hapi: 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.
hapi
Largest movements
- Receivables within one year -€16,209
down €16,209 (-29.8%), from €54,469 to €38,260
of which Other amounts receivable: -€9,797
- Cash +€5,550
up €5,550, from €0 to €5,550
mainly Receivables within one year (+€16,209) and Contributions, distributions and other (+€12,400)
- Deferred charges and accrued income +€1,153
up €1,153 (+60.1%), from €1,920 to €3,073
- Tangible fixed assets -€1,041
down €1,041 (-11.7%), from €8,909 to €7,869
of which Land and buildings: -€1,068
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Other debts -€11,809
down €11,809 (-50.8%), from €23,245 to €11,437
- Tax, wage and social debts -€8,083
down €8,083 (-54.3%), from €14,897 to €6,813
of which Taxes: -€8,083
- Short-term financial debts -€6,915
down €6,915 (-100%), from €6,915 to €0
- Trade debts +€5,663
up €5,663 (+27.5%), from €20,625 to €26,289
- Gross operating margin -€2,253
down €2,253 (-13.1%), from €17,154 to €14,901
- Taxes +€1,188
up €1,188 (+12.7%), from €9,319 to €10,507
- Other operating charges +€870
up €870 (+57.1%), from €1,524 to €2,394
- Financial charges -€447
down €447 (-22.1%), from €2,021 to €1,573
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 | €78,798 | €68,251 | -€10,547 | -13.4% |
| Fixed assets | 21/28 | €8,909 | €7,869 | -€1,041 | -11.7% |
| Tangible fixed assets | 22/27 | €8,909 | €7,869 | -€1,041 | -11.7% |
| Land and buildings | 22 | €6,294 | €5,226 | -€1,068 | -17.0% |
| Furniture and vehicles | 24 | €2,615 | €2,643 | +€27 | +1.1% |
| Current assets | 29/58 | €69,889 | €60,383 | -€9,506 | -13.6% |
| Amounts receivable after more than one year | 29 | €13,500 | €13,500 | = | 0.0% |
| Other amounts receivable | 291 | €13,500 | €13,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,469 | €38,260 | -€16,209 | -29.8% |
| Trade receivables | 40 | €41,227 | €34,815 | -€6,412 | -15.6% |
| Other amounts receivable | 41 | €13,242 | €3,445 | -€9,797 | -74.0% |
| Cash at bank and in hand | 54/58 | €0 | €5,550 | +€5,550 | |
| Deferred charges and accrued income | 490/1 | €1,920 | €3,073 | +€1,153 | +60.1% |
| Total equity and liabilities | 10/49 | €78,798 | €68,251 | -€10,547 | -13.4% |
| Equity | 10/15 | €13,115 | €23,004 | +€9,888 | +75.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €6,915 | €6,915 | = | 0.0% |
| Distributable reserves | 133 | €6,915 | €6,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,512 | -€2,512 | |
| Amounts payable | 17/49 | €65,682 | €45,248 | -€20,435 | -31.1% |
| Amounts payable within one year | 42/48 | €65,682 | €44,538 | -€21,144 | -32.2% |
| Financial debts | 43 | €6,915 | €0 | -€6,915 | -100% |
| Credit institutions | 430/8 | €6,915 | €0 | -€6,915 | -100% |
| Trade debts | 44 | €20,625 | €26,289 | +€5,663 | +27.5% |
| Suppliers | 440/4 | €20,625 | €26,289 | +€5,663 | +27.5% |
| Taxes, remuneration and social security | 45 | €14,897 | €6,813 | -€8,083 | -54.3% |
| Taxes | 450/3 | €14,897 | €6,813 | -€8,083 | -54.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,245 | €11,437 | -€11,809 | -50.8% |
| Accrued charges and deferred income | 492/3 | €0 | €709 | +€709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €3,334 | +€107 | +3.3% |
| Other operating charges | 640/8 | €1,524 | €2,394 | +€870 | +57.1% |
| Gross operating margin | 9900 | €17,154 | €14,901 | -€2,253 | -13.1% |
| Operating profit (loss) | 9901 | €12,404 | €9,173 | -€3,231 | -26.0% |
| Financial income | 75/76B | €326 | €395 | +€69 | +21.1% |
| Recurring financial income | 75 | €326 | €395 | +€69 | +21.1% |
| Financial charges | 65/66B | €2,021 | €1,573 | -€447 | -22.1% |
| Recurring financial charges | 65 | €2,021 | €1,573 | -€447 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €10,709 | €7,995 | -€2,714 | -25.3% |
| Income taxes | 67/77 | €9,319 | €10,507 | +€1,188 | +12.7% |
| Profit (loss) for the period | 9904 | €1,391 | -€2,512 | -€3,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,391 | -€2,512 | -€3,902 |
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 20 October 2026 via checked.be.