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HAPI HOME: 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.

What changed

HAPI HOME

BE 1003.661.968
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,733
2024 · €1,303-€4,036
Equity
€38,571
2024 · €41,303-€2,733
Cash
€3,439
2024 · €11,782-€8,343
Balance sheet total
€329,683
2024 · €356,201-€26,518

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€21,851

    down €21,851 (-6.4%), from €342,724 to €320,873

  • Cash -€8,343

    down €8,343 (-70.8%), from €11,782 to €3,439

    mainly Debts after one year (-€14,052) and Trade debts (-€10,735)

  • Receivables within one year +€3,676

    up €3,676 (+217.0%), from €1,694 to €5,370

Equity and liabilities
  • Debts after one year -€14,052

    down €14,052 (-5.9%), from €236,641 to €222,589

  • Trade debts -€10,735

    down €10,735 (-96.5%), from €11,129 to €394

Income statement
  • Turnover -€31,200

    no longer reported in 2025 (was €31,200)

  • Depreciation +€4,370

    up €4,370 (+25.0%), from €17,481 to €21,851

  • Purchases and services -€2,208

    no longer reported in 2025 (was €2,208)

  • Gross operating margin +€1,383

    up €1,383 (+4.8%), from €28,992 to €30,375

  • Financial charges +€1,068

    up €1,068 (+13.1%), from €8,165 to €9,233

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €1,303
Gross operating margin +€1,383
Depreciation -€4,370
Other operating charges +€20
Financial charges -€1,068
Result 2025 -€2,733

Cash bridge derived

cash 2024 to 2025

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.

From operations +€5,192
Investment €0
Financing -€13,535
Cash 2024 €11,782
Net result for the year -€2,733
Depreciation +€21,851
Receivables within one year -€3,676
Trade debts -€10,735
Tax, wage and social debts -€58
Other debts +€135
Accrued charges and deferred income +€408
Debts after one year -€14,052
Current portion of long-term debt +€517
Cash 2025 €3,439
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €356,201 €329,683 -€26,518 -7.4%
Fixed assets 21/28 €342,724 €320,873 -€21,851 -6.4%
Tangible fixed assets 22/27 €342,724 €320,873 -€21,851 -6.4%
Land and buildings 22 €342,724 €320,873 -€21,851 -6.4%
Current assets 29/58 €13,476 €8,810 -€4,667 -34.6%
Amounts receivable within one year 40/41 €1,694 €5,370 +€3,676 +217.0%
Trade receivables 40 €1,694 €5,370 +€3,676 +217.0%
Cash at bank and in hand 54/58 €11,782 €3,439 -€8,343 -70.8%
Total equity and liabilities 10/49 €356,201 €329,683 -€26,518 -7.4%
Equity 10/15 €41,303 €38,571 -€2,733 -6.6%
Contributions 10/11 €40,000 €40,000 = 0.0%
Profit (loss) carried forward 14 €1,303 -€1,429 -€2,733
Amounts payable 17/49 €314,897 €291,112 -€23,785 -7.6%
Amounts payable after more than one year 17 €236,641 €222,589 -€14,052 -5.9%
Financial debts 170/4 €236,641 €222,589 -€14,052 -5.9%
Amounts payable within one year 42/48 €78,256 €68,115 -€10,141 -13.0%
Current portion of amounts payable after more than one year 42 €13,535 €14,052 +€517 +3.8%
Trade debts 44 €11,129 €394 -€10,735 -96.5%
Suppliers 440/4 €11,129 €394 -€10,735 -96.5%
Taxes, remuneration and social security 45 €1,741 €1,683 -€58 -3.3%
Taxes 450/3 €1,741 €1,683 -€58 -3.3%
Other amounts payable 47/48 €51,850 €51,985 +€135 +0.3%
Accrued charges and deferred income 492/3 - €408 +€408
Turnover 70 €31,200 - -€31,200
Non-recurring operating income 76A €6,000 - -€6,000
Goods, raw materials, services and sundry goods 60/61 €2,208 - -€2,208
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €17,481 €21,851 +€4,370 +25.0%
Other operating charges 640/8 €2,043 €2,024 -€20 -1.0%
Gross operating margin 9900 €28,992 €30,375 +€1,383 +4.8%
Operating profit (loss) 9901 €9,468 €6,500 -€2,968 -31.3%
Financial charges 65/66B €8,165 €9,233 +€1,068 +13.1%
Recurring financial charges 65 €8,165 €9,233 +€1,068 +13.1%
Profit (loss) for the period before taxes 9903 €1,303 -€2,733 -€4,036
Profit (loss) for the period 9904 €1,303 -€2,733 -€4,036
Profit (loss) for the period to be appropriated 9905 €1,303 -€2,733 -€4,036

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 6 October 2026 via checked.be.