Hageland: 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.
Hageland
Largest movements
- Receivables within one year -€394,258
down €394,258 (-97.4%), from €404,773 to €10,516
- Cash +€165,560
up €165,560 (+2,947%), from €5,618 to €171,178
mainly Receivables within one year (+€394,258)
- Profit (loss) carried forward -€93,555
new in 2025: -€93,555
- Trade debts -€73,251
down €73,251 (-95.1%), from €77,031 to €3,780
- Reserves -€60,237
down €60,237 (-28.9%), from €208,419 to €148,181
- Other operating charges +€407,634
up €407,634 (+93,368%), from €437 to €408,071
- Gross operating margin +€217,550
up €217,550 (+578%), from €37,645 to €255,196
- Write-downs -€35,157
no longer reported in 2025 (was €35,157)
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 | €414,200 | €187,157 | -€227,043 | -54.8% |
| Fixed assets | 21/28 | €2,603 | €2,603 | = | 0.0% |
| Financial fixed assets | 28 | €2,603 | €2,603 | = | 0.0% |
| Current assets | 29/58 | €411,597 | €184,554 | -€227,043 | -55.2% |
| Amounts receivable within one year | 40/41 | €404,773 | €10,516 | -€394,258 | -97.4% |
| Trade receivables | 40 | €404,773 | €10,516 | -€394,258 | -97.4% |
| Cash at bank and in hand | 54/58 | €5,618 | €171,178 | +€165,560 | +2,947% |
| Deferred charges and accrued income | 490/1 | €1,205 | €2,860 | +€1,655 | +137% |
| Total equity and liabilities | 10/49 | €414,200 | €187,157 | -€227,043 | -54.8% |
| Equity | 10/15 | €328,419 | €174,627 | -€153,792 | -46.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €208,419 | €148,181 | -€60,237 | -28.9% |
| Distributable reserves | 133 | €208,419 | €148,181 | -€60,237 | -28.9% |
| Profit (loss) carried forward | 14 | - | -€93,555 | -€93,555 | |
| Amounts payable | 17/49 | €85,781 | €12,530 | -€73,251 | -85.4% |
| Amounts payable within one year | 42/48 | €77,031 | €3,780 | -€73,251 | -95.1% |
| Trade debts | 44 | €77,031 | €3,780 | -€73,251 | -95.1% |
| Suppliers | 440/4 | €77,031 | €3,780 | -€73,251 | -95.1% |
| Accrued charges and deferred income | 492/3 | €8,750 | €8,750 | = | 0.0% |
| Non-recurring operating income | 76A | - | €240,000 | +€240,000 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,157 | - | -€35,157 | |
| Other operating charges | 640/8 | €437 | €408,071 | +€407,634 | +93,368% |
| Gross operating margin | 9900 | €37,645 | €255,196 | +€217,550 | +578% |
| Operating profit (loss) | 9901 | €2,052 | -€152,875 | -€154,927 | |
| Financial charges | 65/66B | €897 | €917 | +€20 | +2.2% |
| Recurring financial charges | 65 | €897 | €917 | +€20 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €1,155 | -€153,792 | -€154,947 | |
| Profit (loss) for the period | 9904 | €1,155 | -€153,792 | -€154,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,155 | -€153,792 | -€154,947 |
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 19 October 2026 via checked.be.