HACEP: 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.
HACEP
Largest movements
- Tangible fixed assets -€1,797
down €1,797 (-21.6%), from €8,326 to €6,529
- Cash +€1,787
up €1,787, from €0 to €1,787
mainly Net result for the year (+€4,669) and Depreciation (+€1,797)
- Short-term financial debts -€8,004
no longer reported in 2025 (was €8,004)
- Profit (loss) carried forward +€4,669
up €4,669 (+6.9%), from -€67,242 to -€62,573
- Trade debts +€1,633
up €1,633 (+338.6%), from €482 to €2,116
- Other debts +€1,510
up €1,510 (+8.1%), from €18,729 to €20,239
- Gross operating margin +€11,434
up €11,434, from -€4,068 to €7,367
- Financial charges -€859
down €859 (-69.9%), from €1,228 to €369
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 | €11,052 | €10,860 | -€192 | -1.7% |
| Fixed assets | 21/28 | €8,426 | €6,529 | -€1,897 | -22.5% |
| Tangible fixed assets | 22/27 | €8,326 | €6,529 | -€1,797 | -21.6% |
| Land and buildings | 22 | €8,326 | €6,529 | -€1,797 | -21.6% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €2,626 | €4,332 | +€1,705 | +64.9% |
| Amounts receivable within one year | 40/41 | €2,626 | €2,544 | -€82 | -3.1% |
| Trade receivables | 40 | - | €2,100 | +€2,100 | |
| Other amounts receivable | 41 | €2,626 | €444 | -€2,182 | -83.1% |
| Cash at bank and in hand | 54/58 | €0 | €1,787 | +€1,787 | |
| Total equity and liabilities | 10/49 | €11,052 | €10,860 | -€192 | -1.7% |
| Equity | 10/15 | -€16,163 | -€11,495 | +€4,669 | +28.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,079 | €31,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €996 | €996 | = | 0.0% |
| Reserves not available under the articles | 1311 | €996 | €996 | = | 0.0% |
| Distributable reserves | 133 | €30,083 | €30,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,242 | -€62,573 | +€4,669 | +6.9% |
| Amounts payable | 17/49 | €27,215 | €22,355 | -€4,861 | -17.9% |
| Amounts payable within one year | 42/48 | €27,215 | €22,355 | -€4,861 | -17.9% |
| Financial debts | 43 | €8,004 | - | -€8,004 | |
| Credit institutions | 430/8 | €8,004 | - | -€8,004 | |
| Trade debts | 44 | €482 | €2,116 | +€1,633 | +338.6% |
| Suppliers | 440/4 | €482 | €2,116 | +€1,633 | +338.6% |
| Other amounts payable | 47/48 | €18,729 | €20,239 | +€1,510 | +8.1% |
| Remuneration, social security and pensions | 62 | €405 | €387 | -€18 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €1,797 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | -€4,068 | €7,367 | +€11,434 | |
| Operating profit (loss) | 9901 | -€6,410 | €5,038 | +€11,448 | |
| Financial charges | 65/66B | €1,228 | €369 | -€859 | -69.9% |
| Recurring financial charges | 65 | €1,228 | €369 | -€859 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,639 | €4,669 | +€12,307 | |
| Profit (loss) for the period | 9904 | -€7,639 | €4,669 | +€12,307 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,639 | €4,669 | +€12,307 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.