HASEB: 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.
HASEB
Largest movements
- Receivables after one year -€24,000
down €24,000 (-100%), from €24,000 to €0
of which Other amounts receivable: -€24,000
- Receivables within one year +€5,083
up €5,083 (+15.2%), from €33,482 to €38,565
of which Other amounts receivable: +€5,280
- Cash +€1,347
up €1,347 (+170%), from €793 to €2,140
mainly Receivables after one year (+€24,000) and Tax, wage and social debts (+€2,185)
- Profit (loss) carried forward -€21,400
down €21,400, from €15,635 to -€5,765
- Tax, wage and social debts +€2,185
new in 2025: €2,185
of which Remuneration and social security: +€1,622
- Trade debts +€1,891
up €1,891 (+12.1%), from €15,690 to €17,581
- Contributions -€1,860
down €1,860 (-9.1%), from €20,460 to €18,600
- Reserves +€1,860
up €1,860 (+16.4%), from €11,313 to €13,173
of which Non-distributable reserves: +€1,860
- Gross operating margin -€13,610
down €13,610, from €8,930 to -€4,680
- Staff costs +€10,216
new in 2025: €10,216
- Other operating charges +€6,254
up €6,254 (+1,948%), from €321 to €6,575
- Financial charges -€2,715
down €2,715 (-59.6%), from €4,556 to €1,841
- Financial income +€2,477
new in 2025: €2,477
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 | €63,098 | €45,774 | -€17,324 | -27.5% |
| Fixed assets | 21/28 | €4,406 | €4,328 | -€78 | -1.8% |
| Tangible fixed assets | 22/27 | €1,159 | €1,137 | -€22 | -1.9% |
| Plant, machinery and equipment | 23 | €1,159 | €601 | -€558 | -48.2% |
| Furniture and vehicles | 24 | - | €536 | +€536 | |
| Financial fixed assets | 28 | €3,247 | €3,192 | -€55 | -1.7% |
| Current assets | 29/58 | €58,692 | €41,446 | -€17,246 | -29.4% |
| Amounts receivable after more than one year | 29 | €24,000 | €0 | -€24,000 | -100% |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | €24,000 | - | -€24,000 | |
| Stocks and contracts in progress | 3 | €417 | €517 | +€100 | +23.9% |
| Stocks | 30/36 | €417 | €517 | +€100 | +23.9% |
| Amounts receivable within one year | 40/41 | €33,482 | €38,565 | +€5,083 | +15.2% |
| Trade receivables | 40 | €197 | €0 | -€197 | -100% |
| Other amounts receivable | 41 | €33,285 | €38,565 | +€5,280 | +15.9% |
| Cash at bank and in hand | 54/58 | €793 | €2,140 | +€1,347 | +170% |
| Deferred charges and accrued income | 490/1 | - | €224 | +€224 | |
| Total equity and liabilities | 10/49 | €63,098 | €45,774 | -€17,324 | -27.5% |
| Equity | 10/15 | €47,408 | €26,008 | -€21,400 | -45.1% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €11,313 | €13,173 | +€1,860 | +16.4% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €11,313 | €11,313 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €15,635 | -€5,765 | -€21,400 | |
| Amounts payable | 17/49 | €15,690 | €19,766 | +€4,076 | +26.0% |
| Amounts payable within one year | 42/48 | €15,690 | €19,766 | +€4,076 | +26.0% |
| Trade debts | 44 | €15,690 | €17,581 | +€1,891 | +12.1% |
| Suppliers | 440/4 | €15,690 | €17,581 | +€1,891 | +12.1% |
| Taxes, remuneration and social security | 45 | - | €2,185 | +€2,185 | |
| Taxes | 450/3 | - | €564 | +€564 | |
| Remuneration and social security | 454/9 | - | €1,622 | +€1,622 | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €2,509 | +€2,509 | |
| Remuneration, social security and pensions | 62 | - | €10,216 | +€10,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €566 | -€670 | -54.2% |
| Other operating charges | 640/8 | €321 | €6,575 | +€6,254 | +1,948% |
| Gross operating margin | 9900 | €8,930 | -€4,680 | -€13,610 | |
| Operating profit (loss) | 9901 | €7,373 | -€22,037 | -€29,410 | |
| Financial income | 75/76B | - | €2,477 | +€2,477 | |
| Recurring financial income | 75 | - | €2,477 | +€2,477 | |
| Financial charges | 65/66B | €4,556 | €1,841 | -€2,715 | -59.6% |
| Recurring financial charges | 65 | €4,556 | €1,841 | -€2,715 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €2,817 | -€21,401 | -€24,218 | |
| Income taxes | 67/77 | €1,400 | - | -€1,400 | |
| Profit (loss) for the period | 9904 | €1,417 | -€21,401 | -€22,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,417 | -€21,401 | -€22,818 |
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 17 October 2026 via checked.be.