Hage: what changed
Two fiscal 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.
Hage
Largest movements
- Cash +€24,307
up €24,307 (+79.7%), from €30,490 to €54,797
mainly Net result for the year (+€31,062) and Receivables within one year (+€1,960)
- Tangible fixed assets +€6,327
new in 2025: €6,327
- Receivables within one year -€1,960
down €1,960 (-12.7%), from €15,446 to €13,485
- Profit (loss) carried forward +€31,062
up €31,062 (+92.5%), from €33,586 to €64,648
- Trade debts -€1,764
down €1,764 (-93.6%), from €1,884 to €120
- Gross operating margin -€628
down €628 (-1.6%), from €39,585 to €38,957
- Depreciation +€547
new in 2025: €547
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.
Cash bridge derived
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 | €46,481 | €75,533 | +€29,053 | +62.5% |
| Fixed assets | 21/28 | - | €6,327 | +€6,327 | |
| Tangible fixed assets | 22/27 | - | €6,327 | +€6,327 | |
| Furniture and vehicles | 24 | - | €6,327 | +€6,327 | |
| Current assets | 29/58 | €46,481 | €69,207 | +€22,726 | +48.9% |
| Amounts receivable within one year | 40/41 | €15,446 | €13,485 | -€1,960 | -12.7% |
| Other amounts receivable | 41 | €15,446 | €13,485 | -€1,960 | -12.7% |
| Cash at bank and in hand | 54/58 | €30,490 | €54,797 | +€24,307 | +79.7% |
| Deferred charges and accrued income | 490/1 | €545 | €925 | +€379 | +69.5% |
| Total equity and liabilities | 10/49 | €46,481 | €75,533 | +€29,053 | +62.5% |
| Equity | 10/15 | €36,586 | €67,648 | +€31,062 | +84.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,586 | €64,648 | +€31,062 | +92.5% |
| Amounts payable | 17/49 | €9,895 | €7,886 | -€2,010 | -20.3% |
| Amounts payable within one year | 42/48 | €9,895 | €7,886 | -€2,010 | -20.3% |
| Trade debts | 44 | €1,884 | €120 | -€1,764 | -93.6% |
| Suppliers | 440/4 | €1,884 | €120 | -€1,764 | -93.6% |
| Taxes, remuneration and social security | 45 | €8,011 | €7,766 | -€246 | -3.1% |
| Taxes | 450/3 | €8,011 | €7,766 | -€246 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €547 | +€547 | |
| Other operating charges | 640/8 | €182 | €216 | +€34 | +18.6% |
| Gross operating margin | 9900 | €39,585 | €38,957 | -€628 | -1.6% |
| Operating profit (loss) | 9901 | €39,403 | €38,194 | -€1,209 | -3.1% |
| Financial income | 75/76B | €787 | €784 | -€3 | -0.4% |
| Recurring financial income | 75 | €787 | €784 | -€3 | -0.4% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.3% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €40,055 | €38,828 | -€1,228 | -3.1% |
| Income taxes | 67/77 | €8,011 | €7,766 | -€246 | -3.1% |
| Profit (loss) for the period | 9904 | €32,044 | €31,062 | -€982 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,044 | €31,062 | -€982 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.