HAUDESTAINE: 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.
HAUDESTAINE
Largest movements
- Tangible fixed assets -€57,295
down €57,295 (-28.1%), from €203,565 to €146,270
of which Furniture and vehicles: -€41,866
- Receivables within one year +€28,691
up €28,691 (+31.3%), from €91,698 to €120,389
of which Trade receivables: +€30,735
- Debts after one year -€38,529
down €38,529 (-33.4%), from €115,480 to €76,951
- Profit (loss) carried forward +€30,969
up €30,969 (+52.2%), from €59,304 to €90,272
- Tax, wage and social debts -€12,665
down €12,665 (-85.6%), from €14,803 to €2,137
of which Remuneration and social security: -€12,199
- Current portion of long-term debt -€7,094
down €7,094 (-10.0%), from €71,021 to €63,926
- Trade debts -€6,961
down €6,961 (-3.2%), from €215,635 to €208,674
- Depreciation -€19,047
down €19,047 (-39.9%), from €47,767 to €28,720
- Gross operating margin -€7,805
down €7,805 (-2.9%), from €270,860 to €263,056
- Staff costs -€6,011
down €6,011 (-3.4%), from €177,320 to €171,309
- Taxes +€4,833
up €4,833 (+641%), from €754 to €5,588
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 | €583,159 | €547,327 | -€35,832 | -6.1% |
| Fixed assets | 21/28 | €204,883 | €147,588 | -€57,295 | -28.0% |
| Tangible fixed assets | 22/27 | €203,565 | €146,270 | -€57,295 | -28.1% |
| Land and buildings | 22 | €116,629 | €104,162 | -€12,468 | -10.7% |
| Plant, machinery and equipment | 23 | €22,202 | €19,240 | -€2,962 | -13.3% |
| Furniture and vehicles | 24 | €64,734 | €22,868 | -€41,866 | -64.7% |
| Financial fixed assets | 28 | €1,318 | €1,318 | = | 0.0% |
| Current assets | 29/58 | €378,276 | €399,739 | +€21,463 | +5.7% |
| Stocks and contracts in progress | 3 | €221,932 | €220,192 | -€1,740 | -0.8% |
| Stocks | 30/36 | €221,932 | €220,192 | -€1,740 | -0.8% |
| Amounts receivable within one year | 40/41 | €91,698 | €120,389 | +€28,691 | +31.3% |
| Trade receivables | 40 | €89,654 | €120,389 | +€30,735 | +34.3% |
| Other amounts receivable | 41 | €2,044 | €0 | -€2,044 | -100% |
| Cash at bank and in hand | 54/58 | €64,647 | €59,158 | -€5,489 | -8.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €583,159 | €547,327 | -€35,832 | -6.1% |
| Equity | 10/15 | €163,504 | €194,472 | +€30,969 | +18.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €42,200 | €42,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,304 | €90,272 | +€30,969 | +52.2% |
| Amounts payable | 17/49 | €419,656 | €352,854 | -€66,801 | -15.9% |
| Amounts payable after more than one year | 17 | €115,480 | €76,951 | -€38,529 | -33.4% |
| Financial debts | 170/4 | €115,480 | €76,951 | -€38,529 | -33.4% |
| Amounts payable within one year | 42/48 | €304,176 | €275,904 | -€28,272 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €71,021 | €63,926 | -€7,094 | -10.0% |
| Trade debts | 44 | €215,635 | €208,674 | -€6,961 | -3.2% |
| Suppliers | 440/4 | €215,635 | €208,674 | -€6,961 | -3.2% |
| Taxes, remuneration and social security | 45 | €14,803 | €2,137 | -€12,665 | -85.6% |
| Taxes | 450/3 | €2,603 | €2,137 | -€466 | -17.9% |
| Remuneration and social security | 454/9 | €12,199 | €0 | -€12,199 | -100% |
| Other amounts payable | 47/48 | €2,718 | €1,166 | -€1,552 | -57.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €177,320 | €171,309 | -€6,011 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,767 | €28,720 | -€19,047 | -39.9% |
| Other operating charges | 640/8 | €6,935 | €8,919 | +€1,984 | +28.6% |
| Non-recurring operating charges | 66A | €1,841 | €10,621 | +€8,779 | +477% |
| Gross operating margin | 9900 | €270,860 | €263,056 | -€7,805 | -2.9% |
| Operating profit (loss) | 9901 | €36,997 | €43,488 | +€6,490 | +17.5% |
| Financial income | 75/76B | €603 | €337 | -€266 | -44.1% |
| Recurring financial income | 75 | €603 | €337 | -€266 | -44.1% |
| Financial charges | 65/66B | €6,734 | €7,268 | +€534 | +7.9% |
| Recurring financial charges | 65 | €6,734 | €7,268 | +€534 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €30,866 | €36,557 | +€5,691 | +18.4% |
| Income taxes | 67/77 | €754 | €5,588 | +€4,833 | +641% |
| Profit (loss) for the period | 9904 | €30,112 | €30,969 | +€857 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,112 | €30,969 | +€857 | +2.8% |
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 30 October 2026 via checked.be.