HAKI: what changed
What changed
HAKI
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
-€275,470
2024 · -€240,853-€34,617
Equity
€1.4m
2024 · €1.7m-€275,470
Cash
€345,714
2024 · €818,259-€472,546
Balance sheet total
€2.0m
2024 · €2.2m-€188,411
Largest movements
Assets
- Tangible fixed assets +€608,808
up €608,808 (+299%), from €203,423 to €812,231
of which Leasing and similar rights: +€404,368
- Cash -€472,546
down €472,546 (-57.8%), from €818,259 to €345,714
mainly Investment in fixed assets (net) (-€723,819) and Net result for the year (-€275,470)
- Receivables within one year -€219,349
down €219,349 (-31.1%), from €706,390 to €487,041
of which Other amounts receivable: -€170,304
- Stocks and contracts -€105,409
down €105,409 (-23.9%), from €440,813 to €335,404
of which Contracts in progress: -€93,413
Equity and liabilities
- Profit (loss) carried forward -€275,470
down €275,470 (-31.1%), from €884,413 to €608,943
- Debts after one year +€197,569
new in 2025: €197,569
- Trade debts -€145,205
down €145,205 (-43.7%), from €332,371 to €187,166
- Current portion of long-term debt +€60,609
new in 2025: €60,609
- Tax, wage and social debts -€36,914
down €36,914 (-18.1%), from €203,701 to €166,787
of which Remuneration and social security: -€34,700
Income statement
- Gross operating margin -€142,034
down €142,034 (-13.4%), from €1.1m to €916,903
- Staff costs -€107,897
down €107,897 (-9.0%), from €1.2m to €1.1m
- Depreciation +€55,506
up €55,506 (+90.0%), from €61,706 to €117,211
- Write-downs -€44,224
new in 2025: -€44,224
- Financial charges -€14,363
down €14,363 (-36.2%), from €39,710 to €25,347
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.
Result 2024
-€240,853
Gross operating margin
-€142,034
Staff costs
+€107,897
Depreciation
-€55,506
Write-downs
+€44,224
Other operating charges
-€2,380
Financial income
-€1,321
Financial charges
+€14,363
Taxes
+€139
Result 2025
-€275,470
raises the resultlowers the result
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.
From operations
-€7,517
Investment
-€723,207
Financing
+€258,178
Cash 2024
€818,259
From operations (derived)
-€7,517
Net result for the year
-€275,470
Depreciation
+€117,211
Stocks and contracts
+€105,409
Receivables within one year
+€219,349
Deferred charges and accrued income
-€2,897
Trade debts
-€145,205
Tax, wage and social debts
-€36,914
Accrued charges and deferred income
+€11,000
Investment (derived)
-€723,207
Investment in fixed assets (net)
-€723,819
Current investments
+€612
Financing
+€258,178
Debts after one year
+€197,569
Current portion of long-term debt
+€60,609
Cash 2025
€345,714
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,192,135 | €2,003,724 | -€188,411 | -8.6% |
| Fixed assets | 21/28 | €213,072 | €819,680 | +€606,608 | +285% |
| Intangible fixed assets | 21 | €8,621 | €6,421 | -€2,200 | -25.5% |
| Tangible fixed assets | 22/27 | €203,423 | €812,231 | +€608,808 | +299% |
| Plant, machinery and equipment | 23 | €48,009 | €271,436 | +€223,426 | +465% |
| Furniture and vehicles | 24 | €152,884 | €134,152 | -€18,733 | -12.3% |
| Leasing and similar rights | 25 | - | €404,368 | +€404,368 | |
| Other tangible fixed assets | 26 | €2,529 | €2,276 | -€254 | -10.0% |
| Financial fixed assets | 28 | €1,028 | €1,028 | = | 0.0% |
| Current assets | 29/58 | €1,979,063 | €1,184,044 | -€795,019 | -40.2% |
| Stocks and contracts in progress | 3 | €440,813 | €335,404 | -€105,409 | -23.9% |
| Stocks | 30/36 | €291,697 | €279,700 | -€11,997 | -4.1% |
| Contracts in progress | 37 | €149,116 | €55,704 | -€93,413 | -62.6% |
| Amounts receivable within one year | 40/41 | €706,390 | €487,041 | -€219,349 | -31.1% |
| Trade receivables | 40 | €523,858 | €474,813 | -€49,045 | -9.4% |
| Other amounts receivable | 41 | €182,532 | €12,228 | -€170,304 | -93.3% |
| Current investments | 50/53 | €612 | €0 | -€612 | -100% |
| Cash at bank and in hand | 54/58 | €818,259 | €345,714 | -€472,546 | -57.8% |
| Deferred charges and accrued income | 490/1 | €12,989 | €15,886 | +€2,897 | +22.3% |
| Total equity and liabilities | 10/49 | €2,192,135 | €2,003,724 | -€188,411 | -8.6% |
| Equity | 10/15 | €1,656,063 | €1,380,593 | -€275,470 | -16.6% |
| Contributions | 10/11 | €701,500 | €701,500 | = | 0.0% |
| Capital | 10 | €701,500 | €701,500 | = | 0.0% |
| Issued capital | 100 | €701,500 | €701,500 | = | 0.0% |
| Reserves | 13 | €70,150 | €70,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,150 | €70,150 | = | 0.0% |
| Legal reserve | 130 | €70,150 | €70,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €884,413 | €608,943 | -€275,470 | -31.1% |
| Amounts payable | 17/49 | €536,072 | €623,132 | +€87,059 | +16.2% |
| Amounts payable after more than one year | 17 | - | €197,569 | +€197,569 | |
| Financial debts | 170/4 | - | €197,569 | +€197,569 | |
| Amounts payable within one year | 42/48 | €536,072 | €414,563 | -€121,510 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | - | €60,609 | +€60,609 | |
| Trade debts | 44 | €332,371 | €187,166 | -€145,205 | -43.7% |
| Suppliers | 440/4 | €332,371 | €187,166 | -€145,205 | -43.7% |
| Taxes, remuneration and social security | 45 | €203,701 | €166,787 | -€36,914 | -18.1% |
| Taxes | 450/3 | €9,116 | €6,902 | -€2,214 | -24.3% |
| Remuneration and social security | 454/9 | €194,585 | €159,885 | -€34,700 | -17.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €11,000 | +€11,000 | |
| Non-recurring operating income | 76A | €25,000 | €125,493 | +€100,493 | +402% |
| Remuneration, social security and pensions | 62 | €1,196,037 | €1,088,140 | -€107,897 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,706 | €117,211 | +€55,506 | +90.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€44,224 | -€44,224 | |
| Other operating charges | 640/8 | €6,642 | €9,022 | +€2,380 | +35.8% |
| Gross operating margin | 9900 | €1,058,936 | €916,903 | -€142,034 | -13.4% |
| Operating profit (loss) | 9901 | -€205,448 | -€253,247 | -€47,799 | -23.3% |
| Financial income | 75/76B | €5,057 | €3,736 | -€1,321 | -26.1% |
| Recurring financial income | 75 | €5,057 | €3,736 | -€1,321 | -26.1% |
| Financial charges | 65/66B | €39,710 | €25,347 | -€14,363 | -36.2% |
| Recurring financial charges | 65 | €39,710 | €25,347 | -€14,363 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€240,102 | -€274,858 | -€34,757 | -14.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €751 | €612 | -€139 | -18.5% |
| Profit (loss) for the period | 9904 | -€240,853 | -€275,470 | -€34,617 | -14.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€240,853 | -€275,470 | -€34,617 | -14.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.