HAIRFOCUS: 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.
HAIRFOCUS
Largest movements
- Tangible fixed assets -€8,561
down €8,561 (-30.1%), from €28,416 to €19,855
of which Furniture and vehicles: -€9,433
- Cash +€6,266
up €6,266 (+8.4%), from €74,661 to €80,927
mainly Net result for the year (+€28,106) and Depreciation (+€15,605)
- Receivables within one year -€5,166
down €5,166 (-27.4%), from €18,826 to €13,660
of which Other amounts receivable: -€5,085
- Stocks and contracts -€4,080
down €4,080 (-7.3%), from €56,042 to €51,962
- Other debts -€14,329
down €14,329 (-56.0%), from €25,586 to €11,256
- Reserves +€10,479
up €10,479 (+9.8%), from €106,516 to €116,995
- Advances received -€9,852
down €9,852 (-100%), from €9,852 to €0
- Current portion of long-term debt -€5,655
down €5,655 (-100%), from €5,655 to €0
- Tax, wage and social debts +€5,535
up €5,535 (+56.2%), from €9,855 to €15,390
- Gross operating margin +€19,989
up €19,989 (+48.0%), from €41,632 to €61,621
- Taxes +€7,596
up €7,596 (+110%), from €6,915 to €14,511
- Financial charges -€1,538
down €1,538 (-40.7%), from €3,782 to €2,245
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 | €178,242 | €166,403 | -€11,839 | -6.6% |
| Fixed assets | 21/28 | €28,416 | €19,855 | -€8,561 | -30.1% |
| Tangible fixed assets | 22/27 | €28,416 | €19,855 | -€8,561 | -30.1% |
| Land and buildings | 22 | €18,983 | €19,855 | +€872 | +4.6% |
| Furniture and vehicles | 24 | €9,433 | €0 | -€9,433 | -100% |
| Current assets | 29/58 | €149,826 | €146,548 | -€3,278 | -2.2% |
| Stocks and contracts in progress | 3 | €56,042 | €51,962 | -€4,080 | -7.3% |
| Stocks | 30/36 | €56,042 | €51,962 | -€4,080 | -7.3% |
| Amounts receivable within one year | 40/41 | €18,826 | €13,660 | -€5,166 | -27.4% |
| Trade receivables | 40 | €13,741 | €13,660 | -€81 | -0.6% |
| Other amounts receivable | 41 | €5,085 | €0 | -€5,085 | -100% |
| Cash at bank and in hand | 54/58 | €74,661 | €80,927 | +€6,266 | +8.4% |
| Deferred charges and accrued income | 490/1 | €297 | €0 | -€297 | -100% |
| Total equity and liabilities | 10/49 | €178,242 | €166,403 | -€11,839 | -6.6% |
| Equity | 10/15 | €125,116 | €135,595 | +€10,479 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,516 | €116,995 | +€10,479 | +9.8% |
| Distributable reserves | 133 | €106,516 | €116,995 | +€10,479 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,125 | €30,808 | -€22,318 | -42.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €53,125 | €30,808 | -€22,318 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €5,655 | €0 | -€5,655 | -100% |
| Trade debts | 44 | €2,178 | €4,161 | +€1,984 | +91.1% |
| Suppliers | 440/4 | €2,178 | €4,161 | +€1,984 | +91.1% |
| Advances received on contracts in progress | 46 | €9,852 | €0 | -€9,852 | -100% |
| Taxes, remuneration and social security | 45 | €9,855 | €15,390 | +€5,535 | +56.2% |
| Taxes | 450/3 | €9,855 | €15,390 | +€5,535 | +56.2% |
| Other amounts payable | 47/48 | €25,586 | €11,256 | -€14,329 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,769 | €15,605 | -€165 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €401 | €0 | -€401 | -100% |
| Other operating charges | 640/8 | €2,290 | €2,372 | +€82 | +3.6% |
| Gross operating margin | 9900 | €41,632 | €61,621 | +€19,989 | +48.0% |
| Operating profit (loss) | 9901 | €23,172 | €43,645 | +€20,473 | +88.4% |
| Financial income | 75/76B | €1,244 | €1,217 | -€27 | -2.2% |
| Recurring financial income | 75 | €1,244 | €1,217 | -€27 | -2.2% |
| Financial charges | 65/66B | €3,782 | €2,245 | -€1,538 | -40.7% |
| Recurring financial charges | 65 | €3,782 | €2,245 | -€1,538 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €20,633 | €42,617 | +€21,984 | +107% |
| Income taxes | 67/77 | €6,915 | €14,511 | +€7,596 | +110% |
| Profit (loss) for the period | 9904 | €13,718 | €28,106 | +€14,388 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €13,718 | €28,106 | +€14,388 | +105% |
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 31 October 2026 via checked.be.