HAYM: 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.
HAYM
Largest movements
- Stocks and contracts +€673,832
new in 2025: €673,832
- Tangible fixed assets -€474,264
down €474,264 (-99.5%), from €476,550 to €2,286
of which Land and buildings: -€472,234
- Receivables within one year +€57,147
up €57,147 (+1155.2%), from €4,947 to €62,094
of which Other amounts receivable: +€52,059
- Cash +€47,151
up €47,151 (+187.3%), from €25,176 to €72,326
mainly Investment in fixed assets (net) (+€472,234) and Net result for the year (+€178,070)
- Current investments +€28,244
up €28,244 (+65.7%), from €42,985 to €71,229
- Reserves +€178,070
up €178,070 (+205.8%), from €86,527 to €264,598
of which Tax-exempt reserves: +€113,277
- Debts after one year +€145,933
up €145,933 (+38.7%), from €377,111 to €523,045
- Provisions +€37,759
new in 2025: €37,759
- Current portion of long-term debt -€31,325
down €31,325 (-73.0%), from €42,897 to €11,572
- Trade debts +€9,253
up €9,253 (+114.6%), from €8,077 to €17,330
- Gross operating margin +€273,126
up €273,126, from -€23,354 to €249,772
- Depreciation -€17,689
down €17,689 (-89.7%), from €19,718 to €2,029
- Financial charges +€10,722
up €10,722 (+112.3%), from €9,550 to €20,272
- Taxes +€6,658
up €6,658 (+1565.8%), from €425 to €7,083
- Other operating charges +€3,743
up €3,743 (+105.4%), from €3,550 to €7,293
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 | €550,675 | €882,990 | +€332,315 | +60.3% |
| Fixed assets | 21/28 | €476,925 | €2,661 | -€474,264 | -99.4% |
| Tangible fixed assets | 22/27 | €476,550 | €2,286 | -€474,264 | -99.5% |
| Land and buildings | 22 | €472,234 | €0 | -€472,234 | -100.0% |
| Plant, machinery and equipment | 23 | €1,363 | €1,024 | -€339 | -24.8% |
| Furniture and vehicles | 24 | €2,953 | €1,262 | -€1,691 | -57.3% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €73,749 | €880,328 | +€806,579 | +1093.7% |
| Stocks and contracts in progress | 3 | - | €673,832 | +€673,832 | |
| Stocks | 30/36 | - | €673,832 | +€673,832 | |
| Amounts receivable within one year | 40/41 | €4,947 | €62,094 | +€57,147 | +1155.2% |
| Trade receivables | 40 | €4,947 | €10,035 | +€5,088 | +102.9% |
| Other amounts receivable | 41 | - | €52,059 | +€52,059 | |
| Current investments | 50/53 | €42,985 | €71,229 | +€28,244 | +65.7% |
| Cash at bank and in hand | 54/58 | €25,176 | €72,326 | +€47,151 | +187.3% |
| Deferred charges and accrued income | 490/1 | €642 | €846 | +€204 | +31.9% |
| Total equity and liabilities | 10/49 | €550,675 | €882,990 | +€332,315 | +60.3% |
| Equity | 10/15 | €105,127 | €283,198 | +€178,070 | +169.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,527 | €264,598 | +€178,070 | +205.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €393 | €113,669 | +€113,277 | +28844.1% |
| Distributable reserves | 133 | €86,134 | €150,928 | +€64,794 | +75.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €37,759 | +€37,759 | |
| Deferred taxes | 168 | - | €37,759 | +€37,759 | |
| Amounts payable | 17/49 | €445,547 | €562,033 | +€116,486 | +26.1% |
| Amounts payable after more than one year | 17 | €377,111 | €523,045 | +€145,933 | +38.7% |
| Financial debts | 170/4 | €377,111 | €523,045 | +€145,933 | +38.7% |
| Amounts payable within one year | 42/48 | €65,820 | €37,665 | -€28,154 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €42,897 | €11,572 | -€31,325 | -73.0% |
| Financial debts | 43 | €8,456 | €0 | -€8,456 | -100.0% |
| Other loans | 439 | €8,456 | €0 | -€8,456 | -100.0% |
| Trade debts | 44 | €8,077 | €17,330 | +€9,253 | +114.6% |
| Suppliers | 440/4 | €8,077 | €17,330 | +€9,253 | +114.6% |
| Taxes, remuneration and social security | 45 | €3,025 | €8,763 | +€5,737 | +189.6% |
| Taxes | 450/3 | €3,025 | €8,763 | +€5,737 | +189.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,363 | €0 | -€3,363 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,616 | €1,323 | -€1,293 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,718 | €2,029 | -€17,689 | -89.7% |
| Other operating charges | 640/8 | €3,550 | €7,293 | +€3,743 | +105.4% |
| Gross operating margin | 9900 | -€23,354 | €249,772 | +€273,126 | |
| Operating profit (loss) | 9901 | -€46,622 | €240,450 | +€287,072 | |
| Financial income | 75/76B | €730 | €2,735 | +€2,005 | +274.8% |
| Recurring financial income | 75 | €730 | €2,735 | +€2,005 | +274.8% |
| Financial charges | 65/66B | €9,550 | €20,272 | +€10,722 | +112.3% |
| Recurring financial charges | 65 | €9,550 | €20,272 | +€10,722 | +112.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,443 | €222,913 | +€278,355 | |
| Transfer to deferred taxes | 680 | - | €37,759 | +€37,759 | |
| Income taxes | 67/77 | €425 | €7,083 | +€6,658 | +1565.8% |
| Profit (loss) for the period | 9904 | -€55,868 | €178,070 | +€233,938 | |
| Transfer to tax-exempt reserves | 689 | - | €113,277 | +€113,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,868 | €64,794 | +€120,662 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.