HA EVENT: 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.
HA EVENT
Largest movements
- Receivables within one year +€193,664
up €193,664 (+233.0%), from €83,113 to €276,777
of which Trade receivables: +€193,664
- Cash -€101,237
down €101,237 (-92.9%), from €109,023 to €7,786
mainly Receivables within one year (-€193,664) and Receivables after one year (-€85,000)
- Receivables after one year +€85,000
new in 2025: €85,000
- Tangible fixed assets -€17,851
down €17,851 (-51.9%), from €34,398 to €16,547
of which Furniture and vehicles: -€18,196
- Trade debts +€135,125
up €135,125 (+2015.0%), from €6,706 to €141,832
- Tax, wage and social debts +€34,081
up €34,081 (+88.7%), from €38,409 to €72,491
of which Taxes: +€33,833
- Profit (loss) carried forward -€11,095
down €11,095 (-6.3%), from €176,321 to €165,226
- Gross operating margin -€91,318
down €91,318 (-54.4%), from €167,801 to €76,483
- Taxes +€16,720
up €16,720 (+46.5%), from €35,965 to €52,685
- Staff costs +€6,465
up €6,465 (+1196.5%), from €540 to €7,005
- Other operating charges +€2,403
up €2,403 (+57.1%), from €4,206 to €6,610
- Financial charges +€2,229
up €2,229 (+1424.0%), from €157 to €2,385
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 | €227,722 | €386,718 | +€158,996 | +69.8% |
| Fixed assets | 21/28 | €34,398 | €16,547 | -€17,851 | -51.9% |
| Tangible fixed assets | 22/27 | €34,398 | €16,547 | -€17,851 | -51.9% |
| Plant, machinery and equipment | 23 | €545 | €890 | +€344 | +63.1% |
| Furniture and vehicles | 24 | €33,853 | €15,657 | -€18,196 | -53.7% |
| Current assets | 29/58 | €193,324 | €370,172 | +€176,848 | +91.5% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Other amounts receivable | 291 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €83,113 | €276,777 | +€193,664 | +233.0% |
| Trade receivables | 40 | €81,850 | €275,514 | +€193,664 | +236.6% |
| Other amounts receivable | 41 | €1,263 | €1,263 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,023 | €7,786 | -€101,237 | -92.9% |
| Deferred charges and accrued income | 490/1 | €1,188 | €608 | -€580 | -48.8% |
| Total equity and liabilities | 10/49 | €227,722 | €386,718 | +€158,996 | +69.8% |
| Equity | 10/15 | €178,321 | €167,226 | -€11,095 | -6.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,321 | €165,226 | -€11,095 | -6.3% |
| Amounts payable | 17/49 | €49,401 | €219,493 | +€170,092 | +344.3% |
| Amounts payable within one year | 42/48 | €49,401 | €219,493 | +€170,092 | +344.3% |
| Trade debts | 44 | €6,706 | €141,832 | +€135,125 | +2015.0% |
| Suppliers | 440/4 | €6,706 | €141,832 | +€135,125 | +2015.0% |
| Taxes, remuneration and social security | 45 | €38,409 | €72,491 | +€34,081 | +88.7% |
| Taxes | 450/3 | €38,362 | €72,195 | +€33,833 | +88.2% |
| Remuneration and social security | 454/9 | €48 | €296 | +€248 | +521.1% |
| Other amounts payable | 47/48 | €4,285 | €5,170 | +€885 | +20.6% |
| Remuneration, social security and pensions | 62 | €540 | €7,005 | +€6,465 | +1196.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,741 | €18,893 | +€153 | +0.8% |
| Other operating charges | 640/8 | €4,206 | €6,610 | +€2,403 | +57.1% |
| Gross operating margin | 9900 | €167,801 | €76,483 | -€91,318 | -54.4% |
| Operating profit (loss) | 9901 | €144,314 | €43,975 | -€100,339 | -69.5% |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €157 | €2,385 | +€2,229 | +1424.0% |
| Recurring financial charges | 65 | €157 | €2,385 | +€2,229 | +1424.0% |
| Profit (loss) for the period before taxes | 9903 | €144,236 | €41,590 | -€102,647 | -71.2% |
| Income taxes | 67/77 | €35,965 | €52,685 | +€16,720 | +46.5% |
| Profit (loss) for the period | 9904 | €108,271 | -€11,095 | -€119,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,271 | -€11,095 | -€119,367 |
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 12 October 2026 via checked.be.