HAECK SUBCONTRACTING: 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.
HAECK SUBCONTRACTING
Largest movements
- Tangible fixed assets -€305,005
down €305,005 (-23.3%), from €1.3m to €1.0m
of which Plant, machinery and equipment: -€263,752
- Stocks and contracts -€100,958
down €100,958 (-20.6%), from €490,925 to €389,967
- Receivables within one year -€65,440
down €65,440 (-21.2%), from €308,171 to €242,731
of which Trade receivables: -€55,440
- Cash -€43,048
down €43,048 (-100.0%), from €43,069 to €21
mainly Net result for the year (-€286,590) and Other debts (-€117,603)
- Reserves -€286,590
down €286,590 (-37.4%), from €766,836 to €480,247
of which Distributable reserves: -€286,590
- Other debts -€117,603
down €117,603 (-18.3%), from €641,433 to €523,829
- Debts after one year -€100,078
down €100,078 (-48.9%), from €204,456 to €104,378
- Trade debts +€72,225
up €72,225 (+86.5%), from €83,461 to €155,686
- Tax, wage and social debts -€39,288
down €39,288 (-35.3%), from €111,227 to €71,939
of which Taxes: -€27,876
- Gross operating margin -€243,026
down €243,026 (-21.7%), from €1.1m to €876,816
- Staff costs -€11,493
down €11,493 (-1.5%), from €771,742 to €760,249
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 | €2,157,322 | €1,644,327 | -€512,995 | -23.8% |
| Fixed assets | 21/28 | €1,308,795 | €1,003,790 | -€305,005 | -23.3% |
| Tangible fixed assets | 22/27 | €1,308,795 | €1,003,790 | -€305,005 | -23.3% |
| Land and buildings | 22 | €413,709 | €385,066 | -€28,642 | -6.9% |
| Plant, machinery and equipment | 23 | €864,492 | €600,740 | -€263,752 | -30.5% |
| Furniture and vehicles | 24 | €30,595 | €17,984 | -€12,611 | -41.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €848,527 | €640,537 | -€207,990 | -24.5% |
| Stocks and contracts in progress | 3 | €490,925 | €389,967 | -€100,958 | -20.6% |
| Stocks | 30/36 | €490,925 | €389,967 | -€100,958 | -20.6% |
| Amounts receivable within one year | 40/41 | €308,171 | €242,731 | -€65,440 | -21.2% |
| Trade receivables | 40 | €298,171 | €242,731 | -€55,440 | -18.6% |
| Other amounts receivable | 41 | €10,000 | €0 | -€10,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,069 | €21 | -€43,048 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,361 | €7,817 | +€1,456 | +22.9% |
| Total equity and liabilities | 10/49 | €2,157,322 | €1,644,327 | -€512,995 | -23.8% |
| Equity | 10/15 | €966,836 | €680,247 | -€286,590 | -29.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €766,836 | €480,247 | -€286,590 | -37.4% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,222 | €52,222 | = | 0.0% |
| Distributable reserves | 133 | €694,614 | €408,025 | -€286,590 | -41.3% |
| Amounts payable | 17/49 | €1,190,486 | €964,080 | -€226,406 | -19.0% |
| Amounts payable after more than one year | 17 | €204,456 | €104,378 | -€100,078 | -48.9% |
| Financial debts | 170/4 | €204,456 | €104,378 | -€100,078 | -48.9% |
| Amounts payable within one year | 42/48 | €966,187 | €851,532 | -€114,655 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €130,066 | €100,078 | -€29,988 | -23.1% |
| Trade debts | 44 | €83,461 | €155,686 | +€72,225 | +86.5% |
| Suppliers | 440/4 | €83,461 | €155,686 | +€72,225 | +86.5% |
| Taxes, remuneration and social security | 45 | €111,227 | €71,939 | -€39,288 | -35.3% |
| Taxes | 450/3 | €28,657 | €780 | -€27,876 | -97.3% |
| Remuneration and social security | 454/9 | €82,571 | €71,159 | -€11,412 | -13.8% |
| Other amounts payable | 47/48 | €641,433 | €523,829 | -€117,603 | -18.3% |
| Accrued charges and deferred income | 492/3 | €19,843 | €8,170 | -€11,673 | -58.8% |
| Remuneration, social security and pensions | 62 | €771,742 | €760,249 | -€11,493 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366,729 | €359,197 | -€7,531 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,878 | +€3,878 | |
| Other operating charges | 640/8 | €13,799 | €15,283 | +€1,484 | +10.8% |
| Gross operating margin | 9900 | €1,119,842 | €876,816 | -€243,026 | -21.7% |
| Operating profit (loss) | 9901 | -€32,428 | -€261,792 | -€229,363 | -707% |
| Financial income | 75/76B | €637 | €1 | -€636 | -99.8% |
| Recurring financial income | 75 | €637 | €1 | -€636 | -99.8% |
| Financial charges | 65/66B | €32,935 | €24,799 | -€8,136 | -24.7% |
| Recurring financial charges | 65 | €32,935 | €24,799 | -€8,136 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,727 | -€286,590 | -€221,863 | -343% |
| Profit (loss) for the period | 9904 | -€64,727 | -€286,590 | -€221,863 | -343% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,727 | -€286,590 | -€221,863 | -343% |
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.