HAKUNZI: 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.
HAKUNZI
Largest movements
- Receivables after one year -€39,715
down €39,715 (-72.9%), from €54,466 to €14,751
- Tangible fixed assets -€36,551
down €36,551 (-33.5%), from €108,946 to €72,395
of which Leasing and similar rights: -€18,920
- Receivables within one year +€19,241
up €19,241 (+36.6%), from €52,526 to €71,767
of which Other amounts receivable: +€21,149
- Cash -€18,069
down €18,069 (-41.5%), from €43,503 to €25,435
mainly Contributions, distributions and other (-€38,893) and Debts after one year (-€21,423)
- Deferred charges and accrued income +€5,426
up €5,426 (+121.5%), from €4,466 to €9,892
- Debts after one year -€21,423
down €21,423 (-24.5%), from €87,349 to €65,926
- Reserves -€18,783
down €18,783 (-16.8%), from €111,723 to €92,939
- Trade debts -€18,249
down €18,249 (-79.3%), from €23,016 to €4,766
- Tax, wage and social debts -€12,319
down €12,319 (-67.9%), from €18,151 to €5,832
of which Taxes: -€13,810
- Short-term financial debts +€4,429
up €4,429 (+32.6%), from €13,571 to €18,000
- Gross operating margin +€48,090
up €48,090 (+51.6%), from €93,179 to €141,268
- Staff costs +€17,963
up €17,963 (+37.6%), from €47,756 to €65,719
- Taxes +€6,872
up €6,872 (+547.3%), from €1,256 to €8,128
- Other operating charges +€2,644
up €2,644 (+93.6%), from €2,824 to €5,468
- Financial income -€1,513
down €1,513 (-53.5%), from €2,826 to €1,313
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 | €285,293 | €215,760 | -€69,533 | -24.4% |
| Fixed assets | 21/28 | €130,331 | €93,915 | -€36,416 | -27.9% |
| Tangible fixed assets | 22/27 | €108,946 | €72,395 | -€36,551 | -33.5% |
| Plant, machinery and equipment | 23 | €1,895 | €1,063 | -€832 | -43.9% |
| Furniture and vehicles | 24 | €46,931 | €30,132 | -€16,799 | -35.8% |
| Leasing and similar rights | 25 | €60,121 | €41,201 | -€18,920 | -31.5% |
| Financial fixed assets | 28 | €21,385 | €21,520 | +€135 | +0.6% |
| Current assets | 29/58 | €154,962 | €121,845 | -€33,117 | -21.4% |
| Amounts receivable after more than one year | 29 | €54,466 | €14,751 | -€39,715 | -72.9% |
| Other amounts receivable | 291 | €54,466 | €14,751 | -€39,715 | -72.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €52,526 | €71,767 | +€19,241 | +36.6% |
| Trade receivables | 40 | €36,548 | €34,639 | -€1,909 | -5.2% |
| Other amounts receivable | 41 | €15,978 | €37,127 | +€21,149 | +132.4% |
| Cash at bank and in hand | 54/58 | €43,503 | €25,435 | -€18,069 | -41.5% |
| Deferred charges and accrued income | 490/1 | €4,466 | €9,892 | +€5,426 | +121.5% |
| Total equity and liabilities | 10/49 | €285,293 | €215,760 | -€69,533 | -24.4% |
| Equity | 10/15 | €117,923 | €99,139 | -€18,783 | -15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,723 | €92,939 | -€18,783 | -16.8% |
| Distributable reserves | 133 | €111,723 | €92,939 | -€18,783 | -16.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €167,370 | €116,621 | -€50,750 | -30.3% |
| Amounts payable after more than one year | 17 | €87,349 | €65,926 | -€21,423 | -24.5% |
| Financial debts | 170/4 | €87,349 | €65,926 | -€21,423 | -24.5% |
| Amounts payable within one year | 42/48 | €80,022 | €50,021 | -€30,001 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €25,284 | €21,423 | -€3,861 | -15.3% |
| Financial debts | 43 | €13,571 | €18,000 | +€4,429 | +32.6% |
| Credit institutions | 430/8 | €13,571 | €18,000 | +€4,429 | +32.6% |
| Trade debts | 44 | €23,016 | €4,766 | -€18,249 | -79.3% |
| Suppliers | 440/4 | €23,016 | €4,766 | -€18,249 | -79.3% |
| Taxes, remuneration and social security | 45 | €18,151 | €5,832 | -€12,319 | -67.9% |
| Taxes | 450/3 | €15,610 | €1,799 | -€13,810 | -88.5% |
| Remuneration and social security | 454/9 | €2,541 | €4,032 | +€1,491 | +58.7% |
| Accrued charges and deferred income | 492/3 | €0 | €674 | +€674 | |
| Non-recurring operating income | 76A | €0 | €11,176 | +€11,176 | |
| Remuneration, social security and pensions | 62 | €47,756 | €65,719 | +€17,963 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,215 | €30,372 | +€157 | +0.5% |
| Other operating charges | 640/8 | €2,824 | €5,468 | +€2,644 | +93.6% |
| Gross operating margin | 9900 | €93,179 | €141,268 | +€48,090 | +51.6% |
| Operating profit (loss) | 9901 | €12,384 | €39,710 | +€27,326 | +220.7% |
| Financial income | 75/76B | €2,826 | €1,313 | -€1,513 | -53.5% |
| Recurring financial income | 75 | €2,826 | €1,313 | -€1,513 | -53.5% |
| Financial charges | 65/66B | €13,893 | €12,785 | -€1,107 | -8.0% |
| Recurring financial charges | 65 | €13,893 | €12,785 | -€1,107 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €1,317 | €28,237 | +€26,920 | +2044.1% |
| Income taxes | 67/77 | €1,256 | €8,128 | +€6,872 | +547.3% |
| Profit (loss) for the period | 9904 | €61 | €20,110 | +€20,048 | +32689.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61 | €20,110 | +€20,048 | +32689.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.