HAYKO: 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.
HAYKO
Largest movements
- Receivables within one year +€28,630
up €28,630 (+95.2%), from €30,063 to €58,692
of which Other amounts receivable: +€18,629
- Tangible fixed assets +€7,086
up €7,086 (+326%), from €2,175 to €9,261
of which Furniture and vehicles: +€9,261
- Deferred charges and accrued income -€1,422
down €1,422 (-81.5%), from €1,745 to €323
- Reserves +€22,260
up €22,260 (+201%), from €11,068 to €33,328
- Tax, wage and social debts +€14,538
up €14,538 (+511%), from €2,847 to €17,385
of which Taxes: +€12,788
- Debts after one year -€4,307
down €4,307 (-100%), from €4,307 to €0
- Current portion of long-term debt +€3,112
up €3,112 (+39.0%), from €7,977 to €11,088
- Trade debts -€1,586
down €1,586 (-31.3%), from €5,063 to €3,476
- Gross operating margin +€22,642
up €22,642 (+161%), from €14,070 to €36,712
- Taxes +€9,781
up €9,781 (+653%), from €1,498 to €11,280
- Financial income +€1,742
up €1,742 (+7,548%), from €23 to €1,765
- Depreciation -€964
down €964 (-24.6%), from €3,926 to €2,962
- Staff costs -€540
down €540 (-100%), from €540 to €0
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 | €35,261 | €69,278 | +€34,017 | +96.5% |
| Fixed assets | 21/28 | €2,175 | €9,261 | +€7,086 | +326% |
| Tangible fixed assets | 22/27 | €2,175 | €9,261 | +€7,086 | +326% |
| Plant, machinery and equipment | 23 | €2,175 | €0 | -€2,175 | -100% |
| Furniture and vehicles | 24 | - | €9,261 | +€9,261 | |
| Current assets | 29/58 | €33,086 | €60,017 | +€26,931 | +81.4% |
| Amounts receivable within one year | 40/41 | €30,063 | €58,692 | +€28,630 | +95.2% |
| Trade receivables | 40 | €7,454 | €17,454 | +€10,000 | +134% |
| Other amounts receivable | 41 | €22,609 | €41,239 | +€18,629 | +82.4% |
| Cash at bank and in hand | 54/58 | €1,278 | €1,001 | -€277 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,745 | €323 | -€1,422 | -81.5% |
| Total equity and liabilities | 10/49 | €35,261 | €69,278 | +€34,017 | +96.5% |
| Equity | 10/15 | €15,068 | €37,328 | +€22,260 | +148% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €11,068 | €33,328 | +€22,260 | +201% |
| Distributable reserves | 133 | €11,068 | €33,328 | +€22,260 | +201% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €20,193 | €31,950 | +€11,757 | +58.2% |
| Amounts payable after more than one year | 17 | €4,307 | €0 | -€4,307 | -100% |
| Financial debts | 170/4 | €4,307 | €0 | -€4,307 | -100% |
| Amounts payable within one year | 42/48 | €15,886 | €31,950 | +€16,063 | +101% |
| Current portion of amounts payable after more than one year | 42 | €7,977 | €11,088 | +€3,112 | +39.0% |
| Trade debts | 44 | €5,063 | €3,476 | -€1,586 | -31.3% |
| Suppliers | 440/4 | €5,063 | €3,476 | -€1,586 | -31.3% |
| Taxes, remuneration and social security | 45 | €2,847 | €17,385 | +€14,538 | +511% |
| Taxes | 450/3 | €2,847 | €15,635 | +€12,788 | +449% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Remuneration, social security and pensions | 62 | €540 | €0 | -€540 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,926 | €2,962 | -€964 | -24.6% |
| Other operating charges | 640/8 | €989 | €754 | -€236 | -23.8% |
| Gross operating margin | 9900 | €14,070 | €36,712 | +€22,642 | +161% |
| Operating profit (loss) | 9901 | €8,615 | €32,997 | +€24,381 | +283% |
| Financial income | 75/76B | €23 | €1,765 | +€1,742 | +7,548% |
| Recurring financial income | 75 | €23 | €1,765 | +€1,742 | +7,548% |
| Financial charges | 65/66B | €1,246 | €1,222 | -€24 | -1.9% |
| Recurring financial charges | 65 | €1,246 | €1,222 | -€24 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €7,393 | €33,540 | +€26,147 | +354% |
| Income taxes | 67/77 | €1,498 | €11,280 | +€9,781 | +653% |
| Profit (loss) for the period | 9904 | €5,894 | €22,260 | +€16,366 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €5,894 | €22,260 | +€16,366 | +278% |
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 13 October 2026 via checked.be.