HAPI-KINE: 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.
HAPI-KINE
Largest movements
- Receivables within one year -€11,497
down €11,497 (-44.8%), from €25,659 to €14,162
of which Trade receivables: -€7,049
- Cash +€7,285
up €7,285 (+23.3%), from €31,285 to €38,570
mainly Depreciation (+€11,542) and Receivables within one year (+€11,497)
- Tangible fixed assets -€4,498
down €4,498 (-14.0%), from €32,051 to €27,553
of which Furniture and vehicles: -€9,427
- Other debts -€10,469
down €10,469 (-84.3%), from €12,417 to €1,948
- Profit (loss) carried forward +€7,086
no longer reported in 2025 (was -€7,086)
- Debts after one year -€3,443
down €3,443 (-22.2%), from €15,541 to €12,098
- Tax, wage and social debts -€2,320
down €2,320 (-24.1%), from €9,644 to €7,324
of which Remuneration and social security: -€2,320
- Reserves +€1,254
up €1,254 (+3.7%), from €33,545 to €34,799
- Gross operating margin -€8,208
down €8,208 (-22.2%), from €36,900 to €28,692
- Taxes -€2,168
down €2,168 (-29.9%), from €7,245 to €5,077
- Financial charges -€1,401
down €1,401 (-39.8%), from €3,520 to €2,119
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 | €90,321 | €82,214 | -€8,107 | -9.0% |
| Fixed assets | 21/28 | €32,101 | €27,603 | -€4,498 | -14.0% |
| Tangible fixed assets | 22/27 | €32,051 | €27,553 | -€4,498 | -14.0% |
| Plant, machinery and equipment | 23 | €2,113 | €7,042 | +€4,929 | +233.3% |
| Furniture and vehicles | 24 | €29,938 | €20,511 | -€9,427 | -31.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €58,221 | €54,611 | -€3,609 | -6.2% |
| Amounts receivable within one year | 40/41 | €25,659 | €14,162 | -€11,497 | -44.8% |
| Trade receivables | 40 | €18,533 | €11,484 | -€7,049 | -38.0% |
| Other amounts receivable | 41 | €7,126 | €2,678 | -€4,448 | -62.4% |
| Cash at bank and in hand | 54/58 | €31,285 | €38,570 | +€7,285 | +23.3% |
| Deferred charges and accrued income | 490/1 | €1,276 | €1,879 | +€602 | +47.2% |
| Total equity and liabilities | 10/49 | €90,321 | €82,214 | -€8,107 | -9.0% |
| Equity | 10/15 | €46,863 | €55,204 | +€8,340 | +17.8% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €33,545 | €34,799 | +€1,254 | +3.7% |
| Distributable reserves | 133 | €33,545 | €34,799 | +€1,254 | +3.7% |
| Profit (loss) carried forward | 14 | -€7,086 | - | +€7,086 | |
| Amounts payable | 17/49 | €43,458 | €27,010 | -€16,448 | -37.8% |
| Amounts payable after more than one year | 17 | €15,541 | €12,098 | -€3,443 | -22.2% |
| Financial debts | 170/4 | €15,541 | €12,098 | -€3,443 | -22.2% |
| Amounts payable within one year | 42/48 | €27,917 | €14,913 | -€13,005 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €3,649 | €3,443 | -€206 | -5.6% |
| Trade debts | 44 | €2,207 | €2,198 | -€9 | -0.4% |
| Suppliers | 440/4 | €2,207 | €2,198 | -€9 | -0.4% |
| Taxes, remuneration and social security | 45 | €9,644 | €7,324 | -€2,320 | -24.1% |
| Taxes | 450/3 | €2,116 | €2,116 | = | 0.0% |
| Remuneration and social security | 454/9 | €7,528 | €5,208 | -€2,320 | -30.8% |
| Other amounts payable | 47/48 | €12,417 | €1,948 | -€10,469 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,252 | €11,542 | +€290 | +2.6% |
| Other operating charges | 640/8 | €1,285 | €1,614 | +€329 | +25.6% |
| Gross operating margin | 9900 | €36,900 | €28,692 | -€8,208 | -22.2% |
| Operating profit (loss) | 9901 | €24,364 | €15,536 | -€8,827 | -36.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,520 | €2,119 | -€1,401 | -39.8% |
| Recurring financial charges | 65 | €3,520 | €2,119 | -€1,401 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €20,843 | €13,417 | -€7,426 | -35.6% |
| Income taxes | 67/77 | €7,245 | €5,077 | -€2,168 | -29.9% |
| Profit (loss) for the period | 9904 | €13,598 | €8,340 | -€5,258 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,598 | €8,340 | -€5,258 | -38.7% |
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 30 September 2026 via checked.be.