Hakan Basaran: 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.
Hakan Basaran
Largest movements
- Receivables within one year +€19,705
up €19,705 (+4497.2%), from €438 to €20,143
of which Trade receivables: +€19,997
- Cash -€14,666
down €14,666 (-67.5%), from €21,729 to €7,063
mainly Receivables within one year (-€19,705) and Net result for the year (-€11,153)
- Stocks and contracts -€6,791
down €6,791 (-28.9%), from €23,492 to €16,701
- Tangible fixed assets +€1,547
up €1,547 (+337.8%), from €458 to €2,005
- Profit (loss) carried forward -€11,153
down €11,153 (-67.3%), from -€16,563 to -€27,716
- Other debts +€5,192
up €5,192 (+5237.7%), from €99 to €5,291
- Short-term financial debts +€2,405
new in 2025: €2,405
- Trade debts +€2,015
up €2,015 (+82.2%), from €2,451 to €4,465
- Tax, wage and social debts +€1,336
up €1,336 (+29.5%), from €4,531 to €5,867
of which Remuneration and social security: +€3,450
- Gross operating margin -€8,638
down €8,638, from €1,728 to -€6,909
- Financial charges +€804
up €804 (+267.3%), from €301 to €1,105
- Other operating charges +€556
up €556 (+28.1%), from €1,981 to €2,537
- Depreciation +€226
up €226 (+60.4%), from €374 to €601
- Staff costs -€83
no longer reported in 2025 (was €83)
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 | €46,118 | €45,913 | -€205 | -0.4% |
| Fixed assets | 21/28 | €458 | €2,005 | +€1,547 | +337.8% |
| Tangible fixed assets | 22/27 | €458 | €2,005 | +€1,547 | +337.8% |
| Plant, machinery and equipment | 23 | €458 | €2,005 | +€1,547 | +337.8% |
| Current assets | 29/58 | €45,659 | €43,907 | -€1,752 | -3.8% |
| Stocks and contracts in progress | 3 | €23,492 | €16,701 | -€6,791 | -28.9% |
| Stocks | 30/36 | €23,492 | €16,701 | -€6,791 | -28.9% |
| Amounts receivable within one year | 40/41 | €438 | €20,143 | +€19,705 | +4497.2% |
| Trade receivables | 40 | €3 | €20,000 | +€19,997 | +691941.5% |
| Other amounts receivable | 41 | €435 | €143 | -€293 | -67.2% |
| Cash at bank and in hand | 54/58 | €21,729 | €7,063 | -€14,666 | -67.5% |
| Total equity and liabilities | 10/49 | €46,118 | €45,913 | -€205 | -0.4% |
| Equity | 10/15 | €39,037 | €27,884 | -€11,153 | -28.6% |
| Contributions | 10/11 | €55,600 | €55,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,563 | -€27,716 | -€11,153 | -67.3% |
| Amounts payable | 17/49 | €7,080 | €18,028 | +€10,948 | +154.6% |
| Amounts payable within one year | 42/48 | €7,080 | €18,028 | +€10,948 | +154.6% |
| Financial debts | 43 | - | €2,405 | +€2,405 | |
| Credit institutions | 430/8 | - | €2,405 | +€2,405 | |
| Trade debts | 44 | €2,451 | €4,465 | +€2,015 | +82.2% |
| Suppliers | 440/4 | €2,451 | €4,465 | +€2,015 | +82.2% |
| Taxes, remuneration and social security | 45 | €4,531 | €5,867 | +€1,336 | +29.5% |
| Taxes | 450/3 | €4,531 | €2,417 | -€2,114 | -46.7% |
| Remuneration and social security | 454/9 | - | €3,450 | +€3,450 | |
| Other amounts payable | 47/48 | €99 | €5,291 | +€5,192 | +5237.7% |
| Remuneration, social security and pensions | 62 | €83 | - | -€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €601 | +€226 | +60.4% |
| Other operating charges | 640/8 | €1,981 | €2,537 | +€556 | +28.1% |
| Gross operating margin | 9900 | €1,728 | -€6,909 | -€8,638 | |
| Operating profit (loss) | 9901 | -€710 | -€10,047 | -€9,337 | -1315.2% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €301 | €1,105 | +€804 | +267.3% |
| Recurring financial charges | 65 | €301 | €1,105 | +€804 | +267.3% |
| Profit (loss) for the period before taxes | 9903 | -€958 | -€11,153 | -€10,195 | -1064.3% |
| Profit (loss) for the period | 9904 | -€958 | -€11,153 | -€10,195 | -1064.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€958 | -€11,153 | -€10,195 | -1064.3% |
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 5 October 2026 via checked.be.