HAEGEWINDE: 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.
HAEGEWINDE
Largest movements
- Receivables within one year +€2.4m
new in 2025: €2.4m
- Cash +€2.4m
up €2.4m (+43524.2%), from €5,531 to €2.4m
mainly Short-term financial debts (+€2.5m) and Stocks and contracts (+€1.0m)
- Stocks and contracts -€1.0m
down €1.0m (-33.3%), from €3.1m to €2.1m
- Short-term financial debts +€2.5m
new in 2025: €2.5m
- Reserves +€977,089
up €977,089 (+32.6%), from €3.0m to €4.0m
of which Distributable reserves: +€977,089
- Tax, wage and social debts +€353,968
up €353,968 (+20636.2%), from €1,715 to €355,684
- Other debts -€78,320
no longer reported in 2025 (was €78,320)
- Gross operating margin +€1.3m
up €1.3m (+12736.8%), from €10,415 to €1.3m
- Taxes +€353,968
up €353,968 (+20634.7%), from €1,715 to €355,684
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 | €3,134,685 | €6,919,008 | +€3.8m | +120.7% |
| Current assets | 29/58 | €3,134,685 | €6,919,008 | +€3.8m | +120.7% |
| Stocks and contracts in progress | 3 | €3,129,154 | €2,086,724 | -€1.0m | -33.3% |
| Stocks | 30/36 | €3,129,154 | €2,086,724 | -€1.0m | -33.3% |
| Amounts receivable within one year | 40/41 | - | €2,419,381 | +€2.4m | |
| Other amounts receivable | 41 | - | €2,419,381 | +€2.4m | |
| Cash at bank and in hand | 54/58 | €5,531 | €2,412,903 | +€2.4m | +43524.2% |
| Total equity and liabilities | 10/49 | €3,134,685 | €6,919,008 | +€3.8m | +120.7% |
| Equity | 10/15 | €3,054,650 | €4,031,739 | +€977,089 | +32.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,993,150 | €3,970,239 | +€977,089 | +32.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,987,000 | €3,964,089 | +€977,089 | +32.7% |
| Amounts payable | 17/49 | €80,035 | €2,887,269 | +€2.8m | +3507.5% |
| Amounts payable within one year | 42/48 | €80,035 | €2,887,269 | +€2.8m | +3507.5% |
| Financial debts | 43 | - | €2,500,000 | +€2.5m | |
| Credit institutions | 430/8 | - | €2,500,000 | +€2.5m | |
| Trade debts | 44 | - | €31,586 | +€31,586 | |
| Suppliers | 440/4 | - | €31,586 | +€31,586 | |
| Taxes, remuneration and social security | 45 | €1,715 | €355,684 | +€353,968 | +20636.2% |
| Taxes | 450/3 | €1,715 | €355,684 | +€353,968 | +20636.2% |
| Other amounts payable | 47/48 | €78,320 | - | -€78,320 | |
| Other operating charges | 640/8 | €1,215 | €1,171 | -€44 | -3.6% |
| Gross operating margin | 9900 | €10,415 | €1,336,942 | +€1.3m | +12736.8% |
| Operating profit (loss) | 9901 | €9,200 | €1,335,772 | +€1.3m | +14418.7% |
| Financial charges | 65/66B | €2,906 | €3,000 | +€94 | +3.2% |
| Recurring financial charges | 65 | €2,906 | €3,000 | +€94 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €6,295 | €1,332,772 | +€1.3m | +21073.3% |
| Income taxes | 67/77 | €1,715 | €355,684 | +€353,968 | +20634.7% |
| Profit (loss) for the period | 9904 | €4,579 | €977,089 | +€972,509 | +21237.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,579 | €977,089 | +€972,509 | +21237.5% |
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 7 October 2026 via checked.be.