HAHO: 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.
HAHO
Largest movements
- Cash +€10,196
up €10,196 (+107%), from €9,492 to €19,688
mainly Depreciation (+€9,441) and Receivables within one year (+€9,198)
- Receivables within one year -€9,198
down €9,198 (-57.0%), from €16,127 to €6,929
of which Trade receivables: -€4,895
- Tangible fixed assets -€8,368
down €8,368 (-21.4%), from €39,019 to €30,652
of which Furniture and vehicles: -€9,382
- Profit (loss) carried forward -€5,365
down €5,365 (-18.4%), from €29,088 to €23,724
- Tax, wage and social debts -€4,031
down €4,031 (-28.5%), from €14,145 to €10,114
of which Remuneration and social security: -€3,790
- Other debts +€3,168
new in 2025: €3,168
- Trade debts -€1,142
down €1,142 (-73.8%), from €1,547 to €405
- Financial income -€6,673
down €6,673 (-100.0%), from €6,674 to €1
of which Non-recurring financial income: -€6,674
- Other operating charges +€2,200
up €2,200 (+112%), from €1,966 to €4,166
- Depreciation +€1,521
up €1,521 (+19.2%), from €7,920 to €9,441
- Taxes -€852
no longer reported in 2025 (was €852)
- Gross operating margin +€739
up €739 (+9.7%), from €7,656 to €8,395
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 | €64,893 | €57,523 | -€7,370 | -11.4% |
| Fixed assets | 21/28 | €39,274 | €30,906 | -€8,368 | -21.3% |
| Tangible fixed assets | 22/27 | €39,019 | €30,652 | -€8,368 | -21.4% |
| Plant, machinery and equipment | 23 | €57 | €1,072 | +€1,014 | +1,774% |
| Furniture and vehicles | 24 | €38,962 | €29,580 | -€9,382 | -24.1% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €25,619 | €26,617 | +€998 | +3.9% |
| Amounts receivable within one year | 40/41 | €16,127 | €6,929 | -€9,198 | -57.0% |
| Trade receivables | 40 | €8,596 | €3,701 | -€4,895 | -56.9% |
| Other amounts receivable | 41 | €7,532 | €3,229 | -€4,303 | -57.1% |
| Cash at bank and in hand | 54/58 | €9,492 | €19,688 | +€10,196 | +107% |
| Total equity and liabilities | 10/49 | €64,893 | €57,523 | -€7,370 | -11.4% |
| Equity | 10/15 | €49,200 | €43,835 | -€5,365 | -10.9% |
| Contributions | 10/11 | €20,112 | €20,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,088 | €23,724 | -€5,365 | -18.4% |
| Amounts payable | 17/49 | €15,693 | €13,688 | -€2,005 | -12.8% |
| Amounts payable within one year | 42/48 | €15,693 | €13,688 | -€2,005 | -12.8% |
| Trade debts | 44 | €1,547 | €405 | -€1,142 | -73.8% |
| Suppliers | 440/4 | €1,547 | €405 | -€1,142 | -73.8% |
| Taxes, remuneration and social security | 45 | €14,145 | €10,114 | -€4,031 | -28.5% |
| Taxes | 450/3 | €10,356 | €10,114 | -€242 | -2.3% |
| Remuneration and social security | 454/9 | €3,790 | - | -€3,790 | |
| Other amounts payable | 47/48 | - | €3,168 | +€3,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,920 | €9,441 | +€1,521 | +19.2% |
| Other operating charges | 640/8 | €1,966 | €4,166 | +€2,200 | +112% |
| Gross operating margin | 9900 | €7,656 | €8,395 | +€739 | +9.7% |
| Operating profit (loss) | 9901 | -€2,231 | -€5,212 | -€2,981 | -134% |
| Financial income | 75/76B | €6,674 | €1 | -€6,673 | -100.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +433% |
| Non-recurring financial income | 76B | €6,674 | - | -€6,674 | |
| Financial charges | 65/66B | €191 | €154 | -€37 | -19.5% |
| Recurring financial charges | 65 | €191 | €154 | -€37 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €4,252 | -€5,365 | -€9,617 | |
| Income taxes | 67/77 | €852 | - | -€852 | |
| Profit (loss) for the period | 9904 | €3,400 | -€5,365 | -€8,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,400 | -€5,365 | -€8,765 |
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 26 October 2026 via checked.be.