HAEGEMAN: what changed
What changed
HAEGEMAN
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
-€32,047
2024 · -€10,147-€21,901
Equity
€16,478
2024 · €48,525-€32,047
Cash
€5,389
2024 · €1+€5,388
Balance sheet total
€674,432
2024 · €713,453-€39,021
Largest movements
Assets
- Intangible fixed assets -€40,845
down €40,845 (-31.9%), from €127,889 to €87,043
Equity and liabilities
- Trade debts +€75,205
up €75,205 (+157%), from €47,986 to €123,191
- Debts after one year -€66,223
down €66,223 (-13.7%), from €484,265 to €418,042
- Reserves -€32,047
down €32,047 (-88.7%), from €36,125 to €4,078
- Tax, wage and social debts -€16,104
down €16,104 (-33.8%), from €47,667 to €31,563
of which Taxes: -€12,636
Income statement
- Staff costs -€8,658
down €8,658 (-7.3%), from €118,625 to €109,968
- Gross operating margin -€7,496
down €7,496 (-3.4%), from €223,421 to €215,925
- Depreciation +€5,086
up €5,086 (+6.1%), from €83,809 to €88,895
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,147
Gross operating margin
-€7,496
Staff costs
+€8,658
Depreciation
-€5,086
Other operating charges
+€1,804
Other operating items
-€19,800
Financial income
+€195
Financial charges
-€355
Taxes
+€180
Result 2025
-€32,047
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€119,804
Investment
-€48,341
Financing
-€66,075
Cash 2024
€1
From operations (derived)
+€119,804
Net result for the year
-€32,047
Depreciation
+€88,895
Receivables within one year
+€6,904
Deferred charges and accrued income
-€3,049
Trade debts
+€75,205
Tax, wage and social debts
-€16,104
Investment (derived)
-€48,341
Investment in fixed assets (net)
-€48,341
Financing
-€66,075
Debts after one year
-€66,223
Current portion of long-term debt
+€2,596
Short-term financial debts
-€2,448
Cash 2025
€5,389
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €713,453 | €674,432 | -€39,021 | -5.5% |
| Fixed assets | 21/28 | €633,401 | €592,847 | -€40,554 | -6.4% |
| Intangible fixed assets | 21 | €127,889 | €87,043 | -€40,845 | -31.9% |
| Tangible fixed assets | 22/27 | €505,482 | €505,774 | +€291 | +0.1% |
| Land and buildings | 22 | €359,762 | €342,857 | -€16,905 | -4.7% |
| Plant, machinery and equipment | 23 | €22,846 | €15,627 | -€7,219 | -31.6% |
| Furniture and vehicles | 24 | €5,381 | €34,859 | +€29,478 | +548% |
| Other tangible fixed assets | 26 | €117,494 | €112,431 | -€5,062 | -4.3% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €80,052 | €81,585 | +€1,533 | +1.9% |
| Amounts receivable after more than one year | 29 | €19,000 | €19,000 | = | 0.0% |
| Other amounts receivable | 291 | €19,000 | €19,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,287 | €39,383 | -€6,904 | -14.9% |
| Trade receivables | 40 | €6,522 | €16,383 | +€9,861 | +151% |
| Other amounts receivable | 41 | €39,764 | €23,000 | -€16,765 | -42.2% |
| Cash at bank and in hand | 54/58 | €1 | €5,389 | +€5,388 | +780,886% |
| Deferred charges and accrued income | 490/1 | €14,765 | €17,814 | +€3,049 | +20.6% |
| Total equity and liabilities | 10/49 | €713,453 | €674,432 | -€39,021 | -5.5% |
| Equity | 10/15 | €48,525 | €16,478 | -€32,047 | -66.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,125 | €4,078 | -€32,047 | -88.7% |
| Distributable reserves | 133 | €36,125 | €4,078 | -€32,047 | -88.7% |
| Amounts payable | 17/49 | €664,928 | €657,954 | -€6,974 | -1.0% |
| Amounts payable after more than one year | 17 | €484,265 | €418,042 | -€66,223 | -13.7% |
| Financial debts | 170/4 | €484,265 | €418,042 | -€66,223 | -13.7% |
| Amounts payable within one year | 42/48 | €180,663 | €239,912 | +€59,249 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €82,529 | €85,125 | +€2,596 | +3.1% |
| Financial debts | 43 | €2,481 | €33 | -€2,448 | -98.7% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,481 | €33 | -€2,448 | -98.7% |
| Trade debts | 44 | €47,986 | €123,191 | +€75,205 | +157% |
| Suppliers | 440/4 | €47,986 | €123,191 | +€75,205 | +157% |
| Taxes, remuneration and social security | 45 | €47,667 | €31,563 | -€16,104 | -33.8% |
| Taxes | 450/3 | €21,837 | €9,200 | -€12,636 | -57.9% |
| Remuneration and social security | 454/9 | €25,830 | €22,363 | -€3,467 | -13.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,105 | €16,040 | +€12,936 | +417% |
| Remuneration, social security and pensions | 62 | €118,625 | €109,968 | -€8,658 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,809 | €88,895 | +€5,086 | +6.1% |
| Other operating charges | 640/8 | €6,057 | €4,253 | -€1,804 | -29.8% |
| Non-recurring operating charges | 66A | - | €19,800 | +€19,800 | |
| Gross operating margin | 9900 | €223,421 | €215,925 | -€7,496 | -3.4% |
| Operating profit (loss) | 9901 | €14,930 | -€6,990 | -€21,920 | |
| Financial income | 75/76B | €646 | €842 | +€195 | +30.2% |
| Recurring financial income | 75 | €646 | €842 | +€195 | +30.2% |
| Financial charges | 65/66B | €24,798 | €25,153 | +€355 | +1.4% |
| Recurring financial charges | 65 | €24,798 | €25,153 | +€355 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,221 | -€31,302 | -€22,080 | -239% |
| Income taxes | 67/77 | €925 | €746 | -€180 | -19.4% |
| Profit (loss) for the period | 9904 | -€10,147 | -€32,047 | -€21,901 | -216% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,147 | -€32,047 | -€21,901 | -216% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.