HAFFCO INDUSTRIES: what changed
HAFFCO INDUSTRIES
Largest movements
- Tangible fixed assets -€42,033
down €42,033 (-35.0%), from €120,245 to €78,212
of which Plant, machinery and equipment: -€27,240
- Receivables within one year -€8,468
down €8,468 (-39.8%), from €21,300 to €12,831
of which Trade receivables: -€9,238
- Stocks and contracts +€6,250
new in 2025: €6,250
- Profit (loss) carried forward -€17,319
down €17,319, from €2 to -€17,317
- Trade debts -€16,224
down €16,224 (-67.1%), from €24,165 to €7,941
- Other debts -€8,287
down €8,287 (-8.3%), from €100,332 to €92,045
- Tax, wage and social debts -€3,724
down €3,724 (-34.6%), from €10,759 to €7,035
- Depreciation +€34,979
up €34,979 (+1,745%), from €2,005 to €36,985
- Gross operating margin +€9,908
up €9,908 (+77.8%), from €12,732 to €22,640
- Taxes -€2,628
down €2,628 (-100%), from €2,628 to €0
- Financial charges +€812
up €812 (+1,051%), from €77 to €889
- Other operating charges +€274
up €274 (+15.1%), from €1,811 to €2,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,021 | €97,866 | -€45,155 | -31.6% |
| Fixed assets | 21/28 | €120,245 | €78,212 | -€42,033 | -35.0% |
| Tangible fixed assets | 22/27 | €120,245 | €78,212 | -€42,033 | -35.0% |
| Plant, machinery and equipment | 23 | €85,136 | €57,897 | -€27,240 | -32.0% |
| Furniture and vehicles | 24 | €35,109 | €20,315 | -€14,794 | -42.1% |
| Current assets | 29/58 | €22,776 | €19,654 | -€3,122 | -13.7% |
| Stocks and contracts in progress | 3 | - | €6,250 | +€6,250 | |
| Stocks | 30/36 | - | €6,250 | +€6,250 | |
| Amounts receivable within one year | 40/41 | €21,300 | €12,831 | -€8,468 | -39.8% |
| Trade receivables | 40 | €21,300 | €12,062 | -€9,238 | -43.4% |
| Other amounts receivable | 41 | - | €770 | +€770 | |
| Cash at bank and in hand | 54/58 | €1,476 | €573 | -€903 | -61.2% |
| Total equity and liabilities | 10/49 | €143,021 | €97,866 | -€45,155 | -31.6% |
| Equity | 10/15 | €7,377 | -€9,942 | -€17,319 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,375 | €5,375 | = | 0.0% |
| Distributable reserves | 133 | €5,375 | €5,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | -€17,317 | -€17,319 | |
| Amounts payable | 17/49 | €135,644 | €107,808 | -€27,836 | -20.5% |
| Amounts payable within one year | 42/48 | €135,256 | €107,021 | -€28,236 | -20.9% |
| Trade debts | 44 | €24,165 | €7,941 | -€16,224 | -67.1% |
| Suppliers | 440/4 | €24,165 | €7,941 | -€16,224 | -67.1% |
| Taxes, remuneration and social security | 45 | €10,759 | €7,035 | -€3,724 | -34.6% |
| Taxes | 450/3 | €10,759 | €7,035 | -€3,724 | -34.6% |
| Other amounts payable | 47/48 | €100,332 | €92,045 | -€8,287 | -8.3% |
| Accrued charges and deferred income | 492/3 | €387 | €787 | +€400 | +103% |
| Non-recurring operating income | 76A | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €36,985 | +€34,979 | +1,745% |
| Other operating charges | 640/8 | €1,811 | €2,085 | +€274 | +15.1% |
| Gross operating margin | 9900 | €12,732 | €22,640 | +€9,908 | +77.8% |
| Operating profit (loss) | 9901 | €8,916 | -€16,430 | -€25,346 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €77 | €889 | +€812 | +1,051% |
| Recurring financial charges | 65 | €77 | €889 | +€812 | +1,051% |
| Profit (loss) for the period before taxes | 9903 | €8,838 | -€17,319 | -€26,158 | |
| Income taxes | 67/77 | €2,628 | €0 | -€2,628 | -100% |
| Profit (loss) for the period | 9904 | €6,210 | -€17,319 | -€23,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,210 | -€17,319 | -€23,529 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.