HAP De Zilverberg: 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 De Zilverberg
Largest movements
- Tangible fixed assets +€277,839
up €277,839 (+39.2%), from €708,172 to €986,011
of which Land and buildings: +€278,208
- Other debts +€210,579
up €210,579 (+143.0%), from €147,292 to €357,871
- Debts after one year +€155,952
up €155,952 (+20.2%), from €770,168 to €926,120
- Profit (loss) carried forward -€97,136
down €97,136 (-40.1%), from -€242,077 to -€339,213
- Current portion of long-term debt +€36,767
new in 2025: €36,767
- Trade debts -€32,224
down €32,224 (-97.7%), from €32,970 to €746
- Depreciation -€88,868
down €88,868 (-46.5%), from €191,102 to €102,234
- Gross operating margin +€48,296
up €48,296, from -€7,305 to €40,990
- Financial charges -€6,928
down €6,928 (-16.2%), from €42,695 to €35,766
- Other operating charges -€2,711
down €2,711 (-95.6%), from €2,837 to €126
- Financial income -€1,861
no longer reported in 2025 (was €1,861)
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 | €712,560 | €986,971 | +€274,411 | +38.5% |
| Fixed assets | 21/28 | €708,172 | €986,011 | +€277,839 | +39.2% |
| Tangible fixed assets | 22/27 | €708,172 | €986,011 | +€277,839 | +39.2% |
| Land and buildings | 22 | €706,348 | €984,556 | +€278,208 | +39.4% |
| Plant, machinery and equipment | 23 | €1,823 | €1,455 | -€368 | -20.2% |
| Current assets | 29/58 | €4,388 | €960 | -€3,429 | -78.1% |
| Cash at bank and in hand | 54/58 | €2,901 | €358 | -€2,543 | -87.7% |
| Deferred charges and accrued income | 490/1 | €1,487 | €602 | -€885 | -59.5% |
| Total equity and liabilities | 10/49 | €712,560 | €986,971 | +€274,411 | +38.5% |
| Equity | 10/15 | -€240,077 | -€337,213 | -€97,136 | -40.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,077 | -€339,213 | -€97,136 | -40.1% |
| Amounts payable | 17/49 | €952,637 | €1,324,183 | +€371,546 | +39.0% |
| Amounts payable after more than one year | 17 | €770,168 | €926,120 | +€155,952 | +20.2% |
| Financial debts | 170/4 | €770,168 | €926,120 | +€155,952 | +20.2% |
| Amounts payable within one year | 42/48 | €180,262 | €395,384 | +€215,122 | +119.3% |
| Current portion of amounts payable after more than one year | 42 | - | €36,767 | +€36,767 | |
| Trade debts | 44 | €32,970 | €746 | -€32,224 | -97.7% |
| Suppliers | 440/4 | €32,970 | €746 | -€32,224 | -97.7% |
| Other amounts payable | 47/48 | €147,292 | €357,871 | +€210,579 | +143.0% |
| Accrued charges and deferred income | 492/3 | €2,207 | €2,679 | +€472 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,102 | €102,234 | -€88,868 | -46.5% |
| Other operating charges | 640/8 | €2,837 | €126 | -€2,711 | -95.6% |
| Gross operating margin | 9900 | -€7,305 | €40,990 | +€48,296 | |
| Operating profit (loss) | 9901 | -€201,244 | -€61,369 | +€139,874 | +69.5% |
| Financial income | 75/76B | €1,861 | - | -€1,861 | |
| Recurring financial income | 75 | €1,861 | - | -€1,861 | |
| Financial charges | 65/66B | €42,695 | €35,766 | -€6,928 | -16.2% |
| Recurring financial charges | 65 | €42,695 | €35,766 | -€6,928 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€242,077 | -€97,136 | +€144,941 | +59.9% |
| Profit (loss) for the period | 9904 | -€242,077 | -€97,136 | +€144,941 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€242,077 | -€97,136 | +€144,941 | +59.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.