HAEGHEDONCK: 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.
HAEGHEDONCK
Largest movements
- Tangible fixed assets +€5.4m
up €5.4m (+2323.9%), from €233,109 to €5.7m
- Revaluation surpluses +€5.4m
new in 2025: €5.4m
- Other debts -€58,118
down €58,118 (-20.9%), from €277,701 to €219,583
- Depreciation +€7,993
new in 2025: €7,993
- Gross operating margin -€2,126
down €2,126 (-3.2%), from €66,219 to €64,093
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 | €244,187 | €5,653,806 | +€5.4m | +2215.4% |
| Fixed assets | 21/28 | €233,109 | €5,650,245 | +€5.4m | +2323.9% |
| Tangible fixed assets | 22/27 | €233,109 | €5,650,245 | +€5.4m | +2323.9% |
| Land and buildings | 22 | €233,109 | €5,650,245 | +€5.4m | +2323.9% |
| Current assets | 29/58 | €11,077 | €3,561 | -€7,516 | -67.9% |
| Cash at bank and in hand | 54/58 | €7,883 | €324 | -€7,558 | -95.9% |
| Deferred charges and accrued income | 490/1 | €3,195 | €3,237 | +€42 | +1.3% |
| Total equity and liabilities | 10/49 | €244,187 | €5,653,806 | +€5.4m | +2215.4% |
| Equity | 10/15 | -€335,487 | €5,133,903 | +€5.5m | |
| Contributions | 10/11 | €1,311,876 | €1,311,876 | = | 0.0% |
| Capital | 10 | €1,311,876 | €1,311,876 | = | 0.0% |
| Issued capital | 100 | €1,311,876 | €1,311,876 | = | 0.0% |
| Revaluation surpluses | 12 | - | €5,425,128 | +€5.4m | |
| Reserves | 13 | €669 | €669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €669 | €669 | = | 0.0% |
| Legal reserve | 130 | €669 | €669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,648,032 | -€1,603,771 | +€44,261 | +2.7% |
| Amounts payable | 17/49 | €579,674 | €519,903 | -€59,771 | -10.3% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,674 | €219,903 | -€59,771 | -21.4% |
| Trade debts | 44 | €1,973 | €320 | -€1,652 | -83.8% |
| Suppliers | 440/4 | €1,973 | €320 | -€1,652 | -83.8% |
| Other amounts payable | 47/48 | €277,701 | €219,583 | -€58,118 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,993 | +€7,993 | |
| Other operating charges | 640/8 | €11,238 | €11,589 | +€351 | +3.1% |
| Gross operating margin | 9900 | €66,219 | €64,093 | -€2,126 | -3.2% |
| Operating profit (loss) | 9901 | €54,981 | €44,511 | -€10,469 | -19.0% |
| Financial charges | 65/66B | €194 | €250 | +€56 | +29.1% |
| Recurring financial charges | 65 | €194 | €250 | +€56 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €54,787 | €44,261 | -€10,526 | -19.2% |
| Profit (loss) for the period | 9904 | €54,787 | €44,261 | -€10,526 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,787 | €44,261 | -€10,526 | -19.2% |
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 9 October 2026 via checked.be.