HAP Muizen: 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 Muizen
Largest movements
- Cash -€13,237
down €13,237 (-58.7%), from €22,546 to €9,309
mainly Other debts (-€102,600) and Deferred charges and accrued income (-€8,793)
- Tangible fixed assets -€10,385
down €10,385 (-9.3%), from €112,261 to €101,876
of which Land and buildings: -€8,495
- Deferred charges and accrued income +€8,793
up €8,793 (+4951.2%), from €178 to €8,971
- Other debts -€102,600
down €102,600 (-99.8%), from €102,781 to €181
- Trade debts +€87,688
up €87,688 (+344.8%), from €25,435 to €113,122
- Staff costs +€2,092
up €2,092 (+9.9%), from €21,225 to €23,317
- Gross operating margin +€1,854
up €1,854 (+4.9%), from €37,480 to €39,334
- Depreciation +€1,315
up €1,315 (+9.7%), from €13,532 to €14,847
- Other operating charges -€1,093
down €1,093 (-66.5%), from €1,643 to €550
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 | €134,984 | €120,155 | -€14,829 | -11.0% |
| Fixed assets | 21/28 | €112,261 | €101,876 | -€10,385 | -9.3% |
| Tangible fixed assets | 22/27 | €112,261 | €101,876 | -€10,385 | -9.3% |
| Land and buildings | 22 | €76,393 | €67,897 | -€8,495 | -11.1% |
| Plant, machinery and equipment | 23 | €6,393 | €8,634 | +€2,242 | +35.1% |
| Furniture and vehicles | 24 | €29,476 | €25,344 | -€4,131 | -14.0% |
| Current assets | 29/58 | €22,723 | €18,279 | -€4,444 | -19.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €22,546 | €9,309 | -€13,237 | -58.7% |
| Deferred charges and accrued income | 490/1 | €178 | €8,971 | +€8,793 | +4951.2% |
| Total equity and liabilities | 10/49 | €134,984 | €120,155 | -€14,829 | -11.0% |
| Equity | 10/15 | €2,802 | €2,813 | +€11 | +0.4% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €402 | €413 | +€11 | +2.7% |
| Amounts payable | 17/49 | €132,183 | €117,343 | -€14,840 | -11.2% |
| Amounts payable within one year | 42/48 | €132,183 | €116,777 | -€15,405 | -11.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €25,435 | €113,122 | +€87,688 | +344.8% |
| Suppliers | 440/4 | €25,435 | €113,122 | +€87,688 | +344.8% |
| Taxes, remuneration and social security | 45 | €3,967 | €3,474 | -€493 | -12.4% |
| Taxes | 450/3 | €1,171 | €240 | -€932 | -79.5% |
| Remuneration and social security | 454/9 | €2,796 | €3,234 | +€438 | +15.7% |
| Other amounts payable | 47/48 | €102,781 | €181 | -€102,600 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €565 | +€565 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €21,225 | €23,317 | +€2,092 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,532 | €14,847 | +€1,315 | +9.7% |
| Other operating charges | 640/8 | €1,643 | €550 | -€1,093 | -66.5% |
| Non-recurring operating charges | 66A | - | €57 | +€57 | |
| Gross operating margin | 9900 | €37,480 | €39,334 | +€1,854 | +4.9% |
| Operating profit (loss) | 9901 | €1,082 | €564 | -€518 | -47.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €82 | €63 | -€19 | -22.8% |
| Recurring financial charges | 65 | €82 | €63 | -€19 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €1,000 | €501 | -€499 | -49.9% |
| Income taxes | 67/77 | €598 | €490 | -€109 | -18.2% |
| Profit (loss) for the period | 9904 | €402 | €11 | -€391 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €402 | €11 | -€391 | -97.3% |
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 1 October 2026 via checked.be.