HAZ-Advice: 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.
HAZ-Advice
Largest movements
- Cash +€24,422
up €24,422 (+79.1%), from €30,892 to €55,314
mainly Net result for the year (+€27,102) and Receivables within one year (+€402)
- Deferred charges and accrued income +€2,662
up €2,662 (+100%), from €2,662 to €5,324
- Profit (loss) carried forward +€27,102
up €27,102 (+229%), from €11,833 to €38,935
- Taxes -€18,679
down €18,679, from €13,130 to -€5,548
- Gross operating margin -€4,083
down €4,083 (-13.5%), from €30,189 to €26,106
- Other operating charges -€1,056
down €1,056 (-18.8%), from €5,609 to €4,553
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 | €34,099 | €60,781 | +€26,682 | +78.2% |
| Current assets | 29/58 | €34,099 | €60,781 | +€26,682 | +78.2% |
| Amounts receivable within one year | 40/41 | €545 | €142 | -€402 | -73.9% |
| Other amounts receivable | 41 | €545 | €142 | -€402 | -73.9% |
| Cash at bank and in hand | 54/58 | €30,892 | €55,314 | +€24,422 | +79.1% |
| Deferred charges and accrued income | 490/1 | €2,662 | €5,324 | +€2,662 | +100% |
| Total equity and liabilities | 10/49 | €34,099 | €60,781 | +€26,682 | +78.2% |
| Equity | 10/15 | €32,293 | €59,395 | +€27,102 | +83.9% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,833 | €38,935 | +€27,102 | +229% |
| Amounts payable | 17/49 | €1,806 | €1,386 | -€420 | -23.3% |
| Amounts payable within one year | 42/48 | €1,806 | €1,386 | -€420 | -23.3% |
| Taxes, remuneration and social security | 45 | €1,806 | €1,386 | -€420 | -23.3% |
| Taxes | 450/3 | €1,806 | €1,386 | -€420 | -23.3% |
| Other operating charges | 640/8 | €5,609 | €4,553 | -€1,056 | -18.8% |
| Gross operating margin | 9900 | €30,189 | €26,106 | -€4,083 | -13.5% |
| Operating profit (loss) | 9901 | €24,580 | €21,553 | -€3,027 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €24,580 | €21,553 | -€3,027 | -12.3% |
| Income taxes | 67/77 | €13,130 | -€5,548 | -€18,679 | |
| Profit (loss) for the period | 9904 | €11,450 | €27,102 | +€15,651 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €11,450 | €27,102 | +€15,651 | +137% |
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 24 October 2026 via checked.be.