HAEPRO: 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.
HAEPRO
Largest movements
- Cash +€6,161
up €6,161 (+5.7%), from €108,825 to €114,986
mainly Net result for the year (+€71,591) and Other debts (+€59,289)
- Tangible fixed assets -€1,845
down €1,845 (-12.7%), from €14,568 to €12,723
of which Furniture and vehicles: -€1,377
- Other debts +€59,289
up €59,289 (+7,295%), from €813 to €60,102
- Reserves -€35,468
down €35,468 (-37.3%), from €95,173 to €59,706
- Tax, wage and social debts -€18,325
down €18,325 (-61.5%), from €29,795 to €11,470
- Depreciation +€1,451
up €1,451 (+22.0%), from €6,584 to €8,035
- Gross operating margin -€1,358
down €1,358 (-1.3%), from €103,031 to €101,673
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 | €136,341 | €142,141 | +€5,800 | +4.3% |
| Fixed assets | 21/28 | €14,568 | €12,723 | -€1,845 | -12.7% |
| Tangible fixed assets | 22/27 | €14,568 | €12,723 | -€1,845 | -12.7% |
| Plant, machinery and equipment | 23 | €1,734 | €1,266 | -€469 | -27.0% |
| Furniture and vehicles | 24 | €12,834 | €11,457 | -€1,377 | -10.7% |
| Current assets | 29/58 | €121,772 | €129,418 | +€7,645 | +6.3% |
| Amounts receivable within one year | 40/41 | €11,093 | €12,478 | +€1,385 | +12.5% |
| Trade receivables | 40 | €11,093 | €12,478 | +€1,385 | +12.5% |
| Cash at bank and in hand | 54/58 | €108,825 | €114,986 | +€6,161 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,855 | €1,954 | +€100 | +5.4% |
| Total equity and liabilities | 10/49 | €136,341 | €142,141 | +€5,800 | +4.3% |
| Equity | 10/15 | €105,173 | €69,706 | -€35,468 | -33.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €95,173 | €59,706 | -€35,468 | -37.3% |
| Distributable reserves | 133 | €95,173 | €59,706 | -€35,468 | -37.3% |
| Amounts payable | 17/49 | €31,167 | €72,435 | +€41,268 | +132% |
| Amounts payable within one year | 42/48 | €31,167 | €72,435 | +€41,268 | +132% |
| Trade debts | 44 | €560 | €863 | +€304 | +54.3% |
| Suppliers | 440/4 | €560 | €863 | +€304 | +54.3% |
| Taxes, remuneration and social security | 45 | €29,795 | €11,470 | -€18,325 | -61.5% |
| Taxes | 450/3 | €29,795 | €11,470 | -€18,325 | -61.5% |
| Other amounts payable | 47/48 | €813 | €60,102 | +€59,289 | +7,295% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,584 | €8,035 | +€1,451 | +22.0% |
| Other operating charges | 640/8 | €638 | €638 | +€0 | 0.0% |
| Gross operating margin | 9900 | €103,031 | €101,673 | -€1,358 | -1.3% |
| Operating profit (loss) | 9901 | €95,809 | €92,999 | -€2,810 | -2.9% |
| Financial income | 75/76B | €5 | €5 | = | 0.0% |
| Recurring financial income | 75 | €5 | €5 | = | 0.0% |
| Financial charges | 65/66B | €1,343 | €1,413 | +€70 | +5.2% |
| Recurring financial charges | 65 | €1,343 | €1,413 | +€70 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €94,471 | €91,591 | -€2,880 | -3.0% |
| Income taxes | 67/77 | €19,493 | €20,000 | +€508 | +2.6% |
| Profit (loss) for the period | 9904 | €74,979 | €71,591 | -€3,387 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,979 | €71,591 | -€3,387 | -4.5% |
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 20 October 2026 via checked.be.