Haeghe: 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.
Haeghe
Largest movements
- Receivables within one year +€41,151
up €41,151 (+53.0%), from €77,642 to €118,793
of which Trade receivables: +€50,866
- Cash +€22,585
up €22,585 (+183%), from €12,357 to €34,942
mainly Other debts (+€66,010) and Receivables after one year (+€15,000)
- Receivables after one year -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tangible fixed assets +€7,435
new in 2025: €7,435
- Deferred charges and accrued income +€5,047
up €5,047 (+80.3%), from €6,288 to €11,335
- Other debts +€66,010
up €66,010 (+147%), from €44,871 to €110,882
- Trade debts -€9,617
down €9,617 (-37.3%), from €25,785 to €16,169
- Profit (loss) carried forward -€6,534
down €6,534 (-49.3%), from €13,244 to €6,710
- Tax, wage and social debts +€6,171
up €6,171 (+35.5%), from €17,387 to €23,558
of which Remuneration and social security: +€9,781
- Accrued charges and deferred income +€5,187
new in 2025: €5,187
- Staff costs +€68,442
up €68,442 (+125%), from €54,890 to €123,333
- Gross operating margin +€49,153
up €49,153 (+62.9%), from €78,189 to €127,343
- Financial charges +€8,199
up €8,199 (+36,439%), from €23 to €8,221
- Taxes -€4,562
down €4,562 (-96.5%), from €4,728 to €166
- Depreciation +€1,774
new in 2025: €1,774
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 | €151,287 | €212,505 | +€61,218 | +40.5% |
| Fixed assets | 21/28 | €40,000 | €47,435 | +€7,435 | +18.6% |
| Tangible fixed assets | 22/27 | - | €7,435 | +€7,435 | |
| Plant, machinery and equipment | 23 | - | €7,435 | +€7,435 | |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €111,287 | €165,070 | +€53,783 | +48.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100% |
| Amounts receivable within one year | 40/41 | €77,642 | €118,793 | +€41,151 | +53.0% |
| Trade receivables | 40 | €67,827 | €118,693 | +€50,866 | +75.0% |
| Other amounts receivable | 41 | €9,815 | €100 | -€9,715 | -99.0% |
| Cash at bank and in hand | 54/58 | €12,357 | €34,942 | +€22,585 | +183% |
| Deferred charges and accrued income | 490/1 | €6,288 | €11,335 | +€5,047 | +80.3% |
| Total equity and liabilities | 10/49 | €151,287 | €212,505 | +€61,218 | +40.5% |
| Equity | 10/15 | €63,244 | €56,710 | -€6,534 | -10.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,244 | €6,710 | -€6,534 | -49.3% |
| Amounts payable | 17/49 | €88,043 | €155,795 | +€67,752 | +77.0% |
| Amounts payable within one year | 42/48 | €88,043 | €150,608 | +€62,565 | +71.1% |
| Trade debts | 44 | €25,785 | €16,169 | -€9,617 | -37.3% |
| Suppliers | 440/4 | €25,785 | €16,169 | -€9,617 | -37.3% |
| Taxes, remuneration and social security | 45 | €17,387 | €23,558 | +€6,171 | +35.5% |
| Taxes | 450/3 | €6,516 | €2,907 | -€3,609 | -55.4% |
| Remuneration and social security | 454/9 | €10,870 | €20,651 | +€9,781 | +90.0% |
| Other amounts payable | 47/48 | €44,871 | €110,882 | +€66,010 | +147% |
| Accrued charges and deferred income | 492/3 | - | €5,187 | +€5,187 | |
| Remuneration, social security and pensions | 62 | €54,890 | €123,333 | +€68,442 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,774 | +€1,774 | |
| Other operating charges | 640/8 | €433 | €520 | +€86 | +19.9% |
| Gross operating margin | 9900 | €78,189 | €127,343 | +€49,153 | +62.9% |
| Operating profit (loss) | 9901 | €22,866 | €1,717 | -€21,149 | -92.5% |
| Financial income | 75/76B | - | €137 | +€137 | |
| Recurring financial income | 75 | - | €137 | +€137 | |
| Financial charges | 65/66B | €23 | €8,221 | +€8,199 | +36,439% |
| Recurring financial charges | 65 | €23 | €8,221 | +€8,199 | +36,439% |
| Profit (loss) for the period before taxes | 9903 | €22,843 | -€6,368 | -€29,211 | |
| Income taxes | 67/77 | €4,728 | €166 | -€4,562 | -96.5% |
| Profit (loss) for the period | 9904 | €18,115 | -€6,534 | -€24,649 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,115 | -€6,534 | -€24,649 |
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.