HAFIKU: 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.
HAFIKU
Largest movements
- Cash +€20,162
up €20,162 (+28.6%), from €70,410 to €90,572
mainly Net result for the year (+€26,368) and Depreciation (+€2,164)
- Receivables within one year +€7,717
up €7,717 (+116.6%), from €6,617 to €14,334
of which Trade receivables: +€9,494
- Profit (loss) carried forward +€26,368
up €26,368 (+28.0%), from €94,145 to €120,513
- Gross operating margin -€5,823
down €5,823 (-10.8%), from €54,094 to €48,270
- Depreciation -€1,063
down €1,063 (-33.0%), from €3,227 to €2,164
- Taxes +€915
up €915 (+11.1%), from €8,223 to €9,138
- Other operating charges +€652
up €652 (+6.6%), from €9,908 to €10,560
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 | €276,279 | €302,061 | +€25,782 | +9.3% |
| Fixed assets | 21/28 | €199,253 | €197,089 | -€2,164 | -1.1% |
| Tangible fixed assets | 22/27 | €199,253 | €197,089 | -€2,164 | -1.1% |
| Land and buildings | 22 | €199,253 | €197,089 | -€2,164 | -1.1% |
| Current assets | 29/58 | €77,026 | €104,972 | +€27,946 | +36.3% |
| Amounts receivable within one year | 40/41 | €6,617 | €14,334 | +€7,717 | +116.6% |
| Trade receivables | 40 | €4,840 | €14,334 | +€9,494 | +196.1% |
| Other amounts receivable | 41 | €1,777 | €0 | -€1,777 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,410 | €90,572 | +€20,162 | +28.6% |
| Deferred charges and accrued income | 490/1 | - | €67 | +€67 | |
| Total equity and liabilities | 10/49 | €276,279 | €302,061 | +€25,782 | +9.3% |
| Equity | 10/15 | €273,219 | €299,587 | +€26,368 | +9.7% |
| Contributions | 10/11 | €3,706 | €3,706 | = | 0.0% |
| Reserves | 13 | €175,368 | €175,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €371 | €371 | = | 0.0% |
| Reserves not available under the articles | 1311 | €371 | €371 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,180 | €102,180 | = | 0.0% |
| Distributable reserves | 133 | €72,817 | €72,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,145 | €120,513 | +€26,368 | +28.0% |
| Amounts payable | 17/49 | €3,060 | €2,474 | -€586 | -19.1% |
| Amounts payable within one year | 42/48 | €3,060 | €2,474 | -€586 | -19.1% |
| Trade debts | 44 | €658 | €0 | -€658 | -100.0% |
| Suppliers | 440/4 | €658 | €0 | -€658 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,401 | €1,638 | -€763 | -31.8% |
| Taxes | 450/3 | €2,401 | €1,638 | -€763 | -31.8% |
| Other amounts payable | 47/48 | - | €835 | +€835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €2,164 | -€1,063 | -33.0% |
| Other operating charges | 640/8 | €9,908 | €10,560 | +€652 | +6.6% |
| Gross operating margin | 9900 | €54,094 | €48,270 | -€5,823 | -10.8% |
| Operating profit (loss) | 9901 | €40,959 | €35,547 | -€5,412 | -13.2% |
| Financial income | 75/76B | €433 | €0 | -€433 | -100.0% |
| Recurring financial income | 75 | €433 | €0 | -€433 | -100.0% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €41,353 | €35,506 | -€5,846 | -14.1% |
| Income taxes | 67/77 | €8,223 | €9,138 | +€915 | +11.1% |
| Profit (loss) for the period | 9904 | €33,130 | €26,368 | -€6,761 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,130 | €26,368 | -€6,761 | -20.4% |
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 10 October 2026 via checked.be.