HAICO: 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.
HAICO
Largest movements
- Receivables within one year +€49,222
up €49,222 (+26.4%), from €186,097 to €235,319
of which Other amounts receivable: +€45,131
- Cash -€9,092
down €9,092 (-83.8%), from €10,847 to €1,756
mainly Receivables within one year (-€49,222) and Debts after one year (-€40,277)
- Reserves +€65,770
up €65,770 (+26.5%), from €247,761 to €313,532
of which Distributable reserves: +€65,770
- Debts after one year -€40,277
down €40,277 (-16.6%), from €242,307 to €202,030
- Trade debts +€13,305
up €13,305 (+92.1%), from €14,440 to €27,746
- Current portion of long-term debt -€6,611
down €6,611 (-14.1%), from €46,888 to €40,277
- Gross operating margin +€27,420
up €27,420 (+25.4%), from €107,889 to €135,309
- Taxes +€6,771
up €6,771 (+34.4%), from €19,662 to €26,433
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 | €610,324 | €641,856 | +€31,532 | +5.2% |
| Fixed assets | 21/28 | €410,540 | €404,781 | -€5,759 | -1.4% |
| Tangible fixed assets | 22/27 | €410,540 | €404,781 | -€5,759 | -1.4% |
| Land and buildings | 22 | €397,378 | €392,716 | -€4,661 | -1.2% |
| Plant, machinery and equipment | 23 | €8,032 | €9,001 | +€969 | +12.1% |
| Furniture and vehicles | 24 | €5,130 | €3,064 | -€2,067 | -40.3% |
| Current assets | 29/58 | €199,784 | €237,075 | +€37,290 | +18.7% |
| Amounts receivable within one year | 40/41 | €186,097 | €235,319 | +€49,222 | +26.4% |
| Trade receivables | 40 | €19,532 | €23,622 | +€4,090 | +20.9% |
| Other amounts receivable | 41 | €166,565 | €211,696 | +€45,131 | +27.1% |
| Cash at bank and in hand | 54/58 | €10,847 | €1,756 | -€9,092 | -83.8% |
| Deferred charges and accrued income | 490/1 | €2,840 | - | -€2,840 | |
| Total equity and liabilities | 10/49 | €610,324 | €641,856 | +€31,532 | +5.2% |
| Equity | 10/15 | €260,161 | €325,932 | +€65,770 | +25.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,761 | €313,532 | +€65,770 | +26.5% |
| 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 | €245,901 | €311,672 | +€65,770 | +26.7% |
| Amounts payable | 17/49 | €350,163 | €315,924 | -€34,239 | -9.8% |
| Amounts payable after more than one year | 17 | €242,307 | €202,030 | -€40,277 | -16.6% |
| Financial debts | 170/4 | €242,307 | €202,030 | -€40,277 | -16.6% |
| Amounts payable within one year | 42/48 | €106,616 | €112,655 | +€6,039 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €46,888 | €40,277 | -€6,611 | -14.1% |
| Financial debts | 43 | €9,676 | €12,364 | +€2,689 | +27.8% |
| Credit institutions | 430/8 | €9,676 | €12,364 | +€2,689 | +27.8% |
| Trade debts | 44 | €14,440 | €27,746 | +€13,305 | +92.1% |
| Suppliers | 440/4 | €14,440 | €27,746 | +€13,305 | +92.1% |
| Taxes, remuneration and social security | 45 | €35,612 | €32,268 | -€3,344 | -9.4% |
| Taxes | 450/3 | €35,612 | €32,268 | -€3,344 | -9.4% |
| Accrued charges and deferred income | 492/3 | €1,240 | €1,239 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,183 | €26,156 | +€973 | +3.9% |
| Other operating charges | 640/8 | €4,679 | €4,043 | -€636 | -13.6% |
| Gross operating margin | 9900 | €107,889 | €135,309 | +€27,420 | +25.4% |
| Operating profit (loss) | 9901 | €78,027 | €105,109 | +€27,083 | +34.7% |
| Financial charges | 65/66B | €12,222 | €12,906 | +€684 | +5.6% |
| Recurring financial charges | 65 | €12,222 | €12,906 | +€684 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €65,804 | €92,203 | +€26,399 | +40.1% |
| Income taxes | 67/77 | €19,662 | €26,433 | +€6,771 | +34.4% |
| Profit (loss) for the period | 9904 | €46,143 | €65,770 | +€19,628 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,143 | €65,770 | +€19,628 | +42.5% |
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.