HAGELAND CONSTRUCT: 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 CONSTRUCT
Largest movements
- Current investments -€100,000
down €100,000 (-90.9%), from €110,000 to €10,000
- Cash +€72,922
up €72,922 (+34.0%), from €214,744 to €287,666
mainly Current investments (+€100,000) and Receivables within one year (+€10,168)
- Profit (loss) carried forward -€38,647
down €38,647 (-41.1%), from -€94,005 to -€132,652
- Gross operating margin -€26,854
down €26,854, from €8,533 to -€18,321
- Other operating charges -€15,221
down €15,221 (-79.4%), from €19,167 to €3,947
- Financial charges -€14,463
down €14,463 (-44.5%), from €32,519 to €18,055
- Financial income +€1,751
new in 2025: €1,751
- Taxes +€320
up €320, from -€245 to €75
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 | €1,116,785 | €1,079,539 | -€37,246 | -3.3% |
| Current assets | 29/58 | €1,116,785 | €1,079,539 | -€37,246 | -3.3% |
| Stocks and contracts in progress | 3 | €488,554 | €488,554 | = | 0.0% |
| Stocks | 30/36 | €488,554 | €488,554 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €303,486 | €293,318 | -€10,168 | -3.4% |
| Trade receivables | 40 | €71,208 | €70,806 | -€402 | -0.6% |
| Other amounts receivable | 41 | €232,278 | €222,512 | -€9,766 | -4.2% |
| Current investments | 50/53 | €110,000 | €10,000 | -€100,000 | -90.9% |
| Cash at bank and in hand | 54/58 | €214,744 | €287,666 | +€72,922 | +34.0% |
| Total equity and liabilities | 10/49 | €1,116,785 | €1,079,539 | -€37,246 | -3.3% |
| Equity | 10/15 | €694,327 | €655,680 | -€38,647 | -5.6% |
| Contributions | 10/11 | €360,300 | €360,300 | = | 0.0% |
| Capital | 10 | €360,300 | €360,300 | = | 0.0% |
| Issued capital | 100 | €360,300 | €360,300 | = | 0.0% |
| Reserves | 13 | €428,032 | €428,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,330 | €36,330 | = | 0.0% |
| Legal reserve | 130 | €36,330 | €36,330 | = | 0.0% |
| Distributable reserves | 133 | €391,702 | €391,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,005 | -€132,652 | -€38,647 | -41.1% |
| Amounts payable | 17/49 | €422,458 | €423,859 | +€1,401 | +0.3% |
| Amounts payable after more than one year | 17 | €169,000 | €169,000 | = | 0.0% |
| Financial debts | 170/4 | €169,000 | €169,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €253,458 | €254,859 | +€1,401 | +0.6% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €2,889 | €415 | -€2,474 | -85.6% |
| Suppliers | 440/4 | €2,889 | €415 | -€2,474 | -85.6% |
| Taxes, remuneration and social security | 45 | €569 | €315 | -€254 | -44.6% |
| Taxes | 450/3 | €569 | €315 | -€254 | -44.6% |
| Other amounts payable | 47/48 | - | €4,129 | +€4,129 | |
| Other operating charges | 640/8 | €19,167 | €3,947 | -€15,221 | -79.4% |
| Non-recurring operating charges | 66A | €512 | - | -€512 | |
| Gross operating margin | 9900 | €8,533 | -€18,321 | -€26,854 | |
| Operating profit (loss) | 9901 | -€11,146 | -€22,267 | -€11,121 | -99.8% |
| Financial income | 75/76B | - | €1,751 | +€1,751 | |
| Recurring financial income | 75 | - | €1,751 | +€1,751 | |
| Financial charges | 65/66B | €32,519 | €18,055 | -€14,463 | -44.5% |
| Recurring financial charges | 65 | €32,519 | €18,055 | -€14,463 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,665 | -€38,572 | +€5,093 | +11.7% |
| Income taxes | 67/77 | -€245 | €75 | +€320 | |
| Profit (loss) for the period | 9904 | -€43,420 | -€38,647 | +€4,773 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,420 | -€38,647 | +€4,773 | +11.0% |
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 12 October 2026 via checked.be.