Has-Erbouw: 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.
Has-Erbouw
Largest movements
- Receivables within one year +€22,078
up €22,078 (+143%), from €15,452 to €37,530
of which Trade receivables: +€21,248
- Cash +€9,407
up €9,407 (+111%), from €8,508 to €17,915
mainly Trade debts (+€18,532) and Depreciation (+€7,623)
- Tangible fixed assets -€6,605
down €6,605 (-31.6%), from €20,901 to €14,296
of which Furniture and vehicles: -€5,681
- Trade debts +€18,532
up €18,532 (+502%), from €3,688 to €22,220
- Tax, wage and social debts +€3,355
up €3,355 (+181%), from €1,854 to €5,209
of which Taxes: +€2,313
- Reserves +€2,439
up €2,439 (+4.2%), from €58,098 to €60,537
of which Distributable reserves: +€2,439
- Taxes +€21,053
up €21,053, from -€18,637 to €2,417
- Gross operating margin -€3,937
down €3,937 (-21.1%), from €18,652 to €14,715
- Depreciation -€905
down €905 (-10.6%), from €8,529 to €7,623
- Other operating charges +€434
up €434 (+27.6%), from €1,570 to €2,004
- Financial income -€202
down €202 (-100.0%), from €202 to €0
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 | €45,479 | €70,381 | +€24,901 | +54.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €20,901 | €14,296 | -€6,605 | -31.6% |
| Tangible fixed assets | 22/27 | €20,901 | €14,296 | -€6,605 | -31.6% |
| Plant, machinery and equipment | 23 | €4,203 | €3,419 | -€784 | -18.6% |
| Furniture and vehicles | 24 | €16,347 | €10,666 | -€5,681 | -34.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €350 | €210 | -€140 | -39.9% |
| Current assets | 29/58 | €24,579 | €56,085 | +€31,506 | +128% |
| Amounts receivable within one year | 40/41 | €15,452 | €37,530 | +€22,078 | +143% |
| Trade receivables | 40 | €13,313 | €34,561 | +€21,248 | +160% |
| Other amounts receivable | 41 | €2,138 | €2,969 | +€830 | +38.8% |
| Cash at bank and in hand | 54/58 | €8,508 | €17,915 | +€9,407 | +111% |
| Deferred charges and accrued income | 490/1 | €619 | €639 | +€20 | +3.3% |
| Total equity and liabilities | 10/49 | €45,479 | €70,381 | +€24,901 | +54.8% |
| Equity | 10/15 | €36,151 | €38,591 | +€2,439 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,098 | €60,537 | +€2,439 | +4.2% |
| 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 | €56,238 | €58,677 | +€2,439 | +4.3% |
| Profit (loss) carried forward | 14 | -€40,547 | -€40,547 | = | 0.0% |
| Amounts payable | 17/49 | €9,328 | €31,790 | +€22,462 | +241% |
| Amounts payable within one year | 42/48 | €9,328 | €31,790 | +€22,462 | +241% |
| Trade debts | 44 | €3,688 | €22,220 | +€18,532 | +502% |
| Suppliers | 440/4 | €3,688 | €22,220 | +€18,532 | +502% |
| Taxes, remuneration and social security | 45 | €1,854 | €5,209 | +€3,355 | +181% |
| Taxes | 450/3 | €1,854 | €4,167 | +€2,313 | +125% |
| Remuneration and social security | 454/9 | - | €1,042 | +€1,042 | |
| Other amounts payable | 47/48 | €3,786 | €4,361 | +€575 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,529 | €7,623 | -€905 | -10.6% |
| Other operating charges | 640/8 | €1,570 | €2,004 | +€434 | +27.6% |
| Gross operating margin | 9900 | €18,652 | €14,715 | -€3,937 | -21.1% |
| Operating profit (loss) | 9901 | €8,554 | €5,088 | -€3,465 | -40.5% |
| Financial income | 75/76B | €202 | €0 | -€202 | -100.0% |
| Recurring financial income | 75 | €202 | €0 | -€202 | -100.0% |
| Financial charges | 65/66B | €115 | €232 | +€117 | +102% |
| Recurring financial charges | 65 | €115 | €232 | +€117 | +102% |
| Profit (loss) for the period before taxes | 9903 | €8,640 | €4,856 | -€3,784 | -43.8% |
| Income taxes | 67/77 | -€18,637 | €2,417 | +€21,053 | |
| Profit (loss) for the period | 9904 | €27,277 | €2,439 | -€24,837 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,277 | €2,439 | -€24,837 | -91.1% |
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 29 October 2026 via checked.be.