HAI OU: 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.
HAI OU
Largest movements
- Tangible fixed assets -€20,161
down €20,161 (-16.7%), from €120,719 to €100,558
of which Plant, machinery and equipment: -€12,162
- Cash +€9,554
up €9,554 (+246%), from €3,891 to €13,445
mainly Depreciation (+€27,433) and Net result for the year (+€6,942)
- Stocks and contracts +€2,835
up €2,835 (+64.3%), from €4,406 to €7,241
- Receivables within one year +€2,665
up €2,665 (+100%), from €2,664 to €5,329
- Trade debts -€9,000
down €9,000 (-72.3%), from €12,447 to €3,447
- Profit (loss) carried forward +€6,942
up €6,942 (+10.1%), from €68,627 to €75,569
- Other debts -€2,878
down €2,878 (-12.1%), from €23,714 to €20,837
- Current portion of long-term debt -€2,204
no longer reported in 2025 (was €2,204)
- Tax, wage and social debts +€2,032
up €2,032 (+294%), from €692 to €2,724
- Staff costs +€12,084
up €12,084 (+43.4%), from €27,831 to €39,914
- Taxes -€7,255
down €7,255 (-77.5%), from €9,356 to €2,101
- Gross operating margin +€6,375
up €6,375 (+8.9%), from €71,708 to €78,083
- Depreciation +€3,959
up €3,959 (+16.9%), from €23,474 to €27,433
- Financial charges -€3,391
down €3,391 (-66.7%), from €5,085 to €1,693
of which Non-recurring financial charges: -€2,936
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 | €131,680 | €126,573 | -€5,107 | -3.9% |
| Fixed assets | 21/28 | €120,719 | €100,558 | -€20,161 | -16.7% |
| Tangible fixed assets | 22/27 | €120,719 | €100,558 | -€20,161 | -16.7% |
| Land and buildings | 22 | €14,506 | €16,273 | +€1,768 | +12.2% |
| Plant, machinery and equipment | 23 | €61,187 | €49,025 | -€12,162 | -19.9% |
| Furniture and vehicles | 24 | €45,026 | €35,259 | -€9,767 | -21.7% |
| Current assets | 29/58 | €10,961 | €26,015 | +€15,054 | +137% |
| Stocks and contracts in progress | 3 | €4,406 | €7,241 | +€2,835 | +64.3% |
| Stocks | 30/36 | €4,406 | €7,241 | +€2,835 | +64.3% |
| Amounts receivable within one year | 40/41 | €2,664 | €5,329 | +€2,665 | +100% |
| Other amounts receivable | 41 | €2,664 | €5,329 | +€2,665 | +100% |
| Cash at bank and in hand | 54/58 | €3,891 | €13,445 | +€9,554 | +246% |
| Total equity and liabilities | 10/49 | €131,680 | €126,573 | -€5,107 | -3.9% |
| Equity | 10/15 | €68,627 | €75,569 | +€6,942 | +10.1% |
| Profit (loss) carried forward | 14 | €68,627 | €75,569 | +€6,942 | +10.1% |
| Amounts payable | 17/49 | €63,053 | €51,003 | -€12,049 | -19.1% |
| Amounts payable within one year | 42/48 | €63,053 | €51,003 | -€12,049 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €2,204 | - | -€2,204 | |
| Financial debts | 43 | €23,996 | €23,996 | = | 0.0% |
| Other loans | 439 | €23,996 | €23,996 | = | 0.0% |
| Trade debts | 44 | €12,447 | €3,447 | -€9,000 | -72.3% |
| Suppliers | 440/4 | €12,447 | €3,447 | -€9,000 | -72.3% |
| Taxes, remuneration and social security | 45 | €692 | €2,724 | +€2,032 | +294% |
| Remuneration and social security | 454/9 | €692 | €2,724 | +€2,032 | +294% |
| Other amounts payable | 47/48 | €23,714 | €20,837 | -€2,878 | -12.1% |
| Remuneration, social security and pensions | 62 | €27,831 | €39,914 | +€12,084 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,474 | €27,433 | +€3,959 | +16.9% |
| Gross operating margin | 9900 | €71,708 | €78,083 | +€6,375 | +8.9% |
| Operating profit (loss) | 9901 | €20,404 | €10,736 | -€9,668 | -47.4% |
| Financial charges | 65/66B | €5,085 | €1,693 | -€3,391 | -66.7% |
| Recurring financial charges | 65 | €1,549 | €1,093 | -€455 | -29.4% |
| Non-recurring financial charges | 66B | €3,536 | €600 | -€2,936 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €15,319 | €9,043 | -€6,276 | -41.0% |
| Income taxes | 67/77 | €9,356 | €2,101 | -€7,255 | -77.5% |
| Profit (loss) for the period | 9904 | €5,963 | €6,942 | +€979 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,963 | €6,942 | +€979 | +16.4% |
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 19 October 2026 via checked.be.