Hap Hap: 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 Hap
Largest movements
- Deferred charges and accrued income +€61,254
up €61,254 (+7,518%), from €815 to €62,069
- Tangible fixed assets -€13,734
down €13,734 (-5.6%), from €246,534 to €232,799
of which Land and buildings: -€9,218
- Receivables within one year -€11,018
down €11,018 (-58.5%), from €18,824 to €7,806
- Short-term financial debts +€38,793
up €38,793 (+659%), from €5,890 to €44,683
- Other debts -€26,142
down €26,142 (-55.2%), from €47,348 to €21,206
- Reserves +€24,797
new in 2025: €24,797
- Trade debts -€9,629
down €9,629 (-69.6%), from €13,829 to €4,200
- Debts after one year +€9,357
up €9,357 (+6.1%), from €154,468 to €163,824
of which Advances received on contracts in progress: +€33,644
- Staff costs -€12,361
down €12,361 (-28.2%), from €43,785 to €31,423
- Gross operating margin +€5,695
up €5,695 (+7.4%), from €77,184 to €82,879
- Taxes +€5,457
new in 2025: €5,457
- Depreciation -€5,073
down €5,073 (-23.3%), from €21,808 to €16,734
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,799 | €315,301 | +€33,502 | +11.9% |
| Fixed assets | 21/28 | €261,785 | €245,051 | -€16,734 | -6.4% |
| Intangible fixed assets | 21 | €12,607 | €9,607 | -€3,000 | -23.8% |
| Tangible fixed assets | 22/27 | €246,534 | €232,799 | -€13,734 | -5.6% |
| Land and buildings | 22 | €231,510 | €222,292 | -€9,218 | -4.0% |
| Plant, machinery and equipment | 23 | €8,242 | €3,726 | -€4,516 | -54.8% |
| Leasing and similar rights | 25 | €6,782 | €6,782 | = | 0.0% |
| Financial fixed assets | 28 | €2,645 | €2,645 | = | 0.0% |
| Current assets | 29/58 | €20,014 | €70,250 | +€50,236 | +251% |
| Stocks and contracts in progress | 3 | €375 | €375 | = | 0.0% |
| Stocks | 30/36 | €375 | €375 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,824 | €7,806 | -€11,018 | -58.5% |
| Trade receivables | 40 | €18,824 | €7,806 | -€11,018 | -58.5% |
| Deferred charges and accrued income | 490/1 | €815 | €62,069 | +€61,254 | +7,518% |
| Total equity and liabilities | 10/49 | €281,799 | €315,301 | +€33,502 | +11.9% |
| Equity | 10/15 | €24,993 | €49,790 | +€24,797 | +99.2% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | - | €24,797 | +€24,797 | |
| Distributable reserves | 133 | - | €24,797 | +€24,797 | |
| Profit (loss) carried forward | 14 | €1,993 | €1,993 | = | 0.0% |
| Amounts payable | 17/49 | €256,806 | €265,511 | +€8,705 | +3.4% |
| Amounts payable after more than one year | 17 | €154,468 | €163,824 | +€9,357 | +6.1% |
| Financial debts | 170/4 | €154,468 | €130,180 | -€24,287 | -15.7% |
| Advances received on contracts in progress | 176 | - | €33,644 | +€33,644 | |
| Amounts payable within one year | 42/48 | €102,338 | €100,733 | -€1,605 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €20,434 | €22,017 | +€1,583 | +7.7% |
| Financial debts | 43 | €5,890 | €44,683 | +€38,793 | +659% |
| Credit institutions | 430/8 | €5,890 | €44,683 | +€38,793 | +659% |
| Trade debts | 44 | €13,829 | €4,200 | -€9,629 | -69.6% |
| Suppliers | 440/4 | €13,829 | €4,200 | -€9,629 | -69.6% |
| Taxes, remuneration and social security | 45 | €14,838 | €8,627 | -€6,210 | -41.9% |
| Taxes | 450/3 | €1,502 | €7,787 | +€6,284 | +418% |
| Remuneration and social security | 454/9 | €13,335 | €841 | -€12,495 | -93.7% |
| Other amounts payable | 47/48 | €47,348 | €21,206 | -€26,142 | -55.2% |
| Accrued charges and deferred income | 492/3 | - | €953 | +€953 | |
| Remuneration, social security and pensions | 62 | €43,785 | €31,423 | -€12,361 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,808 | €16,734 | -€5,073 | -23.3% |
| Other operating charges | 640/8 | €1,270 | €818 | -€452 | -35.6% |
| Gross operating margin | 9900 | €77,184 | €82,879 | +€5,695 | +7.4% |
| Operating profit (loss) | 9901 | €10,322 | €33,904 | +€23,581 | +228% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6,500% |
| Financial charges | 65/66B | €3,726 | €3,651 | -€75 | -2.0% |
| Recurring financial charges | 65 | €3,726 | €3,651 | -€75 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €6,597 | €30,254 | +€23,657 | +359% |
| Income taxes | 67/77 | - | €5,457 | +€5,457 | |
| Profit (loss) for the period | 9904 | €6,597 | €24,797 | +€18,200 | +276% |
| Profit (loss) for the period to be appropriated | 9905 | €6,597 | €24,797 | +€18,200 | +276% |
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 16 October 2026 via checked.be.