HAGRID: 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.
HAGRID
Largest movements
- Receivables within one year -€35,166
down €35,166 (-94.1%), from €37,351 to €2,185
of which Trade receivables: -€35,166
- Cash +€33,617
up €33,617 (+28.3%), from €118,590 to €152,207
mainly Net result for the year (+€38,034) and Receivables within one year (+€35,166)
- Tangible fixed assets -€11,125
down €11,125 (-3.7%), from €299,493 to €288,368
of which Land and buildings: -€14,815
- Reserves +€38,034
up €38,034 (+77.4%), from €49,135 to €87,169
of which Distributable reserves: +€38,034
- Debts after one year -€23,753
down €23,753 (-20.6%), from €115,375 to €91,622
- Tax, wage and social debts -€13,090
down €13,090 (-31.9%), from €41,062 to €27,972
- Other debts -€11,927
down €11,927 (-99.4%), from €12,000 to €73
- Gross operating margin -€15,081
down €15,081 (-16.1%), from €93,412 to €78,331
- Taxes -€4,332
down €4,332 (-21.6%), from €20,092 to €15,760
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 | €457,158 | €444,468 | -€12,690 | -2.8% |
| Fixed assets | 21/28 | €299,493 | €288,368 | -€11,125 | -3.7% |
| Tangible fixed assets | 22/27 | €299,493 | €288,368 | -€11,125 | -3.7% |
| Land and buildings | 22 | €258,017 | €243,203 | -€14,815 | -5.7% |
| Plant, machinery and equipment | 23 | - | €4,733 | +€4,733 | |
| Furniture and vehicles | 24 | €3,677 | €5,093 | +€1,415 | +38.5% |
| Other tangible fixed assets | 26 | €37,798 | €35,340 | -€2,458 | -6.5% |
| Current assets | 29/58 | €157,665 | €156,101 | -€1,565 | -1.0% |
| Amounts receivable within one year | 40/41 | €37,351 | €2,185 | -€35,166 | -94.1% |
| Trade receivables | 40 | €37,351 | €2,185 | -€35,166 | -94.1% |
| Other amounts receivable | 41 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,590 | €152,207 | +€33,617 | +28.3% |
| Deferred charges and accrued income | 490/1 | €1,724 | €1,708 | -€16 | -0.9% |
| Total equity and liabilities | 10/49 | €457,158 | €444,468 | -€12,690 | -2.8% |
| Equity | 10/15 | €258,274 | €296,308 | +€38,034 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,135 | €87,169 | +€38,034 | +77.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,275 | €85,309 | +€38,034 | +80.5% |
| Profit (loss) carried forward | 14 | €202,938 | €202,938 | = | 0.0% |
| Amounts payable | 17/49 | €198,884 | €148,161 | -€50,724 | -25.5% |
| Amounts payable after more than one year | 17 | €115,375 | €91,622 | -€23,753 | -20.6% |
| Financial debts | 170/4 | €115,375 | €91,622 | -€23,753 | -20.6% |
| Amounts payable within one year | 42/48 | €80,609 | €53,206 | -€27,403 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €23,302 | €23,753 | +€451 | +1.9% |
| Trade debts | 44 | €4,245 | €1,408 | -€2,837 | -66.8% |
| Suppliers | 440/4 | €4,245 | €1,408 | -€2,837 | -66.8% |
| Taxes, remuneration and social security | 45 | €41,062 | €27,972 | -€13,090 | -31.9% |
| Taxes | 450/3 | €41,062 | €27,972 | -€13,090 | -31.9% |
| Other amounts payable | 47/48 | €12,000 | €73 | -€11,927 | -99.4% |
| Accrued charges and deferred income | 492/3 | €2,900 | €3,333 | +€433 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,903 | €18,826 | -€77 | -0.4% |
| Other operating charges | 640/8 | €3,784 | €3,387 | -€397 | -10.5% |
| Gross operating margin | 9900 | €93,412 | €78,331 | -€15,081 | -16.1% |
| Operating profit (loss) | 9901 | €70,725 | €56,118 | -€14,607 | -20.7% |
| Financial income | 75/76B | €5 | €379 | +€374 | +7480.8% |
| Recurring financial income | 75 | €5 | €379 | +€374 | +7480.8% |
| Financial charges | 65/66B | €3,362 | €2,702 | -€660 | -19.6% |
| Recurring financial charges | 65 | €3,362 | €2,702 | -€660 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €67,368 | €53,794 | -€13,573 | -20.1% |
| Income taxes | 67/77 | €20,092 | €15,760 | -€4,332 | -21.6% |
| Profit (loss) for the period | 9904 | €47,275 | €38,034 | -€9,241 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,275 | €38,034 | -€9,241 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.