HAULET: 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.
HAULET
Largest movements
- Cash -€17,991
down €17,991 (-30.9%), from €58,263 to €40,272
mainly Receivables within one year (-€14,715) and Investment in fixed assets (net) (-€11,570)
- Receivables within one year +€14,715
up €14,715 (+87.2%), from €16,867 to €31,582
of which Other amounts receivable: +€13,001
- Deferred charges and accrued income +€2,283
up €2,283 (+96.8%), from €2,357 to €4,640
- Tangible fixed assets +€1,774
up €1,774 (+4.4%), from €40,002 to €41,776
of which Furniture and vehicles: +€2,400
- Reserves +€16,017
up €16,017 (+19.5%), from €81,993 to €98,010
of which Distributable reserves: +€16,017
- Tax, wage and social debts -€9,780
no longer reported in 2025 (was €9,780)
- Trade debts -€3,026
down €3,026 (-68.5%), from €4,420 to €1,395
- Other debts -€2,432
no longer reported in 2025 (was €2,432)
- Taxes -€9,087
down €9,087 (-54.9%), from €16,550 to €7,463
- Gross operating margin -€8,066
down €8,066 (-21.0%), from €38,439 to €30,373
- Depreciation +€5,212
up €5,212 (+113.7%), from €4,584 to €9,796
- Other operating charges +€1,615
up €1,615 (+273.7%), from €590 to €2,205
- Financial income +€746
up €746 (+15.9%), from €4,700 to €5,447
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 | €117,625 | €118,405 | +€780 | +0.7% |
| Fixed assets | 21/28 | €40,137 | €41,911 | +€1,774 | +4.4% |
| Tangible fixed assets | 22/27 | €40,002 | €41,776 | +€1,774 | +4.4% |
| Plant, machinery and equipment | 23 | €828 | €203 | -€626 | -75.5% |
| Furniture and vehicles | 24 | €39,174 | €41,574 | +€2,400 | +6.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €77,488 | €76,494 | -€994 | -1.3% |
| Amounts receivable within one year | 40/41 | €16,867 | €31,582 | +€14,715 | +87.2% |
| Trade receivables | 40 | €16,867 | €18,581 | +€1,713 | +10.2% |
| Other amounts receivable | 41 | - | €13,001 | +€13,001 | |
| Cash at bank and in hand | 54/58 | €58,263 | €40,272 | -€17,991 | -30.9% |
| Deferred charges and accrued income | 490/1 | €2,357 | €4,640 | +€2,283 | +96.8% |
| Total equity and liabilities | 10/49 | €117,625 | €118,405 | +€780 | +0.7% |
| Equity | 10/15 | €100,993 | €117,010 | +€16,017 | +15.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €81,993 | €98,010 | +€16,017 | +19.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €80,093 | €96,110 | +€16,017 | +20.0% |
| Amounts payable | 17/49 | €16,632 | €1,395 | -€15,237 | -91.6% |
| Amounts payable within one year | 42/48 | €16,632 | €1,395 | -€15,237 | -91.6% |
| Trade debts | 44 | €4,420 | €1,395 | -€3,026 | -68.5% |
| Suppliers | 440/4 | €4,420 | €1,395 | -€3,026 | -68.5% |
| Taxes, remuneration and social security | 45 | €9,780 | - | -€9,780 | |
| Taxes | 450/3 | €9,780 | - | -€9,780 | |
| Other amounts payable | 47/48 | €2,432 | - | -€2,432 | |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €9,796 | +€5,212 | +113.7% |
| Other operating charges | 640/8 | €590 | €2,205 | +€1,615 | +273.7% |
| Gross operating margin | 9900 | €38,439 | €30,373 | -€8,066 | -21.0% |
| Operating profit (loss) | 9901 | €33,265 | €18,372 | -€14,892 | -44.8% |
| Financial income | 75/76B | €4,700 | €5,447 | +€746 | +15.9% |
| Recurring financial income | 75 | €4,700 | €5,447 | +€746 | +15.9% |
| Financial charges | 65/66B | €297 | €339 | +€42 | +14.1% |
| Recurring financial charges | 65 | €297 | €339 | +€42 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €37,668 | €23,480 | -€14,188 | -37.7% |
| Income taxes | 67/77 | €16,550 | €7,463 | -€9,087 | -54.9% |
| Profit (loss) for the period | 9904 | €21,118 | €16,017 | -€5,101 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,118 | €16,017 | -€5,101 | -24.2% |
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 12 October 2026 via checked.be.