HAFIBO: 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.
What changed
HAFIBO
NACE 28.299, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€630,600
2024 · €234,123+€396,477
Equity
€1.3m
2024 · €1.2m+€80,600
Cash
€249,448
2024 · €608,627-€359,180
Balance sheet total
€6.1m
2024 · €5.6m+€545,861
Largest movements
Assets
- Stocks and contracts +€473,783
up €473,783 (+37.2%), from €1.3m to €1.7m
of which Contracts in progress: +€508,437
- Cash -€359,180
down €359,180 (-59.0%), from €608,627 to €249,448
mainly Trade debts (-€881,814) and Contributions, distributions and other (-€550,000)
- Current investments +€295,065
new in 2025: €295,065
- Tangible fixed assets +€147,918
up €147,918 (+22.0%), from €671,588 to €819,506
Equity and liabilities
- Trade debts -€881,814
down €881,814 (-37.7%), from €2.3m to €1.5m
- Advances received +€808,024
up €808,024 (+92.6%), from €872,761 to €1.7m
- Other debts +€350,024
up €350,024 (+175%), from €199,976 to €550,000
- Debts after one year +€145,520
up €145,520 (+48.5%), from €300,068 to €445,589
- Profit (loss) carried forward +€80,600
up €80,600 (+7.0%), from €1.2m to €1.2m
Income statement
- Turnover -€11.9m
no longer reported in 2025 (was €11.9m)
- Goods and materials -€6.2m
no longer reported in 2025 (was €6.2m)
of which Purchases: -€6.2m
- Gross operating margin +€4.2m
new in 2025: €4.2m
- Services and other goods -€1.7m
no longer reported in 2025 (was €1.7m)
- Other operating income -€267,324
no longer reported in 2025 (was €267,324)
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.
Result 2024
€234,123
Turnover
-€11.9m
Other operating income
-€267,324
Goods and materials
+€6.2m
Services and other goods
+€1.7m
Staff costs
-€68,542
Depreciation
-€1,483
Other operating charges
+€1,612
Other operating items
+€4.8m
Financial income
+€2,660
Financial charges
+€24,094
Taxes
-€137,904
Result 2025
€630,600
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€776,734
Investment
-€740,406
Financing
-€395,507
Cash 2024
€608,627
From operations (derived)
+€776,734
Net result for the year
+€630,600
Depreciation
+€309,876
Stocks and contracts
-€473,783
Receivables within one year
-€10,371
Deferred charges and accrued income
+€9,644
Trade debts
-€881,814
Tax, wage and social debts
+€45,217
Advances received
+€808,024
Other debts
+€350,024
Accrued charges and deferred income
-€10,683
Investment (derived)
-€740,406
Investment in fixed assets (net)
-€445,341
Current investments
-€295,065
Financing
-€395,507
Debts after one year
+€145,520
Current portion of long-term debt
+€7,879
Short-term financial debts
+€1,093
Contributions, distributions and other
-€550,000
Cash 2025
€249,448
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,583,205 | €6,129,066 | +€545,861 | +9.8% |
| Fixed assets | 21/28 | €968,218 | €1,103,684 | +€135,466 | +14.0% |
| Intangible fixed assets | 21 | €296,631 | €284,178 | -€12,452 | -4.2% |
| Tangible fixed assets | 22/27 | €671,588 | €819,506 | +€147,918 | +22.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €245,637 | €292,559 | +€46,922 | +19.1% |
| Furniture and vehicles | 24 | €401,906 | €467,642 | +€65,736 | +16.4% |
| Other tangible fixed assets | 26 | €24,045 | €59,305 | +€35,260 | +147% |
| Current assets | 29/58 | €4,614,987 | €5,025,382 | +€410,395 | +8.9% |
| Stocks and contracts in progress | 3 | €1,275,179 | €1,748,962 | +€473,783 | +37.2% |
| Stocks | 30/36 | €356,821 | €322,167 | -€34,654 | -9.7% |
| Raw materials and consumables | 30/31 | €356,821 | - | -€356,821 | |
| Contracts in progress | 37 | €918,357 | €1,426,795 | +€508,437 | +55.4% |
| Amounts receivable within one year | 40/41 | €2,588,725 | €2,599,096 | +€10,371 | +0.4% |
| Trade receivables | 40 | €2,486,643 | €2,559,219 | +€72,576 | +2.9% |
| Other amounts receivable | 41 | €102,082 | €39,877 | -€62,205 | -60.9% |
