HAZEV: 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.
HAZEV
Largest movements
- Tangible fixed assets -€33,878
down €33,878 (-23.0%), from €147,187 to €113,309
of which Land and buildings: -€21,250
- Receivables after one year +€24,000
up €24,000 (+100.0%), from €24,000 to €48,000
- Cash -€11,229
down €11,229 (-5.9%), from €189,662 to €178,434
mainly Net result for the year (-€26,047) and Receivables after one year (-€24,000)
- Profit (loss) carried forward -€26,047
new in 2025: -€26,047
- Trade debts +€5,272
up €5,272 (+348.5%), from €1,513 to €6,785
- Gross operating margin -€89,686
down €89,686 (-67.6%), from €132,739 to €43,052
- Staff costs -€25,331
down €25,331 (-49.5%), from €51,204 to €25,873
- Taxes -€11,386
no longer reported in 2025 (was €11,386)
- Financial income +€3,625
up €3,625 (+106.1%), from €3,416 to €7,040
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,766 | €391,035 | -€19,731 | -4.8% |
| Fixed assets | 21/28 | €147,237 | €113,358 | -€33,878 | -23.0% |
| Tangible fixed assets | 22/27 | €147,187 | €113,309 | -€33,878 | -23.0% |
| Land and buildings | 22 | €104,166 | €82,916 | -€21,250 | -20.4% |
| Furniture and vehicles | 24 | €42,443 | €30,393 | -€12,050 | -28.4% |
| Other tangible fixed assets | 26 | €578 | - | -€578 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €263,529 | €277,677 | +€14,148 | +5.4% |
| Amounts receivable after more than one year | 29 | €24,000 | €48,000 | +€24,000 | +100.0% |
| Other amounts receivable | 291 | €24,000 | €48,000 | +€24,000 | +100.0% |
| Amounts receivable within one year | 40/41 | €47,049 | €48,197 | +€1,148 | +2.4% |
| Trade receivables | 40 | €15,519 | €21,227 | +€5,708 | +36.8% |
| Other amounts receivable | 41 | €31,530 | €26,970 | -€4,561 | -14.5% |
| Cash at bank and in hand | 54/58 | €189,662 | €178,434 | -€11,229 | -5.9% |
| Deferred charges and accrued income | 490/1 | €2,818 | €3,046 | +€229 | +8.1% |
| Total equity and liabilities | 10/49 | €410,766 | €391,035 | -€19,731 | -4.8% |
| Equity | 10/15 | €269,816 | €243,768 | -€26,047 | -9.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €69,816 | €69,816 | = | 0.0% |
| Distributable reserves | 133 | €69,816 | €69,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,047 | -€26,047 | |
| Amounts payable | 17/49 | €140,950 | €147,267 | +€6,317 | +4.5% |
| Amounts payable within one year | 42/48 | €140,047 | €146,303 | +€6,256 | +4.5% |
| Trade debts | 44 | €1,513 | €6,785 | +€5,272 | +348.5% |
| Suppliers | 440/4 | €1,513 | €6,785 | +€5,272 | +348.5% |
| Taxes, remuneration and social security | 45 | €11,448 | €9,549 | -€1,899 | -16.6% |
| Taxes | 450/3 | €8,623 | €6,261 | -€2,362 | -27.4% |
| Remuneration and social security | 454/9 | €2,825 | €3,288 | +€463 | +16.4% |
| Other amounts payable | 47/48 | €127,086 | €129,969 | +€2,883 | +2.3% |
| Accrued charges and deferred income | 492/3 | €903 | €964 | +€60 | +6.7% |
| Remuneration, social security and pensions | 62 | €51,204 | €25,873 | -€25,331 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,660 | €37,756 | -€904 | -2.3% |
| Other operating charges | 640/8 | €3,046 | €3,103 | +€57 | +1.9% |
| Gross operating margin | 9900 | €132,739 | €43,052 | -€89,686 | -67.6% |
| Operating profit (loss) | 9901 | €39,828 | -€23,680 | -€63,508 | |
| Financial income | 75/76B | €3,416 | €7,040 | +€3,625 | +106.1% |
| Recurring financial income | 75 | €3,416 | €7,040 | +€3,625 | +106.1% |
| Financial charges | 65/66B | €9,990 | €9,408 | -€582 | -5.8% |
| Recurring financial charges | 65 | €9,990 | €9,408 | -€582 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €33,254 | -€26,047 | -€59,301 | |
| Income taxes | 67/77 | €11,386 | - | -€11,386 | |
| Profit (loss) for the period | 9904 | €21,867 | -€26,047 | -€47,915 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,867 | -€26,047 | -€47,915 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.