HAIRONG: what changed
HAIRONG
Largest movements
- Cash -€11,220
down €11,220 (-75.8%), from €14,809 to €3,589
mainly Net result for the year (-€17,404) and Receivables within one year (-€2,045)
- Stocks and contracts -€9,818
no longer reported in 2025 (was €9,818)
- Receivables within one year +€2,045
up €2,045 (+12.7%), from €16,129 to €18,174
- Profit (loss) carried forward -€17,404
down €17,404 (-83.7%), from €20,796 to €3,393
- Tax, wage and social debts -€1,589
no longer reported in 2025 (was €1,589)
- Gross operating margin -€31,174
down €31,174, from €13,361 to -€17,813
- Taxes -€2,789
no longer reported in 2025 (was €2,789)
- Other operating charges -€1,870
down €1,870 (-86.4%), from €2,164 to €294
- Financial income +€911
new in 2025: €911
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 | €42,345 | €23,353 | -€18,993 | -44.9% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €40,845 | €21,853 | -€18,993 | -46.5% |
| Stocks and contracts in progress | 3 | €9,818 | - | -€9,818 | |
| Contracts in progress | 37 | €9,818 | - | -€9,818 | |
| Amounts receivable within one year | 40/41 | €16,129 | €18,174 | +€2,045 | +12.7% |
| Other amounts receivable | 41 | €16,129 | €18,174 | +€2,045 | +12.7% |
| Cash at bank and in hand | 54/58 | €14,809 | €3,589 | -€11,220 | -75.8% |
| Deferred charges and accrued income | 490/1 | €90 | €90 | = | 0.0% |
| Total equity and liabilities | 10/49 | €42,345 | €23,353 | -€18,993 | -44.9% |
| Equity | 10/15 | €40,756 | €23,353 | -€17,404 | -42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,360 | €1,360 | = | 0.0% |
| Distributable reserves | 133 | €1,360 | €1,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,796 | €3,393 | -€17,404 | -83.7% |
| Amounts payable | 17/49 | €1,589 | - | -€1,589 | |
| Amounts payable within one year | 42/48 | €1,589 | - | -€1,589 | |
| Taxes, remuneration and social security | 45 | €1,589 | - | -€1,589 | |
| Taxes | 450/3 | €1,589 | - | -€1,589 | |
| Other operating charges | 640/8 | €2,164 | €294 | -€1,870 | -86.4% |
| Gross operating margin | 9900 | €13,361 | -€17,813 | -€31,174 | |
| Operating profit (loss) | 9901 | €11,197 | -€18,107 | -€29,304 | |
| Financial income | 75/76B | - | €911 | +€911 | |
| Recurring financial income | 75 | - | €911 | +€911 | |
| Financial charges | 65/66B | €221 | €207 | -€13 | -6.0% |
| Recurring financial charges | 65 | €221 | €207 | -€13 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €10,976 | -€17,404 | -€28,380 | |
| Income taxes | 67/77 | €2,789 | - | -€2,789 | |
| Profit (loss) for the period | 9904 | €8,187 | -€17,404 | -€25,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,187 | -€17,404 | -€25,591 |
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 7 November 2026 via checked.be.