HAIL SHIELD: 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.
HAIL SHIELD
Largest movements
- Receivables within one year +€120,885
up €120,885 (+37.0%), from €326,569 to €447,455
of which Other amounts receivable: +€111,565
- Other debts +€111,411
up €111,411 (+28.9%), from €385,820 to €497,232
- Short-term financial debts +€47,945
up €47,945 (+176%), from €27,303 to €75,248
- Trade debts -€39,407
down €39,407 (-11.5%), from €343,310 to €303,903
- Gross operating margin +€2,777
up €2,777 (+52.4%), from €5,296 to €8,073
- Financial charges -€2,127
down €2,127 (-26.6%), from €8,008 to €5,882
- Depreciation +€1,329
up €1,329 (+21.0%), from €6,338 to €7,667
- Other operating charges -€284
down €284 (-14.1%), from €2,009 to €1,725
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 | €826,527 | €939,674 | +€113,147 | +13.7% |
| Fixed assets | 21/28 | €27,154 | €19,488 | -€7,667 | -28.2% |
| Intangible fixed assets | 21 | €10,520 | €7,890 | -€2,630 | -25.0% |
| Tangible fixed assets | 22/27 | €16,634 | €11,597 | -€5,037 | -30.3% |
| Plant, machinery and equipment | 23 | €13,353 | €9,926 | -€3,427 | -25.7% |
| Furniture and vehicles | 24 | €3,282 | €1,672 | -€1,610 | -49.1% |
| Current assets | 29/58 | €799,372 | €920,187 | +€120,814 | +15.1% |
| Stocks and contracts in progress | 3 | €471,500 | €471,500 | = | 0.0% |
| Stocks | 30/36 | €228,000 | €228,000 | = | 0.0% |
| Contracts in progress | 37 | €243,500 | €243,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €326,569 | €447,455 | +€120,885 | +37.0% |
| Trade receivables | 40 | €217,682 | €227,002 | +€9,320 | +4.3% |
| Other amounts receivable | 41 | €108,888 | €220,453 | +€111,565 | +102% |
| Cash at bank and in hand | 54/58 | €332 | €415 | +€83 | +25.0% |
| Deferred charges and accrued income | 490/1 | €971 | €818 | -€154 | -15.8% |
| Total equity and liabilities | 10/49 | €826,527 | €939,674 | +€113,147 | +13.7% |
| Equity | 10/15 | €56,461 | €49,262 | -€7,199 | -12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,461 | €29,262 | -€7,199 | -19.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,461 | €29,262 | -€7,199 | -19.7% |
| Amounts payable | 17/49 | €770,066 | €890,412 | +€120,346 | +15.6% |
| Amounts payable within one year | 42/48 | €770,066 | €890,412 | +€120,346 | +15.6% |
| Financial debts | 43 | €27,303 | €75,248 | +€47,945 | +176% |
| Credit institutions | 430/8 | €27,303 | €75,248 | +€47,945 | +176% |
| Trade debts | 44 | €343,310 | €303,903 | -€39,407 | -11.5% |
| Suppliers | 440/4 | €343,310 | €303,903 | -€39,407 | -11.5% |
| Advances received on contracts in progress | 46 | €10,528 | €10,924 | +€396 | +3.8% |
| Taxes, remuneration and social security | 45 | €3,105 | €3,105 | = | 0.0% |
| Taxes | 450/3 | €3,105 | €3,105 | = | 0.0% |
| Other amounts payable | 47/48 | €385,820 | €497,232 | +€111,411 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,338 | €7,667 | +€1,329 | +21.0% |
| Other operating charges | 640/8 | €2,009 | €1,725 | -€284 | -14.1% |
| Gross operating margin | 9900 | €5,296 | €8,073 | +€2,777 | +52.4% |
| Operating profit (loss) | 9901 | -€3,051 | -€1,319 | +€1,732 | +56.8% |
| Financial income | 75/76B | €8 | €2 | -€5 | -71.4% |
| Recurring financial income | 75 | €8 | €2 | -€5 | -71.4% |
| Financial charges | 65/66B | €8,008 | €5,882 | -€2,127 | -26.6% |
| Recurring financial charges | 65 | €8,008 | €5,882 | -€2,127 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,052 | -€7,199 | +€3,853 | +34.9% |
| Profit (loss) for the period | 9904 | -€11,052 | -€7,199 | +€3,853 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,052 | -€7,199 | +€3,853 | +34.9% |
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 17 October 2026 via checked.be.