HAYETIMMO: 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.
HAYETIMMO
Largest movements
- Tangible fixed assets +€365,989
up €365,989 (+192.9%), from €189,757 to €555,746
of which Plant, machinery and equipment: +€350,176
- Receivables within one year -€8,940
down €8,940 (-60.3%), from €14,831 to €5,891
of which Other amounts receivable: -€4,581
- Intangible fixed assets +€6,508
new in 2025: €6,508
- Debts after one year +€187,821
up €187,821 (+98.6%), from €190,518 to €378,339
of which Financial debts: +€306,403
- Other debts +€130,586
new in 2025: €130,586
- Current portion of long-term debt +€44,791
up €44,791 (+371.1%), from €12,069 to €56,860
- Trade debts +€9,802
up €9,802 (+8015.1%), from €122 to €9,924
- Gross operating margin -€5,269
down €5,269 (-15.2%), from €34,716 to €29,447
- Depreciation +€4,356
up €4,356 (+25.0%), from €17,401 to €21,757
- Financial charges +€4,308
up €4,308 (+89.2%), from €4,832 to €9,140
- Other operating charges +€466
up €466 (+15.1%), from €3,092 to €3,558
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 | €212,664 | €579,397 | +€366,733 | +172.4% |
| Fixed assets | 21/28 | €189,757 | €562,254 | +€372,497 | +196.3% |
| Intangible fixed assets | 21 | - | €6,508 | +€6,508 | |
| Tangible fixed assets | 22/27 | €189,757 | €555,746 | +€365,989 | +192.9% |
| Land and buildings | 22 | €184,603 | €179,810 | -€4,793 | -2.6% |
| Plant, machinery and equipment | 23 | €5,154 | €355,330 | +€350,176 | +6794.8% |
| Other tangible fixed assets | 26 | - | €20,606 | +€20,606 | |
| Current assets | 29/58 | €22,908 | €17,143 | -€5,765 | -25.2% |
| Amounts receivable within one year | 40/41 | €14,831 | €5,891 | -€8,940 | -60.3% |
| Trade receivables | 40 | €10,250 | €5,891 | -€4,359 | -42.5% |
| Other amounts receivable | 41 | €4,581 | - | -€4,581 | |
| Cash at bank and in hand | 54/58 | €7,487 | €10,342 | +€2,855 | +38.1% |
| Deferred charges and accrued income | 490/1 | €589 | €910 | +€321 | +54.5% |
| Total equity and liabilities | 10/49 | €212,664 | €579,397 | +€366,733 | +172.4% |
| Equity | 10/15 | €9,955 | €1,760 | -€8,195 | -82.3% |
| Contributions | 10/11 | €29,164 | €29,164 | = | 0.0% |
| Reserves | 13 | €6,161 | €2,003 | -€4,158 | -67.5% |
| Tax-exempt reserves | 132 | €4,158 | - | -€4,158 | |
| Distributable reserves | 133 | €2,003 | €2,003 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€25,370 | -€29,407 | -€4,037 | -15.9% |
| Amounts payable | 17/49 | €202,709 | €577,637 | +€374,928 | +185.0% |
| Amounts payable after more than one year | 17 | €190,518 | €378,339 | +€187,821 | +98.6% |
| Financial debts | 170/4 | €71,936 | €378,339 | +€306,403 | +425.9% |
| Other amounts payable | 178/9 | €118,582 | - | -€118,582 | |
| Amounts payable within one year | 42/48 | €12,191 | €198,551 | +€186,360 | +1528.6% |
| Current portion of amounts payable after more than one year | 42 | €12,069 | €56,860 | +€44,791 | +371.1% |
| Trade debts | 44 | €122 | €9,924 | +€9,802 | +8015.1% |
| Suppliers | 440/4 | €122 | €9,924 | +€9,802 | +8015.1% |
| Taxes, remuneration and social security | 45 | - | €1,181 | +€1,181 | |
| Taxes | 450/3 | - | €1,181 | +€1,181 | |
| Other amounts payable | 47/48 | - | €130,586 | +€130,586 | |
| Accrued charges and deferred income | 492/3 | - | €747 | +€747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,401 | €21,757 | +€4,356 | +25.0% |
| Other operating charges | 640/8 | €3,092 | €3,558 | +€466 | +15.1% |
| Non-recurring operating charges | 66A | - | €3,188 | +€3,188 | |
| Gross operating margin | 9900 | €34,716 | €29,447 | -€5,269 | -15.2% |
| Operating profit (loss) | 9901 | €14,223 | €944 | -€13,279 | -93.4% |
| Financial charges | 65/66B | €4,832 | €9,140 | +€4,308 | +89.2% |
| Recurring financial charges | 65 | €4,832 | €9,140 | +€4,308 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €9,391 | -€8,196 | -€17,587 | |
| Profit (loss) for the period | 9904 | €9,391 | -€8,196 | -€17,587 | |
| Transfer from tax-exempt reserves | 789 | - | €4,158 | +€4,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,391 | -€4,038 | -€13,429 |
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 3 October 2026 via checked.be.