HAUSSMANN: 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.
HAUSSMANN
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+67.0%), from €2.3m to €3.9m
of which Land and buildings: +€1.4m
- Current investments +€499,751
up €499,751 (+200%), from €250,000 to €749,751
- Receivables within one year +€416,830
up €416,830 (+335%), from €124,569 to €541,399
of which Trade receivables: +€349,077
- Cash -€107,978
down €107,978 (-11.7%), from €924,876 to €816,898
mainly Investment in fixed assets (net) (-€1.9m) and Current investments (-€499,751)
- Debts after one year +€1.9m
up €1.9m (+71.5%), from €2.7m to €4.7m
- Reserves +€467,224
up €467,224 (+37.0%), from €1.3m to €1.7m
of which Tax-exempt reserves: +€233,612
- Other debts -€223,114
down €223,114 (-33.9%), from €658,462 to €435,348
- Current portion of long-term debt +€93,649
up €93,649 (+44.5%), from €210,329 to €303,978
- Gross operating margin +€385,192
up €385,192 (+56.9%), from €676,586 to €1.1m
- Depreciation +€234,592
up €234,592 (+152%), from €153,968 to €388,560
- Financial income +€138,427
up €138,427 (+882%), from €15,687 to €154,114
of which Non-recurring financial income: +€139,610
- Taxes +€60,377
up €60,377 (+63.1%), from €95,646 to €156,023
- Financial charges +€48,190
up €48,190 (+65.0%), from €74,187 to €122,376
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 | €5,023,602 | €7,409,185 | +€2.4m | +47.5% |
| Fixed assets | 21/28 | €3,671,081 | €5,226,437 | +€1.6m | +42.4% |
| Tangible fixed assets | 22/27 | €2,321,081 | €3,876,437 | +€1.6m | +67.0% |
| Land and buildings | 22 | €2,288,255 | €3,724,053 | +€1.4m | +62.7% |
| Plant, machinery and equipment | 23 | €51 | €3,537 | +€3,485 | +6,770% |
| Furniture and vehicles | 24 | €32,774 | €148,847 | +€116,073 | +354% |
| Financial fixed assets | 28 | €1,350,000 | €1,350,000 | = | 0.0% |
| Current assets | 29/58 | €1,352,522 | €2,182,748 | +€830,226 | +61.4% |
| Stocks and contracts in progress | 3 | €22,283 | €9,000 | -€13,283 | -59.6% |
| Stocks | 30/36 | €22,283 | €9,000 | -€13,283 | -59.6% |
| Amounts receivable within one year | 40/41 | €124,569 | €541,399 | +€416,830 | +335% |
| Trade receivables | 40 | €86,218 | €435,295 | +€349,077 | +405% |
| Other amounts receivable | 41 | €38,351 | €106,104 | +€67,753 | +177% |
| Current investments | 50/53 | €250,000 | €749,751 | +€499,751 | +200% |
| Cash at bank and in hand | 54/58 | €924,876 | €816,898 | -€107,978 | -11.7% |
| Deferred charges and accrued income | 490/1 | €30,794 | €65,700 | +€34,906 | +113% |
| Total equity and liabilities | 10/49 | €5,023,602 | €7,409,185 | +€2.4m | +47.5% |
| Equity | 10/15 | €1,280,943 | €1,748,167 | +€467,224 | +36.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,262,343 | €1,729,567 | +€467,224 | +37.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €255,449 | €489,061 | +€233,612 | +91.5% |
| Distributable reserves | 133 | €1,005,034 | €1,238,646 | +€233,612 | +23.2% |
| Provisions and deferred taxes | 16 | €33,000 | €33,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,000 | €33,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €33,000 | €33,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,709,659 | €5,628,018 | +€1.9m | +51.7% |
| Amounts payable after more than one year | 17 | €2,722,807 | €4,670,373 | +€1.9m | +71.5% |
| Financial debts | 170/4 | €2,722,807 | €4,670,373 | +€1.9m | +71.5% |
| Amounts payable within one year | 42/48 | €954,393 | €898,649 | -€55,744 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €210,329 | €303,978 | +€93,649 | +44.5% |
| Financial debts | 43 | €15,889 | €52,000 | +€36,111 | +227% |
| Credit institutions | 430/8 | €15,889 | €52,000 | +€36,111 | +227% |
| Trade debts | 44 | €26,858 | €17,171 | -€9,688 | -36.1% |
| Suppliers | 440/4 | €26,858 | €17,171 | -€9,688 | -36.1% |
| Advances received on contracts in progress | 46 | €3,090 | €3,090 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,765 | €87,062 | +€47,298 | +119% |
| Taxes | 450/3 | €34,784 | €78,745 | +€43,961 | +126% |
| Remuneration and social security | 454/9 | €4,980 | €8,317 | +€3,337 | +67.0% |
| Other amounts payable | 47/48 | €658,462 | €435,348 | -€223,114 | -33.9% |
| Accrued charges and deferred income | 492/3 | €32,459 | €58,996 | +€26,537 | +81.8% |
| Non-recurring operating income | 76A | €4,959 | - | -€4,959 | |
| Remuneration, social security and pensions | 62 | €54,697 | €50,988 | -€3,709 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,968 | €388,560 | +€234,592 | +152% |
| Other operating charges | 640/8 | €49,623 | €30,721 | -€18,902 | -38.1% |
| Gross operating margin | 9900 | €676,586 | €1,061,778 | +€385,192 | +56.9% |
| Operating profit (loss) | 9901 | €418,298 | €591,509 | +€173,211 | +41.4% |
| Financial income | 75/76B | €15,687 | €154,114 | +€138,427 | +882% |
| Recurring financial income | 75 | €15,687 | €14,505 | -€1,182 | -7.5% |
| Non-recurring financial income | 76B | - | €139,610 | +€139,610 | |
| Financial charges | 65/66B | €74,187 | €122,376 | +€48,190 | +65.0% |
| Recurring financial charges | 65 | €74,187 | €122,376 | +€48,190 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €359,798 | €623,247 | +€263,449 | +73.2% |
| Income taxes | 67/77 | €95,646 | €156,023 | +€60,377 | +63.1% |
| Profit (loss) for the period | 9904 | €264,152 | €467,224 | +€203,072 | +76.9% |
| Transfer to tax-exempt reserves | 689 | €132,076 | €233,612 | +€101,536 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €132,076 | €233,612 | +€101,536 | +76.9% |
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 14 October 2026 via checked.be.