HAGEDA: 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.
HAGEDA
Largest movements
- Cash -€59
down €59 (-100.0%), from €59 to €0
mainly Net result for the year (-€1,180) and Tax, wage and social debts (-€195)
- Other debts +€1,317
up €1,317 (+23.1%), from €5,704 to €7,021
- Profit (loss) carried forward -€1,180
down €1,180 (-7.0%), from -€16,748 to -€17,928
- Tax, wage and social debts -€195
down €195 (-94.6%), from €207 to €11
- Gross operating margin -€370
down €370 (-49.7%), from -€746 to -€1,116
- Purchases and services +€370
up €370 (+49.7%), from €746 to €1,116
- Financial charges -€88
down €88 (-58.0%), from €151 to €64
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 | €2,802 | €2,744 | -€59 | -2.1% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €2,802 | €2,744 | -€59 | -2.1% |
| Amounts receivable within one year | 40/41 | €2,744 | €2,744 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,744 | €2,744 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59 | €0 | -€59 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,802 | €2,744 | -€59 | -2.1% |
| Equity | 10/15 | -€3,108 | -€4,288 | -€1,180 | -38.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,748 | -€17,928 | -€1,180 | -7.0% |
| Amounts payable | 17/49 | €5,911 | €7,032 | +€1,121 | +19.0% |
| Amounts payable within one year | 42/48 | €5,911 | €7,032 | +€1,121 | +19.0% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €207 | €11 | -€195 | -94.6% |
| Taxes | 450/3 | €207 | €11 | -€195 | -94.6% |
| Other amounts payable | 47/48 | €5,704 | €7,021 | +€1,317 | +23.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €746 | €1,116 | +€370 | +49.7% |
| Gross operating margin | 9900 | -€746 | -€1,116 | -€370 | -49.7% |
| Operating profit (loss) | 9901 | -€746 | -€1,116 | -€370 | -49.7% |
| Financial charges | 65/66B | €151 | €64 | -€88 | -58.0% |
| Recurring financial charges | 65 | €151 | €64 | -€88 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | -€897 | -€1,180 | -€283 | -31.5% |
| Profit (loss) for the period | 9904 | -€897 | -€1,180 | -€283 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€897 | -€1,180 | -€283 | -31.5% |
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 30 September 2026 via checked.be.