HAZ COM: 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 COM
Largest movements
- Stocks and contracts +€14,260
up €14,260 (+8.4%), from €169,502 to €183,762
- Cash -€4,545
down €4,545 (-38.0%), from €11,957 to €7,412
mainly Net result for the year (-€23,929) and Stocks and contracts (-€14,260)
- Trade debts -€8,080
down €8,080 (-17.0%), from €47,558 to €39,478
- Profit (loss) carried forward +€6,327
up €6,327 (+49.0%), from €12,900 to €19,227
- Other debts +€4,484
up €4,484 (+18.8%), from €23,849 to €28,333
- Debts after one year +€3,897
up €3,897 (+10.7%), from €36,279 to €40,176
of which Financial debts: +€3,897
- Tax, wage and social debts +€3,087
up €3,087 (+5.1%), from €60,005 to €63,092
of which Taxes: +€5,959
- Turnover -€106,330
down €106,330 (-22.7%), from €469,406 to €363,076
- Purchases and services -€57,683
down €57,683 (-15.0%), from €384,995 to €327,312
- Gross operating margin -€48,647
down €48,647 (-57.6%), from €84,411 to €35,764
- Other operating charges -€12,443
down €12,443 (-95.8%), from €12,987 to €544
- Staff costs -€7,399
down €7,399 (-11.9%), from €62,108 to €54,709
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 | €189,159 | €198,874 | +€9,715 | +5.1% |
| Fixed assets | 21/28 | €7,700 | €7,700 | = | 0.0% |
| Financial fixed assets | 28 | €7,700 | €7,700 | = | 0.0% |
| Current assets | 29/58 | €181,459 | €191,174 | +€9,715 | +5.4% |
| Stocks and contracts in progress | 3 | €169,502 | €183,762 | +€14,260 | +8.4% |
| Stocks | 30/36 | €169,502 | €183,762 | +€14,260 | +8.4% |
| Cash at bank and in hand | 54/58 | €11,957 | €7,412 | -€4,545 | -38.0% |
| Total equity and liabilities | 10/49 | €189,159 | €198,874 | +€9,715 | +5.1% |
| Equity | 10/15 | €21,468 | €27,795 | +€6,327 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €2,368 | €2,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,368 | €2,368 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,368 | €2,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,900 | €19,227 | +€6,327 | +49.0% |
| Amounts payable | 17/49 | €167,691 | €171,079 | +€3,388 | +2.0% |
| Amounts payable after more than one year | 17 | €36,279 | €40,176 | +€3,897 | +10.7% |
| Financial debts | 170/4 | €34,529 | €38,426 | +€3,897 | +11.3% |
| Other amounts payable | 178/9 | €1,750 | €1,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €131,412 | €130,903 | -€509 | -0.4% |
| Trade debts | 44 | €47,558 | €39,478 | -€8,080 | -17.0% |
| Suppliers | 440/4 | €47,558 | €39,478 | -€8,080 | -17.0% |
| Taxes, remuneration and social security | 45 | €60,005 | €63,092 | +€3,087 | +5.1% |
| Taxes | 450/3 | €18,073 | €24,032 | +€5,959 | +33.0% |
| Remuneration and social security | 454/9 | €41,932 | €39,060 | -€2,872 | -6.8% |
| Other amounts payable | 47/48 | €23,849 | €28,333 | +€4,484 | +18.8% |
| Turnover | 70 | €469,406 | €363,076 | -€106,330 | -22.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €384,995 | €327,312 | -€57,683 | -15.0% |
| Remuneration, social security and pensions | 62 | €62,108 | €54,709 | -€7,399 | -11.9% |
| Other operating charges | 640/8 | €12,987 | €544 | -€12,443 | -95.8% |
| Gross operating margin | 9900 | €84,411 | €35,764 | -€48,647 | -57.6% |
| Operating profit (loss) | 9901 | €9,316 | -€19,489 | -€28,805 | |
| Financial charges | 65/66B | €4,285 | €2,858 | -€1,427 | -33.3% |
| Recurring financial charges | 65 | €4,285 | €2,858 | -€1,427 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €5,031 | -€22,347 | -€27,378 | |
| Income taxes | 67/77 | - | €1,582 | +€1,582 | |
| Profit (loss) for the period | 9904 | €5,031 | -€23,929 | -€28,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,031 | -€23,929 | -€28,960 |
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 14 October 2026 via checked.be.