Hasco: 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.
What changed
Hasco
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10.4m
2024 · -€4.6m-€5.7m
Equity
€262.8m
2024 · €273.2m-€10.4m
Cash
€201,557
2024 · €2.0m-€1.8m
Balance sheet total
€333.2m
2024 · €371.6m-€38.4m
Largest movements
Assets
- Financial fixed assets -€44.4m
down €44.4m (-12.8%), from €347.5m to €303.1m
of which Affiliated companies: -€44.2m
- Receivables within one year +€8.3m
up €8.3m (+39.6%), from €21.0m to €29.3m
of which Other amounts receivable: +€10.3m
Equity and liabilities
- Other debts -€28.0m
down €28.0m (-41.3%), from €67.7m to €39.7m
- Reserves -€10.4m
down €10.4m (-4.3%), from €239.4m to €229.1m
of which Distributable reserves: -€10.4m
Income statement
- Financial charges +€3.5m
up €3.5m (+69.8%), from €5.1m to €8.6m
of which Non-recurring financial charges: +€5.0m
- Turnover -€1.8m
down €1.8m (-30.9%), from €6.0m to €4.1m
- Goods and materials -€620,817
down €620,817 (-36.7%), from €1.7m to €1.1m
- Financial income -€375,359
down €375,359 (-15.8%), from €2.4m to €2.0m
- Services and other goods +€356,916
up €356,916 (+6.2%), from €5.7m to €6.1m
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.
Result 2024
-€4.6m
Turnover
-€1.8m
Other operating income
+€56,270
Goods and materials
+€620,817
Services and other goods
-€356,916
Staff costs
-€271,995
Depreciation
+€7,624
Other operating charges
-€11,305
Financial income
-€375,359
Financial charges
-€3.5m
Taxes
+€8,511
Result 2025
-€10.4m
raises the resultlowers the result
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.
From operations
-€46.8m
Investment
+€44.4m
Financing
+€600,000
Cash 2024
€2.0m
From operations (derived)
-€46.8m
Net result for the year
-€10.4m
Depreciation
+€76,909
Receivables within one year
-€8.3m
Deferred charges and accrued income
+€499,475
Smaller working-capital items
+€2,653
Other debts
-€28.0m
Accrued charges and deferred income
-€723,441
Investment (derived)
+€44.4m
Investment in fixed assets (net)
+€44.4m
Financing
+€600,000
Debts after one year
+€1.8m
Short-term financial debts
-€1.2m
Cash 2025
€201,557
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,586,220 | €333,159,575 | -€38.4m | -10.3% |
| Fixed assets | 21/28 | €347,659,062 | €303,188,261 | -€44.5m | -12.8% |
| Intangible fixed assets | 21 | €39,970 | €912 | -€39,058 | -97.7% |
| Tangible fixed assets | 22/27 | €110,836 | €78,949 | -€31,887 | -28.8% |
| Furniture and vehicles | 24 | €76,582 | €52,217 | -€24,365 | -31.8% |
| Other tangible fixed assets | 26 | €34,254 | €26,732 | -€7,522 | -22.0% |
| Financial fixed assets | 28 | €347,508,256 | €303,108,400 | -€44.4m | -12.8% |
| Affiliated companies | 280/1 | €344,234,661 | €300,034,705 | -€44.2m | -12.8% |
| Participating interests | 280 | €333,884,661 | €289,684,705 | -€44.2m | -13.2% |
| Amounts receivable | 281 | €10,350,000 | €10,350,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,251,403 | €3,051,403 | -€200,000 | -6.2% |
| Participating interests | 282 | €3,051,403 | €3,051,403 | = | 0.0% |
| Amounts receivable | 283 | €200,000 | - | -€200,000 | |
| Other financial fixed assets | 284/8 | €22,192 | €22,292 | +€100 | +0.5% |
| Amounts receivable and cash guarantees | 285/8 | €22,192 | €22,292 | +€100 | +0.5% |
| Current assets | 29/58 | €23,927,158 | €29,971,314 | +€6.0m | +25.3% |
| Amounts receivable within one year | 40/41 | €20,958,769 | €29,266,848 | +€8.3m | +39.6% |
| Trade receivables | 40 | €2,704,251 | €719,550 | -€2.0m | -73.4% |
| Other amounts receivable | 41 | €18,254,518 | €28,547,298 | +€10.3m | +56.4% |
| Cash at bank and in hand | 54/58 | €1,966,005 | €201,557 | -€1.8m | -89.7% |
| Deferred charges and accrued income | 490/1 | €1,002,384 | €502,909 | -€499,475 | -49.8% |
| Total equity and liabilities | 10/49 | €371,586,220 | €333,159,575 | -€38.4m | -10.3% |
