HAERS METAALCONSTRUCTIES: 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.
HAERS METAALCONSTRUCTIES
Largest movements
- Cash -€59,531
down €59,531 (-84.2%), from €70,680 to €11,148
mainly Tax, wage and social debts (-€62,791) and Other debts (-€25,171)
- Tangible fixed assets -€26,724
down €26,724 (-4.0%), from €669,975 to €643,251
of which Land and buildings: -€20,741
- Tax, wage and social debts -€62,791
down €62,791 (-96.9%), from €64,806 to €2,016
- Other debts -€25,171
down €25,171 (-45.7%), from €55,055 to €29,884
- Debts after one year -€12,557
down €12,557 (-8.3%), from €151,583 to €139,026
- Gross operating margin +€26,437
up €26,437 (+183%), from €14,479 to €40,916
- Financial charges -€3,900
down €3,900 (-44.9%), from €8,679 to €4,779
of which Non-recurring financial charges: -€2,679
- Financial income +€2,054
up €2,054 (+4,462%), from €46 to €2,100
of which Non-recurring financial income: +€2,066
- Other operating charges -€1,422
down €1,422 (-13.3%), from €10,695 to €9,273
- Depreciation -€1,127
down €1,127 (-4.3%), from €26,197 to €25,070
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 | €760,448 | €661,986 | -€98,461 | -12.9% |
| Fixed assets | 21/28 | €672,475 | €645,751 | -€26,724 | -4.0% |
| Tangible fixed assets | 22/27 | €669,975 | €643,251 | -€26,724 | -4.0% |
| Land and buildings | 22 | €656,331 | €635,590 | -€20,741 | -3.2% |
| Plant, machinery and equipment | 23 | €10,981 | €7,339 | -€3,642 | -33.2% |
| Furniture and vehicles | 24 | €1,009 | €322 | -€687 | -68.1% |
| Other tangible fixed assets | 26 | €1,654 | - | -€1,654 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €87,973 | €16,236 | -€71,737 | -81.5% |
| Amounts receivable within one year | 40/41 | €9,789 | €4,800 | -€4,989 | -51.0% |
| Trade receivables | 40 | €4,789 | €4,800 | +€11 | +0.2% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €70,680 | €11,148 | -€59,531 | -84.2% |
| Deferred charges and accrued income | 490/1 | €7,505 | €287 | -€7,217 | -96.2% |
| Total equity and liabilities | 10/49 | €760,448 | €661,986 | -€98,461 | -12.9% |
| Equity | 10/15 | €474,636 | €476,196 | +€1,560 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456,036 | €457,596 | +€1,560 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €454,176 | €455,736 | +€1,560 | +0.3% |
| Amounts payable | 17/49 | €285,811 | €185,790 | -€100,021 | -35.0% |
| Amounts payable after more than one year | 17 | €151,583 | €139,026 | -€12,557 | -8.3% |
| Financial debts | 170/4 | €151,583 | €139,026 | -€12,557 | -8.3% |
| Amounts payable within one year | 42/48 | €134,207 | €44,641 | -€89,566 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €12,369 | €12,557 | +€188 | +1.5% |
| Trade debts | 44 | €1,977 | €184 | -€1,793 | -90.7% |
| Suppliers | 440/4 | €1,977 | €184 | -€1,793 | -90.7% |
| Taxes, remuneration and social security | 45 | €64,806 | €2,016 | -€62,791 | -96.9% |
| Taxes | 450/3 | €64,806 | €2,016 | -€62,791 | -96.9% |
| Other amounts payable | 47/48 | €55,055 | €29,884 | -€25,171 | -45.7% |
| Accrued charges and deferred income | 492/3 | €21 | €2,123 | +€2,102 | +9,818% |
| Non-recurring operating income | 76A | €15,542 | - | -€15,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,197 | €25,070 | -€1,127 | -4.3% |
| Other operating charges | 640/8 | €10,695 | €9,273 | -€1,422 | -13.3% |
| Non-recurring operating charges | 66A | - | €2,335 | +€2,335 | |
| Gross operating margin | 9900 | €14,479 | €40,916 | +€26,437 | +183% |
| Operating profit (loss) | 9901 | -€22,413 | €4,238 | +€26,651 | |
| Financial income | 75/76B | €46 | €2,100 | +€2,054 | +4,462% |
| Recurring financial income | 75 | €46 | €34 | -€12 | -25.9% |
| Non-recurring financial income | 76B | - | €2,066 | +€2,066 | |
| Financial charges | 65/66B | €8,679 | €4,779 | -€3,900 | -44.9% |
| Recurring financial charges | 65 | €6,000 | €4,779 | -€1,221 | -20.4% |
| Non-recurring financial charges | 66B | €2,679 | - | -€2,679 | |
| Profit (loss) for the period before taxes | 9903 | -€31,045 | €1,560 | +€32,605 | |
| Profit (loss) for the period | 9904 | -€31,045 | €1,560 | +€32,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,045 | €1,560 | +€32,605 |
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 22 October 2026 via checked.be.