HATABEL: what changed
Two fiscal 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.
HATABEL
Largest movements
- Tangible fixed assets -€17,994
down €17,994 (-44.4%), from €40,527 to €22,533
of which Furniture and vehicles: -€14,674
- Receivables within one year +€11,306
up €11,306 (+8.2%), from €137,316 to €148,622
of which Other amounts receivable: +€5,761
- Reserves +€53,249
up €53,249 (+1278.2%), from €4,166 to €57,415
- Profit (loss) carried forward -€29,677
no longer reported in 2025 (was €29,677)
- Tax, wage and social debts -€16,241
down €16,241 (-42.0%), from €38,634 to €22,394
- Debts after one year -€11,599
down €11,599 (-78.7%), from €14,744 to €3,145
- Trade debts -€2,477
down €2,477 (-13.5%), from €18,316 to €15,840
- Gross operating margin +€13,633
up €13,633 (+27.7%), from €49,196 to €62,830
- Depreciation +€7,174
up €7,174 (+60.7%), from €11,819 to €18,993
- Taxes -€5,201
down €5,201 (-29.2%), from €17,812 to €12,611
- Other operating charges +€1,907
up €1,907 (+61.7%), from €3,092 to €4,999
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 | €184,374 | €176,992 | -€7,382 | -4.0% |
| Fixed assets | 21/28 | €45,527 | €27,533 | -€17,994 | -39.5% |
| Tangible fixed assets | 22/27 | €40,527 | €22,533 | -€17,994 | -44.4% |
| Plant, machinery and equipment | 23 | €2,149 | €1,469 | -€680 | -31.7% |
| Furniture and vehicles | 24 | €26,527 | €11,853 | -€14,674 | -55.3% |
| Leasing and similar rights | 25 | €11,851 | €9,211 | -€2,640 | -22.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €138,847 | €149,459 | +€10,612 | +7.6% |
| Amounts receivable within one year | 40/41 | €137,316 | €148,622 | +€11,306 | +8.2% |
| Trade receivables | 40 | €17,044 | €22,589 | +€5,545 | +32.5% |
| Other amounts receivable | 41 | €120,272 | €126,033 | +€5,761 | +4.8% |
| Cash at bank and in hand | 54/58 | €55 | €349 | +€294 | +531.6% |
| Deferred charges and accrued income | 490/1 | €1,476 | €488 | -€988 | -66.9% |
| Total equity and liabilities | 10/49 | €184,374 | €176,992 | -€7,382 | -4.0% |
| Equity | 10/15 | €93,843 | €117,415 | +€23,572 | +25.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €4,166 | €57,415 | +€53,249 | +1278.2% |
| Distributable reserves | 133 | €4,166 | €57,415 | +€53,249 | +1278.2% |
| Profit (loss) carried forward | 14 | €29,677 | - | -€29,677 | |
| Amounts payable | 17/49 | €90,532 | €59,577 | -€30,954 | -34.2% |
| Amounts payable after more than one year | 17 | €14,744 | €3,145 | -€11,599 | -78.7% |
| Financial debts | 170/4 | €14,744 | €3,145 | -€11,599 | -78.7% |
| Amounts payable within one year | 42/48 | €70,232 | €49,833 | -€20,399 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €13,281 | €11,599 | -€1,682 | -12.7% |
| Trade debts | 44 | €18,316 | €15,840 | -€2,477 | -13.5% |
| Suppliers | 440/4 | €18,316 | €15,840 | -€2,477 | -13.5% |
| Taxes, remuneration and social security | 45 | €38,634 | €22,394 | -€16,241 | -42.0% |
| Taxes | 450/3 | €38,634 | €22,394 | -€16,241 | -42.0% |
| Accrued charges and deferred income | 492/3 | €5,556 | €6,600 | +€1,044 | +18.8% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,819 | €18,993 | +€7,174 | +60.7% |
| Other operating charges | 640/8 | €3,092 | €4,999 | +€1,907 | +61.7% |
| Gross operating margin | 9900 | €49,196 | €62,830 | +€13,633 | +27.7% |
| Operating profit (loss) | 9901 | €34,286 | €38,804 | +€4,519 | +13.2% |
| Financial income | 75/76B | €1 | €6 | +€5 | +700.0% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +700.0% |
| Financial charges | 65/66B | €2,258 | €2,627 | +€369 | +16.3% |
| Recurring financial charges | 65 | €2,258 | €2,627 | +€369 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €32,028 | €36,183 | +€4,155 | +13.0% |
| Income taxes | 67/77 | €17,812 | €12,611 | -€5,201 | -29.2% |
| Profit (loss) for the period | 9904 | €14,216 | €23,572 | +€9,356 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,216 | €23,572 | +€9,356 | +65.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.