HAS-KA group: 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-KA group
Largest movements
- Tangible fixed assets -€9,575
down €9,575 (-22.4%), from €42,684 to €33,109
of which Furniture and vehicles: -€8,840
- Cash -€3,120
down €3,120 (-20.9%), from €14,907 to €11,787
mainly Debts after one year (-€9,962) and Other debts (-€4,024)
- Deferred charges and accrued income -€1,264
down €1,264 (-73.0%), from €1,730 to €466
- Debts after one year -€9,962
down €9,962 (-71.1%), from €14,021 to €4,059
- Tax, wage and social debts +€4,269
up €4,269 (+43.7%), from €9,762 to €14,031
- Other debts -€4,024
down €4,024 (-98.9%), from €4,069 to €45
- Accrued charges and deferred income -€2,500
down €2,500 (-100%), from €2,500 to €0
- Current portion of long-term debt -€2,348
down €2,348 (-19.1%), from €12,310 to €9,962
- Gross operating margin +€3,830
up €3,830 (+33.0%), from €11,593 to €15,423
- Depreciation +€2,912
up €2,912 (+43.7%), from €6,663 to €9,575
- Taxes +€1,253
up €1,253 (+60.9%), from €2,056 to €3,309
- Staff costs -€547
down €547 (-100%), from €547 to €0
- Financial charges +€247
up €247 (+20.0%), from €1,233 to €1,480
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 | €74,082 | €60,478 | -€13,604 | -18.4% |
| Fixed assets | 21/28 | €43,984 | €34,409 | -€9,575 | -21.8% |
| Tangible fixed assets | 22/27 | €42,684 | €33,109 | -€9,575 | -22.4% |
| Plant, machinery and equipment | 23 | €4,412 | €3,677 | -€735 | -16.7% |
| Furniture and vehicles | 24 | €38,272 | €29,432 | -€8,840 | -23.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €30,098 | €26,069 | -€4,029 | -13.4% |
| Stocks and contracts in progress | 3 | €9,850 | €9,512 | -€338 | -3.4% |
| Stocks | 30/36 | €9,850 | €9,512 | -€338 | -3.4% |
| Amounts receivable within one year | 40/41 | €3,611 | €4,304 | +€693 | +19.2% |
| Trade receivables | 40 | €3,374 | €4,127 | +€753 | +22.3% |
| Other amounts receivable | 41 | €237 | €177 | -€60 | -25.3% |
| Cash at bank and in hand | 54/58 | €14,907 | €11,787 | -€3,120 | -20.9% |
| Deferred charges and accrued income | 490/1 | €1,730 | €466 | -€1,264 | -73.0% |
| Total equity and liabilities | 10/49 | €74,082 | €60,478 | -€13,604 | -18.4% |
| Equity | 10/15 | €29,530 | €30,165 | +€635 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,430 | €2,065 | +€635 | +44.4% |
| Amounts payable | 17/49 | €44,552 | €30,313 | -€14,239 | -32.0% |
| Amounts payable after more than one year | 17 | €14,021 | €4,059 | -€9,962 | -71.1% |
| Financial debts | 170/4 | €14,021 | €4,059 | -€9,962 | -71.1% |
| Amounts payable within one year | 42/48 | €28,032 | €26,254 | -€1,777 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €12,310 | €9,962 | -€2,348 | -19.1% |
| Trade debts | 44 | €1,890 | €2,216 | +€326 | +17.2% |
| Suppliers | 440/4 | €1,890 | €2,216 | +€326 | +17.2% |
| Taxes, remuneration and social security | 45 | €9,762 | €14,031 | +€4,269 | +43.7% |
| Taxes | 450/3 | €9,762 | €14,031 | +€4,269 | +43.7% |
| Other amounts payable | 47/48 | €4,069 | €45 | -€4,024 | -98.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100% |
| Remuneration, social security and pensions | 62 | €547 | €0 | -€547 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,663 | €9,575 | +€2,912 | +43.7% |
| Other operating charges | 640/8 | €461 | €465 | +€4 | +1.0% |
| Gross operating margin | 9900 | €11,593 | €15,423 | +€3,830 | +33.0% |
| Operating profit (loss) | 9901 | €3,923 | €5,383 | +€1,460 | +37.2% |
| Financial income | 75/76B | €230 | €41 | -€189 | -82.1% |
| Recurring financial income | 75 | €230 | €41 | -€189 | -82.1% |
| Financial charges | 65/66B | €1,233 | €1,480 | +€247 | +20.0% |
| Recurring financial charges | 65 | €1,233 | €1,480 | +€247 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €2,920 | €3,944 | +€1,025 | +35.1% |
| Income taxes | 67/77 | €2,056 | €3,309 | +€1,253 | +60.9% |
| Profit (loss) for the period | 9904 | €863 | €635 | -€228 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €863 | €635 | -€228 | -26.4% |
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.