HASHTAG 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.
HASHTAG MANAGEMENT
Largest movements
- Tangible fixed assets -€50,136
down €50,136 (-7.5%), from €671,160 to €621,024
of which Land and buildings: -€48,245
- Cash +€42,592
up €42,592 (+55.5%), from €76,727 to €119,319
mainly Net result for the year (+€279,507) and Depreciation (+€51,678)
- Profit (loss) carried forward +€120,684
up €120,684 (+154%), from €78,323 to €199,006
- Other debts -€61,472
down €61,472 (-23.4%), from €262,556 to €201,085
- Debts after one year -€48,692
down €48,692 (-9.2%), from €528,193 to €479,501
- Trade debts -€43,264
down €43,264 (-88.2%), from €49,072 to €5,808
- Tax, wage and social debts +€29,051
up €29,051 (+51.5%), from €56,427 to €85,477
of which Taxes: +€31,551
- Gross operating margin +€92,214
up €92,214 (+25.4%), from €362,678 to €454,891
- Taxes +€22,151
up €22,151 (+30.4%), from €72,774 to €94,925
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 | €1,027,787 | €1,025,769 | -€2,018 | -0.2% |
| Fixed assets | 21/28 | €943,160 | €893,024 | -€50,136 | -5.3% |
| Tangible fixed assets | 22/27 | €671,160 | €621,024 | -€50,136 | -7.5% |
| Land and buildings | 22 | €662,529 | €614,284 | -€48,245 | -7.3% |
| Furniture and vehicles | 24 | €6,350 | €4,804 | -€1,546 | -24.3% |
| Other tangible fixed assets | 26 | €2,281 | €1,936 | -€345 | -15.1% |
| Financial fixed assets | 28 | €272,000 | €272,000 | = | 0.0% |
| Current assets | 29/58 | €84,627 | €132,745 | +€48,119 | +56.9% |
| Amounts receivable within one year | 40/41 | €3,002 | €7,768 | +€4,766 | +159% |
| Trade receivables | 40 | €69 | €4,955 | +€4,886 | +7,081% |
| Other amounts receivable | 41 | €2,933 | €2,813 | -€120 | -4.1% |
| Cash at bank and in hand | 54/58 | €76,727 | €119,319 | +€42,592 | +55.5% |
| Deferred charges and accrued income | 490/1 | €4,898 | €5,658 | +€760 | +15.5% |
| Total equity and liabilities | 10/49 | €1,027,787 | €1,025,769 | -€2,018 | -0.2% |
| Equity | 10/15 | €84,523 | €205,206 | +€120,684 | +143% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,323 | €199,006 | +€120,684 | +154% |
| Amounts payable | 17/49 | €943,264 | €820,563 | -€122,701 | -13.0% |
| Amounts payable after more than one year | 17 | €528,193 | €479,501 | -€48,692 | -9.2% |
| Financial debts | 170/4 | €528,193 | €479,501 | -€48,692 | -9.2% |
| Amounts payable within one year | 42/48 | €415,071 | €341,062 | -€74,009 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €47,016 | €48,692 | +€1,676 | +3.6% |
| Trade debts | 44 | €49,072 | €5,808 | -€43,264 | -88.2% |
| Suppliers | 440/4 | €49,072 | €5,808 | -€43,264 | -88.2% |
| Taxes, remuneration and social security | 45 | €56,427 | €85,477 | +€29,051 | +51.5% |
| Taxes | 450/3 | €53,927 | €85,477 | +€31,551 | +58.5% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €262,556 | €201,085 | -€61,472 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,822 | €51,678 | +€857 | +1.7% |
| Other operating charges | 640/8 | €10,996 | €9,616 | -€1,380 | -12.5% |
| Gross operating margin | 9900 | €362,678 | €454,891 | +€92,214 | +25.4% |
| Operating profit (loss) | 9901 | €300,860 | €393,597 | +€92,737 | +30.8% |
| Financial income | 75/76B | €1,294 | €535 | -€759 | -58.7% |
| Recurring financial income | 75 | €1,294 | €535 | -€759 | -58.7% |
| Financial charges | 65/66B | €19,258 | €19,699 | +€442 | +2.3% |
| Recurring financial charges | 65 | €19,258 | €19,699 | +€442 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €282,896 | €374,432 | +€91,536 | +32.4% |
| Income taxes | 67/77 | €72,774 | €94,925 | +€22,151 | +30.4% |
| Profit (loss) for the period | 9904 | €210,122 | €279,507 | +€69,385 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €210,122 | €279,507 | +€69,385 | +33.0% |
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 17 October 2026 via checked.be.