HAHBO: 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.
What changed
HAHBO
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€341,971
2024 · €212,325+€129,646
Equity
€1.3m
2024 · €935,896+€341,971
Cash
€16,724
2024 · €5,359+€11,365
Balance sheet total
€2.7m
2024 · €3.4m-€696,063
Largest movements
Assets
- Receivables within one year -€726,945
down €726,945 (-27.6%), from €2.6m to €1.9m
of which Trade receivables: -€682,736
Equity and liabilities
- Other debts -€999,170
down €999,170 (-57.7%), from €1.7m to €733,559
- Reserves +€341,971
up €341,971 (+39.1%), from €873,896 to €1.2m
of which Distributable reserves: +€341,971
- Accrued charges and deferred income -€304,005
no longer reported in 2025 (was €304,005)
- Tax, wage and social debts +€98,819
up €98,819 (+254%), from €38,933 to €137,752
of which Taxes: +€98,106
- Trade debts +€89,712
up €89,712 (+30.5%), from €294,435 to €384,147
Income statement
- Turnover +€476,182
up €476,182 (+16.9%), from €2.8m to €3.3m
- Goods and materials +€285,214
up €285,214 (+23.2%), from €1.2m to €1.5m
of which Purchases: +€229,901
- Services and other goods -€93,881
down €93,881 (-9.5%), from €990,543 to €896,662
- Taxes +€55,715
up €55,715 (+77.0%), from €72,391 to €128,106
- Staff costs +€34,899
up €34,899 (+9.6%), from €362,938 to €397,837
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.
Result 2024
€212,325
Turnover
+€476,182
Other operating income
-€29,353
Goods and materials
-€285,214
Services and other goods
+€93,881
Staff costs
-€34,899
Depreciation
+€8,127
Write-downs
-€827
Provisions
-€24,393
Other operating charges
-€240
Other operating items
-€20,644
Financial income
+€3,138
Financial charges
-€398
Taxes
-€55,715
Result 2025
€341,971
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€43,997
Investment
-€32,632
Financing
€0
Cash 2024
€5,359
From operations (derived)
+€43,997
Net result for the year
+€341,971
Depreciation
+€38,927
Receivables after one year
+€8,105
Stocks and contracts
-€30,194
Receivables within one year
+€726,945
Deferred charges and accrued income
-€3,724
Provisions
+€1,601
Trade debts
+€89,712
Tax, wage and social debts
+€98,819
Advances received
+€75,009
Other debts
-€999,170
Accrued charges and deferred income
-€304,005
Investment (derived)
-€32,632
Investment in fixed assets (net)
-€32,632
Cash 2025
€16,724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,372,732 | €2,676,668 | -€696,063 | -20.6% |
| Fixed assets | 21/28 | €198,436 | €192,140 | -€6,295 | -3.2% |
| Tangible fixed assets | 22/27 | €177,940 | €172,310 | -€5,630 | -3.2% |
| Land and buildings | 22 | €65,323 | €55,273 | -€10,050 | -15.4% |
| Plant, machinery and equipment | 23 | €97,825 | €117,036 | +€19,211 | +19.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €14,792 | €0 | -€14,792 | -100% |
| Financial fixed assets | 28 | €20,496 | €19,831 | -€665 | -3.2% |
| Other financial fixed assets | 284/8 | €20,496 | €19,831 | -€665 | -3.2% |
| Amounts receivable and cash guarantees | 285/8 | €20,496 | €19,831 | -€665 | -3.2% |
| Current assets | 29/58 | €3,174,296 | €2,484,528 | -€689,768 | -21.7% |
| Amounts receivable after more than one year | 29 | €145,948 | €137,843 | -€8,105 | -5.6% |
| Other amounts receivable | 291 | €145,948 | €137,843 | -€8,105 | -5.6% |
| Stocks and contracts in progress | 3 | €388,501 | €418,694 | +€30,194 | +7.8% |
| Stocks | 30/36 | €330,995 | €371,373 | +€40,378 | +12.2% |
| Raw materials and consumables | 30/31 | €330,995 | €371,373 | +€40,378 | +12.2% |
| Contracts in progress | 37 | €57,506 | €47,321 | -€10,184 | -17.7% |
| Amounts receivable within one year | 40/41 | €2,633,860 | €1,906,914 | -€726,945 | -27.6% |
