HASERCAN: 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.
HASERCAN
Largest movements
- Tangible fixed assets -€90,628
down €90,628 (-6.5%), from €1.4m to €1.3m
of which Land and buildings: -€47,596
- Receivables within one year -€24,584
down €24,584 (-22.7%), from €108,211 to €83,627
of which Other amounts receivable: -€15,290
- Debts after one year -€181,157
down €181,157 (-16.0%), from €1.1m to €948,884
of which Financial debts: -€179,607
- Tax, wage and social debts +€29,882
up €29,882 (+129%), from €23,117 to €52,999
- Trade debts +€27,431
up €27,431 (+50.6%), from €54,178 to €81,609
- Reserves +€22,382
up €22,382 (+69.9%), from €32,000 to €54,382
- Other debts -€20,898
down €20,898 (-93.1%), from €22,448 to €1,550
- Gross operating margin +€124,757
up €124,757 (+108%), from €116,005 to €240,762
- Financial charges +€27,642
up €27,642 (+51.6%), from €53,605 to €81,247
- Depreciation +€26,736
up €26,736 (+56.2%), from €47,596 to €74,333
- Taxes +€17,827
up €17,827 (+868%), from €2,055 to €19,882
- Other operating charges +€8,661
up €8,661 (+33.4%), from €25,896 to €34,558
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,562,616 | €1,447,653 | -€114,964 | -7.4% |
| Fixed assets | 21/28 | €1,439,915 | €1,349,287 | -€90,628 | -6.3% |
| Tangible fixed assets | 22/27 | €1,389,915 | €1,299,287 | -€90,628 | -6.5% |
| Land and buildings | 22 | €1,207,454 | €1,159,858 | -€47,596 | -3.9% |
| Plant, machinery and equipment | 23 | €563 | €266 | -€297 | -52.8% |
| Furniture and vehicles | 24 | €181,898 | €139,163 | -€42,735 | -23.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €122,701 | €98,365 | -€24,336 | -19.8% |
| Amounts receivable within one year | 40/41 | €108,211 | €83,627 | -€24,584 | -22.7% |
| Trade receivables | 40 | €58,040 | €48,746 | -€9,294 | -16.0% |
| Other amounts receivable | 41 | €50,171 | €34,881 | -€15,290 | -30.5% |
| Cash at bank and in hand | 54/58 | €2,188 | €6,536 | +€4,349 | +199% |
| Deferred charges and accrued income | 490/1 | €12,303 | €8,202 | -€4,101 | -33.3% |
| Total equity and liabilities | 10/49 | €1,562,616 | €1,447,653 | -€114,964 | -7.4% |
| Equity | 10/15 | €41,303 | €72,982 | +€31,679 | +76.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,000 | €54,382 | +€22,382 | +69.9% |
| Distributable reserves | 133 | €32,000 | €54,382 | +€22,382 | +69.9% |
| Profit (loss) carried forward | 14 | -€9,297 | - | +€9,297 | |
| Amounts payable | 17/49 | €1,521,313 | €1,374,670 | -€146,643 | -9.6% |
| Amounts payable after more than one year | 17 | €1,130,041 | €948,884 | -€181,157 | -16.0% |
| Financial debts | 170/4 | €1,128,491 | €948,884 | -€179,607 | -15.9% |
| Other amounts payable | 178/9 | €1,550 | - | -€1,550 | |
| Amounts payable within one year | 42/48 | €385,435 | €417,838 | +€32,404 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €83,835 | €75,731 | -€8,104 | -9.7% |
| Financial debts | 43 | €201,857 | €205,949 | +€4,092 | +2.0% |
| Other loans | 439 | €201,857 | €205,949 | +€4,092 | +2.0% |
| Trade debts | 44 | €54,178 | €81,609 | +€27,431 | +50.6% |
| Suppliers | 440/4 | €54,178 | €81,609 | +€27,431 | +50.6% |
| Taxes, remuneration and social security | 45 | €23,117 | €52,999 | +€29,882 | +129% |
| Taxes | 450/3 | €23,117 | €52,999 | +€29,882 | +129% |
| Other amounts payable | 47/48 | €22,448 | €1,550 | -€20,898 | -93.1% |
| Accrued charges and deferred income | 492/3 | €5,838 | €7,948 | +€2,110 | +36.1% |
| Non-recurring operating income | 76A | - | €112,507 | +€112,507 | |
| Remuneration, social security and pensions | 62 | - | €376 | +€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,596 | €74,333 | +€26,736 | +56.2% |
| Other operating charges | 640/8 | €25,896 | €34,558 | +€8,661 | +33.4% |
| Gross operating margin | 9900 | €116,005 | €240,762 | +€124,757 | +108% |
| Operating profit (loss) | 9901 | €42,512 | €131,496 | +€88,984 | +209% |
| Financial income | 75/76B | €1,722 | €1,313 | -€409 | -23.8% |
| Recurring financial income | 75 | €1,722 | €1,313 | -€409 | -23.8% |
| Financial charges | 65/66B | €53,605 | €81,247 | +€27,642 | +51.6% |
| Recurring financial charges | 65 | €53,605 | €81,247 | +€27,642 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,371 | €51,562 | +€60,933 | |
| Income taxes | 67/77 | €2,055 | €19,882 | +€17,827 | +868% |
| Profit (loss) for the period | 9904 | -€11,426 | €31,679 | +€43,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,426 | €31,679 | +€43,105 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.