HAPATTA: 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.
HAPATTA
Largest movements
- Cash -€148,615
down €148,615 (-52.9%), from €280,889 to €132,274
mainly Contributions, distributions and other (-€267,145) and Deferred charges and accrued income (-€69,902)
- Deferred charges and accrued income +€69,902
up €69,902 (+106.5%), from €65,607 to €135,509
- Current investments +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Receivables within one year +€29,850
up €29,850 (+160.3%), from €18,625 to €48,475
of which Other amounts receivable: +€31,977
- Tangible fixed assets -€10,891
down €10,891 (-45.5%), from €23,947 to €13,056
of which Furniture and vehicles: -€16,190
- Other debts +€160,228
up €160,228 (+9326.4%), from €1,718 to €161,946
- Reserves -€149,806
down €149,806 (-18.9%), from €791,436 to €641,630
- Current portion of long-term debt -€11,912
down €11,912 (-91.6%), from €13,004 to €1,092
- Tax, wage and social debts -€10,092
down €10,092 (-39.9%), from €25,262 to €15,170
of which Taxes: -€9,947
- Gross operating margin -€102,229
down €102,229 (-36.2%), from €282,282 to €180,052
- Taxes -€29,165
down €29,165 (-34.2%), from €85,381 to €56,215
- Financial income +€13,365
up €13,365 (+1251.4%), from €1,068 to €14,433
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 | €839,067 | €829,313 | -€9,754 | -1.2% |
| Fixed assets | 21/28 | €23,947 | €13,056 | -€10,891 | -45.5% |
| Tangible fixed assets | 22/27 | €23,947 | €13,056 | -€10,891 | -45.5% |
| Plant, machinery and equipment | 23 | - | €5,299 | +€5,299 | |
| Furniture and vehicles | 24 | €23,947 | €7,757 | -€16,190 | -67.6% |
| Current assets | 29/58 | €815,120 | €816,257 | +€1,137 | +0.1% |
| Amounts receivable within one year | 40/41 | €18,625 | €48,475 | +€29,850 | +160.3% |
| Trade receivables | 40 | €2,127 | €0 | -€2,127 | -100.0% |
| Other amounts receivable | 41 | €16,497 | €48,475 | +€31,977 | +193.8% |
| Current investments | 50/53 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €280,889 | €132,274 | -€148,615 | -52.9% |
| Deferred charges and accrued income | 490/1 | €65,607 | €135,509 | +€69,902 | +106.5% |
| Total equity and liabilities | 10/49 | €839,067 | €829,313 | -€9,754 | -1.2% |
| Equity | 10/15 | €797,636 | €647,830 | -€149,806 | -18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €791,436 | €641,630 | -€149,806 | -18.9% |
| Distributable reserves | 133 | €791,436 | €641,630 | -€149,806 | -18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,431 | €181,483 | +€140,052 | +338.0% |
| Amounts payable after more than one year | 17 | €1,092 | €0 | -€1,092 | -100.0% |
| Financial debts | 170/4 | €1,092 | €0 | -€1,092 | -100.0% |
| Amounts payable within one year | 42/48 | €40,339 | €181,483 | +€141,144 | +349.9% |
| Current portion of amounts payable after more than one year | 42 | €13,004 | €1,092 | -€11,912 | -91.6% |
| Trade debts | 44 | €355 | €3,276 | +€2,920 | +821.6% |
| Suppliers | 440/4 | €355 | €3,276 | +€2,920 | +821.6% |
| Taxes, remuneration and social security | 45 | €25,262 | €15,170 | -€10,092 | -39.9% |
| Taxes | 450/3 | €20,927 | €10,980 | -€9,947 | -47.5% |
| Remuneration and social security | 454/9 | €4,334 | €4,190 | -€145 | -3.3% |
| Other amounts payable | 47/48 | €1,718 | €161,946 | +€160,228 | +9326.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,776 | €18,141 | +€365 | +2.1% |
| Other operating charges | 640/8 | €2,423 | €2,513 | +€90 | +3.7% |
| Gross operating margin | 9900 | €282,282 | €180,052 | -€102,229 | -36.2% |
| Operating profit (loss) | 9901 | €262,083 | €159,399 | -€102,684 | -39.2% |
| Financial income | 75/76B | €1,068 | €14,433 | +€13,365 | +1251.4% |
| Recurring financial income | 75 | €1,068 | €14,433 | +€13,365 | +1251.4% |
| Financial charges | 65/66B | €434 | €277 | -€157 | -36.2% |
| Recurring financial charges | 65 | €434 | €277 | -€157 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €262,718 | €173,555 | -€89,163 | -33.9% |
| Income taxes | 67/77 | €85,381 | €56,215 | -€29,165 | -34.2% |
| Profit (loss) for the period | 9904 | €177,337 | €117,340 | -€59,997 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €177,337 | €117,340 | -€59,997 | -33.8% |
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 29 September 2026 via checked.be.