| Equity | 10/15 | €273,199,337 | €262,846,908 | -€10.4m | -3.8% |
| Contributions | 10/11 | €33,757,500 | €33,757,500 | = | 0.0% |
| Capital | 10 | €33,757,500 | €33,757,500 | = | 0.0% |
| Issued capital | 100 | €33,757,500 | €33,757,500 | = | 0.0% |
| Reserves | 13 | €239,441,837 | €229,089,408 | -€10.4m | -4.3% |
| Non-distributable reserves | 130/1 | €3,375,750 | €3,375,750 | = | 0.0% |
| Legal reserve | 130 | €3,375,750 | €3,375,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €36 | €36 | = | 0.0% |
| Distributable reserves | 133 | €236,066,051 | €225,713,622 | -€10.4m | -4.4% |
| Amounts payable | 17/49 | €98,386,883 | €70,312,667 | -€28.1m | -28.5% |
| Amounts payable after more than one year | 17 | €22,240,000 | €23,990,000 | +€1.8m | +7.9% |
| Financial debts | 170/4 | €22,240,000 | €23,990,000 | +€1.8m | +7.9% |
| Subordinated loans | 170 | €22,240,000 | €23,990,000 | +€1.8m | +7.9% |
| Amounts payable within one year | 42/48 | €74,663,789 | €45,563,014 | -€29.1m | -39.0% |
| Financial debts | 43 | €6,250,000 | €5,100,000 | -€1.2m | -18.4% |
| Credit institutions | 430/8 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other loans | 439 | €3,750,000 | €2,600,000 | -€1.2m | -30.7% |
| Trade debts | 44 | €594,558 | €650,748 | +€56,190 | +9.5% |
| Suppliers | 440/4 | €594,558 | €650,748 | +€56,190 | +9.5% |
| Taxes, remuneration and social security | 45 | €138,842 | €85,305 | -€53,537 | -38.6% |
| Taxes | 450/3 | €64,847 | - | -€64,847 | |
| Remuneration and social security | 454/9 | €73,995 | €85,305 | +€11,310 | +15.3% |
| Other amounts payable | 47/48 | €67,680,389 | €39,726,961 | -€28.0m | -41.3% |
| Accrued charges and deferred income | 492/3 | €1,483,094 | €759,653 | -€723,441 | -48.8% |
| Operating income | 70/76A | €5,984,551 | €4,193,052 | -€1.8m | -29.9% |
| Turnover | 70 | €5,970,395 | €4,122,626 | -€1.8m | -30.9% |
| Other operating income | 74 | €14,156 | €70,426 | +€56,270 | +397% |
| Operating charges | 60/66A | €7,916,307 | €7,928,082 | +€11,775 | +0.1% |
| Goods for resale, raw materials and consumables | 60 | €1,690,314 | €1,069,497 | -€620,817 | -36.7% |
| Purchases | 600/8 | €1,690,314 | €1,069,497 | -€620,817 | -36.7% |
| Services and other goods | 61 | €5,724,358 | €6,081,274 | +€356,916 | +6.2% |
| Remuneration, social security and pensions | 62 | €410,104 | €682,099 | +€271,995 | +66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,533 | €76,909 | -€7,624 | -9.0% |
| Other operating charges | 640/8 | €6,998 | €18,303 | +€11,305 | +162% |
| Operating profit (loss) | 9901 | -€1,931,756 | -€3,735,030 | -€1.8m | -93.3% |
| Financial income | 75/76B | €2,381,406 | €2,006,047 | -€375,359 | -15.8% |
| Recurring financial income | 75 | €2,381,406 | €2,006,047 | -€375,359 | -15.8% |
| Income from financial fixed assets | 750 | €632,339 | €756,573 | +€124,234 | +19.6% |
| Income from current assets | 751 | €1,748,452 | €1,249,474 | -€498,978 | -28.5% |
| Other financial income | 752/9 | €615 | - | -€615 | |
| Financial charges | 65/66B | €5,077,126 | €8,622,453 | +€3.5m | +69.8% |
| Recurring financial charges | 65 | €5,077,126 | €3,622,453 | -€1.5m | -28.7% |
| Debt charges | 650 | €5,077,073 | €3,621,735 | -€1.5m | -28.7% |
| Other financial charges | 652/9 | €53 | €718 | +€665 | +1,255% |
| Non-recurring financial charges | 66B | - | €5,000,000 | +€5.0m | |
| Profit (loss) for the period before taxes | 9903 | -€4,627,476 | -€10,351,436 | -€5.7m | -124% |
| Income taxes | 67/77 | €9,504 | €993 | -€8,511 | -89.6% |
| Taxes | 670/3 | €9,504 | €993 | -€8,511 | -89.6% |
| Profit (loss) for the period | 9904 | -€4,636,980 | -€10,352,429 | -€5.7m | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,636,980 | -€10,352,429 | -€5.7m | -123% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.