HAGO SOLUTIONS: 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.
HAGO SOLUTIONS
Largest movements
- Tangible fixed assets -€15,946
down €15,946 (-28.4%), from €56,146 to €40,200
of which Furniture and vehicles: -€14,128
- Cash -€10,698
down €10,698 (-58.5%), from €18,287 to €7,589
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€10,357)
- Receivables within one year +€1,218
up €1,218 (+4.5%), from €27,125 to €28,343
of which Other amounts receivable: +€9,406
- Profit (loss) carried forward -€15,026
down €15,026 (-17.9%), from €83,814 to €68,788
- Tax, wage and social debts -€10,357
down €10,357 (-56.1%), from €18,474 to €8,116
- Gross operating margin +€12,931
up €12,931 (+47.3%), from €27,311 to €40,242
- Taxes +€2,099
up €2,099 (+67.6%), from €3,107 to €5,207
- Financial income -€996
down €996 (-97.2%), from €1,025 to €29
- Depreciation +€609
up €609 (+3.3%), from €18,196 to €18,805
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 | €106,046 | €79,704 | -€26,341 | -24.8% |
| Fixed assets | 21/28 | €60,083 | €43,144 | -€16,938 | -28.2% |
| Intangible fixed assets | 21 | €3,937 | €2,945 | -€992 | -25.2% |
| Tangible fixed assets | 22/27 | €56,146 | €40,200 | -€15,946 | -28.4% |
| Furniture and vehicles | 24 | €39,734 | €25,605 | -€14,128 | -35.6% |
| Other tangible fixed assets | 26 | €16,412 | €14,594 | -€1,818 | -11.1% |
| Current assets | 29/58 | €45,963 | €36,560 | -€9,403 | -20.5% |
| Amounts receivable within one year | 40/41 | €27,125 | €28,343 | +€1,218 | +4.5% |
| Trade receivables | 40 | €25,233 | €17,044 | -€8,189 | -32.5% |
| Other amounts receivable | 41 | €1,893 | €11,299 | +€9,406 | +497% |
| Cash at bank and in hand | 54/58 | €18,287 | €7,589 | -€10,698 | -58.5% |
| Deferred charges and accrued income | 490/1 | €550 | €628 | +€78 | +14.1% |
| Total equity and liabilities | 10/49 | €106,046 | €79,704 | -€26,341 | -24.8% |
| Equity | 10/15 | €85,814 | €70,788 | -€15,026 | -17.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,814 | €68,788 | -€15,026 | -17.9% |
| Amounts payable | 17/49 | €20,232 | €8,916 | -€11,316 | -55.9% |
| Amounts payable within one year | 42/48 | €19,432 | €8,116 | -€11,316 | -58.2% |
| Taxes, remuneration and social security | 45 | €18,474 | €8,116 | -€10,357 | -56.1% |
| Taxes | 450/3 | €18,474 | €8,116 | -€10,357 | -56.1% |
| Other amounts payable | 47/48 | €958 | - | -€958 | |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,196 | €18,805 | +€609 | +3.3% |
| Other operating charges | 640/8 | €1,060 | €971 | -€89 | -8.4% |
| Gross operating margin | 9900 | €27,311 | €40,242 | +€12,931 | +47.3% |
| Operating profit (loss) | 9901 | €8,056 | €20,466 | +€12,410 | +154% |
| Financial income | 75/76B | €1,025 | €29 | -€996 | -97.2% |
| Recurring financial income | 75 | €1,025 | €29 | -€996 | -97.2% |
| Financial charges | 65/66B | €109 | €314 | +€204 | +187% |
| Recurring financial charges | 65 | €109 | €314 | +€204 | +187% |
| Profit (loss) for the period before taxes | 9903 | €8,971 | €20,181 | +€11,210 | +125% |
| Income taxes | 67/77 | €3,107 | €5,207 | +€2,099 | +67.6% |
| Profit (loss) for the period | 9904 | €5,864 | €14,974 | +€9,110 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €5,864 | €14,974 | +€9,110 | +155% |
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 18 October 2026 via checked.be.