HAGEBROEK: 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.
HAGEBROEK
Largest movements
- Cash +€31,339
up €31,339 (+239%), from €13,107 to €44,446
mainly Net result for the year (+€34,243) and Tax, wage and social debts (+€8,815)
- Receivables within one year +€3,958
new in 2025: €3,958
- Deferred charges and accrued income +€846
up €846 (+3.9%), from €21,572 to €22,419
- Profit (loss) carried forward +€34,159
up €34,159 (+166%), from €20,570 to €54,730
- Tax, wage and social debts +€8,815
up €8,815 (+169%), from €5,205 to €14,020
- Other debts -€6,156
no longer reported in 2025 (was €6,156)
- Gross operating margin +€18,268
up €18,268 (+70.7%), from €25,825 to €44,093
- Taxes +€3,610
up €3,610 (+69.4%), from €5,205 to €8,815
- Other operating charges +€960
new in 2025: €960
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 | €34,680 | €70,823 | +€36,144 | +104% |
| Current assets | 29/58 | €34,680 | €70,823 | +€36,144 | +104% |
| Amounts receivable within one year | 40/41 | - | €3,958 | +€3,958 | |
| Other amounts receivable | 41 | - | €3,958 | +€3,958 | |
| Cash at bank and in hand | 54/58 | €13,107 | €44,446 | +€31,339 | +239% |
| Deferred charges and accrued income | 490/1 | €21,572 | €22,419 | +€846 | +3.9% |
| Total equity and liabilities | 10/49 | €34,680 | €70,823 | +€36,144 | +104% |
| Equity | 10/15 | €22,570 | €56,730 | +€34,159 | +151% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,570 | €54,730 | +€34,159 | +166% |
| Amounts payable | 17/49 | €12,110 | €14,094 | +€1,984 | +16.4% |
| Amounts payable within one year | 42/48 | €12,110 | €14,094 | +€1,984 | +16.4% |
| Trade debts | 44 | €749 | €74 | -€675 | -90.1% |
| Suppliers | 440/4 | €749 | €74 | -€675 | -90.1% |
| Taxes, remuneration and social security | 45 | €5,205 | €14,020 | +€8,815 | +169% |
| Taxes | 450/3 | €5,205 | €14,020 | +€8,815 | +169% |
| Other amounts payable | 47/48 | €6,156 | - | -€6,156 | |
| Other operating charges | 640/8 | - | €960 | +€960 | |
| Gross operating margin | 9900 | €25,825 | €44,093 | +€18,268 | +70.7% |
| Operating profit (loss) | 9901 | €25,825 | €43,133 | +€17,308 | +67.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €50 | €77 | +€27 | +54.6% |
| Recurring financial charges | 65 | €50 | €77 | +€27 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €25,775 | €43,058 | +€17,283 | +67.1% |
| Income taxes | 67/77 | €5,205 | €8,815 | +€3,610 | +69.4% |
| Profit (loss) for the period | 9904 | €20,570 | €34,243 | +€13,673 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,570 | €34,243 | +€13,673 | +66.5% |
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 24 October 2026 via checked.be.