HAY PROGRESS: 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.
HAY PROGRESS
Largest movements
- Receivables within one year -€8,492
down €8,492 (-14.3%), from €59,414 to €50,922
of which Other amounts receivable: -€8,434
- Cash +€3,689
up €3,689 (+137%), from €2,689 to €6,378
mainly Receivables within one year (+€8,492) and Net result for the year (+€7,469)
- Tangible fixed assets -€2,087
down €2,087 (-59.6%), from €3,502 to €1,415
of which Furniture and vehicles: -€1,550
- Tax, wage and social debts -€13,983
down €13,983 (-80.1%), from €17,467 to €3,483
of which Remuneration and social security: -€12,058
- Profit (loss) carried forward +€7,469
up €7,469 (+26.4%), from €28,246 to €35,715
- Trade debts -€860
no longer reported in 2025 (was €860)
- Staff costs -€63,693
down €63,693 (-73.8%), from €86,320 to €22,626
- Gross operating margin -€63,107
down €63,107 (-63.8%), from €98,956 to €35,850
- Other operating charges -€2,937
down €2,937 (-69.6%), from €4,219 to €1,281
- Financial charges -€1,189
down €1,189 (-78.0%), from €1,524 to €335
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 | €66,042 | €58,848 | -€7,194 | -10.9% |
| Fixed assets | 21/28 | €3,502 | €1,415 | -€2,087 | -59.6% |
| Tangible fixed assets | 22/27 | €3,502 | €1,415 | -€2,087 | -59.6% |
| Land and buildings | 22 | €1,612 | €1,074 | -€537 | -33.3% |
| Furniture and vehicles | 24 | €1,890 | €340 | -€1,550 | -82.0% |
| Current assets | 29/58 | €62,540 | €57,433 | -€5,107 | -8.2% |
| Amounts receivable within one year | 40/41 | €59,414 | €50,922 | -€8,492 | -14.3% |
| Trade receivables | 40 | €58 | - | -€58 | |
| Other amounts receivable | 41 | €59,356 | €50,922 | -€8,434 | -14.2% |
| Cash at bank and in hand | 54/58 | €2,689 | €6,378 | +€3,689 | +137% |
| Deferred charges and accrued income | 490/1 | €438 | €133 | -€304 | -69.5% |
| Total equity and liabilities | 10/49 | €66,042 | €58,848 | -€7,194 | -10.9% |
| Equity | 10/15 | €47,716 | €55,365 | +€7,649 | +16.0% |
| Contributions | 10/11 | €18,420 | €18,600 | +€180 | +1.0% |
| Reserves | 13 | €1,050 | €1,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,050 | €1,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,050 | €1,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,246 | €35,715 | +€7,469 | +26.4% |
| Amounts payable | 17/49 | €18,327 | €3,483 | -€14,843 | -81.0% |
| Amounts payable within one year | 42/48 | €18,327 | €3,483 | -€14,843 | -81.0% |
| Trade debts | 44 | €860 | - | -€860 | |
| Suppliers | 440/4 | €860 | - | -€860 | |
| Taxes, remuneration and social security | 45 | €17,467 | €3,483 | -€13,983 | -80.1% |
| Taxes | 450/3 | €5,409 | €3,483 | -€1,925 | -35.6% |
| Remuneration and social security | 454/9 | €12,058 | - | -€12,058 | |
| Remuneration, social security and pensions | 62 | €86,320 | €22,626 | -€63,693 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,087 | €2,087 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,219 | €1,281 | -€2,937 | -69.6% |
| Gross operating margin | 9900 | €98,956 | €35,850 | -€63,107 | -63.8% |
| Operating profit (loss) | 9901 | €6,331 | €9,855 | +€3,524 | +55.7% |
| Financial charges | 65/66B | €1,524 | €335 | -€1,189 | -78.0% |
| Recurring financial charges | 65 | €1,524 | €335 | -€1,189 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €4,807 | €9,520 | +€4,713 | +98.0% |
| Income taxes | 67/77 | €1,382 | €2,051 | +€669 | +48.4% |
| Profit (loss) for the period | 9904 | €3,425 | €7,469 | +€4,044 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €3,425 | €7,469 | +€4,044 | +118% |
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 22 October 2026 via checked.be.