HATOR: 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.
HATOR
Largest movements
- Tangible fixed assets -€16,588
down €16,588 (-5.5%), from €303,355 to €286,767
- Debts after one year -€30,318
down €30,318 (-12.6%), from €239,702 to €209,384
- Reserves +€10,723
up €10,723 (+33.4%), from €32,116 to €42,839
- Financial charges -€29,049
down €29,049 (-82.5%), from €35,220 to €6,171
of which Non-recurring financial charges: -€28,000
- Gross operating margin -€5,355
down €5,355 (-10.2%), from €52,726 to €47,371
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 | €322,038 | €304,139 | -€17,899 | -5.6% |
| Fixed assets | 21/28 | €303,355 | €286,767 | -€16,588 | -5.5% |
| Tangible fixed assets | 22/27 | €303,355 | €286,767 | -€16,588 | -5.5% |
| Land and buildings | 22 | €303,355 | €286,767 | -€16,588 | -5.5% |
| Current assets | 29/58 | €18,683 | €17,372 | -€1,311 | -7.0% |
| Amounts receivable within one year | 40/41 | €15,109 | €15,796 | +€687 | +4.5% |
| Other amounts receivable | 41 | €15,109 | €15,796 | +€687 | +4.5% |
| Cash at bank and in hand | 54/58 | €3,574 | €1,575 | -€1,999 | -55.9% |
| Total equity and liabilities | 10/49 | €322,038 | €304,139 | -€17,899 | -5.6% |
| Equity | 10/15 | €50,716 | €61,439 | +€10,723 | +21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,116 | €42,839 | +€10,723 | +33.4% |
| Distributable reserves | 133 | €32,116 | €42,839 | +€10,723 | +33.4% |
| Amounts payable | 17/49 | €271,322 | €242,700 | -€28,622 | -10.5% |
| Amounts payable after more than one year | 17 | €239,702 | €209,384 | -€30,318 | -12.6% |
| Financial debts | 170/4 | €239,702 | €209,384 | -€30,318 | -12.6% |
| Amounts payable within one year | 42/48 | €31,620 | €33,315 | +€1,695 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €29,616 | €30,317 | +€701 | +2.4% |
| Trade debts | 44 | €1,415 | €1,903 | +€488 | +34.5% |
| Suppliers | 440/4 | €1,415 | €1,903 | +€488 | +34.5% |
| Taxes, remuneration and social security | 45 | - | €504 | +€504 | |
| Taxes | 450/3 | - | €504 | +€504 | |
| Other amounts payable | 47/48 | €589 | €591 | +€2 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,588 | €16,588 | = | 0.0% |
| Other operating charges | 640/8 | €8,554 | €8,885 | +€331 | +3.9% |
| Gross operating margin | 9900 | €52,726 | €47,371 | -€5,355 | -10.2% |
| Operating profit (loss) | 9901 | €27,584 | €21,898 | -€5,686 | -20.6% |
| Financial charges | 65/66B | €35,220 | €6,171 | -€29,049 | -82.5% |
| Recurring financial charges | 65 | €7,220 | €6,171 | -€1,049 | -14.5% |
| Non-recurring financial charges | 66B | €28,000 | - | -€28,000 | |
| Profit (loss) for the period before taxes | 9903 | -€7,636 | €15,726 | +€23,362 | |
| Income taxes | 67/77 | €5,187 | €5,004 | -€183 | -3.5% |
| Profit (loss) for the period | 9904 | -€12,823 | €10,723 | +€23,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,823 | €10,723 | +€23,546 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.