HASARD LUDIQUE: what changed
HASARD LUDIQUE
Largest movements
- Stocks and contracts +€190,705
up €190,705 (+48.9%), from €390,335 to €581,040
- Tangible fixed assets +€87,910
up €87,910 (+324%), from €27,174 to €115,084
of which Furniture and vehicles: +€76,585
- Cash +€65,656
up €65,656 (+122%), from €53,612 to €119,268
mainly Net result for the year (+€169,020) and Tax, wage and social debts (+€105,837)
- Receivables within one year +€13,195
up €13,195 (+539%), from €2,447 to €15,642
of which Trade receivables: +€12,021
- Deferred charges and accrued income +€9,599
up €9,599 (+778%), from €1,233 to €10,832
- Reserves +€169,020
up €169,020 (+83.3%), from €202,816 to €371,836
- Tax, wage and social debts +€105,837
up €105,837 (+101%), from €105,078 to €210,914
of which Taxes: +€80,291
- Other debts +€44,192
up €44,192 (+116%), from €38,006 to €82,198
- Current portion of long-term debt +€25,427
up €25,427 (+57.4%), from €44,328 to €69,756
- Debts after one year +€23,262
up €23,262 (+85.1%), from €27,327 to €50,589
- Gross operating margin +€203,388
up €203,388 (+53.2%), from €382,449 to €585,837
- Staff costs +€68,951
up €68,951 (+29.9%), from €230,384 to €299,336
- Taxes +€42,204
up €42,204 (+127%), from €33,108 to €75,312
- Financial income +€8,510
up €8,510 (+1,125%), from €756 to €9,266
- Depreciation +€6,469
up €6,469 (+114%), from €5,692 to €12,161
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 | €484,401 | €849,845 | +€365,444 | +75.4% |
| Fixed assets | 21/28 | €36,773 | €122,313 | +€85,540 | +233% |
| Intangible fixed assets | 21 | €9,438 | €7,068 | -€2,370 | -25.1% |
| Tangible fixed assets | 22/27 | €27,174 | €115,084 | +€87,910 | +324% |
| Plant, machinery and equipment | 23 | €25,705 | €37,030 | +€11,325 | +44.1% |
| Furniture and vehicles | 24 | €1,469 | €78,054 | +€76,585 | +5,212% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €447,628 | €727,533 | +€279,905 | +62.5% |
| Stocks and contracts in progress | 3 | €390,335 | €581,040 | +€190,705 | +48.9% |
| Stocks | 30/36 | €390,335 | €581,040 | +€190,705 | +48.9% |
| Amounts receivable within one year | 40/41 | €2,447 | €15,642 | +€13,195 | +539% |
| Trade receivables | 40 | - | €12,021 | +€12,021 | |
| Other amounts receivable | 41 | €2,447 | €3,621 | +€1,174 | +48.0% |
| Current investments | 50/53 | - | €750 | +€750 | |
| Cash at bank and in hand | 54/58 | €53,612 | €119,268 | +€65,656 | +122% |
| Deferred charges and accrued income | 490/1 | €1,233 | €10,832 | +€9,599 | +778% |
| Total equity and liabilities | 10/49 | €484,401 | €849,845 | +€365,444 | +75.4% |
| Equity | 10/15 | €217,393 | €386,413 | +€169,020 | +77.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €202,816 | €371,836 | +€169,020 | +83.3% |
| Distributable reserves | 133 | €202,816 | €371,836 | +€169,020 | +83.3% |
| Profit (loss) carried forward | 14 | €317 | €317 | = | 0.0% |
| Amounts payable | 17/49 | €267,008 | €463,432 | +€196,424 | +73.6% |
| Amounts payable after more than one year | 17 | €27,327 | €50,589 | +€23,262 | +85.1% |
| Financial debts | 170/4 | €27,327 | €50,589 | +€23,262 | +85.1% |
| Amounts payable within one year | 42/48 | €238,201 | €412,093 | +€173,892 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €44,328 | €69,756 | +€25,427 | +57.4% |
| Trade debts | 44 | €50,789 | €49,224 | -€1,564 | -3.1% |
| Suppliers | 440/4 | €50,789 | €49,224 | -€1,564 | -3.1% |
| Taxes, remuneration and social security | 45 | €105,078 | €210,914 | +€105,837 | +101% |
| Taxes | 450/3 | €69,541 | €149,832 | +€80,291 | +115% |
| Remuneration and social security | 454/9 | €35,537 | €61,083 | +€25,545 | +71.9% |
| Other amounts payable | 47/48 | €38,006 | €82,198 | +€44,192 | +116% |
| Accrued charges and deferred income | 492/3 | €1,479 | €750 | -€729 | -49.3% |
| Remuneration, social security and pensions | 62 | €230,384 | €299,336 | +€68,951 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,692 | €12,161 | +€6,469 | +114% |
| Other operating charges | 640/8 | €13,183 | €17,798 | +€4,615 | +35.0% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €382,449 | €585,837 | +€203,388 | +53.2% |
| Operating profit (loss) | 9901 | €133,189 | €256,421 | +€123,232 | +92.5% |
| Financial income | 75/76B | €756 | €9,266 | +€8,510 | +1,125% |
| Recurring financial income | 75 | €756 | €9,266 | +€8,510 | +1,125% |
| Financial charges | 65/66B | €23,364 | €21,355 | -€2,009 | -8.6% |
| Recurring financial charges | 65 | €23,364 | €21,355 | -€2,009 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €110,582 | €244,333 | +€133,751 | +121% |
| Income taxes | 67/77 | €33,108 | €75,312 | +€42,204 | +127% |
| Profit (loss) for the period | 9904 | €77,474 | €169,020 | +€91,546 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €77,474 | €169,020 | +€91,546 | +118% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.