HAZENHOUT: 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.
HAZENHOUT
Largest movements
- Cash +€9,794
up €9,794 (+3,387%), from €289 to €10,083
mainly Depreciation (+€6,871) and Other debts (+€3,800)
- Tangible fixed assets -€6,871
down €6,871 (-1.5%), from €450,041 to €443,170
of which Land and buildings: -€6,770
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€186
up €186 (+1.8%), from €10,197 to €10,383
- Other operating charges +€131
up €131 (+3.1%), from €4,242 to €4,373
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 | €453,638 | €456,566 | +€2,929 | +0.6% |
| Fixed assets | 21/28 | €450,041 | €443,170 | -€6,871 | -1.5% |
| Tangible fixed assets | 22/27 | €450,041 | €443,170 | -€6,871 | -1.5% |
| Land and buildings | 22 | €449,940 | €443,170 | -€6,770 | -1.5% |
| Plant, machinery and equipment | 23 | €100 | €0 | -€100 | -100% |
| Current assets | 29/58 | €3,597 | €13,396 | +€9,799 | +272% |
| Cash at bank and in hand | 54/58 | €289 | €10,083 | +€9,794 | +3,387% |
| Deferred charges and accrued income | 490/1 | €3,308 | €3,313 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €453,638 | €456,566 | +€2,929 | +0.6% |
| Equity | 10/15 | €447,058 | €446,166 | -€891 | -0.2% |
| Contributions | 10/11 | €372,500 | €372,500 | = | 0.0% |
| Capital | 10 | €372,500 | €372,500 | = | 0.0% |
| Issued capital | 100 | €372,500 | €372,500 | = | 0.0% |
| Reserves | 13 | €74,558 | €73,666 | -€891 | -1.2% |
| Non-distributable reserves | 130/1 | €37,250 | €37,250 | = | 0.0% |
| Legal reserve | 130 | €37,250 | €37,250 | = | 0.0% |
| Distributable reserves | 133 | €37,308 | €36,416 | -€891 | -2.4% |
| Amounts payable | 17/49 | €6,580 | €10,400 | +€3,820 | +58.1% |
| Amounts payable within one year | 42/48 | €6,580 | €10,400 | +€3,820 | +58.1% |
| Trade debts | 44 | €1,930 | €1,950 | +€20 | +1.0% |
| Suppliers | 440/4 | €1,930 | €1,950 | +€20 | +1.0% |
| Other amounts payable | 47/48 | €4,650 | €8,450 | +€3,800 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,891 | €6,871 | -€20 | -0.3% |
| Other operating charges | 640/8 | €4,242 | €4,373 | +€131 | +3.1% |
| Gross operating margin | 9900 | €10,197 | €10,383 | +€186 | +1.8% |
| Operating profit (loss) | 9901 | -€937 | -€861 | +€76 | +8.1% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€966 | -€891 | +€74 | +7.7% |
| Profit (loss) for the period | 9904 | -€966 | -€891 | +€74 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€966 | -€891 | +€74 | +7.7% |
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 25 October 2026 via checked.be.