HAPASTAN: 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.
HAPASTAN
Largest movements
- Tangible fixed assets +€19,674
up €19,674 (+20.8%), from €94,629 to €114,303
- Cash +€4,777
up €4,777 (+4.1%), from €117,089 to €121,866
mainly Net result for the year (+€27,774) and Trade debts (+€4,700)
- Reserves +€27,774
up €27,774 (+15.2%), from €182,510 to €210,284
of which Distributable reserves: +€27,774
- Tax, wage and social debts -€5,750
down €5,750 (-71.0%), from €8,099 to €2,349
- Trade debts +€4,700
up €4,700 (+125.7%), from €3,740 to €8,440
- Gross operating margin +€8,299
up €8,299 (+23.1%), from €35,980 to €44,279
- Depreciation -€1,298
down €1,298 (-37.0%), from €3,511 to €2,213
- Other operating charges -€835
down €835 (-17.6%), from €4,734 to €3,899
- Taxes +€749
up €749 (+7.8%), from €9,600 to €10,349
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 | €214,991 | €240,930 | +€25,939 | +12.1% |
| Fixed assets | 21/28 | €94,629 | €114,303 | +€19,674 | +20.8% |
| Tangible fixed assets | 22/27 | €94,629 | €114,303 | +€19,674 | +20.8% |
| Land and buildings | 22 | €94,629 | €114,303 | +€19,674 | +20.8% |
| Current assets | 29/58 | €120,362 | €126,627 | +€6,265 | +5.2% |
| Amounts receivable within one year | 40/41 | €0 | €1,056 | +€1,056 | |
| Trade receivables | 40 | - | €1,056 | +€1,056 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,089 | €121,866 | +€4,777 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,273 | €3,705 | +€432 | +13.2% |
| Total equity and liabilities | 10/49 | €214,991 | €240,930 | +€25,939 | +12.1% |
| Equity | 10/15 | €201,110 | €228,884 | +€27,774 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,510 | €210,284 | +€27,774 | +15.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €182,510 | €210,284 | +€27,774 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,881 | €12,046 | -€1,835 | -13.2% |
| Amounts payable within one year | 42/48 | €13,881 | €12,046 | -€1,835 | -13.2% |
| Trade debts | 44 | €3,740 | €8,440 | +€4,700 | +125.7% |
| Suppliers | 440/4 | €3,740 | €8,440 | +€4,700 | +125.7% |
| Taxes, remuneration and social security | 45 | €8,099 | €2,349 | -€5,750 | -71.0% |
| Taxes | 450/3 | €8,099 | €2,349 | -€5,750 | -71.0% |
| Other amounts payable | 47/48 | €2,042 | €1,257 | -€785 | -38.5% |
| Non-recurring operating income | 76A | - | €19,500 | +€19,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,511 | €2,213 | -€1,298 | -37.0% |
| Other operating charges | 640/8 | €4,734 | €3,899 | -€835 | -17.6% |
| Gross operating margin | 9900 | €35,980 | €44,279 | +€8,299 | +23.1% |
| Operating profit (loss) | 9901 | €27,735 | €38,167 | +€10,432 | +37.6% |
| Financial income | 75/76B | €177 | €0 | -€177 | -100.0% |
| Recurring financial income | 75 | €177 | €0 | -€177 | -100.0% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €27,873 | €38,124 | +€10,251 | +36.8% |
| Income taxes | 67/77 | €9,600 | €10,349 | +€749 | +7.8% |
| Profit (loss) for the period | 9904 | €18,273 | €27,774 | +€9,502 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,273 | €27,774 | +€9,502 | +52.0% |
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 6 October 2026 via checked.be.