HATS MEN: 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.
HATS MEN
Largest movements
- Receivables within one year +€11,395
up €11,395 (+104%), from €11,000 to €22,395
of which Trade receivables: +€11,395
- Tangible fixed assets -€9,377
down €9,377 (-16.2%), from €58,050 to €48,673
of which Land and buildings: -€8,280
- Cash -€9,362
down €9,362 (-83.0%), from €11,285 to €1,923
mainly Net result for the year (-€25,019) and Receivables within one year (-€11,395)
- Deferred charges and accrued income -€2,550
down €2,550 (-76.1%), from €3,350 to €800
- Profit (loss) carried forward -€25,019
down €25,019, from €305 to -€24,714
- Trade debts +€15,075
up €15,075 (+90.2%), from €16,720 to €31,795
- Other debts +€3,000
new in 2025: €3,000
- Accrued charges and deferred income -€2,950
down €2,950 (-100%), from €2,950 to €0
- Purchases and services +€46,549
new in 2025: €46,549
- Gross operating margin -€23,199
down €23,199, from €11,706 to -€11,493
- Depreciation +€5,796
up €5,796 (+162%), from €3,581 to €9,377
- Other operating charges -€3,208
down €3,208 (-44.5%), from €7,206 to €3,998
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.
Derived cash bridge
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 | €83,685 | €73,791 | -€9,894 | -11.8% |
| Fixed assets | 21/28 | €58,050 | €48,673 | -€9,377 | -16.2% |
| Tangible fixed assets | 22/27 | €58,050 | €48,673 | -€9,377 | -16.2% |
| Land and buildings | 22 | €49,430 | €41,150 | -€8,280 | -16.8% |
| Other tangible fixed assets | 26 | €8,620 | €7,523 | -€1,097 | -12.7% |
| Current assets | 29/58 | €25,635 | €25,118 | -€517 | -2.0% |
| Amounts receivable within one year | 40/41 | €11,000 | €22,395 | +€11,395 | +104% |
| Trade receivables | 40 | €11,000 | €22,395 | +€11,395 | +104% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €11,285 | €1,923 | -€9,362 | -83.0% |
| Deferred charges and accrued income | 490/1 | €3,350 | €800 | -€2,550 | -76.1% |
| Total equity and liabilities | 10/49 | €83,685 | €73,791 | -€9,894 | -11.8% |
| Equity | 10/15 | €64,015 | €38,996 | -€25,019 | -39.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,710 | €1,710 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,710 | €1,710 | = | 0.0% |
| Legal reserve | 130 | €1,710 | €1,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305 | -€24,714 | -€25,019 | |
| Amounts payable | 17/49 | €19,670 | €34,795 | +€15,125 | +76.9% |
| Amounts payable within one year | 42/48 | €16,720 | €34,795 | +€18,075 | +108% |
| Trade debts | 44 | €16,720 | €31,795 | +€15,075 | +90.2% |
| Suppliers | 440/4 | €16,720 | €31,795 | +€15,075 | +90.2% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | €2,950 | €0 | -€2,950 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €46,549 | +€46,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,581 | €9,377 | +€5,796 | +162% |
| Other operating charges | 640/8 | €7,206 | €3,998 | -€3,208 | -44.5% |
| Gross operating margin | 9900 | €11,706 | -€11,493 | -€23,199 | |
| Operating profit (loss) | 9901 | €918 | -€24,869 | -€25,787 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €783 | -€25,019 | -€25,802 | |
| Profit (loss) for the period | 9904 | €783 | -€25,019 | -€25,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €783 | -€25,019 | -€25,802 |
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 23 October 2026 via checked.be.