HAIRSPRAY: 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.
HAIRSPRAY
Largest movements
- Tangible fixed assets -€42,939
down €42,939 (-10.3%), from €416,127 to €373,188
of which Land and buildings: -€37,298
- Current investments +€27,164
up €27,164 (+111%), from €24,453 to €51,618
- Cash +€22,992
up €22,992 (+26.3%), from €87,315 to €110,307
mainly Depreciation (+€50,133) and Net result for the year (+€33,579)
- Reserves +€33,579
up €33,579 (+18.9%), from €177,818 to €211,397
- Debts after one year -€32,203
down €32,203 (-10.8%), from €298,945 to €266,742
of which Financial debts: -€24,203
- Gross operating margin +€6,265
up €6,265 (+2.2%), from €286,492 to €292,757
- Staff costs +€5,925
up €5,925 (+3.4%), from €176,829 to €182,754
- Financial income +€3,516
up €3,516 (+614%), from €573 to €4,090
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 | €556,502 | €558,324 | +€1,822 | +0.3% |
| Fixed assets | 21/28 | €416,377 | €373,438 | -€42,939 | -10.3% |
| Tangible fixed assets | 22/27 | €416,127 | €373,188 | -€42,939 | -10.3% |
| Land and buildings | 22 | €402,003 | €364,706 | -€37,298 | -9.3% |
| Plant, machinery and equipment | 23 | €14,124 | €8,482 | -€5,641 | -39.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €140,125 | €184,886 | +€44,761 | +31.9% |
| Stocks and contracts in progress | 3 | €20,553 | €17,682 | -€2,871 | -14.0% |
| Stocks | 30/36 | €20,553 | €17,682 | -€2,871 | -14.0% |
| Amounts receivable within one year | 40/41 | €6,439 | €2,853 | -€3,586 | -55.7% |
| Trade receivables | 40 | €3,291 | €1,916 | -€1,374 | -41.8% |
| Other amounts receivable | 41 | €3,148 | €936 | -€2,212 | -70.3% |
| Current investments | 50/53 | €24,453 | €51,618 | +€27,164 | +111% |
| Cash at bank and in hand | 54/58 | €87,315 | €110,307 | +€22,992 | +26.3% |
| Deferred charges and accrued income | 490/1 | €1,365 | €2,427 | +€1,062 | +77.8% |
| Total equity and liabilities | 10/49 | €556,502 | €558,324 | +€1,822 | +0.3% |
| Equity | 10/15 | €202,318 | €235,897 | +€33,579 | +16.6% |
| Contributions | 10/11 | €24,500 | €24,500 | = | 0.0% |
| Reserves | 13 | €177,818 | €211,397 | +€33,579 | +18.9% |
| Distributable reserves | 133 | €177,818 | €211,397 | +€33,579 | +18.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €354,184 | €322,427 | -€31,757 | -9.0% |
| Amounts payable after more than one year | 17 | €298,945 | €266,742 | -€32,203 | -10.8% |
| Financial debts | 170/4 | €274,695 | €250,492 | -€24,203 | -8.8% |
| Other amounts payable | 178/9 | €24,250 | €16,250 | -€8,000 | -33.0% |
| Amounts payable within one year | 42/48 | €55,239 | €55,685 | +€446 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €26,050 | €24,994 | -€1,055 | -4.1% |
| Financial debts | 43 | €5,088 | €170 | -€4,918 | -96.7% |
| Credit institutions | 430/8 | €5,088 | €170 | -€4,918 | -96.7% |
| Trade debts | 44 | €3,412 | €2,320 | -€1,091 | -32.0% |
| Suppliers | 440/4 | €3,412 | €2,320 | -€1,091 | -32.0% |
| Taxes, remuneration and social security | 45 | €16,370 | €21,581 | +€5,211 | +31.8% |
| Taxes | 450/3 | €5,656 | €10,516 | +€4,860 | +85.9% |
| Remuneration and social security | 454/9 | €10,715 | €11,066 | +€351 | +3.3% |
| Other amounts payable | 47/48 | €4,320 | €6,619 | +€2,299 | +53.2% |
| Non-recurring operating income | 76A | €100 | €0 | -€100 | -100% |
| Remuneration, social security and pensions | 62 | €176,829 | €182,754 | +€5,925 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,520 | €50,133 | +€613 | +1.2% |
| Other operating charges | 640/8 | €3,216 | €3,128 | -€88 | -2.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €286,492 | €292,757 | +€6,265 | +2.2% |
| Operating profit (loss) | 9901 | €56,927 | €56,741 | -€185 | -0.3% |
| Financial income | 75/76B | €573 | €4,090 | +€3,516 | +614% |
| Recurring financial income | 75 | €573 | €4,090 | +€3,516 | +614% |
| Financial charges | 65/66B | €11,650 | €9,237 | -€2,413 | -20.7% |
| Recurring financial charges | 65 | €11,650 | €9,237 | -€2,413 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €45,850 | €51,593 | +€5,744 | +12.5% |
| Income taxes | 67/77 | €18,645 | €18,014 | -€631 | -3.4% |
| Profit (loss) for the period | 9904 | €27,205 | €33,579 | +€6,374 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,205 | €33,579 | +€6,374 | +23.4% |
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 13 October 2026 via checked.be.