Hasaluth: 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.
Hasaluth
Largest movements
- Cash -€12,674
down €12,674 (-11.2%), from €113,135 to €100,461
mainly Contributions, distributions and other (-€152,000) and Deferred charges and accrued income (-€2,252)
- Reserves -€91,412
down €91,412 (-60.1%), from €152,154 to €60,742
- Other debts +€65,946
up €65,946 (+116.5%), from €56,590 to €122,537
- Tax, wage and social debts +€9,722
up €9,722 (+197.3%), from €4,927 to €14,649
- Trade debts +€2,550
up €2,550 (+246.8%), from €1,033 to €3,583
- Gross operating margin -€9,983
down €9,983 (-10.1%), from €99,290 to €89,307
- Taxes -€2,035
down €2,035 (-8.6%), from €23,789 to €21,754
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 | €233,817 | €220,824 | -€12,993 | -5.6% |
| Fixed assets | 21/28 | €96,524 | €95,954 | -€570 | -0.6% |
| Tangible fixed assets | 22/27 | €1,818 | €1,248 | -€570 | -31.4% |
| Furniture and vehicles | 24 | €985 | €561 | -€424 | -43.0% |
| Other tangible fixed assets | 26 | €833 | €687 | -€146 | -17.6% |
| Financial fixed assets | 28 | €94,706 | €94,706 | = | 0.0% |
| Current assets | 29/58 | €137,293 | €124,870 | -€12,422 | -9.0% |
| Stocks and contracts in progress | 3 | €4,839 | €4,839 | = | 0.0% |
| Stocks | 30/36 | €4,839 | €4,839 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,837 | €15,836 | -€2,001 | -11.2% |
| Trade receivables | 40 | €15,651 | €15,651 | = | 0.0% |
| Other amounts receivable | 41 | €2,186 | €185 | -€2,001 | -91.5% |
| Cash at bank and in hand | 54/58 | €113,135 | €100,461 | -€12,674 | -11.2% |
| Deferred charges and accrued income | 490/1 | €1,482 | €3,735 | +€2,252 | +151.9% |
| Total equity and liabilities | 10/49 | €233,817 | €220,824 | -€12,993 | -5.6% |
| Equity | 10/15 | €170,754 | €79,342 | -€91,412 | -53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,154 | €60,742 | -€91,412 | -60.1% |
| Distributable reserves | 133 | €152,154 | €60,742 | -€91,412 | -60.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,063 | €141,482 | +€78,419 | +124.3% |
| Amounts payable within one year | 42/48 | €63,063 | €141,482 | +€78,419 | +124.3% |
| Financial debts | 43 | €513 | €714 | +€201 | +39.1% |
| Credit institutions | 430/8 | €513 | €714 | +€201 | +39.1% |
| Trade debts | 44 | €1,033 | €3,583 | +€2,550 | +246.8% |
| Suppliers | 440/4 | €1,033 | €3,583 | +€2,550 | +246.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,927 | €14,649 | +€9,722 | +197.3% |
| Taxes | 450/3 | €4,927 | €14,649 | +€9,722 | +197.3% |
| Other amounts payable | 47/48 | €56,590 | €122,537 | +€65,946 | +116.5% |
| Non-recurring operating income | 76A | €24 | €0 | -€24 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €570 | +€137 | +31.6% |
| Other operating charges | 640/8 | €515 | €558 | +€42 | +8.2% |
| Non-recurring operating charges | 66A | €747 | €0 | -€747 | -100.0% |
| Gross operating margin | 9900 | €99,290 | €89,307 | -€9,983 | -10.1% |
| Operating profit (loss) | 9901 | €97,594 | €88,179 | -€9,415 | -9.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €5,436 | €5,837 | +€401 | +7.4% |
| Recurring financial charges | 65 | €5,436 | €5,837 | +€401 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €92,158 | €82,342 | -€9,815 | -10.7% |
| Income taxes | 67/77 | €23,789 | €21,754 | -€2,035 | -8.6% |
| Profit (loss) for the period | 9904 | €68,368 | €60,588 | -€7,780 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,368 | €60,588 | -€7,780 | -11.4% |
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 7 October 2026 via checked.be.