Hazeway: 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.
Hazeway
Largest movements
- Cash -€6,839
down €6,839 (-9.7%), from €70,338 to €63,499
mainly Contributions, distributions and other (-€66,183) and Debts after one year (-€4,784)
- Tangible fixed assets -€4,035
down €4,035 (-13.0%), from €31,007 to €26,972
of which Other tangible fixed assets: -€3,809
- Receivables within one year -€1,914
down €1,914 (-9.3%), from €20,607 to €18,693
of which Trade receivables: -€1,745
- Deferred charges and accrued income -€1,753
down €1,753 (-17.6%), from €9,934 to €8,181
- Debts after one year -€4,784
down €4,784 (-33.0%), from €14,483 to €9,700
- Other debts -€4,098
down €4,098 (-5.8%), from €70,902 to €66,803
- Trade debts -€3,333
down €3,333 (-86.4%), from €3,860 to €527
- Tax, wage and social debts -€2,344
down €2,344 (-21.0%), from €11,184 to €8,840
- Gross operating margin -€3,075
down €3,075 (-3.2%), from €94,644 to €91,569
- Taxes -€1,503
down €1,503 (-7.3%), from €20,454 to €18,951
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 | €131,885 | €117,345 | -€14,541 | -11.0% |
| Fixed assets | 21/28 | €31,007 | €26,972 | -€4,035 | -13.0% |
| Tangible fixed assets | 22/27 | €31,007 | €26,972 | -€4,035 | -13.0% |
| Furniture and vehicles | 24 | €2,029 | €1,803 | -€226 | -11.1% |
| Other tangible fixed assets | 26 | €28,978 | €25,169 | -€3,809 | -13.1% |
| Current assets | 29/58 | €100,878 | €90,373 | -€10,506 | -10.4% |
| Amounts receivable within one year | 40/41 | €20,607 | €18,693 | -€1,914 | -9.3% |
| Trade receivables | 40 | €19,389 | €17,644 | -€1,745 | -9.0% |
| Other amounts receivable | 41 | €1,218 | €1,049 | -€169 | -13.9% |
| Cash at bank and in hand | 54/58 | €70,338 | €63,499 | -€6,839 | -9.7% |
| Deferred charges and accrued income | 490/1 | €9,934 | €8,181 | -€1,753 | -17.6% |
| Total equity and liabilities | 10/49 | €131,885 | €117,345 | -€14,541 | -11.0% |
| Equity | 10/15 | €26,673 | €26,673 | = | 0.0% |
| Contributions | 10/11 | €840 | €840 | = | 0.0% |
| Reserves | 13 | €25,833 | €25,833 | = | 0.0% |
| Distributable reserves | 133 | €25,833 | €25,833 | = | 0.0% |
| Amounts payable | 17/49 | €105,213 | €90,672 | -€14,541 | -13.8% |
| Amounts payable after more than one year | 17 | €14,483 | €9,700 | -€4,784 | -33.0% |
| Financial debts | 170/4 | €14,483 | €9,700 | -€4,784 | -33.0% |
| Amounts payable within one year | 42/48 | €90,729 | €80,973 | -€9,757 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €4,741 | €4,784 | +€42 | +0.9% |
| Financial debts | 43 | €42 | €19 | -€23 | -55.3% |
| Credit institutions | 430/8 | €42 | €19 | -€23 | -55.3% |
| Trade debts | 44 | €3,860 | €527 | -€3,333 | -86.4% |
| Suppliers | 440/4 | €3,860 | €527 | -€3,333 | -86.4% |
| Taxes, remuneration and social security | 45 | €11,184 | €8,840 | -€2,344 | -21.0% |
| Taxes | 450/3 | €11,184 | €8,840 | -€2,344 | -21.0% |
| Other amounts payable | 47/48 | €70,902 | €66,803 | -€4,098 | -5.8% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,069 | €5,095 | +€26 | +0.5% |
| Other operating charges | 640/8 | €824 | €930 | +€106 | +12.9% |
| Gross operating margin | 9900 | €94,644 | €91,569 | -€3,075 | -3.2% |
| Operating profit (loss) | 9901 | €88,751 | €85,544 | -€3,207 | -3.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €439 | €412 | -€27 | -6.2% |
| Recurring financial charges | 65 | €439 | €412 | -€27 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €88,311 | €85,134 | -€3,177 | -3.6% |
| Income taxes | 67/77 | €20,454 | €18,951 | -€1,503 | -7.3% |
| Profit (loss) for the period | 9904 | €67,857 | €66,183 | -€1,674 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,857 | €66,183 | -€1,674 | -2.5% |
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 18 October 2026 via checked.be.