HAUBROUGE: 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.
HAUBROUGE
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+14011.1%), from €9,621 to €1.4m
- Tangible fixed assets +€620,735
up €620,735 (+36.8%), from €1.7m to €2.3m
of which Land and buildings: +€670,721
- Stocks and contracts +€116,120
up €116,120 (+23.6%), from €491,934 to €608,053
- Receivables within one year -€83,511
down €83,511 (-60.4%), from €138,153 to €54,642
of which Trade receivables: -€72,769
- Debts after one year +€1.9m
up €1.9m (+151.5%), from €1.2m to €3.1m
of which Financial debts: +€1.9m
- Other debts +€85,169
up €85,169 (+14.4%), from €590,014 to €675,183
- Profit (loss) carried forward +€48,880
up €48,880 (+17.9%), from -€273,417 to -€224,537
- Turnover -€76,075
down €76,075 (-17.3%), from €440,767 to €364,692
- Purchases and services -€52,004
down €52,004 (-17.9%), from €290,668 to €238,664
- Gross operating margin -€14,120
down €14,120 (-6.1%), from €230,782 to €216,662
- Financial income -€8,224
down €8,224 (-51.1%), from €16,089 to €7,865
of which Non-recurring financial income: -€8,228
- Financial charges +€4,968
up €4,968 (+10.9%), from €45,729 to €50,697
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 | €2,379,934 | €4,404,694 | +€2.0m | +85.1% |
| Fixed assets | 21/28 | €1,697,896 | €3,666,660 | +€2.0m | +116.0% |
| Tangible fixed assets | 22/27 | €1,688,275 | €2,309,011 | +€620,735 | +36.8% |
| Land and buildings | 22 | €1,442,413 | €2,113,135 | +€670,721 | +46.5% |
| Plant, machinery and equipment | 23 | €208,531 | €169,227 | -€39,304 | -18.8% |
| Furniture and vehicles | 24 | €37,331 | €26,649 | -€10,682 | -28.6% |
| Financial fixed assets | 28 | €9,621 | €1,357,649 | +€1.3m | +14011.1% |
| Current assets | 29/58 | €682,038 | €738,035 | +€55,997 | +8.2% |
| Stocks and contracts in progress | 3 | €491,934 | €608,053 | +€116,120 | +23.6% |
| Stocks | 30/36 | €491,934 | €608,053 | +€116,120 | +23.6% |
| Amounts receivable within one year | 40/41 | €138,153 | €54,642 | -€83,511 | -60.4% |
| Trade receivables | 40 | €123,659 | €50,890 | -€72,769 | -58.8% |
| Other amounts receivable | 41 | €14,494 | €3,752 | -€10,742 | -74.1% |
| Cash at bank and in hand | 54/58 | €24,079 | €34,168 | +€10,089 | +41.9% |
| Deferred charges and accrued income | 490/1 | €27,873 | €41,172 | +€13,299 | +47.7% |
| Total equity and liabilities | 10/49 | €2,379,934 | €4,404,694 | +€2.0m | +85.1% |
| Equity | 10/15 | €405,165 | €454,046 | +€48,880 | +12.1% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €78,582 | €78,582 | = | 0.0% |
| Distributable reserves | 133 | €78,582 | €78,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€273,417 | -€224,537 | +€48,880 | +17.9% |
| Amounts payable | 17/49 | €1,974,769 | €3,950,649 | +€2.0m | +100.1% |
| Amounts payable after more than one year | 17 | €1,227,241 | €3,087,010 | +€1.9m | +151.5% |
| Financial debts | 170/4 | €1,116,241 | €2,976,010 | +€1.9m | +166.6% |
| Other amounts payable | 178/9 | €111,000 | €111,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €747,456 | €862,396 | +€114,940 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €110,927 | €125,231 | +€14,304 | +12.9% |
| Trade debts | 44 | €39,893 | €61,982 | +€22,089 | +55.4% |
| Suppliers | 440/4 | €39,893 | €61,982 | +€22,089 | +55.4% |
| Taxes, remuneration and social security | 45 | €6,621 | - | -€6,621 | |
| Taxes | 450/3 | €6,621 | - | -€6,621 | |
| Other amounts payable | 47/48 | €590,014 | €675,183 | +€85,169 | +14.4% |
| Accrued charges and deferred income | 492/3 | €72 | €1,242 | +€1,171 | +1630.5% |
| Turnover | 70 | €440,767 | €364,692 | -€76,075 | -17.3% |
| Non-recurring operating income | 76A | €80,684 | €90,634 | +€9,950 | +12.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €290,668 | €238,664 | -€52,004 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,930 | €115,614 | +€4,684 | +4.2% |
| Other operating charges | 640/8 | €5,056 | €8,668 | +€3,612 | +71.4% |
| Gross operating margin | 9900 | €230,782 | €216,662 | -€14,120 | -6.1% |
| Operating profit (loss) | 9901 | €114,796 | €92,380 | -€22,416 | -19.5% |
| Financial income | 75/76B | €16,089 | €7,865 | -€8,224 | -51.1% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +345.6% |
| Non-recurring financial income | 76B | €16,088 | €7,859 | -€8,228 | -51.1% |
| Financial charges | 65/66B | €45,729 | €50,697 | +€4,968 | +10.9% |
| Recurring financial charges | 65 | €45,729 | €50,697 | +€4,968 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €85,156 | €49,548 | -€35,608 | -41.8% |
| Income taxes | 67/77 | €289 | €668 | +€379 | +131.0% |
| Profit (loss) for the period | 9904 | €84,867 | €48,880 | -€35,987 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,867 | €48,880 | -€35,987 | -42.4% |
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 9 October 2026 via checked.be.