INSTALLATEURE HASELBACH: 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.
INSTALLATEURE HASELBACH
Largest movements
- Tangible fixed assets +€71,572
up €71,572 (+55.1%), from €129,895 to €201,466
of which Land and buildings: +€81,994
- Receivables within one year -€10,743
down €10,743 (-6.3%), from €169,738 to €158,995
of which Trade receivables: -€15,887
- Cash +€8,082
up €8,082 (+13.5%), from €59,841 to €67,924
mainly Net result for the year (+€128,771) and Other debts (+€60,382)
- Stocks and contracts +€7,345
up €7,345 (+31.5%), from €23,298 to €30,643
- Other debts +€60,382
up €60,382 (+132%), from €45,792 to €106,174
- Profit (loss) carried forward +€28,771
up €28,771 (+12.4%), from €232,497 to €261,268
- Advances received +€14,200
new in 2025: €14,200
- Trade debts -€12,178
down €12,178 (-44.4%), from €27,435 to €15,258
- Debts after one year -€8,650
down €8,650 (-14.0%), from €61,986 to €53,336
- Depreciation -€7,562
down €7,562 (-22.8%), from €33,198 to €25,637
- Gross operating margin +€6,282
up €6,282 (+2.2%), from €292,085 to €298,366
- Staff costs +€4,277
up €4,277 (+4.3%), from €99,623 to €103,900
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 | €412,341 | €486,571 | +€74,230 | +18.0% |
| Fixed assets | 21/28 | €149,382 | €217,954 | +€68,572 | +45.9% |
| Intangible fixed assets | 21 | €19,488 | €16,488 | -€3,000 | -15.4% |
| Tangible fixed assets | 22/27 | €129,895 | €201,466 | +€71,572 | +55.1% |
| Land and buildings | 22 | €106,237 | €188,230 | +€81,994 | +77.2% |
| Plant, machinery and equipment | 23 | €9,875 | €5,236 | -€4,638 | -47.0% |
| Furniture and vehicles | 24 | €13,784 | €8,000 | -€5,783 | -42.0% |
| Current assets | 29/58 | €262,959 | €268,617 | +€5,658 | +2.2% |
| Stocks and contracts in progress | 3 | €23,298 | €30,643 | +€7,345 | +31.5% |
| Stocks | 30/36 | €23,298 | €30,643 | +€7,345 | +31.5% |
| Amounts receivable within one year | 40/41 | €169,738 | €158,995 | -€10,743 | -6.3% |
| Trade receivables | 40 | €165,419 | €149,532 | -€15,887 | -9.6% |
| Other amounts receivable | 41 | €4,319 | €9,463 | +€5,144 | +119% |
| Cash at bank and in hand | 54/58 | €59,841 | €67,924 | +€8,082 | +13.5% |
| Deferred charges and accrued income | 490/1 | €10,081 | €11,055 | +€974 | +9.7% |
| Total equity and liabilities | 10/49 | €412,341 | €486,571 | +€74,230 | +18.0% |
| Equity | 10/15 | €242,497 | €271,268 | +€28,771 | +11.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,497 | €261,268 | +€28,771 | +12.4% |
| Amounts payable | 17/49 | €169,844 | €215,303 | +€45,458 | +26.8% |
| Amounts payable after more than one year | 17 | €61,986 | €53,336 | -€8,650 | -14.0% |
| Financial debts | 170/4 | €61,986 | €53,336 | -€8,650 | -14.0% |
| Amounts payable within one year | 42/48 | €107,107 | €161,850 | +€54,743 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €12,886 | €8,650 | -€4,236 | -32.9% |
| Trade debts | 44 | €27,435 | €15,258 | -€12,178 | -44.4% |
| Suppliers | 440/4 | €27,435 | €15,258 | -€12,178 | -44.4% |
| Advances received on contracts in progress | 46 | - | €14,200 | +€14,200 | |
| Taxes, remuneration and social security | 45 | €20,993 | €17,568 | -€3,425 | -16.3% |
| Taxes | 450/3 | €17,002 | €9,980 | -€7,022 | -41.3% |
| Remuneration and social security | 454/9 | €3,992 | €7,588 | +€3,597 | +90.1% |
| Other amounts payable | 47/48 | €45,792 | €106,174 | +€60,382 | +132% |
| Accrued charges and deferred income | 492/3 | €751 | €117 | -€634 | -84.4% |
| Remuneration, social security and pensions | 62 | €99,623 | €103,900 | +€4,277 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,198 | €25,637 | -€7,562 | -22.8% |
| Other operating charges | 640/8 | €1,737 | €2,449 | +€712 | +41.0% |
| Gross operating margin | 9900 | €292,085 | €298,366 | +€6,282 | +2.2% |
| Operating profit (loss) | 9901 | €157,527 | €166,381 | +€8,854 | +5.6% |
| Financial income | 75/76B | €1,259 | €2,354 | +€1,096 | +87.0% |
| Recurring financial income | 75 | €1,259 | €2,354 | +€1,096 | +87.0% |
| Financial charges | 65/66B | €6,512 | €5,190 | -€1,322 | -20.3% |
| Recurring financial charges | 65 | €6,512 | €5,190 | -€1,322 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €152,274 | €163,546 | +€11,272 | +7.4% |
| Income taxes | 67/77 | €33,823 | €34,774 | +€951 | +2.8% |
| Profit (loss) for the period | 9904 | €118,451 | €128,771 | +€10,321 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,451 | €128,771 | +€10,321 | +8.7% |
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 31 October 2026 via checked.be.