HAASRT: 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.
HAASRT
Largest movements
- Tangible fixed assets -€338,720
down €338,720 (-31.3%), from €1.1m to €744,933
of which Furniture and vehicles: -€358,127
- Cash +€77,042
up €77,042 (+1544.3%), from €4,989 to €82,031
mainly Depreciation (+€264,331) and Investment in fixed assets (net) (+€74,389)
- Current investments +€20,041
up €20,041 (+99.5%), from €20,135 to €40,176
- Profit (loss) carried forward -€123,872
down €123,872 (-15.3%), from -€811,449 to -€935,321
- Trade debts -€87,050
no longer reported in 2025 (was €87,050)
- Other debts -€55,000
down €55,000 (-56.6%), from €97,098 to €42,098
- Tax, wage and social debts +€31,828
new in 2025: €31,828
- Gross operating margin +€289,840
up €289,840, from -€146,047 to €143,793
- Depreciation +€6,527
up €6,527 (+2.5%), from €257,804 to €264,331
- Financial income +€2,149
up €2,149 (+1337.0%), from €161 to €2,310
- Staff costs +€1,802
up €1,802 (+201.1%), from €896 to €2,698
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 | €1,375,198 | €1,141,105 | -€234,093 | -17.0% |
| Fixed assets | 21/28 | €1,091,211 | €752,491 | -€338,720 | -31.0% |
| Tangible fixed assets | 22/27 | €1,083,652 | €744,933 | -€338,720 | -31.3% |
| Plant, machinery and equipment | 23 | €126,092 | €145,499 | +€19,407 | +15.4% |
| Furniture and vehicles | 24 | €957,560 | €599,434 | -€358,127 | -37.4% |
| Financial fixed assets | 28 | €7,558 | €7,558 | = | 0.0% |
| Current assets | 29/58 | €283,987 | €388,614 | +€104,627 | +36.8% |
| Amounts receivable within one year | 40/41 | €258,863 | €266,407 | +€7,543 | +2.9% |
| Trade receivables | 40 | €116,617 | €188,061 | +€71,444 | +61.3% |
| Other amounts receivable | 41 | €142,246 | €78,346 | -€63,901 | -44.9% |
| Current investments | 50/53 | €20,135 | €40,176 | +€20,041 | +99.5% |
| Cash at bank and in hand | 54/58 | €4,989 | €82,031 | +€77,042 | +1544.3% |
| Total equity and liabilities | 10/49 | €1,375,198 | €1,141,105 | -€234,093 | -17.0% |
| Equity | 10/15 | -€808,949 | -€932,821 | -€123,872 | -15.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€811,449 | -€935,321 | -€123,872 | -15.3% |
| Amounts payable | 17/49 | €2,184,148 | €2,073,926 | -€110,221 | -5.0% |
| Amounts payable after more than one year | 17 | €2,000,000 | €2,000,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €184,148 | €73,926 | -€110,221 | -59.9% |
| Trade debts | 44 | €87,050 | - | -€87,050 | |
| Suppliers | 440/4 | €87,050 | - | -€87,050 | |
| Taxes, remuneration and social security | 45 | - | €31,828 | +€31,828 | |
| Taxes | 450/3 | - | €31,828 | +€31,828 | |
| Other amounts payable | 47/48 | €97,098 | €42,098 | -€55,000 | -56.6% |
| Remuneration, social security and pensions | 62 | €896 | €2,698 | +€1,802 | +201.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,804 | €264,331 | +€6,527 | +2.5% |
| Other operating charges | 640/8 | - | €1,441 | +€1,441 | |
| Gross operating margin | 9900 | -€146,047 | €143,793 | +€289,840 | |
| Operating profit (loss) | 9901 | -€404,747 | -€124,677 | +€280,070 | +69.2% |
| Financial income | 75/76B | €161 | €2,310 | +€2,149 | +1337.0% |
| Recurring financial income | 75 | €161 | €2,310 | +€2,149 | +1337.0% |
| Financial charges | 65/66B | €2,318 | €1,505 | -€812 | -35.1% |
| Recurring financial charges | 65 | €2,318 | €1,505 | -€812 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€406,904 | -€123,872 | +€283,032 | +69.6% |
| Income taxes | 67/77 | €52 | - | -€52 | |
| Profit (loss) for the period | 9904 | -€406,955 | -€123,872 | +€283,084 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€406,955 | -€123,872 | +€283,084 | +69.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.