HAXAKO: 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.
HAXAKO
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€20,000
up €20,000 (+66.7%), from €30,000 to €50,000
of which Trade receivables: +€20,000
- Reserves +€148,242
up €148,242 (+87.6%), from €169,186 to €317,428
- Debts after one year -€62,630
down €62,630 (-19.3%), from €323,792 to €261,162
- Tax, wage and social debts -€19,517
down €19,517 (-56.6%), from €34,470 to €14,953
- Trade debts +€10,688
up €10,688 (+242%), from €4,409 to €15,097
- Financial income +€43,955
up €43,955 (+137%), from €32,000 to €75,955
- Financial charges -€2,016
down €2,016 (-17.8%), from €11,343 to €9,327
- Gross operating margin -€1,115
down €1,115 (-1.1%), from €103,221 to €102,106
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 | €613,088 | €691,325 | +€78,236 | +12.8% |
| Fixed assets | 21/28 | €500,000 | €500,000 | = | 0.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €113,088 | €191,325 | +€78,236 | +69.2% |
| Amounts receivable within one year | 40/41 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Trade receivables | 40 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €79,954 | €86,682 | +€6,727 | +8.4% |
| Deferred charges and accrued income | 490/1 | €3,134 | €4,643 | +€1,509 | +48.1% |
| Total equity and liabilities | 10/49 | €613,088 | €691,325 | +€78,236 | +12.8% |
| Equity | 10/15 | €189,186 | €337,428 | +€148,242 | +78.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €169,186 | €317,428 | +€148,242 | +87.6% |
| Distributable reserves | 133 | €169,186 | €317,428 | +€148,242 | +87.6% |
| Amounts payable | 17/49 | €423,902 | €353,897 | -€70,005 | -16.5% |
| Amounts payable after more than one year | 17 | €323,792 | €261,162 | -€62,630 | -19.3% |
| Financial debts | 170/4 | €323,792 | €261,162 | -€62,630 | -19.3% |
| Amounts payable within one year | 42/48 | €100,055 | €92,681 | -€7,374 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €61,175 | €62,630 | +€1,455 | +2.4% |
| Trade debts | 44 | €4,409 | €15,097 | +€10,688 | +242% |
| Suppliers | 440/4 | €4,409 | €15,097 | +€10,688 | +242% |
| Taxes, remuneration and social security | 45 | €34,470 | €14,953 | -€19,517 | -56.6% |
| Taxes | 450/3 | €34,470 | €14,953 | -€19,517 | -56.6% |
| Accrued charges and deferred income | 492/3 | €56 | €55 | -€1 | -1.4% |
| Other operating charges | 640/8 | €453 | €960 | +€507 | +112% |
| Gross operating margin | 9900 | €103,221 | €102,106 | -€1,115 | -1.1% |
| Operating profit (loss) | 9901 | €102,768 | €101,146 | -€1,622 | -1.6% |
| Financial income | 75/76B | €32,000 | €75,955 | +€43,955 | +137% |
| Recurring financial income | 75 | €32,000 | €75,955 | +€43,955 | +137% |
| Financial charges | 65/66B | €11,343 | €9,327 | -€2,016 | -17.8% |
| Recurring financial charges | 65 | €11,343 | €9,327 | -€2,016 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €123,425 | €167,774 | +€44,349 | +35.9% |
| Income taxes | 67/77 | €18,900 | €19,533 | +€632 | +3.3% |
| Profit (loss) for the period | 9904 | €104,525 | €148,242 | +€43,717 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,525 | €148,242 | +€43,717 | +41.8% |
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 15 October 2026 via checked.be.