HACOTEXX: 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.
HACOTEXX
Largest movements
- Receivables within one year -€18,896
down €18,896 (-48.6%), from €38,868 to €19,972
of which Trade receivables: -€18,884
- Stocks and contracts +€12,221
up €12,221 (+14.7%), from €82,950 to €95,171
- Cash -€4,820
down €4,820 (-44.9%), from €10,731 to €5,911
mainly Debts after one year (-€33,909) and Net result for the year (-€16,958)
- Tangible fixed assets -€4,269
down €4,269 (-24.6%), from €17,346 to €13,077
- Other debts +€36,595
up €36,595 (+142%), from €25,774 to €62,369
- Debts after one year -€33,909
down €33,909 (-62.4%), from €54,364 to €20,456
- Profit (loss) carried forward -€16,958
down €16,958 (-161%), from -€10,562 to -€27,520
- Trade debts -€6,591
down €6,591 (-18.4%), from €35,788 to €29,197
- Accrued charges and deferred income +€3,343
up €3,343 (+36.2%), from €9,242 to €12,585
- Staff costs +€17,596
up €17,596 (+28.0%), from €62,947 to €80,543
- Financial income +€5,022
up €5,022 (+126%), from €3,988 to €9,009
- Gross operating margin +€4,665
up €4,665 (+7.3%), from €63,631 to €68,295
- Other operating charges -€1,782
down €1,782 (-30.3%), from €5,890 to €4,108
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 | €150,603 | €134,494 | -€16,109 | -10.7% |
| Fixed assets | 21/28 | €17,709 | €13,440 | -€4,269 | -24.1% |
| Tangible fixed assets | 22/27 | €17,346 | €13,077 | -€4,269 | -24.6% |
| Other tangible fixed assets | 26 | €17,346 | €13,077 | -€4,269 | -24.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €132,894 | €121,054 | -€11,840 | -8.9% |
| Stocks and contracts in progress | 3 | €82,950 | €95,171 | +€12,221 | +14.7% |
| Stocks | 30/36 | €82,950 | €95,171 | +€12,221 | +14.7% |
| Amounts receivable within one year | 40/41 | €38,868 | €19,972 | -€18,896 | -48.6% |
| Trade receivables | 40 | €38,854 | €19,970 | -€18,884 | -48.6% |
| Other amounts receivable | 41 | €14 | €2 | -€12 | -84.7% |
| Cash at bank and in hand | 54/58 | €10,731 | €5,911 | -€4,820 | -44.9% |
| Deferred charges and accrued income | 490/1 | €345 | - | -€345 | |
| Total equity and liabilities | 10/49 | €150,603 | €134,494 | -€16,109 | -10.7% |
| Equity | 10/15 | -€7,062 | -€24,020 | -€16,958 | -240% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,562 | -€27,520 | -€16,958 | -161% |
| Amounts payable | 17/49 | €157,666 | €158,515 | +€849 | +0.5% |
| Amounts payable after more than one year | 17 | €54,364 | €20,456 | -€33,909 | -62.4% |
| Other amounts payable | 178/9 | €54,364 | €20,456 | -€33,909 | -62.4% |
| Amounts payable within one year | 42/48 | €94,059 | €125,474 | +€31,415 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €32,497 | €33,909 | +€1,411 | +4.3% |
| Trade debts | 44 | €35,788 | €29,197 | -€6,591 | -18.4% |
| Suppliers | 440/4 | €35,788 | €29,197 | -€6,591 | -18.4% |
| Other amounts payable | 47/48 | €25,774 | €62,369 | +€36,595 | +142% |
| Accrued charges and deferred income | 492/3 | €9,242 | €12,585 | +€3,343 | +36.2% |
| Remuneration, social security and pensions | 62 | €62,947 | €80,543 | +€17,596 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,269 | +€269 | +6.7% |
| Other operating charges | 640/8 | €5,890 | €4,108 | -€1,782 | -30.3% |
| Gross operating margin | 9900 | €63,631 | €68,295 | +€4,665 | +7.3% |
| Operating profit (loss) | 9901 | -€9,206 | -€20,625 | -€11,419 | -124% |
| Financial income | 75/76B | €3,988 | €9,009 | +€5,022 | +126% |
| Recurring financial income | 75 | €3,988 | €9,009 | +€5,022 | +126% |
| Financial charges | 65/66B | €5,344 | €5,342 | -€1 | 0.0% |
| Recurring financial charges | 65 | €5,344 | €5,342 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,562 | -€16,958 | -€6,396 | -60.6% |
| Profit (loss) for the period | 9904 | -€10,562 | -€16,958 | -€6,396 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,562 | -€16,958 | -€6,396 | -60.6% |
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 15 October 2026 via checked.be.