H.A. EXPRESS: 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.
H.A. EXPRESS
Largest movements
- Cash +€31,912
up €31,912 (+46.0%), from €69,411 to €101,323
mainly Accrued charges and deferred income (+€22,360) and Tax, wage and social debts (+€9,502)
- Receivables within one year +€15,570
up €15,570 (+116%), from €13,395 to €28,965
of which Trade receivables: +€20,500
- Stocks and contracts -€9,072
down €9,072 (-5.3%), from €170,575 to €161,503
- Accrued charges and deferred income +€22,360
up €22,360 (+67.6%), from €33,091 to €55,451
- Tax, wage and social debts +€9,502
up €9,502 (+55.6%), from €17,089 to €26,591
of which Remuneration and social security: +€7,594
- Other debts +€6,064
up €6,064 (+5.4%), from €112,873 to €118,937
- Gross operating margin +€5,822
up €5,822 (+18.5%), from €31,514 to €37,336
- Staff costs +€4,093
up €4,093 (+15.4%), from €26,500 to €30,593
- Financial income -€3,000
no longer reported in 2024 (was €3,000)
of which Financial income: -€3,000
- Financial charges -€1,005
down €1,005 (-21.5%), from €4,666 to €3,661
of which Financial charges: -€1,322
- Other operating charges +€880
up €880 (+50.0%), from €1,761 to €2,641
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,459 | €292,970 | +€37,511 | +14.7% |
| Fixed assets | 21/28 | €2,078 | €1,179 | -€899 | -43.3% |
| Tangible fixed assets | 22/27 | €1,898 | €999 | -€899 | -47.4% |
| Plant, machinery and equipment | 23 | €1,898 | €999 | -€899 | -47.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €253,381 | €291,791 | +€38,410 | +15.2% |
| Stocks and contracts in progress | 3 | €170,575 | €161,503 | -€9,072 | -5.3% |
| Stocks | 30/36 | €170,575 | €161,503 | -€9,072 | -5.3% |
| Amounts receivable within one year | 40/41 | €13,395 | €28,965 | +€15,570 | +116% |
| Trade receivables | 40 | - | €20,500 | +€20,500 | |
| Other amounts receivable | 41 | €13,395 | €8,465 | -€4,930 | -36.8% |
| Cash at bank and in hand | 54/58 | €69,411 | €101,323 | +€31,912 | +46.0% |
| Total equity and liabilities | 10/49 | €255,459 | €292,970 | +€37,511 | +14.7% |
| Equity | 10/15 | €82,812 | €82,354 | -€458 | -0.6% |
| Contributions | 10/11 | €18,600 | €20,659 | +€2,059 | +11.1% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €2,059 | - | -€2,059 | |
| Non-distributable reserves | 130/1 | €2,059 | - | -€2,059 | |
| Legal reserve | 130 | €2,059 | - | -€2,059 | |
| Profit (loss) carried forward | 14 | €62,153 | €61,695 | -€458 | -0.7% |
| Amounts payable | 17/49 | €172,647 | €210,616 | +€37,969 | +22.0% |
| Amounts payable within one year | 42/48 | €139,556 | €155,165 | +€15,609 | +11.2% |
| Trade debts | 44 | €9,594 | €9,637 | +€43 | +0.4% |
| Suppliers | 440/4 | €9,594 | €9,637 | +€43 | +0.4% |
| Taxes, remuneration and social security | 45 | €17,089 | €26,591 | +€9,502 | +55.6% |
| Taxes | 450/3 | €9,133 | €11,041 | +€1,908 | +20.9% |
| Remuneration and social security | 454/9 | €7,956 | €15,550 | +€7,594 | +95.4% |
| Other amounts payable | 47/48 | €112,873 | €118,937 | +€6,064 | +5.4% |
| Accrued charges and deferred income | 492/3 | €33,091 | €55,451 | +€22,360 | +67.6% |
| Remuneration, social security and pensions | 62 | €26,500 | €30,593 | +€4,093 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,643 | €899 | -€744 | -45.3% |
| Other operating charges | 640/8 | €1,761 | €2,641 | +€880 | +50.0% |
| Gross operating margin | 9900 | €31,514 | €37,336 | +€5,822 | +18.5% |
| Operating profit (loss) | 9901 | €1,610 | €3,203 | +€1,593 | +98.9% |
| Financial income | 75/76B | €3,000 | - | -€3,000 | |
| Recurring financial income | 75 | €3,000 | - | -€3,000 | |
| Non-recurring financial income | 76B | €3,000 | - | -€3,000 | |
| Financial charges | 65/66B | €4,666 | €3,661 | -€1,005 | -21.5% |
| Recurring financial charges | 65 | €4,666 | €3,344 | -€1,322 | -28.3% |
| Non-recurring financial charges | 66B | - | €317 | +€317 | |
| Profit (loss) for the period before taxes | 9903 | -€56 | -€458 | -€402 | -718% |
| Profit (loss) for the period | 9904 | -€56 | -€458 | -€402 | -718% |
| Profit (loss) for the period to be appropriated | 9905 | -€56 | -€458 | -€402 | -718% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.