HAEGIMMO: 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.
HAEGIMMO
Largest movements
- Cash -€31,194
down €31,194 (-19.8%), from €157,693 to €126,499
mainly Contributions, distributions and other (-€32,000) and Tax, wage and social debts (-€11,123)
- Receivables within one year +€6,126
up €6,126 (+273.5%), from €2,240 to €8,366
- Tangible fixed assets +€3,346
up €3,346 (+1.9%), from €173,576 to €176,922
- Tax, wage and social debts -€11,123
down €11,123 (-75.7%), from €14,694 to €3,572
- Reserves -€7,309
down €7,309 (-96.1%), from €7,605 to €296
- Gross operating margin -€40,786
down €40,786 (-47.1%), from €86,580 to €45,794
- Depreciation -€9,247
down €9,247 (-58.2%), from €15,894 to €6,647
- Taxes -€8,062
down €8,062 (-50.0%), from €16,134 to €8,072
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 | €333,509 | €311,787 | -€21,722 | -6.5% |
| Fixed assets | 21/28 | €173,576 | €176,922 | +€3,346 | +1.9% |
| Tangible fixed assets | 22/27 | €173,576 | €176,922 | +€3,346 | +1.9% |
| Land and buildings | 22 | €173,576 | €176,922 | +€3,346 | +1.9% |
| Current assets | 29/58 | €159,933 | €134,865 | -€25,068 | -15.7% |
| Amounts receivable within one year | 40/41 | €2,240 | €8,366 | +€6,126 | +273.5% |
| Other amounts receivable | 41 | €2,240 | €8,366 | +€6,126 | +273.5% |
| Cash at bank and in hand | 54/58 | €157,693 | €126,499 | -€31,194 | -19.8% |
| Total equity and liabilities | 10/49 | €333,509 | €311,787 | -€21,722 | -6.5% |
| Equity | 10/15 | €283,143 | €275,834 | -€7,309 | -2.6% |
| Contributions | 10/11 | €275,539 | €275,539 | = | 0.0% |
| Outside capital | 11 | €275,539 | €275,539 | = | 0.0% |
| Other | 1109/19 | €275,539 | €275,539 | = | 0.0% |
| Reserves | 13 | €7,605 | €296 | -€7,309 | -96.1% |
| Distributable reserves | 133 | €7,605 | €296 | -€7,309 | -96.1% |
| Amounts payable | 17/49 | €50,366 | €35,953 | -€14,413 | -28.6% |
| Amounts payable within one year | 42/48 | €50,366 | €35,953 | -€14,413 | -28.6% |
| Trade debts | 44 | €1,200 | - | -€1,200 | |
| Suppliers | 440/4 | €1,200 | - | -€1,200 | |
| Taxes, remuneration and social security | 45 | €14,694 | €3,572 | -€11,123 | -75.7% |
| Taxes | 450/3 | €14,694 | €3,572 | -€11,123 | -75.7% |
| Other amounts payable | 47/48 | €34,471 | €32,381 | -€2,090 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,894 | €6,647 | -€9,247 | -58.2% |
| Other operating charges | 640/8 | €6,120 | €6,354 | +€233 | +3.8% |
| Gross operating margin | 9900 | €86,580 | €45,794 | -€40,786 | -47.1% |
| Operating profit (loss) | 9901 | €64,566 | €32,793 | -€31,773 | -49.2% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €64,537 | €32,763 | -€31,774 | -49.2% |
| Income taxes | 67/77 | €16,134 | €8,072 | -€8,062 | -50.0% |
| Profit (loss) for the period | 9904 | €48,403 | €24,691 | -€23,712 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,403 | €24,691 | -€23,712 | -49.0% |
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 8 October 2026 via checked.be.