HAFIN CONSULT: 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.
HAFIN CONSULT
Largest movements
- Receivables within one year -€48,327
down €48,327 (-49.1%), from €98,445 to €50,118
- Current investments +€24,999
up €24,999 (+6.2%), from €399,998 to €424,997
- Cash +€8,012
up €8,012 (+110%), from €7,284 to €15,296
mainly Net result for the year (+€364,824) and Receivables within one year (+€48,327)
- Tax, wage and social debts -€108,610
down €108,610 (-57.5%), from €188,812 to €80,202
- Other debts +€40,594
up €40,594 (+12.9%), from €313,750 to €354,344
- Profit (loss) carried forward +€39,824
up €39,824 (+47.9%), from €83,161 to €122,984
- Trade debts +€7,240
up €7,240 (+301%), from €2,407 to €9,647
- Gross operating margin +€67,396
up €67,396 (+15.6%), from €431,742 to €499,137
- Financial income -€51,693
down €51,693 (-93.6%), from €55,229 to €3,536
- Depreciation +€6,325
up €6,325 (+39.2%), from €16,129 to €22,454
- Taxes -€5,208
down €5,208 (-4.6%), from €113,179 to €107,971
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 | €604,630 | €583,678 | -€20,952 | -3.5% |
| Fixed assets | 21/28 | €98,904 | €93,268 | -€5,636 | -5.7% |
| Tangible fixed assets | 22/27 | €98,629 | €92,993 | -€5,636 | -5.7% |
| Land and buildings | 22 | €65,079 | €59,312 | -€5,767 | -8.9% |
| Furniture and vehicles | 24 | €33,550 | €33,681 | +€131 | +0.4% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €505,726 | €490,410 | -€15,316 | -3.0% |
| Amounts receivable within one year | 40/41 | €98,445 | €50,118 | -€48,327 | -49.1% |
| Trade receivables | 40 | €98,445 | €50,118 | -€48,327 | -49.1% |
| Current investments | 50/53 | €399,998 | €424,997 | +€24,999 | +6.2% |
| Cash at bank and in hand | 54/58 | €7,284 | €15,296 | +€8,012 | +110% |
| Total equity and liabilities | 10/49 | €604,630 | €583,678 | -€20,952 | -3.5% |
| Equity | 10/15 | €99,661 | €139,484 | +€39,824 | +40.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,161 | €122,984 | +€39,824 | +47.9% |
| Amounts payable | 17/49 | €504,969 | €444,194 | -€60,776 | -12.0% |
| Amounts payable within one year | 42/48 | €504,969 | €444,194 | -€60,776 | -12.0% |
| Trade debts | 44 | €2,407 | €9,647 | +€7,240 | +301% |
| Suppliers | 440/4 | €2,407 | €9,647 | +€7,240 | +301% |
| Taxes, remuneration and social security | 45 | €188,812 | €80,202 | -€108,610 | -57.5% |
| Taxes | 450/3 | €188,812 | €80,202 | -€108,610 | -57.5% |
| Other amounts payable | 47/48 | €313,750 | €354,344 | +€40,594 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,129 | €22,454 | +€6,325 | +39.2% |
| Other operating charges | 640/8 | €1,186 | €2,024 | +€838 | +70.7% |
| Gross operating margin | 9900 | €431,742 | €499,137 | +€67,396 | +15.6% |
| Operating profit (loss) | 9901 | €414,427 | €474,660 | +€60,232 | +14.5% |
| Financial income | 75/76B | €55,229 | €3,536 | -€51,693 | -93.6% |
| Recurring financial income | 75 | €55,229 | €3,536 | -€51,693 | -93.6% |
| Financial charges | 65/66B | €482 | €5,400 | +€4,919 | +1,021% |
| Recurring financial charges | 65 | €482 | €5,400 | +€4,919 | +1,021% |
| Profit (loss) for the period before taxes | 9903 | €469,174 | €472,795 | +€3,621 | +0.8% |
| Income taxes | 67/77 | €113,179 | €107,971 | -€5,208 | -4.6% |
| Profit (loss) for the period | 9904 | €355,995 | €364,824 | +€8,828 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €355,995 | €364,824 | +€8,828 | +2.5% |
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 22 October 2026 via checked.be.