HATEC ENGINEERING: 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.
HATEC ENGINEERING
Largest movements
- Cash +€65,527
up €65,527 (+104%), from €63,219 to €128,747
mainly Receivables within one year (+€41,591) and Other debts (+€39,905)
- Receivables within one year -€41,591
down €41,591 (-14.7%), from €283,523 to €241,931
of which Other amounts receivable: -€21,999
- Tangible fixed assets -€11,677
down €11,677 (-19.1%), from €61,204 to €49,528
of which Plant, machinery and equipment: -€7,755
- Other debts +€39,905
new in 2024: €39,905
- Trade debts -€17,141
down €17,141 (-22.5%), from €76,049 to €58,908
- Current portion of long-term debt -€10,206
down €10,206 (-76.9%), from €13,280 to €3,074
- Gross operating margin -€20,046
down €20,046 (-12.4%), from €161,515 to €141,469
- Taxes -€19,673
down €19,673 (-83.5%), from €23,561 to €3,887
- Staff costs +€14,332
up €14,332 (+25.5%), from €56,250 to €70,582
- Depreciation +€6,812
up €6,812 (+29.1%), from €23,393 to €30,205
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.
Derived cash bridge
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 | €408,542 | €421,818 | +€13,275 | +3.2% |
| Fixed assets | 21/28 | €61,204 | €49,528 | -€11,677 | -19.1% |
| Tangible fixed assets | 22/27 | €61,204 | €49,528 | -€11,677 | -19.1% |
| Plant, machinery and equipment | 23 | €33,313 | €25,558 | -€7,755 | -23.3% |
| Furniture and vehicles | 24 | €27,892 | €23,970 | -€3,922 | -14.1% |
| Current assets | 29/58 | €347,338 | €372,290 | +€24,952 | +7.2% |
| Amounts receivable within one year | 40/41 | €283,523 | €241,931 | -€41,591 | -14.7% |
| Trade receivables | 40 | €194,239 | €174,646 | -€19,593 | -10.1% |
| Other amounts receivable | 41 | €89,283 | €67,285 | -€21,999 | -24.6% |
| Cash at bank and in hand | 54/58 | €63,219 | €128,747 | +€65,527 | +104% |
| Deferred charges and accrued income | 490/1 | €596 | €1,612 | +€1,016 | +170% |
| Total equity and liabilities | 10/49 | €408,542 | €421,818 | +€13,275 | +3.2% |
| Equity | 10/15 | €297,912 | €299,170 | +€1,258 | +0.4% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €284,712 | €285,970 | +€1,258 | +0.4% |
| Tax-exempt reserves | 132 | €3,415 | €3,415 | = | 0.0% |
| Distributable reserves | 133 | €281,297 | €282,555 | +€1,258 | +0.4% |
| Amounts payable | 17/49 | €110,631 | €122,648 | +€12,017 | +10.9% |
| Amounts payable after more than one year | 17 | €2,058 | - | -€2,058 | |
| Financial debts | 170/4 | €2,058 | - | -€2,058 | |
| Amounts payable within one year | 42/48 | €108,572 | €122,648 | +€14,075 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €13,280 | €3,074 | -€10,206 | -76.9% |
| Trade debts | 44 | €76,049 | €58,908 | -€17,141 | -22.5% |
| Suppliers | 440/4 | €76,049 | €58,908 | -€17,141 | -22.5% |
| Taxes, remuneration and social security | 45 | €19,243 | €20,761 | +€1,518 | +7.9% |
| Taxes | 450/3 | €7,456 | €4,965 | -€2,491 | -33.4% |
| Remuneration and social security | 454/9 | €11,787 | €15,796 | +€4,009 | +34.0% |
| Other amounts payable | 47/48 | - | €39,905 | +€39,905 | |
| Remuneration, social security and pensions | 62 | €56,250 | €70,582 | +€14,332 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,393 | €30,205 | +€6,812 | +29.1% |
| Other operating charges | 640/8 | €112 | €971 | +€859 | +767% |
| Gross operating margin | 9900 | €161,515 | €141,469 | -€20,046 | -12.4% |
| Operating profit (loss) | 9901 | €81,760 | €39,711 | -€42,049 | -51.4% |
| Financial income | 75/76B | €280 | €607 | +€327 | +116% |
| Recurring financial income | 75 | €280 | €607 | +€327 | +116% |
| Financial charges | 65/66B | €700 | €173 | -€528 | -75.4% |
| Recurring financial charges | 65 | €700 | €173 | -€528 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €81,341 | €40,145 | -€41,195 | -50.6% |
| Income taxes | 67/77 | €23,561 | €3,887 | -€19,673 | -83.5% |
| Profit (loss) for the period | 9904 | €57,780 | €36,258 | -€21,522 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,780 | €36,258 | -€21,522 | -37.2% |
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 21 October 2026 via checked.be.