HAP BARTEL GOEMAERE: 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.
HAP BARTEL GOEMAERE
Largest movements
- Cash -€61,332
down €61,332 (-35.4%), from €173,489 to €112,157
mainly Contributions, distributions and other (-€234,049) and Tax, wage and social debts (-€10,306)
- Receivables within one year -€11,848
down €11,848 (-71.4%), from €16,599 to €4,751
- Tangible fixed assets +€7,903
up €7,903 (+830%), from €952 to €8,855
of which Furniture and vehicles: +€7,449
- Profit (loss) carried forward -€93,866
down €93,866 (-78.8%), from €119,049 to €25,184
- Other debts +€38,534
up €38,534 (+49.9%), from €77,292 to €115,826
- Tax, wage and social debts -€10,306
down €10,306 (-62.5%), from €16,500 to €6,194
of which Taxes: -€14,556
- Gross operating margin +€9,850
up €9,850 (+5.6%), from €174,999 to €184,849
- Taxes +€2,079
up €2,079 (+5.3%), from €39,170 to €41,249
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 | €217,842 | €152,869 | -€64,972 | -29.8% |
| Fixed assets | 21/28 | €952 | €8,855 | +€7,903 | +830% |
| Tangible fixed assets | 22/27 | €952 | €8,855 | +€7,903 | +830% |
| Plant, machinery and equipment | 23 | - | €454 | +€454 | |
| Furniture and vehicles | 24 | €952 | €8,401 | +€7,449 | +783% |
| Current assets | 29/58 | €216,890 | €144,014 | -€72,876 | -33.6% |
| Amounts receivable within one year | 40/41 | €16,599 | €4,751 | -€11,848 | -71.4% |
| Other amounts receivable | 41 | €16,599 | €4,751 | -€11,848 | -71.4% |
| Current investments | 50/53 | €25,236 | €25,236 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €173,489 | €112,157 | -€61,332 | -35.4% |
| Deferred charges and accrued income | 490/1 | €1,566 | €1,870 | +€304 | +19.4% |
| Total equity and liabilities | 10/49 | €217,842 | €152,869 | -€64,972 | -29.8% |
| Equity | 10/15 | €124,049 | €30,184 | -€93,866 | -75.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,049 | €25,184 | -€93,866 | -78.8% |
| Amounts payable | 17/49 | €93,792 | €122,685 | +€28,893 | +30.8% |
| Amounts payable within one year | 42/48 | €93,792 | €122,685 | +€28,893 | +30.8% |
| Trade debts | 44 | - | €665 | +€665 | |
| Suppliers | 440/4 | - | €665 | +€665 | |
| Taxes, remuneration and social security | 45 | €16,500 | €6,194 | -€10,306 | -62.5% |
| Taxes | 450/3 | €16,500 | €1,944 | -€14,556 | -88.2% |
| Remuneration and social security | 454/9 | - | €4,249 | +€4,249 | |
| Other amounts payable | 47/48 | €77,292 | €115,826 | +€38,534 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €1,892 | +€1,202 | +174% |
| Other operating charges | 640/8 | €764 | €708 | -€56 | -7.3% |
| Gross operating margin | 9900 | €174,999 | €184,849 | +€9,850 | +5.6% |
| Operating profit (loss) | 9901 | €173,545 | €182,249 | +€8,704 | +5.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,073 | €816 | -€257 | -23.9% |
| Recurring financial charges | 65 | €1,073 | €816 | -€257 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €172,472 | €181,432 | +€8,961 | +5.2% |
| Income taxes | 67/77 | €39,170 | €41,249 | +€2,079 | +5.3% |
| Profit (loss) for the period | 9904 | €133,302 | €140,184 | +€6,882 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €133,302 | €140,184 | +€6,882 | +5.2% |
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 29 October 2026 via checked.be.