HAZENDONCK: 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.
HAZENDONCK
Largest movements
- Receivables within one year -€13,592
down €13,592 (-13.1%), from €103,951 to €90,359
of which Other amounts receivable: -€13,592
- Cash -€4,112
down €4,112 (-20.9%), from €19,672 to €15,559
mainly Net result for the year (-€10,625) and Debts after one year (-€9,790)
- Other debts +€16,369
up €16,369 (+32.4%), from €50,523 to €66,892
- Profit (loss) carried forward -€10,625
down €10,625 (-8.7%), from €121,931 to €111,306
- Debts after one year -€9,790
no longer reported in 2025 (was €9,790)
- Current portion of long-term debt -€9,206
down €9,206 (-48.5%), from €18,996 to €9,790
- Trade debts -€3,958
down €3,958 (-10.8%), from €36,618 to €32,660
- Financial charges -€22,873
down €22,873 (-90.2%), from €25,349 to €2,476
- Gross operating margin +€1,525
up €1,525 (+20.7%), from -€7,349 to -€5,824
- Taxes -€1,296
no longer reported in 2025 (was €1,296)
- Other operating charges -€1,076
down €1,076 (-34.5%), from €3,116 to €2,040
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 | €293,691 | €275,987 | -€17,704 | -6.0% |
| Current assets | 29/58 | €293,691 | €275,987 | -€17,704 | -6.0% |
| Stocks and contracts in progress | 3 | €170,068 | €170,068 | = | 0.0% |
| Stocks | 30/36 | €170,068 | €170,068 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,951 | €90,359 | -€13,592 | -13.1% |
| Trade receivables | 40 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 41 | €53,951 | €40,359 | -€13,592 | -25.2% |
| Cash at bank and in hand | 54/58 | €19,672 | €15,559 | -€4,112 | -20.9% |
| Total equity and liabilities | 10/49 | €293,691 | €275,987 | -€17,704 | -6.0% |
| Equity | 10/15 | €177,240 | €166,615 | -€10,625 | -6.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €10,310 | €10,310 | = | 0.0% |
| Distributable reserves | 133 | €10,310 | €10,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,931 | €111,306 | -€10,625 | -8.7% |
| Amounts payable | 17/49 | €116,451 | €109,371 | -€7,079 | -6.1% |
| Amounts payable after more than one year | 17 | €9,790 | - | -€9,790 | |
| Financial debts | 170/4 | €9,790 | - | -€9,790 | |
| Amounts payable within one year | 42/48 | €106,198 | €109,371 | +€3,173 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €18,996 | €9,790 | -€9,206 | -48.5% |
| Trade debts | 44 | €36,618 | €32,660 | -€3,958 | -10.8% |
| Suppliers | 440/4 | €36,618 | €32,660 | -€3,958 | -10.8% |
| Taxes, remuneration and social security | 45 | €62 | €29 | -€33 | -53.4% |
| Taxes | 450/3 | €62 | €29 | -€33 | -53.4% |
| Other amounts payable | 47/48 | €50,523 | €66,892 | +€16,369 | +32.4% |
| Accrued charges and deferred income | 492/3 | €462 | - | -€462 | |
| Non-recurring operating income | 76A | €6,281 | - | -€6,281 | |
| Other operating charges | 640/8 | €3,116 | €2,040 | -€1,076 | -34.5% |
| Non-recurring operating charges | 66A | €483 | €285 | -€198 | -41.0% |
| Gross operating margin | 9900 | -€7,349 | -€5,824 | +€1,525 | +20.7% |
| Operating profit (loss) | 9901 | -€10,947 | -€8,149 | +€2,799 | +25.6% |
| Financial charges | 65/66B | €25,349 | €2,476 | -€22,873 | -90.2% |
| Recurring financial charges | 65 | €25,349 | €2,476 | -€22,873 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,297 | -€10,625 | +€25,672 | +70.7% |
| Income taxes | 67/77 | €1,296 | - | -€1,296 | |
| Profit (loss) for the period | 9904 | -€37,593 | -€10,625 | +€26,968 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,593 | -€10,625 | +€26,968 | +71.7% |
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 17 October 2026 via checked.be.