HAFRIN: 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.
HAFRIN
Largest movements
- Cash -€1,612
down €1,612 (-5.4%), from €29,848 to €28,236
mainly Net result for the year (-€1,206) and Trade debts (-€406)
- Profit (loss) carried forward -€1,206
down €1,206 (-5.9%), from -€20,548 to -€21,754
- Trade debts -€406
down €406 (-100.0%), from €406 to €0
- Gross operating margin +€51
up €51 (+9.0%), from -€573 to -€521
- Other operating charges +€12
up €12 (+2.8%), from €449 to €462
- Financial charges +€7
up €7 (+3.2%), from €215 to €222
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 | €29,858 | €28,246 | -€1,612 | -5.4% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €29,848 | €28,236 | -€1,612 | -5.4% |
| Cash at bank and in hand | 54/58 | €29,848 | €28,236 | -€1,612 | -5.4% |
| Total equity and liabilities | 10/49 | €29,858 | €28,246 | -€1,612 | -5.4% |
| Equity | 10/15 | €29,452 | €28,246 | -€1,206 | -4.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,548 | -€21,754 | -€1,206 | -5.9% |
| Amounts payable | 17/49 | €406 | €0 | -€406 | -100.0% |
| Amounts payable within one year | 42/48 | €406 | €0 | -€406 | -100.0% |
| Trade debts | 44 | €406 | €0 | -€406 | -100.0% |
| Suppliers | 440/4 | €406 | €0 | -€406 | -100.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€573 | -€521 | +€51 | +9.0% |
| Operating profit (loss) | 9901 | -€1,022 | -€983 | +€39 | +3.8% |
| Financial charges | 65/66B | €215 | €222 | +€7 | +3.2% |
| Recurring financial charges | 65 | €215 | €222 | +€7 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,238 | -€1,206 | +€32 | +2.6% |
| Profit (loss) for the period | 9904 | -€1,238 | -€1,206 | +€32 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,238 | -€1,206 | +€32 | +2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.