HAJARPI CHATCHATRIAN: what changed
HAJARPI CHATCHATRIAN
Largest movements
- Cash +€123,966
up €123,966 (+538%), from €23,050 to €147,016
mainly Net result for the year (+€268,663) and Other debts (+€104,213)
- Receivables within one year +€32,602
up €32,602 (+72.8%), from €44,772 to €77,374
of which Other amounts receivable: +€32,748
- Other debts +€104,213
up €104,213 (+178%), from €58,500 to €162,713
- Short-term financial debts +€43,981
new in 2025: €43,981
- Tax, wage and social debts +€9,463
up €9,463 (+601%), from €1,575 to €11,038
- Profit (loss) carried forward -€3,435
down €3,435 (-100%), from €3,435 to €0
- Gross operating margin +€154,676
up €154,676 (+39.8%), from €388,643 to €543,319
- Taxes +€38,054
up €38,054 (+79.3%), from €47,995 to €86,049
- Other operating charges +€5,869
up €5,869 (+3.2%), from €181,364 to €187,233
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,611 | €225,998 | +€155,387 | +220% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €70,611 | €225,998 | +€155,387 | +220% |
| Amounts receivable within one year | 40/41 | €44,772 | €77,374 | +€32,602 | +72.8% |
| Trade receivables | 40 | €364 | €218 | -€146 | -40.2% |
| Other amounts receivable | 41 | €44,407 | €77,156 | +€32,748 | +73.7% |
| Cash at bank and in hand | 54/58 | €23,050 | €147,016 | +€123,966 | +538% |
| Deferred charges and accrued income | 490/1 | €2,789 | €1,608 | -€1,181 | -42.3% |
| Total equity and liabilities | 10/49 | €70,611 | €225,998 | +€155,387 | +220% |
| Equity | 10/15 | €8,395 | €5,059 | -€3,337 | -39.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €4,860 | €4,959 | +€99 | +2.0% |
| Distributable reserves | 133 | €4,860 | €4,959 | +€99 | +2.0% |
| Profit (loss) carried forward | 14 | €3,435 | €0 | -€3,435 | -100% |
| Amounts payable | 17/49 | €62,215 | €220,939 | +€158,724 | +255% |
| Amounts payable within one year | 42/48 | €62,215 | €220,939 | +€158,724 | +255% |
| Financial debts | 43 | - | €43,981 | +€43,981 | |
| Credit institutions | 430/8 | - | €43,981 | +€43,981 | |
| Trade debts | 44 | €2,140 | €3,207 | +€1,067 | +49.9% |
| Suppliers | 440/4 | €2,140 | €3,207 | +€1,067 | +49.9% |
| Taxes, remuneration and social security | 45 | €1,575 | €11,038 | +€9,463 | +601% |
| Taxes | 450/3 | €1,575 | €11,038 | +€9,463 | +601% |
| Other amounts payable | 47/48 | €58,500 | €162,713 | +€104,213 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €0 | -€393 | -100% |
| Other operating charges | 640/8 | €181,364 | €187,233 | +€5,869 | +3.2% |
| Gross operating margin | 9900 | €388,643 | €543,319 | +€154,676 | +39.8% |
| Operating profit (loss) | 9901 | €206,886 | €356,086 | +€149,200 | +72.1% |
| Financial income | 75/76B | €509 | €111 | -€398 | -78.2% |
| Recurring financial income | 75 | €509 | €111 | -€398 | -78.2% |
| Financial charges | 65/66B | €74 | €1,485 | +€1,411 | +1,920% |
| Recurring financial charges | 65 | €74 | €1,485 | +€1,411 | +1,920% |
| Profit (loss) for the period before taxes | 9903 | €207,321 | €354,712 | +€147,391 | +71.1% |
| Income taxes | 67/77 | €47,995 | €86,049 | +€38,054 | +79.3% |
| Profit (loss) for the period | 9904 | €159,326 | €268,663 | +€109,337 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,326 | €268,663 | +€109,337 | +68.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.