Haest: 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.
Haest
Largest movements
- Receivables within one year -€18,372
down €18,372 (-92.0%), from €19,969 to €1,597
of which Trade receivables: -€13,678
- Cash +€13,972
up €13,972 (+45.2%), from €30,918 to €44,890
mainly Receivables within one year (+€18,372) and Net result for the year (+€11,880)
- Intangible fixed assets -€5,100
down €5,100 (-50.0%), from €10,200 to €5,100
- Tangible fixed assets -€2,338
down €2,338 (-40.2%), from €5,813 to €3,475
- Other debts -€20,976
down €20,976 (-50.0%), from €41,917 to €20,942
- Reserves +€11,880
up €11,880 (+17.9%), from €66,196 to €78,076
- Tax, wage and social debts -€1,353
down €1,353 (-88.4%), from €1,531 to €178
- Taxes -€1,530
down €1,530 (-25.3%), from €6,052 to €4,523
- Financial charges -€1,225
down €1,225 (-30.5%), from €4,012 to €2,787
- Financial income -€679
down €679 (-94.7%), from €717 to €38
- Depreciation -€563
down €563 (-7.0%), from €8,001 to €7,438
- Gross operating margin -€502
down €502 (-1.8%), from €28,486 to €27,983
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 | €120,957 | €110,827 | -€10,130 | -8.4% |
| Fixed assets | 21/28 | €16,013 | €8,575 | -€7,438 | -46.5% |
| Intangible fixed assets | 21 | €10,200 | €5,100 | -€5,100 | -50.0% |
| Tangible fixed assets | 22/27 | €5,813 | €3,475 | -€2,338 | -40.2% |
| Furniture and vehicles | 24 | €5,813 | €3,475 | -€2,338 | -40.2% |
| Current assets | 29/58 | €104,944 | €102,253 | -€2,692 | -2.6% |
| Stocks and contracts in progress | 3 | €50,771 | €51,565 | +€794 | +1.6% |
| Stocks | 30/36 | €50,771 | €51,565 | +€794 | +1.6% |
| Amounts receivable within one year | 40/41 | €19,969 | €1,597 | -€18,372 | -92.0% |
| Trade receivables | 40 | €14,051 | €372 | -€13,678 | -97.4% |
| Other amounts receivable | 41 | €5,919 | €1,225 | -€4,694 | -79.3% |
| Cash at bank and in hand | 54/58 | €30,918 | €44,890 | +€13,972 | +45.2% |
| Deferred charges and accrued income | 490/1 | €3,287 | €4,201 | +€914 | +27.8% |
| Total equity and liabilities | 10/49 | €120,957 | €110,827 | -€10,130 | -8.4% |
| Equity | 10/15 | €72,396 | €84,276 | +€11,880 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,196 | €78,076 | +€11,880 | +17.9% |
| Distributable reserves | 133 | €66,196 | €78,076 | +€11,880 | +17.9% |
| Amounts payable | 17/49 | €48,561 | €26,551 | -€22,010 | -45.3% |
| Amounts payable within one year | 42/48 | €45,341 | €24,194 | -€21,147 | -46.6% |
| Trade debts | 44 | €1,893 | €3,075 | +€1,182 | +62.4% |
| Suppliers | 440/4 | €1,893 | €3,075 | +€1,182 | +62.4% |
| Taxes, remuneration and social security | 45 | €1,531 | €178 | -€1,353 | -88.4% |
| Taxes | 450/3 | €1,531 | €178 | -€1,353 | -88.4% |
| Other amounts payable | 47/48 | €41,917 | €20,942 | -€20,976 | -50.0% |
| Accrued charges and deferred income | 492/3 | €3,221 | €2,357 | -€863 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,001 | €7,438 | -€563 | -7.0% |
| Other operating charges | 640/8 | €1,751 | €1,393 | -€358 | -20.4% |
| Gross operating margin | 9900 | €28,486 | €27,983 | -€502 | -1.8% |
| Operating profit (loss) | 9901 | €18,734 | €19,152 | +€418 | +2.2% |
| Financial income | 75/76B | €717 | €38 | -€679 | -94.7% |
| Recurring financial income | 75 | €717 | €38 | -€679 | -94.7% |
| Financial charges | 65/66B | €4,012 | €2,787 | -€1,225 | -30.5% |
| Recurring financial charges | 65 | €4,012 | €2,787 | -€1,225 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €15,438 | €16,403 | +€965 | +6.2% |
| Income taxes | 67/77 | €6,052 | €4,523 | -€1,530 | -25.3% |
| Profit (loss) for the period | 9904 | €9,386 | €11,880 | +€2,494 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,386 | €11,880 | +€2,494 | +26.6% |
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 14 October 2026 via checked.be.