HAYS: 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.
What changed
HAYS
NACE 78.200, Temporary employment agencies and other provision of personnel
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.0m
2024 · -€1.6m+€544,435
Equity
€383,455
2024 · €1.4m-€1.0m
Cash
€759,634
2024 · €820,218-€60,585
Balance sheet total
€10.6m
2024 · €13.3m-€2.7m
Largest movements
Assets
- Receivables within one year -€2.5m
down €2.5m (-22.2%), from €11.1m to €8.7m
of which Trade receivables: -€2.3m
- Tangible fixed assets -€134,643
down €134,643 (-16.3%), from €827,595 to €692,952
of which Furniture and vehicles: -€93,698
Equity and liabilities
- Tax, wage and social debts -€1.7m
down €1.7m (-27.6%), from €6.2m to €4.5m
of which Remuneration and social security: -€1.4m
- Profit (loss) carried forward -€575,715
new in 2025: -€575,715
- Reserves -€455,021
down €455,021 (-83.9%), from €542,218 to €87,197
of which Distributable reserves: -€455,021
- Other debts +€337,319
up €337,319 (+13.8%), from €2.4m to €2.8m
- Trade debts -€211,878
down €211,878 (-15.4%), from €1.4m to €1.2m
Income statement
- Turnover -€9.6m
down €9.6m (-23.5%), from €41.0m to €31.4m
- Staff costs -€7.9m
down €7.9m (-21.9%), from €36.0m to €28.1m
- Other operating income +€524,169
up €524,169 (+13.8%), from €3.8m to €4.3m
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.
Result 2024
-€1.6m
Turnover
-€9.6m
Other operating income
+€524,169
Services and other goods
-€270,329
Staff costs
+€7.9m
Depreciation
+€75,066
Write-downs
-€67,583
Provisions
+€375,022
Other operating charges
-€7,500
Other operating items
+€1.4m
Financial income
+€11,688
Financial charges
-€55,980
Taxes
+€356,730
Result 2025
-€1.0m
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.
From operations
+€76,463
Investment
-€137,048
Financing
€0
Cash 2024
€820,218
From operations (derived)
+€76,463
Net result for the year
-€1.0m
Depreciation
+€279,362
Receivables within one year
+€2.5m
Deferred charges and accrued income
+€38,101
Provisions
-€142,852
Trade debts
-€211,878
Tax, wage and social debts
-€1.7m
Advances received
+€20,510
Other debts
+€337,319
Accrued charges and deferred income
+€13,604
Investment (derived)
-€137,048
Investment in fixed assets (net)
-€137,048
Cash 2025
€759,634
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,300,847 | €10,589,980 | -€2.7m | -20.4% |
| Fixed assets | 21/28 | €847,816 | €705,502 | -€142,314 | -16.8% |
| Intangible fixed assets | 21 | €17,984 | €9,923 | -€8,061 | -44.8% |
| Tangible fixed assets | 22/27 | €827,595 | €692,952 | -€134,643 | -16.3% |
| Plant, machinery and equipment | 23 | €1,487 | €1,487 | = | 0.0% |
| Furniture and vehicles | 24 | €200,889 | €107,192 | -€93,698 | -46.6% |
| Other tangible fixed assets | 26 | €606,298 | €563,225 | -€43,074 | -7.1% |
| Assets under construction and advance payments | 27 | €18,920 | €21,048 | +€2,128 | +11.2% |
| Financial fixed assets | 28 | €2,238 | €2,628 | +€390 | +17.4% |
| Other financial fixed assets | 284/8 | €2,238 | €2,628 | +€390 | +17.4% |
| Amounts receivable and cash guarantees | 285/8 | €2,238 | €2,628 | +€390 | +17.4% |
| Current assets | 29/58 | €12,453,030 | €9,884,477 | -€2.6m | -20.6% |
| Amounts receivable within one year | 40/41 | €11,141,678 | €8,671,811 | -€2.5m | -22.2% |
| Trade receivables | 40 | €9,580,981 | €7,263,886 | -€2.3m | -24.2% |
| Other amounts receivable | 41 | €1,560,697 | €1,407,926 | -€152,772 | -9.8% |
| Cash at bank and in hand | 54/58 | €820,218 | €759,634 | -€60,585 | -7.4% |
| Deferred charges and accrued income | 490/1 | €491,134 | €453,033 | -€38,101 | -7.8% |
| Total equity and liabilities | 10/49 | €13,300,847 | €10,589,980 | -€2.7m | -20.4% |
| Equity | 10/15 | €1,414,191 | €383,455 | -€1.0m | -72.9% |
