HAT IMMO: 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.
HAT IMMO
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-86.7%), from €1.9m to €250,000
- Cash +€581,814
up €581,814 (+760.6%), from €76,493 to €658,307
mainly Stocks and contracts (+€1.6m) and Net result for the year (+€374,740)
- Tangible fixed assets -€27,945
down €27,945 (-5.5%), from €507,640 to €479,694
of which Land and buildings: -€22,673
- Current portion of long-term debt -€1.2m
down €1.2m (-72.3%), from €1.6m to €446,941
- Profit (loss) carried forward +€294,740
up €294,740 (+101.4%), from €290,545 to €585,285
- Debts after one year -€167,320
down €167,320 (-38.6%), from €433,526 to €266,206
of which Financial debts: -€167,980
- Short-term financial debts -€136,840
down €136,840 (-99.4%), from €137,693 to €853
- Tax, wage and social debts +€104,144
up €104,144 (+5994.5%), from €1,737 to €105,881
of which Taxes: +€105,250
- Purchases and services -€1.9m
down €1.9m (-44.4%), from €4.2m to €2.4m
- Turnover -€1.5m
down €1.5m (-34.1%), from €4.5m to €3.0m
- Gross operating margin +€349,426
up €349,426 (+137.2%), from €254,651 to €604,076
- Taxes +€105,000
new in 2024: €105,000
- Financial charges -€62,354
down €62,354 (-45.0%), from €138,422 to €76,068
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 | €2,677,112 | €1,631,343 | -€1.0m | -39.1% |
| Fixed assets | 21/28 | €509,270 | €481,324 | -€27,945 | -5.5% |
| Tangible fixed assets | 22/27 | €507,640 | €479,694 | -€27,945 | -5.5% |
| Land and buildings | 22 | €496,816 | €474,143 | -€22,673 | -4.6% |
| Plant, machinery and equipment | 23 | €558 | €418 | -€139 | -25.0% |
| Furniture and vehicles | 24 | €10,266 | €5,133 | -€5,133 | -50.0% |
| Financial fixed assets | 28 | €1,630 | €1,630 | = | 0.0% |
| Current assets | 29/58 | €2,167,842 | €1,150,018 | -€1.0m | -47.0% |
| Stocks and contracts in progress | 3 | €1,875,000 | €250,000 | -€1.6m | -86.7% |
| Stocks | 30/36 | €1,875,000 | €250,000 | -€1.6m | -86.7% |
| Amounts receivable within one year | 40/41 | €216,349 | €241,712 | +€25,362 | +11.7% |
| Trade receivables | 40 | €116,250 | €34,450 | -€81,800 | -70.4% |
| Other amounts receivable | 41 | €100,099 | €207,262 | +€107,162 | +107.1% |
| Cash at bank and in hand | 54/58 | €76,493 | €658,307 | +€581,814 | +760.6% |
| Total equity and liabilities | 10/49 | €2,677,112 | €1,631,343 | -€1.0m | -39.1% |
| Equity | 10/15 | €311,005 | €605,745 | +€294,740 | +94.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,545 | €585,285 | +€294,740 | +101.4% |
| Amounts payable | 17/49 | €2,366,107 | €1,025,598 | -€1.3m | -56.7% |
| Amounts payable after more than one year | 17 | €433,526 | €266,206 | -€167,320 | -38.6% |
| Financial debts | 170/4 | €423,668 | €255,687 | -€167,980 | -39.6% |
| Other amounts payable | 178/9 | €9,858 | €10,518 | +€660 | +6.7% |
| Amounts payable within one year | 42/48 | €1,932,581 | €759,392 | -€1.2m | -60.7% |
| Current portion of amounts payable after more than one year | 42 | €1,612,567 | €446,941 | -€1.2m | -72.3% |
| Financial debts | 43 | €137,693 | €853 | -€136,840 | -99.4% |
| Credit institutions | 430/8 | €137,693 | €853 | -€136,840 | -99.4% |
| Trade debts | 44 | €150,584 | €125,717 | -€24,867 | -16.5% |
| Suppliers | 440/4 | €150,584 | €125,717 | -€24,867 | -16.5% |
| Taxes, remuneration and social security | 45 | €1,737 | €105,881 | +€104,144 | +5994.5% |
| Taxes | 450/3 | - | €105,250 | +€105,250 | |
| Remuneration and social security | 454/9 | €1,737 | €631 | -€1,106 | -63.7% |
| Other amounts payable | 47/48 | €30,000 | €80,000 | +€50,000 | +166.7% |
| Turnover | 70 | €4,499,029 | €2,964,285 | -€1.5m | -34.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,244,378 | €2,360,208 | -€1.9m | -44.4% |
| Remuneration, social security and pensions | 62 | €11,926 | €1,829 | -€10,097 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,272 | €27,945 | -€3,327 | -10.6% |
| Other operating charges | 640/8 | €22,799 | €18,247 | -€4,552 | -20.0% |
| Non-recurring operating charges | 66A | €311 | €247 | -€64 | -20.5% |
| Gross operating margin | 9900 | €254,651 | €604,076 | +€349,426 | +137.2% |
| Operating profit (loss) | 9901 | €188,342 | €555,808 | +€367,466 | +195.1% |
| Financial charges | 65/66B | €138,422 | €76,068 | -€62,354 | -45.0% |
| Recurring financial charges | 65 | €138,422 | €76,068 | -€62,354 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €49,920 | €479,740 | +€429,819 | +861.0% |
| Income taxes | 67/77 | - | €105,000 | +€105,000 | |
| Profit (loss) for the period | 9904 | €49,920 | €374,740 | +€324,819 | +650.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,920 | €374,740 | +€324,819 | +650.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.