Hayleiron: 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.
Hayleiron
Largest movements
- Tangible fixed assets -€25,061
down €25,061 (-2.2%), from €1.1m to €1.1m
- Cash -€20,210
down €20,210 (-53.9%), from €37,496 to €17,287
mainly Debts after one year (-€55,062) and Investment in fixed assets (net) (-€13,632)
- Debts after one year -€55,062
down €55,062 (-9.7%), from €565,472 to €510,409
of which Financial debts: -€49,957
- Reserves +€12,222
up €12,222 (+3.3%), from €367,434 to €379,656
of which Distributable reserves: +€12,222
- Gross operating margin -€30,301
down €30,301 (-26.2%), from €115,556 to €85,255
- Taxes -€11,257
down €11,257 (-73.2%), from €15,374 to €4,117
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 | €1,196,908 | €1,145,202 | -€51,707 | -4.3% |
| Fixed assets | 21/28 | €1,146,157 | €1,121,096 | -€25,061 | -2.2% |
| Tangible fixed assets | 22/27 | €1,146,157 | €1,121,096 | -€25,061 | -2.2% |
| Land and buildings | 22 | €1,146,157 | €1,121,096 | -€25,061 | -2.2% |
| Current assets | 29/58 | €50,751 | €24,105 | -€26,646 | -52.5% |
| Amounts receivable within one year | 40/41 | €13,254 | €6,818 | -€6,436 | -48.6% |
| Trade receivables | 40 | €13,254 | €935 | -€12,319 | -92.9% |
| Other amounts receivable | 41 | - | €5,883 | +€5,883 | |
| Cash at bank and in hand | 54/58 | €37,496 | €17,287 | -€20,210 | -53.9% |
| Total equity and liabilities | 10/49 | €1,196,908 | €1,145,202 | -€51,707 | -4.3% |
| Equity | 10/15 | €392,234 | €404,456 | +€12,222 | +3.1% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €367,434 | €379,656 | +€12,222 | +3.3% |
| Tax-exempt reserves | 132 | €22,602 | €22,602 | = | 0.0% |
| Distributable reserves | 133 | €344,832 | €357,054 | +€12,222 | +3.5% |
| Amounts payable | 17/49 | €804,674 | €740,746 | -€63,928 | -7.9% |
| Amounts payable after more than one year | 17 | €565,472 | €510,409 | -€55,062 | -9.7% |
| Financial debts | 170/4 | €559,117 | €509,159 | -€49,957 | -8.9% |
| Other amounts payable | 178/9 | €6,355 | €1,250 | -€5,105 | -80.3% |
| Amounts payable within one year | 42/48 | €239,202 | €230,336 | -€8,866 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €49,467 | €49,957 | +€490 | +1.0% |
| Advances received on contracts in progress | 46 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €9,635 | €379 | -€9,256 | -96.1% |
| Taxes | 450/3 | €9,635 | €379 | -€9,256 | -96.1% |
| Other amounts payable | 47/48 | €180,000 | €180,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,842 | €38,693 | -€149 | -0.4% |
| Other operating charges | 640/8 | €11,156 | €11,439 | +€283 | +2.5% |
| Non-recurring operating charges | 66A | - | €12,750 | +€12,750 | |
| Gross operating margin | 9900 | €115,556 | €85,255 | -€30,301 | -26.2% |
| Operating profit (loss) | 9901 | €65,559 | €22,373 | -€43,186 | -65.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,499 | €6,035 | -€465 | -7.2% |
| Recurring financial charges | 65 | €6,499 | €6,035 | -€465 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €59,059 | €16,338 | -€42,721 | -72.3% |
| Income taxes | 67/77 | €15,374 | €4,117 | -€11,257 | -73.2% |
| Profit (loss) for the period | 9904 | €43,686 | €12,222 | -€31,464 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,686 | €12,222 | -€31,464 | -72.0% |
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 10 October 2026 via checked.be.