HAIKARAM: 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.
HAIKARAM
Largest movements
- Intangible fixed assets +€36,264
new in 2025: €36,264
- Receivables within one year +€2,818
up €2,818 (+30.3%), from €9,290 to €12,108
of which Trade receivables: +€3,176
- Stocks and contracts +€2,342
up €2,342 (+686.3%), from €341 to €2,684
- Deferred charges and accrued income -€1,224
down €1,224 (-95.0%), from €1,288 to €64
- Tangible fixed assets -€711
down €711 (-36.2%), from €1,965 to €1,254
- Trade debts +€35,095
up €35,095 (+1527.4%), from €2,298 to €37,392
- Tax, wage and social debts +€6,204
new in 2025: €6,204
of which Remuneration and social security: +€6,201
- Profit (loss) carried forward -€1,355
down €1,355 (-1.6%), from -€85,453 to -€86,809
- Gross operating margin +€31,043
up €31,043, from -€8,339 to €22,703
- Staff costs +€19,303
new in 2025: €19,303
- Depreciation +€2,162
up €2,162 (+1288.2%), from €168 to €2,330
- Other operating charges -€236
down €236 (-9.2%), from €2,568 to €2,332
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 | €15,737 | €55,409 | +€39,673 | +252.1% |
| Fixed assets | 21/28 | €1,965 | €37,518 | +€35,553 | +1809.1% |
| Intangible fixed assets | 21 | - | €36,264 | +€36,264 | |
| Tangible fixed assets | 22/27 | €1,965 | €1,254 | -€711 | -36.2% |
| Furniture and vehicles | 24 | €1,965 | €1,254 | -€711 | -36.2% |
| Current assets | 29/58 | €13,771 | €17,891 | +€4,120 | +29.9% |
| Stocks and contracts in progress | 3 | €341 | €2,684 | +€2,342 | +686.3% |
| Stocks | 30/36 | €341 | €2,684 | +€2,342 | +686.3% |
| Amounts receivable within one year | 40/41 | €9,290 | €12,108 | +€2,818 | +30.3% |
| Trade receivables | 40 | - | €3,176 | +€3,176 | |
| Other amounts receivable | 41 | €9,290 | €8,933 | -€358 | -3.9% |
| Cash at bank and in hand | 54/58 | €2,851 | €3,035 | +€183 | +6.4% |
| Deferred charges and accrued income | 490/1 | €1,288 | €64 | -€1,224 | -95.0% |
| Total equity and liabilities | 10/49 | €15,737 | €55,409 | +€39,673 | +252.1% |
| Equity | 10/15 | -€66,853 | -€68,209 | -€1,355 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,453 | -€86,809 | -€1,355 | -1.6% |
| Amounts payable | 17/49 | €82,590 | €123,618 | +€41,028 | +49.7% |
| Amounts payable within one year | 42/48 | €82,590 | €123,618 | +€41,028 | +49.7% |
| Trade debts | 44 | €2,298 | €37,392 | +€35,095 | +1527.4% |
| Suppliers | 440/4 | €2,298 | €37,392 | +€35,095 | +1527.4% |
| Taxes, remuneration and social security | 45 | - | €6,204 | +€6,204 | |
| Taxes | 450/3 | - | €3 | +€3 | |
| Remuneration and social security | 454/9 | - | €6,201 | +€6,201 | |
| Other amounts payable | 47/48 | €80,292 | €80,021 | -€271 | -0.3% |
| Remuneration, social security and pensions | 62 | - | €19,303 | +€19,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | €2,330 | +€2,162 | +1288.2% |
| Other operating charges | 640/8 | €2,568 | €2,332 | -€236 | -9.2% |
| Gross operating margin | 9900 | -€8,339 | €22,703 | +€31,043 | |
| Operating profit (loss) | 9901 | -€11,076 | -€1,262 | +€9,814 | +88.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €105 | €93 | -€12 | -11.0% |
| Recurring financial charges | 65 | €105 | €93 | -€12 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,181 | -€1,355 | +€9,825 | +87.9% |
| Profit (loss) for the period | 9904 | -€11,181 | -€1,355 | +€9,825 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,181 | -€1,355 | +€9,825 | +87.9% |
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 12 October 2026 via checked.be.