HAXAN: 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.
HAXAN
Largest movements
- Cash +€19,903
up €19,903 (+26.2%), from €76,087 to €95,990
mainly Net result for the year (+€42,553) and Trade debts (+€346)
- Receivables within one year +€4,367
up €4,367 (+35.9%), from €12,152 to €16,518
of which Trade receivables: +€2,952
- Reserves +€35,140
up €35,140 (+92.8%), from €37,860 to €73,000
of which Distributable reserves: +€37,000
- Tax, wage and social debts -€18,630
down €18,630 (-63.0%), from €29,565 to €10,935
of which Taxes: -€19,847
- Profit (loss) carried forward +€5,553
up €5,553 (+38.0%), from €14,630 to €20,184
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
of which Contributions outside capital: +€8,060
- Gross operating margin -€14,742
down €14,742 (-19.8%), from €74,507 to €59,765
- Purchases and services +€8,884
up €8,884 (+17.3%), from €51,314 to €60,198
- Taxes -€7,089
down €7,089 (-31.5%), from €22,497 to €15,408
- Turnover -€5,670
down €5,670 (-4.6%), from €123,165 to €117,495
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 | €88,928 | €113,198 | +€24,270 | +27.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €88,928 | €113,198 | +€24,270 | +27.3% |
| Amounts receivable within one year | 40/41 | €12,152 | €16,518 | +€4,367 | +35.9% |
| Trade receivables | 40 | €11,319 | €14,272 | +€2,952 | +26.1% |
| Other amounts receivable | 41 | €833 | €2,247 | +€1,414 | +170% |
| Cash at bank and in hand | 54/58 | €76,087 | €95,990 | +€19,903 | +26.2% |
| Deferred charges and accrued income | 490/1 | €689 | €689 | = | 0.0% |
| Total equity and liabilities | 10/49 | €88,928 | €113,198 | +€24,270 | +27.3% |
| Equity | 10/15 | €58,690 | €101,244 | +€42,553 | +72.5% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Capital | 10 | €6,200 | €0 | -€6,200 | -100% |
| Issued capital | 100 | €18,600 | €0 | -€18,600 | -100% |
| Uncalled capital | 101 | €12,400 | €0 | -€12,400 | -100% |
| Contributions outside capital | 11 | - | €8,060 | +€8,060 | |
| Other | 1109/19 | - | €8,060 | +€8,060 | |
| Reserves | 13 | €37,860 | €73,000 | +€35,140 | +92.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Legal reserve | 130 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €36,000 | €73,000 | +€37,000 | +103% |
| Profit (loss) carried forward | 14 | €14,630 | €20,184 | +€5,553 | +38.0% |
| Amounts payable | 17/49 | €30,238 | €11,954 | -€18,284 | -60.5% |
| Amounts payable within one year | 42/48 | €30,238 | €11,954 | -€18,284 | -60.5% |
| Trade debts | 44 | €673 | €1,019 | +€346 | +51.4% |
| Suppliers | 440/4 | €673 | €1,019 | +€346 | +51.4% |
| Taxes, remuneration and social security | 45 | €29,565 | €10,935 | -€18,630 | -63.0% |
| Taxes | 450/3 | €29,565 | €9,718 | -€19,847 | -67.1% |
| Remuneration and social security | 454/9 | €0 | €1,217 | +€1,217 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €123,165 | €117,495 | -€5,670 | -4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,314 | €60,198 | +€8,884 | +17.3% |
| Gross operating margin | 9900 | €74,507 | €59,765 | -€14,742 | -19.8% |
| Operating profit (loss) | 9901 | €74,507 | €59,765 | -€14,742 | -19.8% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €1,783 | €1,803 | +€20 | +1.1% |
| Recurring financial charges | 65 | €1,783 | €1,803 | +€20 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €72,730 | €57,962 | -€14,768 | -20.3% |
| Income taxes | 67/77 | €22,497 | €15,408 | -€7,089 | -31.5% |
| Profit (loss) for the period | 9904 | €50,232 | €42,553 | -€7,679 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,232 | €42,553 | -€7,679 | -15.3% |
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.