HAKO BUILD: 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.
HAKO BUILD
Largest movements
- Receivables within one year -€70,722
down €70,722 (-6.0%), from €1.2m to €1.1m
- Cash -€48,311
down €48,311 (-59.2%), from €81,581 to €33,270
mainly Trade debts (-€138,285) and Other debts (-€10,837)
- Tangible fixed assets -€44,613
down €44,613 (-72.6%), from €61,448 to €16,835
of which Furniture and vehicles: -€43,733
- Trade debts -€138,285
down €138,285 (-9.2%), from €1.5m to €1.4m
- Gross operating margin -€23,666
down €23,666 (-36.5%), from €64,906 to €41,239
- Depreciation -€16,447
down €16,447 (-47.7%), from €34,472 to €18,025
- Staff costs +€7,439
up €7,439 (+335%), from €2,224 to €9,662
- Taxes -€4,537
down €4,537 (-41.0%), from €11,058 to €6,522
- Financial charges -€1,459
down €1,459 (-82.2%), from €1,774 to €316
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 | €1,568,748 | €1,416,097 | -€152,651 | -9.7% |
| Fixed assets | 21/28 | €306,639 | €267,235 | -€39,404 | -12.9% |
| Intangible fixed assets | 21 | €191 | - | -€191 | |
| Tangible fixed assets | 22/27 | €61,448 | €16,835 | -€44,613 | -72.6% |
| Plant, machinery and equipment | 23 | €3,470 | €2,590 | -€880 | -25.4% |
| Furniture and vehicles | 24 | €57,978 | €14,245 | -€43,733 | -75.4% |
| Financial fixed assets | 28 | €245,000 | €250,400 | +€5,400 | +2.2% |
| Current assets | 29/58 | €1,262,109 | €1,148,863 | -€113,246 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,179,624 | €1,108,902 | -€70,722 | -6.0% |
| Trade receivables | 40 | €1,179,624 | €1,108,902 | -€70,722 | -6.0% |
| Cash at bank and in hand | 54/58 | €81,581 | €33,270 | -€48,311 | -59.2% |
| Deferred charges and accrued income | 490/1 | €904 | €6,690 | +€5,787 | +640% |
| Total equity and liabilities | 10/49 | €1,568,748 | €1,416,097 | -€152,651 | -9.7% |
| Equity | 10/15 | €40,025 | €42,174 | +€2,149 | +5.4% |
| Contributions | 10/11 | €63,439 | €63,439 | = | 0.0% |
| Capital | 10 | €63,439 | €63,439 | = | 0.0% |
| Issued capital | 100 | €63,439 | €63,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,414 | -€21,265 | +€2,149 | +9.2% |
| Amounts payable | 17/49 | €1,528,723 | €1,373,924 | -€154,799 | -10.1% |
| Amounts payable within one year | 42/48 | €1,528,723 | €1,373,924 | -€154,799 | -10.1% |
| Trade debts | 44 | €1,502,729 | €1,364,444 | -€138,285 | -9.2% |
| Suppliers | 440/4 | €1,502,729 | €1,364,444 | -€138,285 | -9.2% |
| Taxes, remuneration and social security | 45 | €15,147 | €9,470 | -€5,677 | -37.5% |
| Taxes | 450/3 | €15,147 | €9,459 | -€5,688 | -37.6% |
| Remuneration and social security | 454/9 | - | €11 | +€11 | |
| Other amounts payable | 47/48 | €10,846 | €9 | -€10,837 | -99.9% |
| Remuneration, social security and pensions | 62 | €2,224 | €9,662 | +€7,439 | +335% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,472 | €18,025 | -€16,447 | -47.7% |
| Other operating charges | 640/8 | €2,924 | €2,722 | -€202 | -6.9% |
| Non-recurring operating charges | 66A | €143 | €1,900 | +€1,757 | +1,228% |
| Gross operating margin | 9900 | €64,906 | €41,239 | -€23,666 | -36.5% |
| Operating profit (loss) | 9901 | €25,143 | €8,931 | -€16,212 | -64.5% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €1,774 | €316 | -€1,459 | -82.2% |
| Recurring financial charges | 65 | €1,774 | €316 | -€1,459 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €23,369 | €8,670 | -€14,699 | -62.9% |
| Income taxes | 67/77 | €11,058 | €6,522 | -€4,537 | -41.0% |
| Profit (loss) for the period | 9904 | €12,311 | €2,149 | -€10,162 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,311 | €2,149 | -€10,162 | -82.5% |
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 31 October 2026 via checked.be.