HAEN: 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.
HAEN
Largest movements
- Tangible fixed assets -€8,493
down €8,493 (-37.5%), from €22,628 to €14,135
- Cash -€6,917
down €6,917 (-28.2%), from €24,496 to €17,579
mainly Stocks and contracts (-€5,500) and Debts after one year (-€5,000)
- Stocks and contracts +€5,500
new in 2025: €5,500
- Deferred charges and accrued income +€925
up €925 (+66.4%), from €1,392 to €2,317
- Debts after one year -€5,000
down €5,000 (-11.1%), from €45,000 to €40,000
- Other debts -€2,383
down €2,383 (-65.6%), from €3,630 to €1,247
- Tax, wage and social debts -€1,357
down €1,357 (-15.6%), from €8,690 to €7,333
- Trade debts -€1,262
down €1,262 (-34.8%), from €3,622 to €2,360
- Gross operating margin -€8,304
down €8,304 (-45.8%), from €18,145 to €9,841
- Depreciation -€3,594
down €3,594 (-32.2%), from €11,168 to €7,573
- Taxes -€2,863
down €2,863 (-75.0%), from €3,820 to €957
- Financial charges -€374
down €374 (-76.7%), from €488 to €114
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 | €67,776 | €58,148 | -€9,627 | -14.2% |
| Fixed assets | 21/28 | €22,628 | €14,135 | -€8,493 | -37.5% |
| Tangible fixed assets | 22/27 | €22,628 | €14,135 | -€8,493 | -37.5% |
| Furniture and vehicles | 24 | €22,628 | €14,135 | -€8,493 | -37.5% |
| Current assets | 29/58 | €45,147 | €44,013 | -€1,134 | -2.5% |
| Stocks and contracts in progress | 3 | - | €5,500 | +€5,500 | |
| Contracts in progress | 37 | - | €5,500 | +€5,500 | |
| Amounts receivable within one year | 40/41 | €19,259 | €18,617 | -€642 | -3.3% |
| Trade receivables | 40 | €19,259 | €18,617 | -€642 | -3.3% |
| Cash at bank and in hand | 54/58 | €24,496 | €17,579 | -€6,917 | -28.2% |
| Deferred charges and accrued income | 490/1 | €1,392 | €2,317 | +€925 | +66.4% |
| Total equity and liabilities | 10/49 | €67,776 | €58,148 | -€9,627 | -14.2% |
| Equity | 10/15 | €6,833 | €7,208 | +€374 | +5.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,833 | €2,208 | +€374 | +20.4% |
| Distributable reserves | 133 | €1,833 | €2,208 | +€374 | +20.4% |
| Amounts payable | 17/49 | €60,942 | €50,941 | -€10,002 | -16.4% |
| Amounts payable after more than one year | 17 | €45,000 | €40,000 | -€5,000 | -11.1% |
| Other amounts payable | 178/9 | €45,000 | €40,000 | -€5,000 | -11.1% |
| Amounts payable within one year | 42/48 | €15,942 | €10,941 | -€5,002 | -31.4% |
| Trade debts | 44 | €3,622 | €2,360 | -€1,262 | -34.8% |
| Suppliers | 440/4 | €3,622 | €2,360 | -€1,262 | -34.8% |
| Taxes, remuneration and social security | 45 | €8,690 | €7,333 | -€1,357 | -15.6% |
| Taxes | 450/3 | €8,690 | €7,333 | -€1,357 | -15.6% |
| Other amounts payable | 47/48 | €3,630 | €1,247 | -€2,383 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,168 | €7,573 | -€3,594 | -32.2% |
| Other operating charges | 640/8 | €836 | €823 | -€14 | -1.6% |
| Gross operating margin | 9900 | €18,145 | €9,841 | -€8,304 | -45.8% |
| Operating profit (loss) | 9901 | €6,141 | €1,445 | -€4,696 | -76.5% |
| Financial charges | 65/66B | €488 | €114 | -€374 | -76.7% |
| Recurring financial charges | 65 | €488 | €114 | -€374 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €5,653 | €1,331 | -€4,322 | -76.5% |
| Income taxes | 67/77 | €3,820 | €957 | -€2,863 | -75.0% |
| Profit (loss) for the period | 9904 | €1,833 | €374 | -€1,459 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,833 | €374 | -€1,459 | -79.6% |
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 13 October 2026 via checked.be.