HAKOPIAN IMMOBILIARE: 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.
HAKOPIAN IMMOBILIARE
Largest movements
- Cash -€26,720
down €26,720 (-75.9%), from €35,186 to €8,466
mainly Debts after one year (-€55,435) and Trade debts (-€12,659)
- Tangible fixed assets -€8,558
down €8,558 (-25.5%), from €33,590 to €25,032
of which Furniture and vehicles: -€8,673
- Profit (loss) carried forward +€60,084
up €60,084 (+24.9%), from €240,959 to €301,043
- Debts after one year -€55,435
down €55,435 (-41.8%), from €132,696 to €77,261
- Trade debts -€12,659
down €12,659 (-84.4%), from €14,993 to €2,334
- Current portion of long-term debt -€10,308
down €10,308 (-13.0%), from €79,071 to €68,763
- Tax, wage and social debts -€10,133
down €10,133 (-59.8%), from €16,954 to €6,821
- Gross operating margin -€19,642
down €19,642 (-16.1%), from €122,033 to €102,390
- Taxes -€5,206
down €5,206 (-19.9%), from €26,193 to €20,987
- Depreciation -€1,241
down €1,241 (-9.0%), from €13,838 to €12,598
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 | €487,173 | €458,722 | -€28,450 | -5.8% |
| Fixed assets | 21/28 | €429,590 | €421,032 | -€8,558 | -2.0% |
| Tangible fixed assets | 22/27 | €33,590 | €25,032 | -€8,558 | -25.5% |
| Furniture and vehicles | 24 | €20,056 | €11,383 | -€8,673 | -43.2% |
| Other tangible fixed assets | 26 | €13,534 | €13,650 | +€116 | +0.9% |
| Financial fixed assets | 28 | €396,000 | €396,000 | = | 0.0% |
| Current assets | 29/58 | €57,583 | €37,690 | -€19,893 | -34.5% |
| Amounts receivable within one year | 40/41 | €22,397 | €26,724 | +€4,327 | +19.3% |
| Trade receivables | 40 | €19,897 | €7,297 | -€12,600 | -63.3% |
| Other amounts receivable | 41 | €2,500 | €19,427 | +€16,927 | +677% |
| Cash at bank and in hand | 54/58 | €35,186 | €8,466 | -€26,720 | -75.9% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €487,173 | €458,722 | -€28,450 | -5.8% |
| Equity | 10/15 | €243,459 | €303,543 | +€60,084 | +24.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €240,959 | €301,043 | +€60,084 | +24.9% |
| Amounts payable | 17/49 | €243,714 | €155,179 | -€88,535 | -36.3% |
| Amounts payable after more than one year | 17 | €132,696 | €77,261 | -€55,435 | -41.8% |
| Financial debts | 170/4 | €132,696 | €77,261 | -€55,435 | -41.8% |
| Amounts payable within one year | 42/48 | €111,018 | €77,919 | -€33,100 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €79,071 | €68,763 | -€10,308 | -13.0% |
| Trade debts | 44 | €14,993 | €2,334 | -€12,659 | -84.4% |
| Suppliers | 440/4 | €14,993 | €2,334 | -€12,659 | -84.4% |
| Taxes, remuneration and social security | 45 | €16,954 | €6,821 | -€10,133 | -59.8% |
| Taxes | 450/3 | €16,954 | €6,821 | -€10,133 | -59.8% |
| Remuneration, social security and pensions | 62 | - | €840 | +€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,838 | €12,598 | -€1,241 | -9.0% |
| Other operating charges | 640/8 | €440 | €129 | -€310 | -70.6% |
| Gross operating margin | 9900 | €122,033 | €102,390 | -€19,642 | -16.1% |
| Operating profit (loss) | 9901 | €107,755 | €88,823 | -€18,931 | -17.6% |
| Financial charges | 65/66B | €7,100 | €7,752 | +€652 | +9.2% |
| Recurring financial charges | 65 | €7,100 | €7,752 | +€652 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €100,655 | €81,071 | -€19,583 | -19.5% |
| Income taxes | 67/77 | €26,193 | €20,987 | -€5,206 | -19.9% |
| Profit (loss) for the period | 9904 | €74,461 | €60,084 | -€14,377 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,461 | €60,084 | -€14,377 | -19.3% |
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 14 October 2026 via checked.be.