Haen Creative: 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 Creative
Largest movements
- Current investments +€12,000
up €12,000 (+27.8%), from €43,147 to €55,147
- Cash -€11,424
down €11,424 (-25.1%), from €45,441 to €34,017
mainly Investment in fixed assets (net) (-€16,163) and Current investments (-€12,000)
- Tangible fixed assets +€10,414
up €10,414 (+905.5%), from €1,150 to €11,564
of which Plant, machinery and equipment: +€10,558
- Financial fixed assets +€3,600
new in 2025: €3,600
- Reserves +€8,267
up €8,267 (+7.9%), from €104,732 to €112,999
- Trade debts +€4,256
up €4,256 (+305.1%), from €1,395 to €5,652
- Gross operating margin +€4,770
up €4,770 (+47.3%), from €10,078 to €14,848
- Taxes +€1,840
up €1,840 (+93.2%), from €1,975 to €3,814
- Depreciation -€1,739
down €1,739 (-44.7%), from €3,888 to €2,149
- Financial charges -€485
down €485 (-44.7%), from €1,084 to €599
- Financial income -€170
down €170 (-22.3%), from €763 to €593
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 | €110,658 | €123,647 | +€12,990 | +11.7% |
| Fixed assets | 21/28 | €1,150 | €15,164 | +€14,014 | +1218.6% |
| Tangible fixed assets | 22/27 | €1,150 | €11,564 | +€10,414 | +905.5% |
| Plant, machinery and equipment | 23 | €1,005 | €11,564 | +€10,558 | +1050.5% |
| Furniture and vehicles | 24 | €145 | - | -€145 | |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €109,508 | €108,484 | -€1,024 | -0.9% |
| Amounts receivable within one year | 40/41 | €20,154 | €18,992 | -€1,163 | -5.8% |
| Trade receivables | 40 | €7,225 | €10,211 | +€2,985 | +41.3% |
| Other amounts receivable | 41 | €12,929 | €8,781 | -€4,148 | -32.1% |
| Current investments | 50/53 | €43,147 | €55,147 | +€12,000 | +27.8% |
| Cash at bank and in hand | 54/58 | €45,441 | €34,017 | -€11,424 | -25.1% |
| Deferred charges and accrued income | 490/1 | €765 | €328 | -€437 | -57.1% |
| Total equity and liabilities | 10/49 | €110,658 | €123,647 | +€12,990 | +11.7% |
| Equity | 10/15 | €105,732 | €113,999 | +€8,267 | +7.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €104,732 | €112,999 | +€8,267 | +7.9% |
| Distributable reserves | 133 | €104,732 | €112,999 | +€8,267 | +7.9% |
| Amounts payable | 17/49 | €4,925 | €9,648 | +€4,723 | +95.9% |
| Amounts payable within one year | 42/48 | €2,612 | €7,281 | +€4,669 | +178.8% |
| Trade debts | 44 | €1,395 | €5,652 | +€4,256 | +305.1% |
| Suppliers | 440/4 | €1,395 | €5,652 | +€4,256 | +305.1% |
| Other amounts payable | 47/48 | €1,217 | €1,630 | +€413 | +34.0% |
| Accrued charges and deferred income | 492/3 | €2,314 | €2,367 | +€53 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,888 | €2,149 | -€1,739 | -44.7% |
| Other operating charges | 640/8 | €451 | €611 | +€160 | +35.5% |
| Gross operating margin | 9900 | €10,078 | €14,848 | +€4,770 | +47.3% |
| Operating profit (loss) | 9901 | €5,739 | €12,088 | +€6,349 | +110.6% |
| Financial income | 75/76B | €763 | €593 | -€170 | -22.3% |
| Recurring financial income | 75 | €763 | €593 | -€170 | -22.3% |
| Financial charges | 65/66B | €1,084 | €599 | -€485 | -44.7% |
| Recurring financial charges | 65 | €1,084 | €599 | -€485 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €5,419 | €12,082 | +€6,663 | +123.0% |
| Income taxes | 67/77 | €1,975 | €3,814 | +€1,840 | +93.2% |
| Profit (loss) for the period | 9904 | €3,444 | €8,267 | +€4,823 | +140.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,444 | €8,267 | +€4,823 | +140.0% |
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 10 October 2026 via checked.be.