HAUDECAGRI: 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.
HAUDECAGRI
Largest movements
- Tangible fixed assets -€38,898
down €38,898 (-12.4%), from €314,293 to €275,395
of which Furniture and vehicles: -€37,100
- Cash +€13,653
up €13,653 (+89.6%), from €15,234 to €28,887
mainly Depreciation (+€78,305) and Current portion of long-term debt (+€5,714)
- Debts after one year -€13,876
down €13,876 (-13.4%), from €103,473 to €89,597
- Trade debts -€12,943
down €12,943 (-99.4%), from €13,024 to €81
- Current portion of long-term debt +€5,714
up €5,714 (+12.7%), from €44,829 to €50,543
- Other debts -€5,371
down €5,371 (-2.8%), from €195,186 to €189,814
- Gross operating margin +€29,359
up €29,359 (+52.2%), from €56,274 to €85,633
- Depreciation +€2,574
up €2,574 (+3.4%), from €75,731 to €78,305
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 | €339,350 | €315,733 | -€23,618 | -7.0% |
| Formation expenses | 20 | €531 | €265 | -€266 | -50.1% |
| Fixed assets | 21/28 | €314,293 | €275,395 | -€38,898 | -12.4% |
| Tangible fixed assets | 22/27 | €314,293 | €275,395 | -€38,898 | -12.4% |
| Furniture and vehicles | 24 | €301,295 | €264,194 | -€37,100 | -12.3% |
| Other tangible fixed assets | 26 | €12,999 | €11,200 | -€1,798 | -13.8% |
| Current assets | 29/58 | €24,526 | €40,073 | +€15,547 | +63.4% |
| Amounts receivable within one year | 40/41 | €9,292 | €10,105 | +€813 | +8.7% |
| Trade receivables | 40 | €9,292 | €10,105 | +€813 | +8.7% |
| Cash at bank and in hand | 54/58 | €15,234 | €28,887 | +€13,653 | +89.6% |
| Deferred charges and accrued income | 490/1 | - | €1,081 | +€1,081 | |
| Total equity and liabilities | 10/49 | €339,350 | €315,733 | -€23,618 | -7.0% |
| Equity | 10/15 | -€18,527 | -€16,828 | +€1,699 | +9.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,527 | -€21,828 | +€1,699 | +7.2% |
| Amounts payable | 17/49 | €357,877 | €332,561 | -€25,316 | -7.1% |
| Amounts payable after more than one year | 17 | €103,473 | €89,597 | -€13,876 | -13.4% |
| Financial debts | 170/4 | €103,473 | €89,597 | -€13,876 | -13.4% |
| Amounts payable within one year | 42/48 | €254,404 | €242,964 | -€11,440 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €44,829 | €50,543 | +€5,714 | +12.7% |
| Trade debts | 44 | €13,024 | €81 | -€12,943 | -99.4% |
| Suppliers | 440/4 | €13,024 | €81 | -€12,943 | -99.4% |
| Taxes, remuneration and social security | 45 | €1,366 | €2,526 | +€1,160 | +84.9% |
| Taxes | 450/3 | €1,366 | €2,526 | +€1,160 | +84.9% |
| Other amounts payable | 47/48 | €195,186 | €189,814 | -€5,371 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,731 | €78,305 | +€2,574 | +3.4% |
| Other operating charges | 640/8 | €153 | €280 | +€126 | +82.5% |
| Gross operating margin | 9900 | €56,274 | €85,633 | +€29,359 | +52.2% |
| Operating profit (loss) | 9901 | -€19,610 | €7,049 | +€26,658 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.2% |
| Financial charges | 65/66B | €4,802 | €5,350 | +€548 | +11.4% |
| Recurring financial charges | 65 | €4,802 | €5,350 | +€548 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,411 | €1,699 | +€26,110 | |
| Profit (loss) for the period | 9904 | -€24,411 | €1,699 | +€26,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,411 | €1,699 | +€26,110 |
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 26 October 2026 via checked.be.