HAGELBERG: 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.
HAGELBERG
Largest movements
- Cash -€66,700
down €66,700 (-33.6%), from €198,324 to €131,624
mainly Net result for the year (-€85,754) and Deferred charges and accrued income (-€414)
- Tangible fixed assets -€19,213
down €19,213 (-5.1%), from €374,095 to €354,882
- Profit (loss) carried forward -€85,754
down €85,754 (-11.8%), from -€725,180 to -€810,934
- Depreciation -€14,882
down €14,882 (-43.6%), from €34,095 to €19,213
- Gross operating margin -€4,937
down €4,937 (-11.9%), from €41,341 to €36,404
- Staff costs -€3,086
down €3,086 (-3.2%), from €97,978 to €94,892
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 | €593,985 | €508,191 | -€85,794 | -14.4% |
| Fixed assets | 21/28 | €374,095 | €354,882 | -€19,213 | -5.1% |
| Tangible fixed assets | 22/27 | €374,095 | €354,882 | -€19,213 | -5.1% |
| Land and buildings | 22 | €374,095 | €354,882 | -€19,213 | -5.1% |
| Current assets | 29/58 | €219,889 | €153,308 | -€66,581 | -30.3% |
| Amounts receivable within one year | 40/41 | €12,370 | €12,074 | -€296 | -2.4% |
| Other amounts receivable | 41 | €12,370 | €12,074 | -€296 | -2.4% |
| Cash at bank and in hand | 54/58 | €198,324 | €131,624 | -€66,700 | -33.6% |
| Deferred charges and accrued income | 490/1 | €9,196 | €9,610 | +€414 | +4.5% |
| Total equity and liabilities | 10/49 | €593,985 | €508,191 | -€85,794 | -14.4% |
| Equity | 10/15 | €583,753 | €497,999 | -€85,754 | -14.7% |
| Contributions | 10/11 | €793,259 | €793,259 | = | 0.0% |
| Capital | 10 | €793,259 | €793,259 | = | 0.0% |
| Issued capital | 100 | €793,259 | €793,259 | = | 0.0% |
| Reserves | 13 | €515,673 | €515,673 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,173 | €63,173 | = | 0.0% |
| Legal reserve | 130 | €63,173 | €63,173 | = | 0.0% |
| Distributable reserves | 133 | €452,500 | €452,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€725,180 | -€810,934 | -€85,754 | -11.8% |
| Amounts payable | 17/49 | €10,232 | €10,192 | -€40 | -0.4% |
| Amounts payable within one year | 42/48 | €10,232 | €10,192 | -€40 | -0.4% |
| Trade debts | 44 | €916 | €929 | +€13 | +1.4% |
| Suppliers | 440/4 | €916 | €929 | +€13 | +1.4% |
| Taxes, remuneration and social security | 45 | €9,317 | €9,263 | -€53 | -0.6% |
| Remuneration and social security | 454/9 | €9,317 | €9,263 | -€53 | -0.6% |
| Remuneration, social security and pensions | 62 | €97,978 | €94,892 | -€3,086 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,095 | €19,213 | -€14,882 | -43.6% |
| Other operating charges | 640/8 | €8,470 | €8,179 | -€291 | -3.4% |
| Gross operating margin | 9900 | €41,341 | €36,404 | -€4,937 | -11.9% |
| Operating profit (loss) | 9901 | -€99,203 | -€85,880 | +€13,323 | +13.4% |
| Financial income | 75/76B | €750 | €649 | -€101 | -13.4% |
| Recurring financial income | 75 | €750 | €649 | -€101 | -13.4% |
| Financial charges | 65/66B | €644 | €524 | -€121 | -18.7% |
| Recurring financial charges | 65 | €644 | €524 | -€121 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€99,097 | -€85,754 | +€13,343 | +13.5% |
| Profit (loss) for the period | 9904 | -€99,097 | -€85,754 | +€13,343 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,097 | -€85,754 | +€13,343 | +13.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.