HASAN VELI: what changed
HASAN VELI
Largest movements
- Tangible fixed assets -€15,033
down €15,033 (-53.7%), from €27,992 to €12,959
of which Furniture and vehicles: -€12,878
- Cash +€14,067
up €14,067 (+100%), from €14,045 to €28,112
mainly Net result for the year (+€10,435) and Trade debts (+€10,357)
- Receivables within one year +€12,091
up €12,091 (+29.3%), from €41,218 to €53,309
of which Trade receivables: +€13,942
- Stocks and contracts +€4,700
up €4,700 (+285%), from €1,650 to €6,350
- Deferred charges and accrued income +€1,131
up €1,131 (+105%), from €1,074 to €2,205
- Reserves +€10,435
up €10,435 (+13.9%), from €75,075 to €85,510
of which Distributable reserves: +€10,435
- Trade debts +€10,357
up €10,357 (+438%), from €2,363 to €12,720
- Tax, wage and social debts -€4,167
down €4,167 (-41.5%), from €10,035 to €5,869
of which Taxes: -€3,300
- Gross operating margin -€41,733
down €41,733 (-58.1%), from €71,789 to €30,056
- Staff costs -€41,082
down €41,082 (-86.0%), from €47,766 to €6,684
- Other operating charges +€3,600
up €3,600 (+268%), from €1,343 to €4,943
- Depreciation -€2,805
down €2,805 (-35.2%), from €7,968 to €5,164
- Taxes +€2,436
new in 2025: €2,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,929 | €104,886 | +€16,956 | +19.3% |
| Fixed assets | 21/28 | €29,942 | €14,909 | -€15,033 | -50.2% |
| Tangible fixed assets | 22/27 | €27,992 | €12,959 | -€15,033 | -53.7% |
| Plant, machinery and equipment | 23 | €8,109 | €5,954 | -€2,155 | -26.6% |
| Furniture and vehicles | 24 | €19,884 | €7,006 | -€12,878 | -64.8% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €57,987 | €89,976 | +€31,989 | +55.2% |
| Stocks and contracts in progress | 3 | €1,650 | €6,350 | +€4,700 | +285% |
| Stocks | 30/36 | €1,650 | €6,350 | +€4,700 | +285% |
| Amounts receivable within one year | 40/41 | €41,218 | €53,309 | +€12,091 | +29.3% |
| Trade receivables | 40 | €26,277 | €40,219 | +€13,942 | +53.1% |
| Other amounts receivable | 41 | €14,941 | €13,090 | -€1,851 | -12.4% |
| Cash at bank and in hand | 54/58 | €14,045 | €28,112 | +€14,067 | +100% |
| Deferred charges and accrued income | 490/1 | €1,074 | €2,205 | +€1,131 | +105% |
| Total equity and liabilities | 10/49 | €87,929 | €104,886 | +€16,956 | +19.3% |
| Equity | 10/15 | €75,175 | €85,610 | +€10,435 | +13.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €75,075 | €85,510 | +€10,435 | +13.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €75,075 | €85,510 | +€10,435 | +13.9% |
| Amounts payable | 17/49 | €12,754 | €19,276 | +€6,522 | +51.1% |
| Amounts payable within one year | 42/48 | €12,754 | €18,994 | +€6,240 | +48.9% |
| Trade debts | 44 | €2,363 | €12,720 | +€10,357 | +438% |
| Suppliers | 440/4 | €2,363 | €12,720 | +€10,357 | +438% |
| Taxes, remuneration and social security | 45 | €10,035 | €5,869 | -€4,167 | -41.5% |
| Taxes | 450/3 | €6,600 | €3,300 | -€3,300 | -50.0% |
| Remuneration and social security | 454/9 | €3,435 | €2,569 | -€867 | -25.2% |
| Other amounts payable | 47/48 | €356 | €406 | +€50 | +13.9% |
| Accrued charges and deferred income | 492/3 | €0 | €282 | +€282 | |
| Remuneration, social security and pensions | 62 | €47,766 | €6,684 | -€41,082 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,968 | €5,164 | -€2,805 | -35.2% |
| Other operating charges | 640/8 | €1,343 | €4,943 | +€3,600 | +268% |
| Gross operating margin | 9900 | €71,789 | €30,056 | -€41,733 | -58.1% |
| Operating profit (loss) | 9901 | €14,711 | €13,265 | -€1,447 | -9.8% |
| Financial income | 75/76B | €1 | €9 | +€9 | +1,467% |
| Recurring financial income | 75 | €1 | €9 | +€9 | +1,467% |
| Financial charges | 65/66B | €105 | €403 | +€298 | +284% |
| Recurring financial charges | 65 | €105 | €403 | +€298 | +284% |
| Profit (loss) for the period before taxes | 9903 | €14,607 | €12,871 | -€1,736 | -11.9% |
| Income taxes | 67/77 | - | €2,436 | +€2,436 | |
| Profit (loss) for the period | 9904 | €14,607 | €10,435 | -€4,172 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,607 | €10,435 | -€4,172 | -28.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.