HAON MANAGEMENT: 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.
HAON MANAGEMENT
Largest movements
- Receivables within one year +€4,150
up €4,150 (+19.0%), from €21,800 to €25,950
- Debts after one year -€9,850
no longer reported in 2025 (was €9,850)
- Profit (loss) carried forward +€9,013
up €9,013 (+47.7%), from €18,884 to €27,896
- Tax, wage and social debts +€2,494
up €2,494 (+86.8%), from €2,874 to €5,368
- Other debts +€2,179
up €2,179 (+2.2%), from €100,999 to €103,178
- Taxes +€1,976
up €1,976 (+152%), from €1,304 to €3,281
- Financial charges -€425
down €425 (-41.7%), from €1,018 to €593
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 | €162,608 | €167,293 | +€4,684 | +2.9% |
| Fixed assets | 21/28 | €140,000 | €140,000 | = | 0.0% |
| Financial fixed assets | 28 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €22,608 | €27,293 | +€4,684 | +20.7% |
| Amounts receivable within one year | 40/41 | €21,800 | €25,950 | +€4,150 | +19.0% |
| Trade receivables | 40 | €21,800 | €25,950 | +€4,150 | +19.0% |
| Cash at bank and in hand | 54/58 | €808 | €1,343 | +€534 | +66.1% |
| Total equity and liabilities | 10/49 | €162,608 | €167,293 | +€4,684 | +2.9% |
| Equity | 10/15 | €29,384 | €38,396 | +€9,013 | +30.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,884 | €27,896 | +€9,013 | +47.7% |
| Amounts payable | 17/49 | €133,225 | €128,896 | -€4,328 | -3.2% |
| Amounts payable after more than one year | 17 | €9,850 | - | -€9,850 | |
| Financial debts | 170/4 | €9,850 | - | -€9,850 | |
| Amounts payable within one year | 42/48 | €123,374 | €128,896 | +€5,522 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €10,501 | €9,850 | -€651 | -6.2% |
| Trade debts | 44 | €9,000 | €10,500 | +€1,500 | +16.7% |
| Suppliers | 440/4 | €9,000 | €10,500 | +€1,500 | +16.7% |
| Taxes, remuneration and social security | 45 | €2,874 | €5,368 | +€2,494 | +86.8% |
| Taxes | 450/3 | €2,874 | €5,368 | +€2,494 | +86.8% |
| Other amounts payable | 47/48 | €100,999 | €103,178 | +€2,179 | +2.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €13,210 | €13,286 | +€76 | +0.6% |
| Operating profit (loss) | 9901 | €12,823 | €12,887 | +€64 | +0.5% |
| Financial charges | 65/66B | €1,018 | €593 | -€425 | -41.7% |
| Recurring financial charges | 65 | €1,018 | €593 | -€425 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €11,805 | €12,293 | +€489 | +4.1% |
| Income taxes | 67/77 | €1,304 | €3,281 | +€1,976 | +152% |
| Profit (loss) for the period | 9904 | €10,500 | €9,013 | -€1,488 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,500 | €9,013 | -€1,488 | -14.2% |
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 20 October 2026 via checked.be.