HAK-TAT: 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.
HAK-TAT
Largest movements
- Cash +€24,614
up €24,614 (+46.3%), from €53,199 to €77,813
mainly Trade debts (+€61,344) and Depreciation (+€8,126)
- Receivables within one year +€18,903
up €18,903 (+7.2%), from €264,345 to €283,248
of which Trade receivables: +€15,122
- Tangible fixed assets -€6,559
down €6,559 (-54.6%), from €12,013 to €5,454
of which Furniture and vehicles: -€6,261
- Trade debts +€61,344
up €61,344 (+51.0%), from €120,243 to €181,587
- Tax, wage and social debts -€19,496
down €19,496 (-37.8%), from €51,521 to €32,025
of which Taxes: -€25,444
- Profit (loss) carried forward -€4,751
down €4,751 (-2.5%), from €190,812 to €186,061
- Taxes -€93,776
down €93,776 (-89.5%), from €104,788 to €11,013
- Gross operating margin +€21,986
up €21,986 (+29.8%), from €73,674 to €95,661
- Write-downs +€21,619
new in 2025: €21,619
- Staff costs +€12,022
up €12,022 (+56.2%), from €21,394 to €33,416
- Other operating charges +€4,245
up €4,245 (+252.7%), from €1,680 to €5,925
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.
Cash bridge derived
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 | €385,346 | €422,304 | +€36,959 | +9.6% |
| Fixed assets | 21/28 | €12,113 | €5,554 | -€6,559 | -54.1% |
| Tangible fixed assets | 22/27 | €12,013 | €5,454 | -€6,559 | -54.6% |
| Plant, machinery and equipment | 23 | €674 | €376 | -€298 | -44.2% |
| Furniture and vehicles | 24 | €11,340 | €5,079 | -€6,261 | -55.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €373,232 | €416,750 | +€43,518 | +11.7% |
| Stocks and contracts in progress | 3 | €55,184 | €55,690 | +€506 | +0.9% |
| Stocks | 30/36 | €55,184 | €55,690 | +€506 | +0.9% |
| Amounts receivable within one year | 40/41 | €264,345 | €283,248 | +€18,903 | +7.2% |
| Trade receivables | 40 | €256,883 | €272,006 | +€15,122 | +5.9% |
| Other amounts receivable | 41 | €7,462 | €11,242 | +€3,781 | +50.7% |
| Cash at bank and in hand | 54/58 | €53,199 | €77,813 | +€24,614 | +46.3% |
| Deferred charges and accrued income | 490/1 | €505 | - | -€505 | |
| Total equity and liabilities | 10/49 | €385,346 | €422,304 | +€36,959 | +9.6% |
| Equity | 10/15 | €213,444 | €208,693 | -€4,751 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,032 | €4,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,172 | €2,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,812 | €186,061 | -€4,751 | -2.5% |
| Amounts payable | 17/49 | €171,902 | €213,611 | +€41,709 | +24.3% |
| Amounts payable within one year | 42/48 | €171,764 | €213,611 | +€41,848 | +24.4% |
| Trade debts | 44 | €120,243 | €181,587 | +€61,344 | +51.0% |
| Suppliers | 440/4 | €120,243 | €181,587 | +€61,344 | +51.0% |
| Taxes, remuneration and social security | 45 | €51,521 | €32,025 | -€19,496 | -37.8% |
| Taxes | 450/3 | €41,694 | €16,250 | -€25,444 | -61.0% |
| Remuneration and social security | 454/9 | €9,827 | €15,775 | +€5,948 | +60.5% |
| Accrued charges and deferred income | 492/3 | €138 | - | -€138 | |
| Remuneration, social security and pensions | 62 | €21,394 | €33,416 | +€12,022 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,677 | €8,126 | -€1,551 | -16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,619 | +€21,619 | |
| Other operating charges | 640/8 | €1,680 | €5,925 | +€4,245 | +252.7% |
| Non-recurring operating charges | 66A | - | €18,328 | +€18,328 | |
| Gross operating margin | 9900 | €73,674 | €95,661 | +€21,986 | +29.8% |
| Operating profit (loss) | 9901 | €40,924 | €8,246 | -€32,678 | -79.9% |
| Financial income | 75/76B | €3 | €507 | +€504 | +19543.0% |
| Recurring financial income | 75 | €3 | €507 | +€504 | +19543.0% |
| Financial charges | 65/66B | €1,812 | €2,490 | +€679 | +37.5% |
| Recurring financial charges | 65 | €1,812 | €2,490 | +€679 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €39,114 | €6,262 | -€32,852 | -84.0% |
| Income taxes | 67/77 | €104,788 | €11,013 | -€93,776 | -89.5% |
| Profit (loss) for the period | 9904 | -€65,674 | -€4,751 | +€60,923 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,674 | -€4,751 | +€60,923 | +92.8% |
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 11 October 2026 via checked.be.