Haegemans: 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.
Haegemans
Largest movements
- Tangible fixed assets +€40,908
up €40,908 (+1,870%), from €2,188 to €43,095
of which Furniture and vehicles: +€38,858
- Receivables within one year -€6,533
down €6,533 (-37.5%), from €17,414 to €10,881
of which Trade receivables: -€6,117
- Cash +€2,061
up €2,061 (+402%), from €512 to €2,574
mainly Other debts (+€47,408) and Receivables within one year (+€6,533)
- Stocks and contracts +€1,742
up €1,742 (+23.6%), from €7,378 to €9,120
- Other debts +€47,408
up €47,408 (+246%), from €19,306 to €66,714
- Profit (loss) carried forward -€7,296
down €7,296 (-47.6%), from -€15,319 to -€22,615
- Trade debts -€1,267
down €1,267 (-21.2%), from €5,983 to €4,716
- Gross operating margin -€13,488
down €13,488, from €7,515 to -€5,973
- Financial charges -€480
down €480 (-66.7%), from €721 to €240
- Depreciation -€304
down €304 (-28.4%), from €1,071 to €767
- Financial income +€294
up €294 (+179%), from €165 to €459
- Other operating charges +€95
up €95 (+14.0%), from €680 to €775
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 | €28,641 | €67,407 | +€38,766 | +135% |
| Formation expenses | 20 | €963 | €942 | -€21 | -2.2% |
| Fixed assets | 21/28 | €2,188 | €43,095 | +€40,908 | +1,870% |
| Tangible fixed assets | 22/27 | €2,188 | €43,095 | +€40,908 | +1,870% |
| Plant, machinery and equipment | 23 | €1,432 | €3,481 | +€2,049 | +143% |
| Furniture and vehicles | 24 | €756 | €39,614 | +€38,858 | +5,142% |
| Current assets | 29/58 | €25,490 | €23,370 | -€2,120 | -8.3% |
| Stocks and contracts in progress | 3 | €7,378 | €9,120 | +€1,742 | +23.6% |
| Stocks | 30/36 | €7,378 | €9,120 | +€1,742 | +23.6% |
| Amounts receivable within one year | 40/41 | €17,414 | €10,881 | -€6,533 | -37.5% |
| Trade receivables | 40 | €16,004 | €9,887 | -€6,117 | -38.2% |
| Other amounts receivable | 41 | €1,410 | €994 | -€416 | -29.5% |
| Cash at bank and in hand | 54/58 | €512 | €2,574 | +€2,061 | +402% |
| Deferred charges and accrued income | 490/1 | €186 | €795 | +€609 | +328% |
| Total equity and liabilities | 10/49 | €28,641 | €67,407 | +€38,766 | +135% |
| Equity | 10/15 | €3,273 | -€4,023 | -€7,296 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,319 | -€22,615 | -€7,296 | -47.6% |
| Amounts payable | 17/49 | €25,368 | €71,430 | +€46,062 | +182% |
| Amounts payable within one year | 42/48 | €25,289 | €71,430 | +€46,142 | +182% |
| Trade debts | 44 | €5,983 | €4,716 | -€1,267 | -21.2% |
| Suppliers | 440/4 | €5,983 | €4,716 | -€1,267 | -21.2% |
| Other amounts payable | 47/48 | €19,306 | €66,714 | +€47,408 | +246% |
| Accrued charges and deferred income | 492/3 | €79 | - | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €767 | -€304 | -28.4% |
| Other operating charges | 640/8 | €680 | €775 | +€95 | +14.0% |
| Gross operating margin | 9900 | €7,515 | -€5,973 | -€13,488 | |
| Operating profit (loss) | 9901 | €5,764 | -€7,515 | -€13,279 | |
| Financial income | 75/76B | €165 | €459 | +€294 | +179% |
| Recurring financial income | 75 | €165 | €459 | +€294 | +179% |
| Financial charges | 65/66B | €721 | €240 | -€480 | -66.7% |
| Recurring financial charges | 65 | €721 | €240 | -€480 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €5,208 | -€7,296 | -€12,505 | |
| Profit (loss) for the period | 9904 | €5,208 | -€7,296 | -€12,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,208 | -€7,296 | -€12,505 |
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 28 October 2026 via checked.be.