HAEZEBROUCK: 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.
HAEZEBROUCK
Largest movements
- Current investments +€200,000
up €200,000 (+33.3%), from €600,000 to €800,000
- Stocks and contracts +€176,931
up €176,931 (+33.2%), from €532,886 to €709,817
- Tangible fixed assets +€60,713
up €60,713 (+72.2%), from €84,089 to €144,802
of which Plant, machinery and equipment: +€67,110
- Cash +€56,825
up €56,825 (+10.7%), from €529,909 to €586,734
mainly Net result for the year (+€491,956) and Trade debts (+€227,163)
- Reserves +€291,956
up €291,956 (+16.0%), from €1.8m to €2.1m
of which Distributable reserves: +€165,656
- Trade debts +€227,163
up €227,163 (+161%), from €141,124 to €368,287
- Staff costs +€85,977
up €85,977 (+28.8%), from €298,906 to €384,883
- Gross operating margin +€48,686
up €48,686 (+4.8%), from €1.0m to €1.1m
- Taxes -€14,203
down €14,203 (-8.1%), from €175,196 to €160,993
- Write-downs -€10,679
down €10,679 (-100%), from €10,679 to €0
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 | €2,345,805 | €2,856,216 | +€510,411 | +21.8% |
| Fixed assets | 21/28 | €84,156 | €144,869 | +€60,713 | +72.1% |
| Tangible fixed assets | 22/27 | €84,089 | €144,802 | +€60,713 | +72.2% |
| Plant, machinery and equipment | 23 | €25,555 | €92,665 | +€67,110 | +263% |
| Furniture and vehicles | 24 | €4,449 | €1,947 | -€2,502 | -56.2% |
| Other tangible fixed assets | 26 | €54,084 | €50,189 | -€3,895 | -7.2% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €2,261,649 | €2,711,347 | +€449,698 | +19.9% |
| Stocks and contracts in progress | 3 | €532,886 | €709,817 | +€176,931 | +33.2% |
| Stocks | 30/36 | €532,886 | €709,817 | +€176,931 | +33.2% |
| Amounts receivable within one year | 40/41 | €593,258 | €600,786 | +€7,528 | +1.3% |
| Trade receivables | 40 | €542,803 | €515,180 | -€27,623 | -5.1% |
| Other amounts receivable | 41 | €50,455 | €85,606 | +€35,151 | +69.7% |
| Current investments | 50/53 | €600,000 | €800,000 | +€200,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €529,909 | €586,734 | +€56,825 | +10.7% |
| Deferred charges and accrued income | 490/1 | €5,596 | €14,010 | +€8,414 | +150% |
| Total equity and liabilities | 10/49 | €2,345,805 | €2,856,216 | +€510,411 | +21.8% |
| Equity | 10/15 | €1,903,386 | €2,195,342 | +€291,956 | +15.3% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Capital | 10 | €76,000 | €76,000 | = | 0.0% |
| Issued capital | 100 | €76,000 | €76,000 | = | 0.0% |
| Reserves | 13 | €1,827,386 | €2,119,342 | +€291,956 | +16.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €378,900 | +€126,300 | +50.0% |
| Distributable reserves | 133 | €1,564,786 | €1,730,442 | +€165,656 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €442,419 | €660,874 | +€218,455 | +49.4% |
| Amounts payable within one year | 42/48 | €442,419 | €660,874 | +€218,455 | +49.4% |
| Trade debts | 44 | €141,124 | €368,287 | +€227,163 | +161% |
| Suppliers | 440/4 | €141,124 | €368,287 | +€227,163 | +161% |
| Advances received on contracts in progress | 46 | €49,254 | €43,798 | -€5,456 | -11.1% |
| Taxes, remuneration and social security | 45 | €36,190 | €32,627 | -€3,563 | -9.8% |
| Taxes | 450/3 | €11,922 | €431 | -€11,491 | -96.4% |
| Remuneration and social security | 454/9 | €24,268 | €32,196 | +€7,928 | +32.7% |
| Other amounts payable | 47/48 | €215,851 | €216,161 | +€310 | +0.1% |
| Remuneration, social security and pensions | 62 | €298,906 | €384,883 | +€85,977 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,205 | €22,217 | +€7,013 | +46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,679 | €0 | -€10,679 | -100% |
| Other operating charges | 640/8 | €15,791 | €16,329 | +€539 | +3.4% |
| Gross operating margin | 9900 | €1,009,685 | €1,058,371 | +€48,686 | +4.8% |
| Operating profit (loss) | 9901 | €669,104 | €634,942 | -€34,163 | -5.1% |
| Financial income | 75/76B | €41,315 | €35,887 | -€5,429 | -13.1% |
| Recurring financial income | 75 | €41,315 | €35,887 | -€5,429 | -13.1% |
| Financial charges | 65/66B | €21,369 | €17,879 | -€3,489 | -16.3% |
| Recurring financial charges | 65 | €21,369 | €17,879 | -€3,489 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €689,051 | €652,949 | -€36,102 | -5.2% |
| Income taxes | 67/77 | €175,196 | €160,993 | -€14,203 | -8.1% |
| Profit (loss) for the period | 9904 | €513,854 | €491,956 | -€21,899 | -4.3% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €513,854 | €365,656 | -€148,199 | -28.8% |
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 20 October 2026 via checked.be.