HAPER: 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.
HAPER
Largest movements
- Tangible fixed assets +€43,579
up €43,579 (+400.5%), from €10,880 to €54,459
of which Leasing and similar rights: +€41,268
- Receivables within one year +€5,237
up €5,237 (+5.9%), from €88,751 to €93,988
of which Trade receivables: +€20,518
- Debts after one year +€41,999
new in 2025: €41,999
- Other debts -€14,885
down €14,885 (-91.4%), from €16,287 to €1,402
- Tax, wage and social debts +€7,546
up €7,546 (+78.9%), from €9,563 to €17,108
of which Remuneration and social security: +€6,100
- Advances received +€6,700
up €6,700 (+35.9%), from €18,677 to €25,377
- Current portion of long-term debt +€3,591
up €3,591 (+45.8%), from €7,840 to €11,431
- Gross operating margin -€10,991
down €10,991 (-26.1%), from €42,052 to €31,061
- Financial charges +€7,718
up €7,718 (+453.8%), from €1,701 to €9,419
- Depreciation +€4,510
up €4,510 (+27.5%), from €16,424 to €20,933
- Taxes -€1,554
down €1,554 (-64.6%), from €2,408 to €853
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 | €100,267 | €149,206 | +€48,939 | +48.8% |
| Fixed assets | 21/28 | €11,330 | €54,909 | +€43,579 | +384.6% |
| Tangible fixed assets | 22/27 | €10,880 | €54,459 | +€43,579 | +400.5% |
| Plant, machinery and equipment | 23 | €162 | €10,377 | +€10,215 | +6303.9% |
| Furniture and vehicles | 24 | €10,718 | €2,815 | -€7,903 | -73.7% |
| Leasing and similar rights | 25 | - | €41,268 | +€41,268 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €88,937 | €94,297 | +€5,360 | +6.0% |
| Amounts receivable within one year | 40/41 | €88,751 | €93,988 | +€5,237 | +5.9% |
| Trade receivables | 40 | €16,541 | €37,059 | +€20,518 | +124.0% |
| Other amounts receivable | 41 | €72,210 | €56,930 | -€15,281 | -21.2% |
| Cash at bank and in hand | 54/58 | €186 | €276 | +€91 | +48.7% |
| Deferred charges and accrued income | 490/1 | - | €32 | +€32 | |
| Total equity and liabilities | 10/49 | €100,267 | €149,206 | +€48,939 | +48.8% |
| Equity | 10/15 | €46,305 | €48,470 | +€2,165 | +4.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,405 | €27,570 | +€2,165 | +8.5% |
| Amounts payable | 17/49 | €53,962 | €100,736 | +€46,774 | +86.7% |
| Amounts payable after more than one year | 17 | - | €41,999 | +€41,999 | |
| Financial debts | 170/4 | - | €41,999 | +€41,999 | |
| Amounts payable within one year | 42/48 | €53,962 | €58,737 | +€4,775 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €7,840 | €11,431 | +€3,591 | +45.8% |
| Financial debts | 43 | - | €599 | +€599 | |
| Credit institutions | 430/8 | - | €599 | +€599 | |
| Trade debts | 44 | €1,595 | €2,820 | +€1,225 | +76.8% |
| Suppliers | 440/4 | €1,595 | €2,820 | +€1,225 | +76.8% |
| Advances received on contracts in progress | 46 | €18,677 | €25,377 | +€6,700 | +35.9% |
| Taxes, remuneration and social security | 45 | €9,563 | €17,108 | +€7,546 | +78.9% |
| Taxes | 450/3 | €8,163 | €9,608 | +€1,446 | +17.7% |
| Remuneration and social security | 454/9 | €1,400 | €7,500 | +€6,100 | +435.7% |
| Other amounts payable | 47/48 | €16,287 | €1,402 | -€14,885 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,424 | €20,933 | +€4,510 | +27.5% |
| Other operating charges | 640/8 | €620 | €512 | -€108 | -17.4% |
| Non-recurring operating charges | 66A | €624 | €411 | -€212 | -34.0% |
| Gross operating margin | 9900 | €42,052 | €31,061 | -€10,991 | -26.1% |
| Operating profit (loss) | 9901 | €24,385 | €9,204 | -€15,181 | -62.3% |
| Financial income | 75/76B | €2,970 | €3,233 | +€263 | +8.9% |
| Recurring financial income | 75 | €2,970 | €3,233 | +€263 | +8.9% |
| Financial charges | 65/66B | €1,701 | €9,419 | +€7,718 | +453.8% |
| Recurring financial charges | 65 | €1,701 | €9,419 | +€7,718 | +453.8% |
| Profit (loss) for the period before taxes | 9903 | €25,653 | €3,018 | -€22,635 | -88.2% |
| Income taxes | 67/77 | €2,408 | €853 | -€1,554 | -64.6% |
| Profit (loss) for the period | 9904 | €23,246 | €2,165 | -€21,081 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,246 | €2,165 | -€21,081 | -90.7% |
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 2 October 2026 via checked.be.