HAKO: what changed
Two fiscal 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.
HAKO
Largest movements
- Cash +€131,156
up €131,156 (+1135.0%), from €11,556 to €142,712
mainly Stocks and contracts (+€113,713) and Net result for the year (+€61,921)
- Stocks and contracts -€113,713
down €113,713 (-22.6%), from €502,127 to €388,414
- Tangible fixed assets -€19,165
down €19,165 (-12.8%), from €150,105 to €130,939
- Reserves +€61,921
up €61,921 (+38.1%), from €162,455 to €224,376
of which Distributable reserves: +€61,921
- Debts after one year -€44,368
down €44,368 (-38.6%), from €115,061 to €70,694
- Other debts -€9,918
down €9,918 (-15.3%), from €64,722 to €54,804
- Tax, wage and social debts -€7,679
down €7,679 (-54.1%), from €14,188 to €6,509
of which Taxes: -€7,843
- Gross operating margin +€16,657
up €16,657 (+13.2%), from €125,769 to €142,426
- Depreciation -€12,817
down €12,817 (-37.9%), from €33,834 to €21,017
- Staff costs +€6,811
up €6,811 (+30.2%), from €22,587 to €29,397
- Taxes +€3,033
up €3,033 (+21.2%), from €14,304 to €17,337
- Financial charges +€2,883
up €2,883 (+62.8%), from €4,593 to €7,476
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €676,003 | €672,330 | -€3,673 | -0.5% |
| Fixed assets | 21/28 | €152,805 | €133,639 | -€19,165 | -12.5% |
| Tangible fixed assets | 22/27 | €150,105 | €130,939 | -€19,165 | -12.8% |
| Land and buildings | 22 | €105,000 | €97,500 | -€7,500 | -7.1% |
| Plant, machinery and equipment | 23 | €10,105 | €7,039 | -€3,065 | -30.3% |
| Furniture and vehicles | 24 | €35,000 | €26,400 | -€8,600 | -24.6% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €523,198 | €538,690 | +€15,492 | +3.0% |
| Stocks and contracts in progress | 3 | €502,127 | €388,414 | -€113,713 | -22.6% |
| Stocks | 30/36 | €502,127 | €388,414 | -€113,713 | -22.6% |
| Amounts receivable within one year | 40/41 | €8,615 | €7,565 | -€1,050 | -12.2% |
| Trade receivables | 40 | €8,615 | €2,790 | -€5,825 | -67.6% |
| Other amounts receivable | 41 | - | €4,775 | +€4,775 | |
| Cash at bank and in hand | 54/58 | €11,556 | €142,712 | +€131,156 | +1135.0% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €676,003 | €672,330 | -€3,673 | -0.5% |
| Equity | 10/15 | €168,655 | €230,576 | +€61,921 | +36.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €162,455 | €224,376 | +€61,921 | +38.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,595 | €222,516 | +€61,921 | +38.6% |
| Amounts payable | 17/49 | €507,348 | €441,754 | -€65,594 | -12.9% |
| Amounts payable after more than one year | 17 | €115,061 | €70,694 | -€44,368 | -38.6% |
| Financial debts | 170/4 | €115,061 | €70,694 | -€44,368 | -38.6% |
| Amounts payable within one year | 42/48 | €392,286 | €371,060 | -€21,226 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €31,148 | €24,844 | -€6,305 | -20.2% |
| Trade debts | 44 | €282,228 | €284,903 | +€2,675 | +0.9% |
| Suppliers | 440/4 | €282,228 | €284,903 | +€2,675 | +0.9% |
| Taxes, remuneration and social security | 45 | €14,188 | €6,509 | -€7,679 | -54.1% |
| Taxes | 450/3 | €12,817 | €4,974 | -€7,843 | -61.2% |
| Remuneration and social security | 454/9 | €1,371 | €1,535 | +€165 | +12.0% |
| Other amounts payable | 47/48 | €64,722 | €54,804 | -€9,918 | -15.3% |
| Remuneration, social security and pensions | 62 | €22,587 | €29,397 | +€6,811 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,834 | €21,017 | -€12,817 | -37.9% |
| Other operating charges | 640/8 | €5,557 | €5,278 | -€279 | -5.0% |
| Gross operating margin | 9900 | €125,769 | €142,426 | +€16,657 | +13.2% |
| Operating profit (loss) | 9901 | €63,792 | €86,734 | +€22,942 | +36.0% |
| Financial charges | 65/66B | €4,593 | €7,476 | +€2,883 | +62.8% |
| Recurring financial charges | 65 | €4,593 | €7,476 | +€2,883 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €59,199 | €79,257 | +€20,059 | +33.9% |
| Income taxes | 67/77 | €14,304 | €17,337 | +€3,033 | +21.2% |
| Profit (loss) for the period | 9904 | €44,895 | €61,921 | +€17,026 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,895 | €61,921 | +€17,026 | +37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.