HATO: 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.
HATO
Largest movements
- Cash -€130,930
down €130,930 (-36.4%), from €360,035 to €229,105
mainly Contributions, distributions and other (-€150,000) and Other debts (-€147,000)
- Receivables within one year +€74,292
up €74,292 (+31.5%), from €236,049 to €310,342
of which Trade receivables: +€69,432
- Stocks and contracts -€28,332
down €28,332 (-25.6%), from €110,461 to €82,129
- Tangible fixed assets -€23,495
down €23,495 (-8.0%), from €292,832 to €269,337
of which Plant, machinery and equipment: -€63,681
- Other debts -€147,000
down €147,000 (-49.5%), from €297,000 to €150,000
- Profit (loss) carried forward +€65,122
up €65,122 (+10.6%), from €615,733 to €680,855
- Tax, wage and social debts -€22,308
down €22,308 (-53.7%), from €41,510 to €19,202
of which Taxes: -€11,661
- Taxes -€53,901
down €53,901 (-26.4%), from €204,142 to €150,241
- Staff costs -€25,114
down €25,114 (-4.8%), from €518,573 to €493,459
- Gross operating margin +€24,888
up €24,888 (+2.7%), from €936,750 to €961,638
- Turnover +€20,079
up €20,079 (+1.6%), from €1.3m to €1.3m
- Purchases and services -€15,419
down €15,419 (-4.0%), from €389,262 to €373,842
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 | €999,377 | €890,912 | -€108,465 | -10.9% |
| Fixed assets | 21/28 | €292,832 | €269,337 | -€23,495 | -8.0% |
| Tangible fixed assets | 22/27 | €292,832 | €269,337 | -€23,495 | -8.0% |
| Land and buildings | 22 | €215 | €62,069 | +€61,854 | +28781.4% |
| Plant, machinery and equipment | 23 | €181,369 | €117,688 | -€63,681 | -35.1% |
| Furniture and vehicles | 24 | €111,248 | €89,580 | -€21,668 | -19.5% |
| Current assets | 29/58 | €706,545 | €621,575 | -€84,970 | -12.0% |
| Stocks and contracts in progress | 3 | €110,461 | €82,129 | -€28,332 | -25.6% |
| Stocks | 30/36 | €110,461 | €82,129 | -€28,332 | -25.6% |
| Amounts receivable within one year | 40/41 | €236,049 | €310,342 | +€74,292 | +31.5% |
| Trade receivables | 40 | €232,738 | €302,171 | +€69,432 | +29.8% |
| Other amounts receivable | 41 | €3,311 | €8,171 | +€4,860 | +146.8% |
| Cash at bank and in hand | 54/58 | €360,035 | €229,105 | -€130,930 | -36.4% |
| Total equity and liabilities | 10/49 | €999,377 | €890,912 | -€108,465 | -10.9% |
| Equity | 10/15 | €636,184 | €701,306 | +€65,122 | +10.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Contributions outside capital | 11 | €20,451 | €20,451 | = | 0.0% |
| Other | 1109/19 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,733 | €680,855 | +€65,122 | +10.6% |
| Amounts payable | 17/49 | €363,193 | €189,606 | -€173,587 | -47.8% |
| Amounts payable after more than one year | 17 | €390 | €390 | = | 0.0% |
| Other amounts payable | 178/9 | €390 | €390 | = | 0.0% |
| Amounts payable within one year | 42/48 | €362,803 | €189,216 | -€173,587 | -47.8% |
| Trade debts | 44 | €24,292 | €20,014 | -€4,279 | -17.6% |
| Suppliers | 440/4 | €22,312 | €14,212 | -€8,100 | -36.3% |
| Bills of exchange payable | 441 | €1,980 | €5,801 | +€3,821 | +193.0% |
| Taxes, remuneration and social security | 45 | €41,510 | €19,202 | -€22,308 | -53.7% |
| Taxes | 450/3 | €24,340 | €12,679 | -€11,661 | -47.9% |
| Remuneration and social security | 454/9 | €17,170 | €6,523 | -€10,647 | -62.0% |
| Other amounts payable | 47/48 | €297,000 | €150,000 | -€147,000 | -49.5% |
| Turnover | 70 | €1,272,910 | €1,292,989 | +€20,079 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €389,262 | €373,842 | -€15,419 | -4.0% |
| Remuneration, social security and pensions | 62 | €518,573 | €493,459 | -€25,114 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,513 | €98,499 | -€9,014 | -8.4% |
| Other operating charges | 640/8 | €2,106 | €2,533 | +€428 | +20.3% |
| Gross operating margin | 9900 | €936,750 | €961,638 | +€24,888 | +2.7% |
| Operating profit (loss) | 9901 | €308,558 | €367,147 | +€58,589 | +19.0% |
| Financial income | 75/76B | €3,809 | €2,352 | -€1,457 | -38.2% |
| Recurring financial income | 75 | €3,809 | €2,352 | -€1,457 | -38.2% |
| Financial charges | 65/66B | €520 | €4,135 | +€3,615 | +694.7% |
| Recurring financial charges | 65 | €520 | €4,135 | +€3,615 | +694.7% |
| Profit (loss) for the period before taxes | 9903 | €311,846 | €365,364 | +€53,518 | +17.2% |
| Income taxes | 67/77 | €204,142 | €150,241 | -€53,901 | -26.4% |
| Profit (loss) for the period | 9904 | €107,704 | €215,122 | +€107,418 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,704 | €215,122 | +€107,418 | +99.7% |
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 11 October 2026 via checked.be.