Hagen Data: 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.
Hagen Data
Largest movements
- Receivables within one year +€21,021
up €21,021 (+59.6%), from €35,288 to €56,308
of which Other amounts receivable: +€24,421
- Cash +€13,381
up €13,381 (+35.6%), from €37,586 to €50,967
mainly Other debts (+€79,141) and Net result for the year (+€33,418)
- Tangible fixed assets -€2,742
down €2,742 (-15.9%), from €17,274 to €14,533
of which Furniture and vehicles: -€2,122
- Other debts +€79,141
up €79,141 (+9213.2%), from €859 to €80,000
- Profit (loss) carried forward -€59,976
no longer reported in 2026 (was €59,976)
- Reserves +€13,393
up €13,393 (+28.9%), from €46,352 to €59,745
- Tax, wage and social debts -€3,961
no longer reported in 2026 (was €3,961)
- Trade debts +€3,361
up €3,361 (+1579.9%), from €213 to €3,573
- Gross operating margin -€3,859
down €3,859 (-8.0%), from €48,072 to €44,213
- Financial income +€1,162
up €1,162 (+65.6%), from €1,773 to €2,935
- Taxes -€1,121
down €1,121 (-10.6%), from €10,601 to €9,480
- Depreciation +€982
up €982 (+43.7%), from €2,247 to €3,229
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,360 | €144,318 | +€31,959 | +28.4% |
| Fixed assets | 21/28 | €17,524 | €14,783 | -€2,742 | -15.6% |
| Tangible fixed assets | 22/27 | €17,274 | €14,533 | -€2,742 | -15.9% |
| Furniture and vehicles | 24 | €7,274 | €5,152 | -€2,122 | -29.2% |
| Other tangible fixed assets | 26 | €10,000 | €9,381 | -€620 | -6.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €94,835 | €129,536 | +€34,700 | +36.6% |
| Amounts receivable after more than one year | 29 | €21,086 | €22,260 | +€1,174 | +5.6% |
| Other amounts receivable | 291 | €21,086 | €22,260 | +€1,174 | +5.6% |
| Amounts receivable within one year | 40/41 | €35,288 | €56,308 | +€21,021 | +59.6% |
| Trade receivables | 40 | €15,839 | €12,439 | -€3,400 | -21.5% |
| Other amounts receivable | 41 | €19,449 | €43,870 | +€24,421 | +125.6% |
| Cash at bank and in hand | 54/58 | €37,586 | €50,967 | +€13,381 | +35.6% |
| Deferred charges and accrued income | 490/1 | €875 | - | -€875 | |
| Total equity and liabilities | 10/49 | €112,360 | €144,318 | +€31,959 | +28.4% |
| Equity | 10/15 | €107,327 | €60,745 | -€46,582 | -43.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,352 | €59,745 | +€13,393 | +28.9% |
| Distributable reserves | 133 | €46,352 | €59,745 | +€13,393 | +28.9% |
| Profit (loss) carried forward | 14 | €59,976 | - | -€59,976 | |
| Amounts payable | 17/49 | €5,032 | €83,573 | +€78,541 | +1560.8% |
| Amounts payable within one year | 42/48 | €5,032 | €83,573 | +€78,541 | +1560.8% |
| Trade debts | 44 | €213 | €3,573 | +€3,361 | +1579.9% |
| Suppliers | 440/4 | €213 | €3,573 | +€3,361 | +1579.9% |
| Taxes, remuneration and social security | 45 | €3,961 | - | -€3,961 | |
| Taxes | 450/3 | €3,961 | - | -€3,961 | |
| Other amounts payable | 47/48 | €859 | €80,000 | +€79,141 | +9213.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,247 | €3,229 | +€982 | +43.7% |
| Other operating charges | 640/8 | €794 | €776 | -€18 | -2.3% |
| Gross operating margin | 9900 | €48,072 | €44,213 | -€3,859 | -8.0% |
| Operating profit (loss) | 9901 | €45,031 | €40,208 | -€4,824 | -10.7% |
| Financial income | 75/76B | €1,773 | €2,935 | +€1,162 | +65.6% |
| Recurring financial income | 75 | €1,773 | €2,935 | +€1,162 | +65.6% |
| Financial charges | 65/66B | €419 | €245 | -€174 | -41.6% |
| Recurring financial charges | 65 | €419 | €245 | -€174 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €46,385 | €42,898 | -€3,487 | -7.5% |
| Income taxes | 67/77 | €10,601 | €9,480 | -€1,121 | -10.6% |
| Profit (loss) for the period | 9904 | €35,783 | €33,418 | -€2,366 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,783 | €33,418 | -€2,366 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.