HAPOLY: 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.
HAPOLY
Largest movements
- Cash +€1,375
up €1,375 (+5.8%), from €23,595 to €24,970
mainly Trade debts (+€2,005) and Net result for the year (+€1,716)
- Receivables within one year +€1,034
up €1,034 (+17.2%), from €6,002 to €7,036
- Tangible fixed assets +€442
new in 2025: €442
- Trade debts +€2,005
new in 2025: €2,005
- Profit (loss) carried forward +€1,331
no longer reported in 2025 (was -€1,331)
- Accrued charges and deferred income -€988
no longer reported in 2025 (was €988)
- Reserves +€385
up €385 (+6.1%), from €6,299 to €6,684
of which Distributable reserves: +€385
- Gross operating margin +€3,946
up €3,946, from -€394 to €3,552
- Taxes +€948
up €948 (+680%), from €139 to €1,087
- Depreciation -€60
down €60 (-29.2%), from €204 to €144
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 | €29,597 | €32,448 | +€2,850 | +9.6% |
| Fixed assets | 21/28 | - | €442 | +€442 | |
| Tangible fixed assets | 22/27 | - | €442 | +€442 | |
| Furniture and vehicles | 24 | - | €442 | +€442 | |
| Current assets | 29/58 | €29,597 | €32,006 | +€2,408 | +8.1% |
| Amounts receivable within one year | 40/41 | €6,002 | €7,036 | +€1,034 | +17.2% |
| Trade receivables | 40 | €6,002 | €7,036 | +€1,034 | +17.2% |
| Cash at bank and in hand | 54/58 | €23,595 | €24,970 | +€1,375 | +5.8% |
| Total equity and liabilities | 10/49 | €29,597 | €32,448 | +€2,850 | +9.6% |
| Equity | 10/15 | €23,568 | €25,284 | +€1,716 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,299 | €6,684 | +€385 | +6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,439 | €4,824 | +€385 | +8.7% |
| Profit (loss) carried forward | 14 | -€1,331 | - | +€1,331 | |
| Amounts payable | 17/49 | €6,029 | €7,164 | +€1,135 | +18.8% |
| Amounts payable within one year | 42/48 | €5,041 | €7,164 | +€2,123 | +42.1% |
| Trade debts | 44 | - | €2,005 | +€2,005 | |
| Suppliers | 440/4 | - | €2,005 | +€2,005 | |
| Taxes, remuneration and social security | 45 | €4,117 | €4,235 | +€118 | +2.9% |
| Taxes | 450/3 | €2,317 | €2,435 | +€118 | +5.1% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €924 | €924 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €988 | - | -€988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €144 | -€60 | -29.2% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | -€394 | €3,552 | +€3,946 | |
| Operating profit (loss) | 9901 | -€1,133 | €2,858 | +€3,991 | |
| Financial charges | 65/66B | €59 | €55 | -€3 | -5.3% |
| Recurring financial charges | 65 | €59 | €55 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,191 | €2,803 | +€3,994 | |
| Income taxes | 67/77 | €139 | €1,087 | +€948 | +680% |
| Profit (loss) for the period | 9904 | -€1,331 | €1,716 | +€3,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,331 | €1,716 | +€3,046 |
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.