HAY tech: 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 tech
Largest movements
- Cash -€32,415
down €32,415 (-78.0%), from €41,544 to €9,129
mainly Contributions, distributions and other (-€130,000) and Trade debts (-€18,746)
- Tangible fixed assets -€15,446
down €15,446 (-87.2%), from €17,717 to €2,271
- Receivables within one year +€7,828
up €7,828 (+56.8%), from €13,792 to €21,620
of which Trade receivables: +€8,399
- Profit (loss) carried forward -€31,468
down €31,468 (-95.4%), from €32,976 to €1,508
- Trade debts -€18,746
down €18,746 (-84.3%), from €22,227 to €3,481
- Tax, wage and social debts +€10,629
up €10,629 (+56.2%), from €18,911 to €29,540
of which Taxes: +€19,388
- Gross operating margin +€79,655
up €79,655 (+59.4%), from €134,142 to €213,797
- Staff costs -€39,941
down €39,941 (-39.1%), from €102,044 to €62,103
- Taxes +€32,543
up €32,543 (+754.0%), from €4,316 to €36,859
- Depreciation -€3,963
down €3,963 (-20.4%), from €19,409 to €15,446
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 | €74,115 | €34,530 | -€39,585 | -53.4% |
| Fixed assets | 21/28 | €17,717 | €2,271 | -€15,446 | -87.2% |
| Tangible fixed assets | 22/27 | €17,717 | €2,271 | -€15,446 | -87.2% |
| Furniture and vehicles | 24 | €17,717 | €2,271 | -€15,446 | -87.2% |
| Current assets | 29/58 | €56,398 | €32,259 | -€24,139 | -42.8% |
| Amounts receivable within one year | 40/41 | €13,792 | €21,620 | +€7,828 | +56.8% |
| Trade receivables | 40 | €11,797 | €20,196 | +€8,399 | +71.2% |
| Other amounts receivable | 41 | €1,995 | €1,424 | -€571 | -28.6% |
| Cash at bank and in hand | 54/58 | €41,544 | €9,129 | -€32,415 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,062 | €1,510 | +€448 | +42.2% |
| Total equity and liabilities | 10/49 | €74,115 | €34,530 | -€39,585 | -53.4% |
| Equity | 10/15 | €32,977 | €1,509 | -€31,468 | -95.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,976 | €1,508 | -€31,468 | -95.4% |
| Amounts payable | 17/49 | €41,138 | €33,021 | -€8,117 | -19.7% |
| Amounts payable within one year | 42/48 | €41,138 | €33,021 | -€8,117 | -19.7% |
| Trade debts | 44 | €22,227 | €3,481 | -€18,746 | -84.3% |
| Suppliers | 440/4 | €22,227 | €3,481 | -€18,746 | -84.3% |
| Taxes, remuneration and social security | 45 | €18,911 | €29,540 | +€10,629 | +56.2% |
| Taxes | 450/3 | €5,202 | €24,590 | +€19,388 | +372.7% |
| Remuneration and social security | 454/9 | €13,709 | €4,950 | -€8,759 | -63.9% |
| Remuneration, social security and pensions | 62 | €102,044 | €62,103 | -€39,941 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,409 | €15,446 | -€3,963 | -20.4% |
| Other operating charges | 640/8 | €1,229 | €834 | -€395 | -32.1% |
| Gross operating margin | 9900 | €134,142 | €213,797 | +€79,655 | +59.4% |
| Operating profit (loss) | 9901 | €11,460 | €135,414 | +€123,954 | +1081.6% |
| Financial income | 75/76B | €91 | €94 | +€3 | +3.3% |
| Recurring financial income | 75 | €91 | €94 | +€3 | +3.3% |
| Financial charges | 65/66B | €128 | €117 | -€11 | -8.6% |
| Recurring financial charges | 65 | €128 | €117 | -€11 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €11,423 | €135,391 | +€123,968 | +1085.2% |
| Income taxes | 67/77 | €4,316 | €36,859 | +€32,543 | +754.0% |
| Profit (loss) for the period | 9904 | €7,107 | €98,532 | +€91,425 | +1286.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,107 | €98,532 | +€91,425 | +1286.4% |
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 10 October 2026 via checked.be.