Hatona: 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.
Hatona
Largest movements
- Tangible fixed assets -€7,673
down €7,673 (-25.0%), from €30,690 to €23,018
- Debts after one year -€10,276
down €10,276 (-25.6%), from €40,066 to €29,790
- Reserves +€7,241
up €7,241 (+7.0%), from €103,420 to €110,661
- Other debts -€4,102
down €4,102 (-6.5%), from €63,354 to €59,252
- Gross operating margin +€6,771
up €6,771 (+45.7%), from €14,832 to €21,603
- Financial charges -€465
down €465 (-16.7%), from €2,788 to €2,324
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,567 | €232,924 | -€6,643 | -2.8% |
| Fixed assets | 21/28 | €212,058 | €204,386 | -€7,673 | -3.6% |
| Tangible fixed assets | 22/27 | €30,690 | €23,018 | -€7,673 | -25.0% |
| Land and buildings | 22 | €30,690 | €23,018 | -€7,673 | -25.0% |
| Financial fixed assets | 28 | €181,368 | €181,368 | = | 0.0% |
| Current assets | 29/58 | €27,509 | €28,539 | +€1,030 | +3.7% |
| Amounts receivable within one year | 40/41 | €20,057 | €21,057 | +€1,000 | +5.0% |
| Trade receivables | 40 | €20,057 | €21,057 | +€1,000 | +5.0% |
| Cash at bank and in hand | 54/58 | €7,452 | €7,482 | +€30 | +0.4% |
| Total equity and liabilities | 10/49 | €239,567 | €232,924 | -€6,643 | -2.8% |
| Equity | 10/15 | €122,012 | €129,253 | +€7,241 | +5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,420 | €110,661 | +€7,241 | +7.0% |
| Distributable reserves | 133 | €103,420 | €110,661 | +€7,241 | +7.0% |
| Amounts payable | 17/49 | €117,554 | €103,671 | -€13,884 | -11.8% |
| Amounts payable after more than one year | 17 | €40,066 | €29,790 | -€10,276 | -25.6% |
| Financial debts | 170/4 | €40,066 | €29,790 | -€10,276 | -25.6% |
| Amounts payable within one year | 42/48 | €77,489 | €73,881 | -€3,608 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €9,763 | €10,262 | +€499 | +5.1% |
| Trade debts | 44 | €151 | €151 | = | 0.0% |
| Suppliers | 440/4 | €151 | €151 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,221 | €4,216 | -€5 | -0.1% |
| Taxes | 450/3 | €4,221 | €4,216 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €63,354 | €59,252 | -€4,102 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,673 | €7,673 | = | 0.0% |
| Other operating charges | 640/8 | €4,286 | €4,367 | +€80 | +1.9% |
| Gross operating margin | 9900 | €14,832 | €21,603 | +€6,771 | +45.7% |
| Operating profit (loss) | 9901 | €2,873 | €9,564 | +€6,691 | +232.9% |
| Financial charges | 65/66B | €2,788 | €2,324 | -€465 | -16.7% |
| Recurring financial charges | 65 | €2,788 | €2,324 | -€465 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €85 | €7,241 | +€7,156 | +8405.8% |
| Profit (loss) for the period | 9904 | €85 | €7,241 | +€7,156 | +8405.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85 | €7,241 | +€7,156 | +8405.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.