Hagenbroeck: what changed
Hagenbroeck
Largest movements
- Cash +€2,677
up €2,677 (+246%), from €1,090 to €3,767
mainly Depreciation (+€11,979) and Net result for the year (+€7,399)
- Deferred charges and accrued income +€2,561
up €2,561 (+98.5%), from €2,601 to €5,162
- Tangible fixed assets -€2,322
down €2,322 (-2.3%), from €100,139 to €97,817
of which Land and buildings: -€1,927
- Other debts -€8,049
down €8,049 (-30.5%), from €26,432 to €18,383
- Reserves +€7,400
up €7,400 (+9.6%), from €77,069 to €84,469
- Tax, wage and social debts +€4,297
up €4,297 (+732%), from €587 to €4,884
- Gross operating margin +€24,458
up €24,458 (+556%), from €4,400 to €28,858
- Taxes +€4,434
new in 2025: €4,434
- Other operating charges -€663
down €663 (-16.8%), from €3,940 to €3,277
- Financial charges -€403
down €403 (-18.6%), from €2,172 to €1,769
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,830 | €106,746 | +€2,916 | +2.8% |
| Fixed assets | 21/28 | €100,139 | €97,817 | -€2,322 | -2.3% |
| Tangible fixed assets | 22/27 | €100,139 | €97,817 | -€2,322 | -2.3% |
| Land and buildings | 22 | €95,416 | €93,489 | -€1,927 | -2.0% |
| Plant, machinery and equipment | 23 | €3,219 | €3,354 | +€135 | +4.2% |
| Furniture and vehicles | 24 | €1,504 | €974 | -€530 | -35.2% |
| Current assets | 29/58 | €3,691 | €8,929 | +€5,238 | +142% |
| Cash at bank and in hand | 54/58 | €1,090 | €3,767 | +€2,677 | +246% |
| Deferred charges and accrued income | 490/1 | €2,601 | €5,162 | +€2,561 | +98.5% |
| Total equity and liabilities | 10/49 | €103,830 | €106,746 | +€2,916 | +2.8% |
| Equity | 10/15 | €75,971 | €83,370 | +€7,399 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,069 | €84,469 | +€7,400 | +9.6% |
| Distributable reserves | 133 | €77,069 | €84,469 | +€7,400 | +9.6% |
| Profit (loss) carried forward | 14 | -€19,698 | -€19,699 | -€1 | 0.0% |
| Amounts payable | 17/49 | €27,859 | €23,376 | -€4,483 | -16.1% |
| Amounts payable within one year | 42/48 | €27,859 | €23,376 | -€4,483 | -16.1% |
| Trade debts | 44 | €840 | €109 | -€731 | -87.0% |
| Suppliers | 440/4 | €840 | €109 | -€731 | -87.0% |
| Taxes, remuneration and social security | 45 | €587 | €4,884 | +€4,297 | +732% |
| Taxes | 450/3 | €587 | €4,884 | +€4,297 | +732% |
| Other amounts payable | 47/48 | €26,432 | €18,383 | -€8,049 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,704 | €11,979 | +€275 | +2.3% |
| Other operating charges | 640/8 | €3,940 | €3,277 | -€663 | -16.8% |
| Gross operating margin | 9900 | €4,400 | €28,858 | +€24,458 | +556% |
| Operating profit (loss) | 9901 | -€11,244 | €13,602 | +€24,846 | |
| Financial charges | 65/66B | €2,172 | €1,769 | -€403 | -18.6% |
| Recurring financial charges | 65 | €2,172 | €1,769 | -€403 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,416 | €11,833 | +€25,249 | |
| Income taxes | 67/77 | - | €4,434 | +€4,434 | |
| Profit (loss) for the period | 9904 | -€13,416 | €7,399 | +€20,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,416 | €7,399 | +€20,815 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.