Hapers: what changed
Two financial 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.
Hapers
Largest movements
- Cash -€57,811
down €57,811 (-83.6%), from €69,187 to €11,376
mainly Other debts (-€50,150) and Tax, wage and social debts (-€23,046)
- Tangible fixed assets -€16,837
down €16,837 (-23.3%), from €72,269 to €55,432
of which Furniture and vehicles: -€8,815
- Stocks and contracts +€13,697
new in 2025: €13,697
of which Contracts in progress: +€8,297
- Receivables within one year +€13,259
up €13,259 (+5.4%), from €245,305 to €258,564
of which Other amounts receivable: +€7,238
- Other debts -€50,150
no longer reported in 2025 (was €50,150)
- Tax, wage and social debts -€23,046
no longer reported in 2025 (was €23,046)
- Trade debts +€12,415
up €12,415 (+22.7%), from €54,626 to €67,041
- Short-term financial debts +€8,413
new in 2025: €8,413
- Current portion of long-term debt +€8,277
up €8,277 (+148%), from €5,588 to €13,865
- Gross operating margin -€99,832
down €99,832 (-77.4%), from €128,959 to €29,127
- Taxes -€18,493
down €18,493 (-85.4%), from €21,652 to €3,159
- Other operating charges +€2,498
up €2,498 (+612%), from €408 to €2,906
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.
Derived cash bridge
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 | €391,511 | €343,607 | -€47,904 | -12.2% |
| Fixed assets | 21/28 | €76,469 | €59,632 | -€16,837 | -22.0% |
| Tangible fixed assets | 22/27 | €72,269 | €55,432 | -€16,837 | -23.3% |
| Plant, machinery and equipment | 23 | €8,614 | €6,272 | -€2,342 | -27.2% |
| Furniture and vehicles | 24 | €35,056 | €26,241 | -€8,815 | -25.1% |
| Leasing and similar rights | 25 | €27,500 | €22,000 | -€5,500 | -20.0% |
| Other tangible fixed assets | 26 | €1,099 | €919 | -€180 | -16.4% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €315,042 | €283,975 | -€31,067 | -9.9% |
| Stocks and contracts in progress | 3 | - | €13,697 | +€13,697 | |
| Stocks | 30/36 | - | €5,400 | +€5,400 | |
| Contracts in progress | 37 | - | €8,297 | +€8,297 | |
| Amounts receivable within one year | 40/41 | €245,305 | €258,564 | +€13,259 | +5.4% |
| Trade receivables | 40 | €46,973 | €52,994 | +€6,021 | +12.8% |
| Other amounts receivable | 41 | €198,332 | €205,570 | +€7,238 | +3.6% |
| Cash at bank and in hand | 54/58 | €69,187 | €11,376 | -€57,811 | -83.6% |
| Deferred charges and accrued income | 490/1 | €550 | €338 | -€212 | -38.5% |
| Total equity and liabilities | 10/49 | €391,511 | €343,607 | -€47,904 | -12.2% |
| Equity | 10/15 | €233,468 | €235,592 | +€2,124 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,008 | €215,132 | +€2,124 | +1.0% |
| Amounts payable | 17/49 | €158,043 | €108,015 | -€50,028 | -31.7% |
| Amounts payable after more than one year | 17 | €24,633 | €18,696 | -€5,937 | -24.1% |
| Financial debts | 170/4 | €24,633 | €18,696 | -€5,937 | -24.1% |
| Amounts payable within one year | 42/48 | €133,410 | €89,319 | -€44,091 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €5,588 | €13,865 | +€8,277 | +148% |
| Financial debts | 43 | - | €8,413 | +€8,413 | |
| Credit institutions | 430/8 | - | €8,413 | +€8,413 | |
| Trade debts | 44 | €54,626 | €67,041 | +€12,415 | +22.7% |
| Suppliers | 440/4 | €54,626 | €67,041 | +€12,415 | +22.7% |
| Taxes, remuneration and social security | 45 | €23,046 | - | -€23,046 | |
| Taxes | 450/3 | €23,046 | - | -€23,046 | |
| Other amounts payable | 47/48 | €50,150 | - | -€50,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,151 | €19,207 | -€944 | -4.7% |
| Other operating charges | 640/8 | €408 | €2,906 | +€2,498 | +612% |
| Non-recurring operating charges | 66A | €2,327 | - | -€2,327 | |
| Gross operating margin | 9900 | €128,959 | €29,127 | -€99,832 | -77.4% |
| Operating profit (loss) | 9901 | €106,073 | €7,014 | -€99,059 | -93.4% |
| Financial income | 75/76B | €3,548 | €2,721 | -€827 | -23.3% |
| Recurring financial income | 75 | €3,548 | €2,721 | -€827 | -23.3% |
| Financial charges | 65/66B | €4,809 | €4,452 | -€357 | -7.4% |
| Recurring financial charges | 65 | €4,809 | €4,452 | -€357 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €104,812 | €5,283 | -€99,529 | -95.0% |
| Income taxes | 67/77 | €21,652 | €3,159 | -€18,493 | -85.4% |
| Profit (loss) for the period | 9904 | €83,160 | €2,124 | -€81,036 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,160 | €2,124 | -€81,036 | -97.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.