| Current investments | 50/53 | - | €295,065 | +€295,065 | |
| Cash at bank and in hand | 54/58 | €608,627 | €249,448 | -€359,180 | -59.0% |
| Deferred charges and accrued income | 490/1 | €142,456 | €132,811 | -€9,644 | -6.8% |
| Total equity and liabilities | 10/49 | €5,583,205 | €6,129,066 | +€545,861 | +9.8% |
| Equity | 10/15 | €1,224,971 | €1,305,571 | +€80,600 | +6.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €7,197 | €7,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €306 | €306 | = | 0.0% |
| Distributable reserves | 133 | €642 | €642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,155,273 | €1,235,874 | +€80,600 | +7.0% |
| Amounts payable | 17/49 | €4,358,234 | €4,823,495 | +€465,260 | +10.7% |
| Amounts payable after more than one year | 17 | €300,068 | €445,589 | +€145,520 | +48.5% |
| Financial debts | 170/4 | €300,068 | €445,589 | +€145,520 | +48.5% |
| Credit institutions | 173 | €300,068 | - | -€300,068 | |
| Amounts payable within one year | 42/48 | €4,046,519 | €4,376,942 | +€330,423 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €183,927 | €191,806 | +€7,879 | +4.3% |
| Financial debts | 43 | €232,708 | €233,801 | +€1,093 | +0.5% |
| Credit institutions | 430/8 | €232,708 | €233,801 | +€1,093 | +0.5% |
| Trade debts | 44 | €2,337,525 | €1,455,711 | -€881,814 | -37.7% |
| Suppliers | 440/4 | €2,337,525 | €1,455,711 | -€881,814 | -37.7% |
| Advances received on contracts in progress | 46 | €872,761 | €1,680,785 | +€808,024 | +92.6% |
| Taxes, remuneration and social security | 45 | €219,622 | €264,839 | +€45,217 | +20.6% |
| Taxes | 450/3 | €77 | €33,826 | +€33,749 | +44,117% |
| Remuneration and social security | 454/9 | €219,545 | €231,013 | +€11,467 | +5.2% |
| Other amounts payable | 47/48 | €199,976 | €550,000 | +€350,024 | +175% |
| Accrued charges and deferred income | 492/3 | €11,647 | €965 | -€10,683 | -91.7% |
| Operating income | 70/76A | €11,511,072 | - | -€11.5m | |
| Turnover | 70 | €11,919,885 | - | -€11.9m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€685,514 | - | +€685,514 | |
| Other operating income | 74 | €267,324 | - | -€267,324 | |
| Non-recurring operating income | 76A | €9,377 | €12,450 | +€3,073 | +32.8% |
| Operating charges | 60/66A | €11,120,383 | - | -€11.1m | |
| Goods for resale, raw materials and consumables | 60 | €6,236,985 | - | -€6.2m | |
| Purchases | 600/8 | €6,189,704 | - | -€6.2m | |
| Change in stocks: decrease (increase) | 609 | €47,281 | - | -€47,281 | |
| Services and other goods | 61 | €1,692,991 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €2,839,435 | €2,907,977 | +€68,542 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,393 | €309,876 | +€1,483 | +0.5% |
| Other operating charges | 640/8 | €39,689 | €38,077 | -€1,612 | -4.1% |
| Non-recurring operating charges | 66A | €2,890 | €25,981 | +€23,091 | +799% |
| Gross operating margin | 9900 | - | €4,180,226 | +€4.2m | |
| Operating profit (loss) | 9901 | €390,689 | €898,315 | +€507,626 | +130% |
| Financial income | 75/76B | €733 | €3,393 | +€2,660 | +363% |
| Recurring financial income | 75 | €733 | €3,393 | +€2,660 | +363% |
| Other financial income | 752/9 | €733 | - | -€733 | |
| Financial charges | 65/66B | €60,385 | €36,291 | -€24,094 | -39.9% |
| Recurring financial charges | 65 | €60,385 | €36,291 | -€24,094 | -39.9% |
| Debt charges | 650 | €48,425 | - | -€48,425 | |
| Other financial charges | 652/9 | €11,960 | - | -€11,960 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €331,036 | €865,417 | +€534,381 | +161% |
| Income taxes | 67/77 | €96,913 | €234,817 | +€137,904 | +142% |
| Taxes | 670/3 | €96,913 | - | -€96,913 | |
| Profit (loss) for the period | 9904 | €234,123 | €630,600 | +€396,477 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €234,123 | €630,600 | +€396,477 | +169% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.