HAPALOCHLAENA: 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.
HAPALOCHLAENA
Largest movements
- Cash -€69,489
down €69,489 (-34.4%), from €201,998 to €132,509
mainly Net result for the year (-€122,629) and Tax, wage and social debts (-€25,536)
- Receivables within one year -€12,294
down €12,294 (-10.1%), from €122,291 to €109,997
of which Trade receivables: -€15,000
- Reserves -€122,500
down €122,500 (-58.4%), from €209,860 to €87,360
of which Distributable reserves: -€122,500
- Trade debts +€67,460
up €67,460 (+88.1%), from €76,561 to €144,021
- Tax, wage and social debts -€25,536
down €25,536 (-81.1%), from €31,500 to €5,965
of which Taxes: -€31,500
- Gross operating margin -€172,271
down €172,271, from €93,823 to -€78,448
- Staff costs +€41,875
new in 2025: €41,875
- Taxes -€21,891
down €21,891 (-92.9%), from €23,565 to €1,674
- Financial income +€1,085
up €1,085 (+3616533.3%), from €0 to €1,085
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 | €324,289 | €243,720 | -€80,568 | -24.8% |
| Fixed assets | 21/28 | - | €1,215 | +€1,215 | |
| Tangible fixed assets | 22/27 | - | €1,215 | +€1,215 | |
| Plant, machinery and equipment | 23 | - | €1,215 | +€1,215 | |
| Current assets | 29/58 | €324,289 | €242,506 | -€81,783 | -25.2% |
| Amounts receivable within one year | 40/41 | €122,291 | €109,997 | -€12,294 | -10.1% |
| Trade receivables | 40 | €122,291 | €107,291 | -€15,000 | -12.3% |
| Other amounts receivable | 41 | - | €2,706 | +€2,706 | |
| Cash at bank and in hand | 54/58 | €201,998 | €132,509 | -€69,489 | -34.4% |
| Total equity and liabilities | 10/49 | €324,289 | €243,720 | -€80,568 | -24.8% |
| Equity | 10/15 | €216,227 | €93,598 | -€122,629 | -56.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €209,860 | €87,360 | -€122,500 | -58.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €208,000 | €85,500 | -€122,500 | -58.9% |
| Profit (loss) carried forward | 14 | €167 | €38 | -€129 | -77.4% |
| Amounts payable | 17/49 | €108,061 | €150,122 | +€42,061 | +38.9% |
| Amounts payable within one year | 42/48 | €108,061 | €150,122 | +€42,061 | +38.9% |
| Trade debts | 44 | €76,561 | €144,021 | +€67,460 | +88.1% |
| Suppliers | 440/4 | €76,561 | €144,021 | +€67,460 | +88.1% |
| Taxes, remuneration and social security | 45 | €31,500 | €5,965 | -€25,536 | -81.1% |
| Taxes | 450/3 | €31,500 | - | -€31,500 | |
| Remuneration and social security | 454/9 | - | €5,965 | +€5,965 | |
| Other amounts payable | 47/48 | - | €137 | +€137 | |
| Remuneration, social security and pensions | 62 | - | €41,875 | +€41,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €413 | +€205 | +98.4% |
| Other operating charges | 640/8 | €264 | €507 | +€243 | +92.2% |
| Gross operating margin | 9900 | €93,823 | -€78,448 | -€172,271 | |
| Operating profit (loss) | 9901 | €93,351 | -€121,244 | -€214,595 | |
| Financial income | 75/76B | €0 | €1,085 | +€1,085 | +3616533.3% |
| Recurring financial income | 75 | €0 | €1,085 | +€1,085 | +3616533.3% |
| Financial charges | 65/66B | €285 | €796 | +€511 | +179.7% |
| Recurring financial charges | 65 | €285 | €796 | +€511 | +179.7% |
| Profit (loss) for the period before taxes | 9903 | €93,066 | -€120,955 | -€214,021 | |
| Income taxes | 67/77 | €23,565 | €1,674 | -€21,891 | -92.9% |
| Profit (loss) for the period | 9904 | €69,501 | -€122,629 | -€192,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,501 | -€122,629 | -€192,130 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.