HAP DE KOORNBLOEM: 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.
HAP DE KOORNBLOEM
Largest movements
- Cash -€148,371
down €148,371 (-91.9%), from €161,366 to €12,996
mainly Investment in fixed assets (net) (-€170,689) and Net result for the year (-€25,214)
- Tangible fixed assets +€107,715
up €107,715 (+19.1%), from €565,205 to €672,920
- Profit (loss) carried forward -€25,214
down €25,214 (-42.9%), from -€58,805 to -€84,020
- Debts after one year -€16,736
down €16,736 (-4.1%), from €408,363 to €391,627
- Depreciation -€29,692
down €29,692 (-32.0%), from €92,666 to €62,974
- Gross operating margin +€10,310
up €10,310 (+22.1%), from €46,623 to €56,934
- Financial charges +€5,142
up €5,142 (+58.8%), from €8,738 to €13,880
- Financial income -€701
down €701 (-72.6%), from €965 to €264
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 | €735,829 | €699,131 | -€36,698 | -5.0% |
| Fixed assets | 21/28 | €565,205 | €672,920 | +€107,715 | +19.1% |
| Tangible fixed assets | 22/27 | €565,205 | €672,920 | +€107,715 | +19.1% |
| Land and buildings | 22 | €565,205 | €672,920 | +€107,715 | +19.1% |
| Current assets | 29/58 | €170,624 | €26,211 | -€144,413 | -84.6% |
| Amounts receivable within one year | 40/41 | €8,650 | €12,803 | +€4,153 | +48.0% |
| Trade receivables | 40 | €662 | - | -€662 | |
| Other amounts receivable | 41 | €7,988 | €12,803 | +€4,815 | +60.3% |
| Cash at bank and in hand | 54/58 | €161,366 | €12,996 | -€148,371 | -91.9% |
| Deferred charges and accrued income | 490/1 | €607 | €412 | -€195 | -32.1% |
| Total equity and liabilities | 10/49 | €735,829 | €699,131 | -€36,698 | -5.0% |
| Equity | 10/15 | €262,869 | €237,655 | -€25,214 | -9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €315,474 | €315,474 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,006 | €49,006 | = | 0.0% |
| Distributable reserves | 133 | €266,469 | €266,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,805 | -€84,020 | -€25,214 | -42.9% |
| Amounts payable | 17/49 | €472,960 | €461,476 | -€11,484 | -2.4% |
| Amounts payable after more than one year | 17 | €408,363 | €391,627 | -€16,736 | -4.1% |
| Financial debts | 170/4 | €408,363 | €391,627 | -€16,736 | -4.1% |
| Amounts payable within one year | 42/48 | €64,588 | €69,849 | +€5,261 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €42,236 | €45,935 | +€3,700 | +8.8% |
| Financial debts | 43 | €2,535 | €1,683 | -€853 | -33.6% |
| Credit institutions | 430/8 | €2,535 | €1,683 | -€853 | -33.6% |
| Trade debts | 44 | - | €157 | +€157 | |
| Suppliers | 440/4 | - | €157 | +€157 | |
| Advances received on contracts in progress | 46 | €19,503 | €19,503 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64 | €315 | +€251 | +391.6% |
| Taxes | 450/3 | €64 | €315 | +€251 | +391.6% |
| Other amounts payable | 47/48 | €250 | €2,256 | +€2,007 | +803.2% |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,666 | €62,974 | -€29,692 | -32.0% |
| Other operating charges | 640/8 | €4,989 | €5,558 | +€569 | +11.4% |
| Gross operating margin | 9900 | €46,623 | €56,934 | +€10,310 | +22.1% |
| Operating profit (loss) | 9901 | -€51,032 | -€11,599 | +€39,433 | +77.3% |
| Financial income | 75/76B | €965 | €264 | -€701 | -72.6% |
| Recurring financial income | 75 | €965 | €264 | -€701 | -72.6% |
| Financial charges | 65/66B | €8,738 | €13,880 | +€5,142 | +58.8% |
| Recurring financial charges | 65 | €8,738 | €13,880 | +€5,142 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | -€58,805 | -€25,214 | +€33,591 | +57.1% |
| Profit (loss) for the period | 9904 | -€58,805 | -€25,214 | +€33,591 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,805 | -€25,214 | +€33,591 | +57.1% |
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 7 October 2026 via checked.be.