| Contributions | 10/11 | €871,973 | €871,973 | = | 0.0% |
| Capital | 10 | €871,973 | €871,973 | = | 0.0% |
| Issued capital | 100 | €871,973 | €871,973 | = | 0.0% |
| Reserves | 13 | €542,218 | €87,197 | -€455,021 | -83.9% |
| Non-distributable reserves | 130/1 | €87,197 | €87,197 | = | 0.0% |
| Legal reserve | 130 | €87,197 | €87,197 | = | 0.0% |
| Distributable reserves | 133 | €455,021 | - | -€455,021 | |
| Profit (loss) carried forward | 14 | - | -€575,715 | -€575,715 | |
| Provisions and deferred taxes | 16 | €1,434,846 | €1,291,994 | -€142,852 | -10.0% |
| Provisions for liabilities and charges | 160/5 | €1,434,846 | €1,291,994 | -€142,852 | -10.0% |
| Major repairs and maintenance | 162 | €135,000 | €135,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,299,846 | €1,156,994 | -€142,852 | -11.0% |
| Amounts payable | 17/49 | €10,451,809 | €8,914,530 | -€1.5m | -14.7% |
| Amounts payable within one year | 42/48 | €10,130,551 | €8,579,668 | -€1.6m | -15.3% |
| Trade debts | 44 | €1,379,868 | €1,167,990 | -€211,878 | -15.4% |
| Suppliers | 440/4 | €1,379,868 | €1,167,990 | -€211,878 | -15.4% |
| Advances received on contracts in progress | 46 | €148,422 | €168,932 | +€20,510 | +13.8% |
| Taxes, remuneration and social security | 45 | €6,153,370 | €4,456,536 | -€1.7m | -27.6% |
| Taxes | 450/3 | €1,545,034 | €1,258,835 | -€286,198 | -18.5% |
| Remuneration and social security | 454/9 | €4,608,336 | €3,197,701 | -€1.4m | -30.6% |
| Other amounts payable | 47/48 | €2,448,891 | €2,786,210 | +€337,319 | +13.8% |
| Accrued charges and deferred income | 492/3 | €321,258 | €334,862 | +€13,604 | +4.2% |
| Operating income | 70/76A | €44,788,953 | €35,675,623 | -€9.1m | -20.3% |
| Turnover | 70 | €41,002,404 | €31,363,019 | -€9.6m | -23.5% |
| Other operating income | 74 | €3,786,549 | €4,310,718 | +€524,169 | +13.8% |
| Non-recurring operating income | 76A | - | €1,886 | +€1,886 | |
| Operating charges | 60/66A | €45,898,568 | €36,553,242 | -€9.3m | -20.4% |
| Services and other goods | 61 | €7,948,857 | €8,219,185 | +€270,329 | +3.4% |
| Remuneration, social security and pensions | 62 | €35,954,604 | €28,095,965 | -€7.9m | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354,428 | €279,362 | -€75,066 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,304 | €55,279 | +€67,583 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€375,022 | -€375,022 | |
| Other operating charges | 640/8 | €38,803 | €46,302 | +€7,500 | +19.3% |
| Non-recurring operating charges | 66A | €1,614,181 | €232,170 | -€1.4m | -85.6% |
| Operating profit (loss) | 9901 | -€1,109,616 | -€877,619 | +€231,997 | +20.9% |
| Financial income | 75/76B | €30,538 | €42,226 | +€11,688 | +38.3% |
| Recurring financial income | 75 | €30,538 | €42,226 | +€11,688 | +38.3% |
| Income from current assets | 751 | €30,464 | €38,152 | +€7,688 | +25.2% |
| Other financial income | 752/9 | €74 | €4,074 | +€4,000 | +5403.5% |
| Financial charges | 65/66B | €148,773 | €204,753 | +€55,980 | +37.6% |
| Recurring financial charges | 65 | €148,773 | €204,753 | +€55,980 | +37.6% |
| Debt charges | 650 | €143,081 | €186,612 | +€43,531 | +30.4% |
| Other financial charges | 652/9 | €5,692 | €18,141 | +€12,449 | +218.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,227,851 | -€1,040,146 | +€187,705 | +15.3% |
| Income taxes | 67/77 | €347,320 | -€9,409 | -€356,730 | |
| Taxes | 670/3 | €347,320 | €4,333 | -€342,987 | -98.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €13,743 | +€13,743 | |
| Profit (loss) for the period | 9904 | -€1,575,171 | -€1,030,736 | +€544,435 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,575,171 | -€1,030,736 | +€544,435 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.