HAYK 12: 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.
HAYK 12
Largest movements
- Receivables within one year -€21,752
down €21,752 (-64.3%), from €33,844 to €12,092
of which Trade receivables: -€28,357
- Cash +€21,589
up €21,589 (+86.3%), from €25,026 to €46,615
mainly Receivables within one year (+€21,752) and Stocks and contracts (+€15,260)
- Stocks and contracts -€15,260
down €15,260 (-34.9%), from €43,687 to €28,427
- Tangible fixed assets -€3,108
down €3,108 (-17.6%), from €17,610 to €14,502
- Trade debts -€20,838
down €20,838 (-79.2%), from €26,309 to €5,471
- Profit (loss) carried forward +€8,503
up €8,503 (+14.4%), from €58,986 to €67,489
- Debts after one year -€6,525
down €6,525 (-53.2%), from €12,274 to €5,750
- Gross operating margin +€8,596
up €8,596 (+62.2%), from €13,830 to €22,426
- Taxes +€3,578
new in 2025: €3,578
- Staff costs +€3,055
new in 2025: €3,055
- Other operating charges +€2,300
up €2,300 (+293%), from €786 to €3,086
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 | €120,167 | €101,636 | -€18,531 | -15.4% |
| Fixed assets | 21/28 | €17,610 | €14,502 | -€3,108 | -17.6% |
| Tangible fixed assets | 22/27 | €17,610 | €14,502 | -€3,108 | -17.6% |
| Furniture and vehicles | 24 | €17,610 | €14,502 | -€3,108 | -17.6% |
| Current assets | 29/58 | €102,557 | €87,134 | -€15,424 | -15.0% |
| Stocks and contracts in progress | 3 | €43,687 | €28,427 | -€15,260 | -34.9% |
| Stocks | 30/36 | €43,687 | €28,427 | -€15,260 | -34.9% |
| Amounts receivable within one year | 40/41 | €33,844 | €12,092 | -€21,752 | -64.3% |
| Trade receivables | 40 | €30,593 | €2,236 | -€28,357 | -92.7% |
| Other amounts receivable | 41 | €3,252 | €9,856 | +€6,604 | +203% |
| Cash at bank and in hand | 54/58 | €25,026 | €46,615 | +€21,589 | +86.3% |
| Total equity and liabilities | 10/49 | €120,167 | €101,636 | -€18,531 | -15.4% |
| Equity | 10/15 | €74,546 | €83,049 | +€8,503 | +11.4% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,986 | €67,489 | +€8,503 | +14.4% |
| Amounts payable | 17/49 | €45,621 | €18,587 | -€27,034 | -59.3% |
| Amounts payable after more than one year | 17 | €12,274 | €5,750 | -€6,525 | -53.2% |
| Financial debts | 170/4 | €12,274 | €5,750 | -€6,525 | -53.2% |
| Amounts payable within one year | 42/48 | €33,347 | €12,837 | -€20,509 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €6,139 | €6,525 | +€386 | +6.3% |
| Trade debts | 44 | €26,309 | €5,471 | -€20,838 | -79.2% |
| Suppliers | 440/4 | €26,309 | €5,471 | -€20,838 | -79.2% |
| Taxes, remuneration and social security | 45 | €899 | €532 | -€367 | -40.8% |
| Taxes | 450/3 | €605 | - | -€605 | |
| Remuneration and social security | 454/9 | €294 | €532 | +€238 | +80.9% |
| Other amounts payable | 47/48 | - | €310 | +€310 | |
| Remuneration, social security and pensions | 62 | - | €3,055 | +€3,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,108 | €3,108 | = | 0.0% |
| Other operating charges | 640/8 | €786 | €3,086 | +€2,300 | +293% |
| Gross operating margin | 9900 | €13,830 | €22,426 | +€8,596 | +62.2% |
| Operating profit (loss) | 9901 | €9,937 | €13,178 | +€3,242 | +32.6% |
| Financial charges | 65/66B | €988 | €1,098 | +€110 | +11.1% |
| Recurring financial charges | 65 | €988 | €1,098 | +€110 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €8,949 | €12,081 | +€3,132 | +35.0% |
| Income taxes | 67/77 | - | €3,578 | +€3,578 | |
| Profit (loss) for the period | 9904 | €8,949 | €8,503 | -€446 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,949 | €8,503 | -€446 | -5.0% |
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 17 October 2026 via checked.be.