HAUBRECHTS: what changed
HAUBRECHTS
Largest movements
- Receivables within one year -€55,077
down €55,077 (-68.8%), from €80,082 to €25,005
of which Other amounts receivable: -€43,316
- Tangible fixed assets -€16,488
down €16,488 (-38.0%), from €43,400 to €26,912
of which Plant, machinery and equipment: -€9,067
- Cash -€7,476
down €7,476 (-60.1%), from €12,429 to €4,953
mainly Other debts (-€72,000) and Trade debts (-€6,018)
- Other debts -€72,000
no longer reported in 2025 (was €72,000)
- Trade debts -€6,018
down €6,018 (-88.9%), from €6,767 to €749
- Tax, wage and social debts -€3,850
down €3,850 (-57.1%), from €6,737 to €2,887
- Reserves +€2,827
up €2,827 (+6.4%), from €44,485 to €47,312
of which Distributable reserves: +€2,827
- Gross operating margin -€53,491
down €53,491 (-70.8%), from €75,536 to €22,045
- Taxes -€11,123
down €11,123 (-86.3%), from €12,887 to €1,764
- Financial income -€1,264
down €1,264 (-47.1%), from €2,682 to €1,418
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,583 | €57,542 | -€79,041 | -57.9% |
| Fixed assets | 21/28 | €43,400 | €26,912 | -€16,488 | -38.0% |
| Tangible fixed assets | 22/27 | €43,400 | €26,912 | -€16,488 | -38.0% |
| Plant, machinery and equipment | 23 | €27,214 | €18,147 | -€9,067 | -33.3% |
| Furniture and vehicles | 24 | €16,186 | €8,765 | -€7,421 | -45.8% |
| Current assets | 29/58 | €93,183 | €30,630 | -€62,553 | -67.1% |
| Stocks and contracts in progress | 3 | €672 | €672 | = | 0.0% |
| Stocks | 30/36 | €672 | €672 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,082 | €25,005 | -€55,077 | -68.8% |
| Trade receivables | 40 | €28,028 | €16,267 | -€11,761 | -42.0% |
| Other amounts receivable | 41 | €52,054 | €8,738 | -€43,316 | -83.2% |
| Cash at bank and in hand | 54/58 | €12,429 | €4,953 | -€7,476 | -60.1% |
| Total equity and liabilities | 10/49 | €136,583 | €57,542 | -€79,041 | -57.9% |
| Equity | 10/15 | €51,079 | €53,906 | +€2,827 | +5.5% |
| Contributions | 10/11 | €6,594 | €6,594 | = | 0.0% |
| Capital | 10 | €6,594 | €6,594 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €11,998 | €11,998 | = | 0.0% |
| Reserves | 13 | €44,485 | €47,312 | +€2,827 | +6.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €42,626 | €45,453 | +€2,827 | +6.6% |
| Amounts payable | 17/49 | €85,504 | €3,636 | -€81,868 | -95.7% |
| Amounts payable within one year | 42/48 | €85,504 | €3,636 | -€81,868 | -95.7% |
| Trade debts | 44 | €6,767 | €749 | -€6,018 | -88.9% |
| Suppliers | 440/4 | €6,767 | €749 | -€6,018 | -88.9% |
| Taxes, remuneration and social security | 45 | €6,737 | €2,887 | -€3,850 | -57.1% |
| Taxes | 450/3 | €6,737 | €2,887 | -€3,850 | -57.1% |
| Other amounts payable | 47/48 | €72,000 | - | -€72,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,041 | €16,489 | -€552 | -3.2% |
| Other operating charges | 640/8 | €1,820 | €1,534 | -€286 | -15.7% |
| Gross operating margin | 9900 | €75,536 | €22,045 | -€53,491 | -70.8% |
| Operating profit (loss) | 9901 | €56,675 | €4,022 | -€52,653 | -92.9% |
| Financial income | 75/76B | €2,682 | €1,418 | -€1,264 | -47.1% |
| Recurring financial income | 75 | €2,682 | €1,418 | -€1,264 | -47.1% |
| Financial charges | 65/66B | €350 | €849 | +€499 | +143% |
| Recurring financial charges | 65 | €350 | €849 | +€499 | +143% |
| Profit (loss) for the period before taxes | 9903 | €59,007 | €4,591 | -€54,416 | -92.2% |
| Income taxes | 67/77 | €12,887 | €1,764 | -€11,123 | -86.3% |
| Profit (loss) for the period | 9904 | €46,120 | €2,827 | -€43,293 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,120 | €2,827 | -€43,293 | -93.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.