HAFA TRADING: 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.
HAFA TRADING
Largest movements
- Receivables within one year -€414,416
down €414,416 (-84.5%), from €490,582 to €76,165
of which Trade receivables: -€408,500
- Stocks and contracts -€224,206
down €224,206 (-29.3%), from €766,240 to €542,034
- Trade debts -€681,779
down €681,779 (-58.8%), from €1.2m to €477,066
- Profit (loss) carried forward +€24,232
up €24,232 (+28.0%), from €86,490 to €110,722
- Gross operating margin -€28,296
down €28,296 (-31.8%), from €88,938 to €60,641
- Staff costs +€9,802
up €9,802 (+130%), from €7,563 to €17,365
- Taxes +€7,144
up €7,144 (+301%), from €2,374 to €9,518
- Other operating charges -€2,735
down €2,735 (-30.7%), from €8,919 to €6,185
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 | €1,283,152 | €642,086 | -€641,066 | -50.0% |
| Fixed assets | 21/28 | €8,000 | €8,000 | = | 0.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €1,275,152 | €634,086 | -€641,066 | -50.3% |
| Stocks and contracts in progress | 3 | €766,240 | €542,034 | -€224,206 | -29.3% |
| Stocks | 30/36 | €766,240 | €542,034 | -€224,206 | -29.3% |
| Amounts receivable within one year | 40/41 | €490,582 | €76,165 | -€414,416 | -84.5% |
| Trade receivables | 40 | €408,500 | €0 | -€408,500 | -100% |
| Other amounts receivable | 41 | €82,081 | €76,165 | -€5,916 | -7.2% |
| Cash at bank and in hand | 54/58 | €15,330 | €13,296 | -€2,034 | -13.3% |
| Deferred charges and accrued income | 490/1 | €3,001 | €2,590 | -€410 | -13.7% |
| Total equity and liabilities | 10/49 | €1,283,152 | €642,086 | -€641,066 | -50.0% |
| Equity | 10/15 | €106,950 | €131,182 | +€24,232 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,490 | €110,722 | +€24,232 | +28.0% |
| Amounts payable | 17/49 | €1,176,202 | €510,904 | -€665,298 | -56.6% |
| Amounts payable within one year | 42/48 | €1,176,202 | €510,904 | -€665,298 | -56.6% |
| Trade debts | 44 | €1,158,846 | €477,066 | -€681,779 | -58.8% |
| Suppliers | 440/4 | €1,158,846 | €477,066 | -€681,779 | -58.8% |
| Taxes, remuneration and social security | 45 | €17,356 | €29,088 | +€11,732 | +67.6% |
| Taxes | 450/3 | €8,078 | €14,690 | +€6,612 | +81.9% |
| Remuneration and social security | 454/9 | €9,278 | €14,398 | +€5,120 | +55.2% |
| Other amounts payable | 47/48 | - | €4,749 | +€4,749 | |
| Remuneration, social security and pensions | 62 | €7,563 | €17,365 | +€9,802 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €0 | -€84 | -100% |
| Other operating charges | 640/8 | €8,919 | €6,185 | -€2,735 | -30.7% |
| Non-recurring operating charges | 66A | €60,580 | €0 | -€60,580 | -100% |
| Gross operating margin | 9900 | €88,938 | €60,641 | -€28,296 | -31.8% |
| Operating profit (loss) | 9901 | €11,792 | €37,092 | +€25,300 | +215% |
| Financial income | 75/76B | €474 | €0 | -€474 | -100% |
| Recurring financial income | 75 | €474 | €0 | -€474 | -100% |
| Financial charges | 65/66B | €3,158 | €3,342 | +€184 | +5.8% |
| Recurring financial charges | 65 | €3,158 | €3,342 | +€184 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €9,108 | €33,750 | +€24,641 | +271% |
| Income taxes | 67/77 | €2,374 | €9,518 | +€7,144 | +301% |
| Profit (loss) for the period | 9904 | €6,734 | €24,232 | +€17,498 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €6,734 | €24,232 | +€17,498 | +260% |
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 17 October 2026 via checked.be.