HATTY BELGIUM: 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.
HATTY BELGIUM
Largest movements
- Tangible fixed assets +€2.1m
up €2.1m (+67.4%), from €3.2m to €5.3m
of which Land and buildings: +€2.1m
- Receivables within one year -€633,350
down €633,350 (-87.2%), from €726,581 to €93,231
of which Other amounts receivable: -€582,281
- Financial fixed assets -€458,000
down €458,000 (-46.8%), from €977,857 to €519,857
- Cash -€147,111
down €147,111 (-48.1%), from €305,935 to €158,824
mainly Investment in fixed assets (net) (-€1.8m) and Other debts (-€451,367)
- Debts after one year +€1.4m
up €1.4m (+103%), from €1.4m to €2.8m
of which Financial debts: +€1.4m
- Other debts -€451,367
down €451,367 (-39.9%), from €1.1m to €678,551
- Accrued charges and deferred income -€221,204
down €221,204 (-85.5%), from €258,788 to €37,584
- Trade debts -€122,349
down €122,349 (-97.3%), from €125,740 to €3,390
- Reserves +€121,600
up €121,600 (+5.6%), from €2.2m to €2.3m
of which Distributable reserves: +€121,600
- Other operating charges +€296,807
up €296,807 (+747%), from €39,737 to €336,544
- Gross operating margin +€195,815
up €195,815 (+26.5%), from €739,039 to €934,854
- Staff costs -€163,296
down €163,296 (-69.8%), from €234,110 to €70,813
- Depreciation +€30,800
up €30,800 (+27.5%), from €111,848 to €142,647
- Financial charges -€19,081
down €19,081 (-19.7%), from €96,779 to €77,698
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 | €5,343,998 | €6,232,915 | +€888,918 | +16.6% |
| Fixed assets | 21/28 | €4,151,851 | €5,832,833 | +€1.7m | +40.5% |
| Tangible fixed assets | 22/27 | €3,173,994 | €5,312,976 | +€2.1m | +67.4% |
| Land and buildings | 22 | €3,140,682 | €5,267,110 | +€2.1m | +67.7% |
| Plant, machinery and equipment | 23 | €4,340 | €20,493 | +€16,152 | +372% |
| Furniture and vehicles | 24 | €28,972 | €25,373 | -€3,599 | -12.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €977,857 | €519,857 | -€458,000 | -46.8% |
| Current assets | 29/58 | €1,192,146 | €400,082 | -€792,064 | -66.4% |
| Stocks and contracts in progress | 3 | €117,404 | €118,658 | +€1,254 | +1.1% |
| Stocks | 30/36 | €117,404 | €118,658 | +€1,254 | +1.1% |
| Amounts receivable within one year | 40/41 | €726,581 | €93,231 | -€633,350 | -87.2% |
| Trade receivables | 40 | €107,087 | €56,018 | -€51,068 | -47.7% |
| Other amounts receivable | 41 | €619,494 | €37,213 | -€582,281 | -94.0% |
| Cash at bank and in hand | 54/58 | €305,935 | €158,824 | -€147,111 | -48.1% |
| Deferred charges and accrued income | 490/1 | €42,226 | €29,370 | -€12,857 | -30.4% |
| Total equity and liabilities | 10/49 | €5,343,998 | €6,232,915 | +€888,918 | +16.6% |
| Equity | 10/15 | €2,293,381 | €2,415,871 | +€122,490 | +5.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,188,350 | €2,309,950 | +€121,600 | +5.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,169,600 | €2,291,200 | +€121,600 | +5.6% |
| Profit (loss) carried forward | 14 | €5,031 | €5,921 | +€890 | +17.7% |
| Amounts payable | 17/49 | €3,050,617 | €3,817,045 | +€766,428 | +25.1% |
| Amounts payable after more than one year | 17 | €1,401,758 | €2,841,026 | +€1.4m | +103% |
| Financial debts | 170/4 | €1,401,758 | €2,841,026 | +€1.4m | +103% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,390,072 | €938,434 | -€451,638 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €100,847 | €150,749 | +€49,901 | +49.5% |
| Trade debts | 44 | €125,740 | €3,390 | -€122,349 | -97.3% |
| Suppliers | 440/4 | €125,740 | €3,390 | -€122,349 | -97.3% |
| Taxes, remuneration and social security | 45 | €33,567 | €105,744 | +€72,177 | +215% |
| Taxes | 450/3 | €10,584 | €105,744 | +€95,160 | +899% |
| Remuneration and social security | 454/9 | €22,983 | €0 | -€22,983 | -100% |
| Other amounts payable | 47/48 | €1,129,918 | €678,551 | -€451,367 | -39.9% |
| Accrued charges and deferred income | 492/3 | €258,788 | €37,584 | -€221,204 | -85.5% |
| Non-recurring operating income | 76A | €2,893 | €68,484 | +€65,592 | +2,268% |
| Remuneration, social security and pensions | 62 | €234,110 | €70,813 | -€163,296 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,848 | €142,647 | +€30,800 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €112 | +€112 | |
| Other operating charges | 640/8 | €39,737 | €336,544 | +€296,807 | +747% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €739,039 | €934,854 | +€195,815 | +26.5% |
| Operating profit (loss) | 9901 | €353,345 | €381,738 | +€28,393 | +8.0% |
| Financial income | 75/76B | €119,244 | €123,781 | +€4,537 | +3.8% |
| Recurring financial income | 75 | €119,244 | €123,781 | +€4,537 | +3.8% |
| Financial charges | 65/66B | €96,779 | €77,698 | -€19,081 | -19.7% |
| Recurring financial charges | 65 | €96,779 | €77,698 | -€19,081 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €375,810 | €427,821 | +€52,010 | +13.8% |
| Income taxes | 67/77 | €119,585 | €100,930 | -€18,655 | -15.6% |
| Profit (loss) for the period | 9904 | €256,225 | €326,890 | +€70,665 | +27.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €256,225 | €326,890 | +€70,665 | +27.6% |
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 21 October 2026 via checked.be.