | -€49,758 | -0.1% |
| Equity | 10/15 | €24,534,819 | €24,859,624 | +€324,805 | +1.3% |
| Contributions | 10/11 | €3,100,000 | €3,100,000 | = | 0.0% |
| Capital | 10 | €3,100,000 | €3,100,000 | = | 0.0% |
| Issued capital | 100 | €3,100,000 | €3,100,000 | = | 0.0% |
| Reserves | 13 | €336,913 | €336,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €310,000 | €310,000 | = | 0.0% |
| Legal reserve | 130 | €310,000 | €310,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,454 | €5,454 | = | 0.0% |
| Distributable reserves | 133 | €21,459 | €21,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,097,907 | €21,422,712 | +€324,805 | +1.5% |
| Amounts payable | 17/49 | €11,480,555 | €11,105,991 | -€374,563 | -3.3% |
| Amounts payable after more than one year | 17 | €575,446 | €313,204 | -€262,242 | -45.6% |
| Financial debts | 170/4 | €575,446 | €313,204 | -€262,242 | -45.6% |
| Credit institutions | 173 | €575,446 | €313,204 | -€262,242 | -45.6% |
| Amounts payable within one year | 42/48 | €10,862,116 | €10,765,488 | -€96,628 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €188,288 | €262,242 | +€73,954 | +39.3% |
| Financial debts | 43 | €6,668,148 | €7,705,339 | +€1.0m | +15.6% |
| Credit institutions | 430/8 | €6,668,148 | €7,070,239 | +€402,090 | +6.0% |
| Other loans | 439 | - | €635,100 | +€635,100 | |
| Trade debts | 44 | €3,609,945 | €2,551,441 | -€1.1m | -29.3% |
| Suppliers | 440/4 | €3,609,945 | €2,551,441 | -€1.1m | -29.3% |
| Taxes, remuneration and social security | 45 | €177,291 | €240,047 | +€62,755 | +35.4% |
| Taxes | 450/3 | €9,728 | €47,750 | +€38,022 | +390.9% |
| Remuneration and social security | 454/9 | €167,563 | €192,297 | +€24,733 | +14.8% |
| Other amounts payable | 47/48 | €218,442 | €6,420 | -€212,022 | -97.1% |
| Accrued charges and deferred income | 492/3 | €42,993 | €27,299 | -€15,694 | -36.5% |
| Operating income | 70/76A | €3,688,397 | €3,141,023 | -€547,374 | -14.8% |
| Turnover | 70 | €570,141 | €250,594 | -€319,547 | -56.0% |
| Own construction capitalised | 72 | €987,350 | €0 | -€987,350 | -100.0% |
| Other operating income | 74 | €2,129,452 | €2,405,479 | +€276,027 | +13.0% |
| Non-recurring operating income | 76A | €1,455 | €484,951 | +€483,496 | +33228.6% |
| Operating charges | 60/66A | €3,396,245 | €2,976,693 | -€419,551 | -12.4% |
| Goods for resale, raw materials and consumables | 60 | €397,870 | €286,097 | -€111,773 | -28.1% |
| Purchases | 600/8 | €244,863 | €47,052 | -€197,811 | -80.8% |
| Change in stocks: decrease (increase) | 609 | €153,007 | €239,045 | +€86,038 | +56.2% |
| Services and other goods | 61 | €1,990,497 | €1,357,409 | -€633,087 | -31.8% |
| Remuneration, social security and pensions | 62 | €873,842 | €910,079 | +€36,237 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,425 | €289,008 | +€239,583 | +484.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €82,896 | €108,717 | +€25,821 | +31.1% |
| Non-recurring operating charges | 66A | €1,715 | €25,382 | +€23,668 | +1380.4% |
| Operating profit (loss) | 9901 | €292,152 | €164,330 | -€127,822 | -43.8% |
| Financial income | 75/76B | €161,309 | €713,289 | +€551,981 | +342.2% |
| Recurring financial income | 75 | €161,309 | €713,289 | +€551,981 | +342.2% |
| Income from financial fixed assets | 750 | €0 | €444,570 | +€444,570 | |
| Income from current assets | 751 | €153,294 | €232,899 | +€79,605 | +51.9% |
| Other financial income | 752/9 | €8,014 | €35,820 | +€27,806 | +346.9% |
| Financial charges | 65/66B | €507,175 | €551,420 | +€44,245 | +8.7% |
| Recurring financial charges | 65 | €507,175 | €551,420 | +€44,245 | +8.7% |
| Debt charges | 650 | €423,052 | €505,833 | +€82,781 | +19.6% |
| Other financial charges | 652/9 | €84,123 | €45,587 | -€38,536 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€53,714 | €326,199 | +€379,913 | |
| Income taxes | 67/77 | €2,847 | €1,394 | -€1,453 | -51.0% |
| Taxes | 670/3 | €2,847 | €1,394 | -€1,453 | -51.0% |
| Profit (loss) for the period | 9904 | -€56,561 | €324,805 | +€381,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,561 | €324,805 | +€381,366 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.