HAUBRECHTS: 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.
HAUBRECHTS
Largest movements
- Tangible fixed assets +€18,394
up €18,394 (+22.9%), from €80,436 to €98,830
of which Furniture and vehicles: +€21,831
- Cash +€9,781
up €9,781 (+8.6%), from €113,293 to €123,074
mainly Depreciation (+€48,202) and Net result for the year (+€32,114)
- Deferred charges and accrued income -€5,769
down €5,769 (-48.1%), from €11,993 to €6,224
- Receivables within one year +€4,977
up €4,977 (+46.7%), from €10,655 to €15,632
of which Trade receivables: +€9,746
- Reserves +€31,237
up €31,237 (+17.5%), from €178,482 to €209,719
of which Tax-exempt reserves: +€17,644
- Debts after one year -€5,106
down €5,106 (-85.6%), from €5,963 to €857
- Current portion of long-term debt -€4,735
down €4,735 (-48.1%), from €9,841 to €5,106
- Provisions +€4,411
new in 2025: €4,411
- Gross operating margin +€45,127
up €45,127 (+94.7%), from €47,665 to €92,792
- Depreciation +€6,383
up €6,383 (+15.3%), from €41,819 to €48,202
- Taxes +€3,335
up €3,335 (+449%), from €743 to €4,079
- Other operating charges +€1,293
up €1,293 (+77.8%), from €1,663 to €2,956
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 | €216,511 | €243,895 | +€27,384 | +12.6% |
| Fixed assets | 21/28 | €80,571 | €98,965 | +€18,394 | +22.8% |
| Tangible fixed assets | 22/27 | €80,436 | €98,830 | +€18,394 | +22.9% |
| Land and buildings | 22 | €1,162 | €792 | -€370 | -31.8% |
| Plant, machinery and equipment | 23 | €6,118 | €3,387 | -€2,732 | -44.6% |
| Furniture and vehicles | 24 | €70,543 | €92,374 | +€21,831 | +30.9% |
| Other tangible fixed assets | 26 | €2,613 | €2,278 | -€335 | -12.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €135,940 | €144,930 | +€8,989 | +6.6% |
| Amounts receivable within one year | 40/41 | €10,655 | €15,632 | +€4,977 | +46.7% |
| Trade receivables | 40 | €2,676 | €12,422 | +€9,746 | +364% |
| Other amounts receivable | 41 | €7,979 | €3,210 | -€4,769 | -59.8% |
| Cash at bank and in hand | 54/58 | €113,293 | €123,074 | +€9,781 | +8.6% |
| Deferred charges and accrued income | 490/1 | €11,993 | €6,224 | -€5,769 | -48.1% |
| Total equity and liabilities | 10/49 | €216,511 | €243,895 | +€27,384 | +12.6% |
| Equity | 10/15 | €184,682 | €215,919 | +€31,237 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,482 | €209,719 | +€31,237 | +17.5% |
| Tax-exempt reserves | 132 | - | €17,644 | +€17,644 | |
| Distributable reserves | 133 | €178,482 | €192,075 | +€13,593 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €4,411 | +€4,411 | |
| Deferred taxes | 168 | - | €4,411 | +€4,411 | |
| Amounts payable | 17/49 | €31,829 | €23,565 | -€8,264 | -26.0% |
| Amounts payable after more than one year | 17 | €5,963 | €857 | -€5,106 | -85.6% |
| Financial debts | 170/4 | €5,963 | €857 | -€5,106 | -85.6% |
| Amounts payable within one year | 42/48 | €25,866 | €22,709 | -€3,158 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €9,841 | €5,106 | -€4,735 | -48.1% |
| Trade debts | 44 | €792 | €2,595 | +€1,803 | +228% |
| Suppliers | 440/4 | €792 | €2,595 | +€1,803 | +228% |
| Taxes, remuneration and social security | 45 | €1,129 | €1,062 | -€67 | -5.9% |
| Taxes | 450/3 | €1,129 | €1,062 | -€67 | -5.9% |
| Other amounts payable | 47/48 | €14,105 | €13,946 | -€159 | -1.1% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,819 | €48,202 | +€6,383 | +15.3% |
| Other operating charges | 640/8 | €1,663 | €2,956 | +€1,293 | +77.8% |
| Gross operating margin | 9900 | €47,665 | €92,792 | +€45,127 | +94.7% |
| Operating profit (loss) | 9901 | €4,184 | €41,634 | +€37,450 | +895% |
| Financial income | 75/76B | €44 | €184 | +€140 | +320% |
| Recurring financial income | 75 | €44 | €184 | +€140 | +320% |
| Financial charges | 65/66B | €1,410 | €1,215 | -€195 | -13.8% |
| Recurring financial charges | 65 | €1,410 | €1,215 | -€195 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €2,818 | €40,603 | +€37,785 | +1,341% |
| Transfer from deferred taxes | 780 | - | €589 | +€589 | |
| Transfer to deferred taxes | 680 | - | €5,000 | +€5,000 | |
| Income taxes | 67/77 | €743 | €4,079 | +€3,335 | +449% |
| Profit (loss) for the period | 9904 | €2,075 | €32,114 | +€30,039 | +1,448% |
| Transfer from tax-exempt reserves | 789 | - | €2,356 | +€2,356 | |
| Transfer to tax-exempt reserves | 689 | - | €20,000 | +€20,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,075 | €14,470 | +€12,395 | +597% |
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 28 October 2026 via checked.be.