HAGONA: what changed
Two fiscal 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.
HAGONA
Largest movements
- Cash +€58,427
up €58,427 (+100.9%), from €57,917 to €116,344
mainly Net result for the year (+€38,889) and Receivables within one year (+€18,700)
- Receivables within one year -€18,700
down €18,700 (-20.9%), from €89,566 to €70,866
of which Other amounts receivable: -€20,000
- Profit (loss) carried forward +€38,889
up €38,889 (+10.4%), from -€373,303 to -€334,414
- Other debts -€2,186
down €2,186 (-91.1%), from €2,401 to €215
- Tax, wage and social debts +€2,077
up €2,077 (+78.0%), from €2,662 to €4,738
- Gross operating margin -€23,621
down €23,621 (-36.6%), from €64,480 to €40,859
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 | €149,363 | €188,159 | +€38,796 | +26.0% |
| Fixed assets | 21/28 | €986 | €0 | -€986 | -100.0% |
| Tangible fixed assets | 22/27 | €986 | €0 | -€986 | -100.0% |
| Furniture and vehicles | 24 | €986 | €0 | -€986 | -100.0% |
| Current assets | 29/58 | €148,377 | €188,159 | +€39,783 | +26.8% |
| Amounts receivable within one year | 40/41 | €89,566 | €70,866 | -€18,700 | -20.9% |
| Trade receivables | 40 | €35,000 | €36,300 | +€1,300 | +3.7% |
| Other amounts receivable | 41 | €54,566 | €34,566 | -€20,000 | -36.7% |
| Cash at bank and in hand | 54/58 | €57,917 | €116,344 | +€58,427 | +100.9% |
| Deferred charges and accrued income | 490/1 | €894 | €949 | +€55 | +6.2% |
| Total equity and liabilities | 10/49 | €149,363 | €188,159 | +€38,796 | +26.0% |
| Equity | 10/15 | €144,160 | €183,049 | +€38,889 | +27.0% |
| Contributions | 10/11 | €487,000 | €487,000 | = | 0.0% |
| Reserves | 13 | €30,463 | €30,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,463 | €30,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,303 | -€334,414 | +€38,889 | +10.4% |
| Amounts payable | 17/49 | €5,203 | €5,110 | -€93 | -1.8% |
| Amounts payable within one year | 42/48 | €5,062 | €5,110 | +€47 | +0.9% |
| Trade debts | 44 | €0 | €157 | +€157 | |
| Suppliers | 440/4 | €0 | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €2,662 | €4,738 | +€2,077 | +78.0% |
| Taxes | 450/3 | €2,662 | €4,738 | +€2,077 | +78.0% |
| Other amounts payable | 47/48 | €2,401 | €215 | -€2,186 | -91.1% |
| Accrued charges and deferred income | 492/3 | €141 | €0 | -€141 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €986 | -€454 | -31.5% |
| Other operating charges | 640/8 | €1,064 | €869 | -€195 | -18.3% |
| Gross operating margin | 9900 | €64,480 | €40,859 | -€23,621 | -36.6% |
| Operating profit (loss) | 9901 | €61,975 | €39,003 | -€22,972 | -37.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €66 | €114 | +€48 | +72.0% |
| Recurring financial charges | 65 | €66 | €114 | +€48 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €61,909 | €38,889 | -€23,020 | -37.2% |
| Profit (loss) for the period | 9904 | €61,909 | €38,889 | -€23,020 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,909 | €38,889 | -€23,020 | -37.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.