HAEGEMAN: 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.
HAEGEMAN
Largest movements
- Receivables within one year +€15,000
up €15,000 (+100.0%), from €15,000 to €30,000
- Tangible fixed assets -€2,873
down €2,873 (-2.5%), from €113,825 to €110,952
- Profit (loss) carried forward +€10,659
up €10,659 (+3.7%), from -€289,448 to -€278,789
- Tax, wage and social debts +€1,574
new in 2025: €1,574
- Gross operating margin -€2,049
down €2,049 (-11.3%), from €18,204 to €16,155
- Taxes +€1,574
new in 2025: €1,574
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 | €129,234 | €142,043 | +€12,810 | +9.9% |
| Fixed assets | 21/28 | €113,825 | €110,952 | -€2,873 | -2.5% |
| Tangible fixed assets | 22/27 | €113,825 | €110,952 | -€2,873 | -2.5% |
| Land and buildings | 22 | €113,825 | €110,952 | -€2,873 | -2.5% |
| Current assets | 29/58 | €15,409 | €31,091 | +€15,682 | +101.8% |
| Amounts receivable within one year | 40/41 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Trade receivables | 40 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €409 | €1,091 | +€682 | +166.9% |
| Total equity and liabilities | 10/49 | €129,234 | €142,043 | +€12,810 | +9.9% |
| Equity | 10/15 | €128,512 | €139,171 | +€10,659 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €399,360 | €399,360 | = | 0.0% |
| Distributable reserves | 133 | €399,360 | €399,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,448 | -€278,789 | +€10,659 | +3.7% |
| Amounts payable | 17/49 | €721 | €2,872 | +€2,151 | +298.2% |
| Amounts payable within one year | 42/48 | €471 | €2,622 | +€2,151 | +456.4% |
| Taxes, remuneration and social security | 45 | - | €1,574 | +€1,574 | |
| Taxes | 450/3 | - | €1,574 | +€1,574 | |
| Other amounts payable | 47/48 | €471 | €1,048 | +€577 | +122.4% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,873 | €2,873 | = | 0.0% |
| Other operating charges | 640/8 | €853 | €880 | +€26 | +3.1% |
| Gross operating margin | 9900 | €18,204 | €16,155 | -€2,049 | -11.3% |
| Operating profit (loss) | 9901 | €14,478 | €12,403 | -€2,075 | -14.3% |
| Financial charges | 65/66B | €181 | €170 | -€10 | -5.7% |
| Recurring financial charges | 65 | €181 | €170 | -€10 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €14,297 | €12,233 | -€2,065 | -14.4% |
| Income taxes | 67/77 | - | €1,574 | +€1,574 | |
| Profit (loss) for the period | 9904 | €14,297 | €10,659 | -€3,639 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,297 | €10,659 | -€3,639 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.