HAFSIA: 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.
HAFSIA
Largest movements
- Tangible fixed assets -€13,906
down €13,906 (-15.4%), from €90,486 to €76,580
of which Land and buildings: -€7,175
- Receivables within one year +€12,123
up €12,123 (+59.4%), from €20,402 to €32,525
- Profit (loss) carried forward +€256,024
up €256,024 (+65.6%), from €390,057 to €646,081
- Other debts -€248,895
down €248,895 (-97.0%), from €256,598 to €7,703
- Financial income +€250,624
up €250,624 (+32,049%), from €782 to €251,406
- Gross operating margin -€22,811
down €22,811 (-49.3%), from €46,312 to €23,501
- Taxes -€4,755
down €4,755 (-68.4%), from €6,948 to €2,193
- Other operating charges -€884
down €884 (-27.2%), from €3,248 to €2,364
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 | €1,064,742 | €1,062,141 | -€2,601 | -0.2% |
| Fixed assets | 21/28 | €1,042,257 | €1,028,351 | -€13,906 | -1.3% |
| Tangible fixed assets | 22/27 | €90,486 | €76,580 | -€13,906 | -15.4% |
| Land and buildings | 22 | €75,850 | €68,675 | -€7,175 | -9.5% |
| Plant, machinery and equipment | 23 | €14,636 | €7,905 | -€6,731 | -46.0% |
| Financial fixed assets | 28 | €951,771 | €951,771 | = | 0.0% |
| Current assets | 29/58 | €22,485 | €33,790 | +€11,305 | +50.3% |
| Amounts receivable within one year | 40/41 | €20,402 | €32,525 | +€12,123 | +59.4% |
| Other amounts receivable | 41 | €20,402 | €32,525 | +€12,123 | +59.4% |
| Cash at bank and in hand | 54/58 | €1,432 | €1,265 | -€167 | -11.7% |
| Deferred charges and accrued income | 490/1 | €651 | - | -€651 | |
| Total equity and liabilities | 10/49 | €1,064,742 | €1,062,141 | -€2,601 | -0.2% |
| Equity | 10/15 | €735,553 | €991,577 | +€256,024 | +34.8% |
| Contributions | 10/11 | €336,500 | €336,500 | = | 0.0% |
| Capital | 10 | €336,500 | €336,500 | = | 0.0% |
| Issued capital | 100 | €336,500 | €336,500 | = | 0.0% |
| Reserves | 13 | €8,996 | €8,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,996 | €8,996 | = | 0.0% |
| Legal reserve | 130 | €8,996 | €8,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €390,057 | €646,081 | +€256,024 | +65.6% |
| Amounts payable | 17/49 | €329,189 | €70,564 | -€258,625 | -78.6% |
| Amounts payable within one year | 42/48 | €329,189 | €70,564 | -€258,625 | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | - | -€8,000 | |
| Financial debts | 43 | €59,355 | €59,355 | = | 0.0% |
| Other loans | 439 | €59,355 | €59,355 | = | 0.0% |
| Trade debts | 44 | €189 | €501 | +€312 | +165% |
| Suppliers | 440/4 | €189 | €501 | +€312 | +165% |
| Taxes, remuneration and social security | 45 | €5,047 | €3,005 | -€2,042 | -40.5% |
| Taxes | 450/3 | €5,047 | €3,005 | -€2,042 | -40.5% |
| Other amounts payable | 47/48 | €256,598 | €7,703 | -€248,895 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,906 | €13,906 | = | 0.0% |
| Other operating charges | 640/8 | €3,248 | €2,364 | -€884 | -27.2% |
| Gross operating margin | 9900 | €46,312 | €23,501 | -€22,811 | -49.3% |
| Operating profit (loss) | 9901 | €29,158 | €7,231 | -€21,927 | -75.2% |
| Financial income | 75/76B | €782 | €251,406 | +€250,624 | +32,049% |
| Recurring financial income | 75 | €782 | €251,406 | +€250,624 | +32,049% |
| Financial charges | 65/66B | €734 | €420 | -€314 | -42.8% |
| Recurring financial charges | 65 | €734 | €420 | -€314 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €29,206 | €258,217 | +€229,011 | +784% |
| Income taxes | 67/77 | €6,948 | €2,193 | -€4,755 | -68.4% |
| Profit (loss) for the period | 9904 | €22,258 | €256,024 | +€233,766 | +1,050% |
| Profit (loss) for the period to be appropriated | 9905 | €22,258 | €256,024 | +€233,766 | +1,050% |
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 16 October 2026 via checked.be.