| Trade receivables | 40 | €2,586,023 | €1,903,287 | -€682,736 | -26.4% |
| Other amounts receivable | 41 | €47,837 | €3,627 | -€44,210 | -92.4% |
| Cash at bank and in hand | 54/58 | €5,359 | €16,724 | +€11,365 | +212% |
| Deferred charges and accrued income | 490/1 | €629 | €4,352 | +€3,724 | +592% |
| Total equity and liabilities | 10/49 | €3,372,732 | €2,676,668 | -€696,063 | -20.6% |
| Equity | 10/15 | €935,896 | €1,277,867 | +€341,971 | +36.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €873,896 | €1,215,867 | +€341,971 | +39.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €867,696 | €1,209,667 | +€341,971 | +39.4% |
| Provisions and deferred taxes | 16 | €66,733 | €68,334 | +€1,601 | +2.4% |
| Provisions for liabilities and charges | 160/5 | €66,733 | €68,334 | +€1,601 | +2.4% |
| Other liabilities and charges | 164/5 | €66,733 | €68,334 | +€1,601 | +2.4% |
| Amounts payable | 17/49 | €2,370,103 | €1,330,467 | -€1.0m | -43.9% |
| Amounts payable within one year | 42/48 | €2,066,098 | €1,330,467 | -€735,631 | -35.6% |
| Trade debts | 44 | €294,435 | €384,147 | +€89,712 | +30.5% |
| Suppliers | 440/4 | €294,435 | €384,147 | +€89,712 | +30.5% |
| Advances received on contracts in progress | 46 | - | €75,009 | +€75,009 | |
| Taxes, remuneration and social security | 45 | €38,933 | €137,752 | +€98,819 | +254% |
| Taxes | 450/3 | €26 | €98,132 | +€98,106 | +371,192% |
| Remuneration and social security | 454/9 | €38,907 | €39,620 | +€713 | +1.8% |
| Other amounts payable | 47/48 | €1,732,729 | €733,559 | -€999,170 | -57.7% |
| Accrued charges and deferred income | 492/3 | €304,005 | - | -€304,005 | |
| Operating income | 70/76A | €2,878,314 | €3,304,499 | +€426,185 | +14.8% |
| Turnover | 70 | €2,813,624 | €3,289,805 | +€476,182 | +16.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €10,460 | -€10,184 | -€20,644 | |
| Other operating income | 74 | €54,231 | €24,878 | -€29,353 | -54.1% |
| Operating charges | 60/66A | €2,609,264 | €2,852,828 | +€243,564 | +9.3% |
| Goods for resale, raw materials and consumables | 60 | €1,229,573 | €1,514,786 | +€285,214 | +23.2% |
| Purchases | 600/8 | €1,325,498 | €1,555,399 | +€229,901 | +17.3% |
| Change in stocks: decrease (increase) | 609 | -€95,926 | -€40,613 | +€55,313 | +57.7% |
| Services and other goods | 61 | €990,543 | €896,662 | -€93,881 | -9.5% |
| Remuneration, social security and pensions | 62 | €362,938 | €397,837 | +€34,899 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,054 | €38,927 | -€8,127 | -17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€592 | €235 | +€827 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,792 | €1,601 | +€24,393 | |
| Other operating charges | 640/8 | €2,540 | €2,780 | +€240 | +9.4% |
| Operating profit (loss) | 9901 | €269,050 | €451,671 | +€182,621 | +67.9% |
| Financial income | 75/76B | €16,427 | €19,565 | +€3,138 | +19.1% |
| Recurring financial income | 75 | €16,427 | €19,565 | +€3,138 | +19.1% |
| Other financial income | 752/9 | €16,427 | €19,565 | +€3,138 | +19.1% |
| Financial charges | 65/66B | €760 | €1,158 | +€398 | +52.4% |
| Recurring financial charges | 65 | €760 | €1,158 | +€398 | +52.4% |
| Debt charges | 650 | €58 | €453 | +€395 | +679% |
| Other financial charges | 652/9 | €702 | €706 | +€3 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €284,717 | €470,077 | +€185,361 | +65.1% |
| Income taxes | 67/77 | €72,391 | €128,106 | +€55,715 | +77.0% |
| Taxes | 670/3 | €72,391 | €128,106 | +€55,715 | +77.0% |
| Profit (loss) for the period | 9904 | €212,325 | €341,971 | +€129,646 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €212,325 | €341,971 | +€129,646 | +61.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.