HAUT: what changed
Two fiscal 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.
HAUT
Largest movements
- Tangible fixed assets -€52,687
down €52,687 (-7.7%), from €686,083 to €633,396
of which Other tangible fixed assets: -€62,663
- Cash -€52,143
down €52,143 (-39.9%), from €130,829 to €78,687
mainly Other debts (-€215,000) and Debts after one year (-€43,730)
- Stocks and contracts +€27,559
up €27,559 (+37.7%), from €73,172 to €100,731
- Receivables within one year +€22,342
up €22,342 (+134.4%), from €16,622 to €38,964
of which Trade receivables: +€16,313
- Other debts -€215,000
down €215,000 (-58.9%), from €365,000 to €150,000
- Profit (loss) carried forward +€78,510
up €78,510 (+28.8%), from -€272,613 to -€194,103
- Accrued charges and deferred income +€52,948
up €52,948 (+67.5%), from €78,427 to €131,376
- Tax, wage and social debts +€47,010
up €47,010 (+83.1%), from €56,577 to €103,587
of which Remuneration and social security: +€47,210
- Debts after one year -€43,730
down €43,730 (-9.8%), from €447,699 to €403,969
- Gross operating margin +€752,468
up €752,468 (+681.7%), from €110,388 to €862,856
- Staff costs +€358,117
up €358,117 (+113.6%), from €315,209 to €673,327
- Depreciation +€38,628
up €38,628 (+77.1%), from €50,072 to €88,700
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 | €932,512 | €877,710 | -€54,802 | -5.9% |
| Fixed assets | 21/28 | €703,812 | €647,464 | -€56,348 | -8.0% |
| Intangible fixed assets | 21 | €17,729 | €13,726 | -€4,003 | -22.6% |
| Tangible fixed assets | 22/27 | €686,083 | €633,396 | -€52,687 | -7.7% |
| Plant, machinery and equipment | 23 | €91,735 | €102,475 | +€10,739 | +11.7% |
| Furniture and vehicles | 24 | €3,426 | €2,662 | -€764 | -22.3% |
| Other tangible fixed assets | 26 | €590,922 | €528,259 | -€62,663 | -10.6% |
| Financial fixed assets | 28 | - | €342 | +€342 | |
| Current assets | 29/58 | €228,700 | €230,246 | +€1,546 | +0.7% |
| Stocks and contracts in progress | 3 | €73,172 | €100,731 | +€27,559 | +37.7% |
| Stocks | 30/36 | €73,172 | €100,731 | +€27,559 | +37.7% |
| Amounts receivable within one year | 40/41 | €16,622 | €38,964 | +€22,342 | +134.4% |
| Trade receivables | 40 | €13,022 | €29,335 | +€16,313 | +125.3% |
| Other amounts receivable | 41 | €3,600 | €9,629 | +€6,029 | +167.5% |
| Cash at bank and in hand | 54/58 | €130,829 | €78,687 | -€52,143 | -39.9% |
| Deferred charges and accrued income | 490/1 | €8,077 | €11,865 | +€3,789 | +46.9% |
| Total equity and liabilities | 10/49 | €932,512 | €877,710 | -€54,802 | -5.9% |
| Equity | 10/15 | -€122,613 | -€44,103 | +€78,510 | +64.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,613 | -€194,103 | +€78,510 | +28.8% |
| Amounts payable | 17/49 | €1,055,125 | €921,813 | -€133,312 | -12.6% |
| Amounts payable after more than one year | 17 | €447,699 | €403,969 | -€43,730 | -9.8% |
| Financial debts | 170/4 | €447,699 | €403,969 | -€43,730 | -9.8% |
| Amounts payable within one year | 42/48 | €528,999 | €386,468 | -€142,531 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €42,045 | €43,730 | +€1,684 | +4.0% |
| Trade debts | 44 | €65,376 | €89,152 | +€23,776 | +36.4% |
| Suppliers | 440/4 | €65,376 | €89,152 | +€23,776 | +36.4% |
| Taxes, remuneration and social security | 45 | €56,577 | €103,587 | +€47,010 | +83.1% |
| Taxes | 450/3 | €10,592 | €10,392 | -€200 | -1.9% |
| Remuneration and social security | 454/9 | €45,985 | €93,195 | +€47,210 | +102.7% |
| Other amounts payable | 47/48 | €365,000 | €150,000 | -€215,000 | -58.9% |
| Accrued charges and deferred income | 492/3 | €78,427 | €131,376 | +€52,948 | +67.5% |
| Remuneration, social security and pensions | 62 | €315,209 | €673,327 | +€358,117 | +113.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,072 | €88,700 | +€38,628 | +77.1% |
| Other operating charges | 640/8 | €527 | €1,785 | +€1,258 | +238.6% |
| Gross operating margin | 9900 | €110,388 | €862,856 | +€752,468 | +681.7% |
| Operating profit (loss) | 9901 | -€255,420 | €99,045 | +€354,465 | |
| Financial income | 75/76B | €3,902 | €18 | -€3,885 | -99.6% |
| Recurring financial income | 75 | €3,902 | €18 | -€3,885 | -99.6% |
| Financial charges | 65/66B | €21,096 | €20,552 | -€544 | -2.6% |
| Recurring financial charges | 65 | €21,096 | €20,552 | -€544 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€272,613 | €78,510 | +€351,124 | |
| Profit (loss) for the period | 9904 | -€272,613 | €78,510 | +€351,124 | |
| Profit (loss) for the period to be appropriated | 9905 | -€272,613 | €78,510 | +€351,124 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.