HAIR MODE: what changed
HAIR MODE
Largest movements
- Current investments +€250,000
up €250,000 (+278%), from €89,995 to €339,995
- Tangible fixed assets -€60,538
down €60,538 (-30.4%), from €199,139 to €138,601
of which Plant, machinery and equipment: -€39,789
- Receivables within one year +€53,181
up €53,181 (+208%), from €25,584 to €78,765
of which Trade receivables: +€49,666
- Stocks and contracts -€40,639
no longer reported in 2025 (was €40,639)
- Cash -€20,309
down €20,309 (-18.1%), from €112,400 to €92,091
mainly Current investments (-€250,000) and Contributions, distributions and other (-€155,966)
- Other debts +€155,966
new in 2025: €155,966
- Reserves +€33,402
up €33,402 (+12.6%), from €265,138 to €298,540
- Tax, wage and social debts -€6,951
down €6,951 (-19.9%), from €34,935 to €27,983
of which Remuneration and social security: -€16,278
- Staff costs -€154,143
down €154,143 (-99.8%), from €154,454 to €312
- Taxes +€62,581
up €62,581 (+270%), from €23,162 to €85,742
- Gross operating margin +€34,690
up €34,690 (+13.1%), from €264,040 to €298,730
- Depreciation -€6,374
down €6,374 (-20.9%), from €30,544 to €24,170
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,860 | €650,405 | +€179,545 | +38.1% |
| Fixed assets | 21/28 | €199,139 | €138,601 | -€60,538 | -30.4% |
| Tangible fixed assets | 22/27 | €199,139 | €138,601 | -€60,538 | -30.4% |
| Land and buildings | 22 | €111,846 | €100,543 | -€11,303 | -10.1% |
| Plant, machinery and equipment | 23 | €60,030 | €20,241 | -€39,789 | -66.3% |
| Furniture and vehicles | 24 | €27,263 | €17,817 | -€9,446 | -34.6% |
| Current assets | 29/58 | €271,721 | €511,804 | +€240,082 | +88.4% |
| Stocks and contracts in progress | 3 | €40,639 | - | -€40,639 | |
| Stocks | 30/36 | €40,639 | - | -€40,639 | |
| Amounts receivable within one year | 40/41 | €25,584 | €78,765 | +€53,181 | +208% |
| Trade receivables | 40 | €1,253 | €50,918 | +€49,666 | +3,964% |
| Other amounts receivable | 41 | €24,331 | €27,847 | +€3,516 | +14.4% |
| Current investments | 50/53 | €89,995 | €339,995 | +€250,000 | +278% |
| Cash at bank and in hand | 54/58 | €112,400 | €92,091 | -€20,309 | -18.1% |
| Deferred charges and accrued income | 490/1 | €3,103 | €952 | -€2,152 | -69.3% |
| Total equity and liabilities | 10/49 | €470,860 | €650,405 | +€179,545 | +38.1% |
| Equity | 10/15 | €432,138 | €465,540 | +€33,402 | +7.7% |
| Contributions | 10/11 | €167,000 | €167,000 | = | 0.0% |
| Reserves | 13 | €265,138 | €298,540 | +€33,402 | +12.6% |
| Distributable reserves | 133 | €265,138 | €298,540 | +€33,402 | +12.6% |
| Amounts payable | 17/49 | €38,722 | €184,865 | +€146,143 | +377% |
| Amounts payable within one year | 42/48 | €38,722 | €184,865 | +€146,143 | +377% |
| Trade debts | 44 | €3,787 | €915 | -€2,872 | -75.8% |
| Suppliers | 440/4 | €3,787 | €915 | -€2,872 | -75.8% |
| Taxes, remuneration and social security | 45 | €34,935 | €27,983 | -€6,951 | -19.9% |
| Taxes | 450/3 | €18,657 | €27,983 | +€9,326 | +50.0% |
| Remuneration and social security | 454/9 | €16,278 | - | -€16,278 | |
| Other amounts payable | 47/48 | - | €155,966 | +€155,966 | |
| Non-recurring operating income | 76A | €122 | €5,948 | +€5,826 | +4,772% |
| Remuneration, social security and pensions | 62 | €154,454 | €312 | -€154,143 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,544 | €24,170 | -€6,374 | -20.9% |
| Other operating charges | 640/8 | €1,643 | €1,410 | -€234 | -14.2% |
| Non-recurring operating charges | 66A | - | €35 | +€35 | |
| Gross operating margin | 9900 | €264,040 | €298,730 | +€34,690 | +13.1% |
| Operating profit (loss) | 9901 | €77,398 | €272,803 | +€195,405 | +252% |
| Financial income | 75/76B | €3,849 | €2,779 | -€1,070 | -27.8% |
| Recurring financial income | 75 | €3,849 | €2,779 | -€1,070 | -27.8% |
| Financial charges | 65/66B | €1,362 | €472 | -€890 | -65.4% |
| Recurring financial charges | 65 | €1,362 | €472 | -€890 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €79,885 | €275,110 | +€195,225 | +244% |
| Income taxes | 67/77 | €23,162 | €85,742 | +€62,581 | +270% |
| Profit (loss) for the period | 9904 | €56,723 | €189,368 | +€132,644 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €56,723 | €189,368 | +€132,644 | +234% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.