HASEVOETS: 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.
HASEVOETS
Largest movements
- Cash -€13,087
down €13,087 (-20.1%), from €64,982 to €51,894
mainly Receivables within one year (-€8,170) and Net result for the year (-€6,906)
- Receivables within one year +€8,170
up €8,170 (+138%), from €5,941 to €14,111
of which Trade receivables: +€7,755
- Tangible fixed assets -€2,844
down €2,844 (-51.6%), from €5,517 to €2,673
of which Furniture and vehicles: -€2,776
- Reserves -€6,906
down €6,906 (-11.4%), from €60,764 to €53,858
of which Distributable reserves: -€6,906
- Current portion of long-term debt +€1,683
new in 2025: €1,683
- Trade debts -€1,644
down €1,644 (-49.8%), from €3,302 to €1,658
- Gross operating margin +€2,408
up €2,408 (+55.3%), from -€4,356 to -€1,948
- Depreciation -€568
down €568 (-16.6%), from €3,412 to €2,844
- Financial charges -€305
down €305 (-16.2%), from €1,881 to €1,576
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 | €77,640 | €70,325 | -€7,316 | -9.4% |
| Fixed assets | 21/28 | €5,517 | €2,673 | -€2,844 | -51.6% |
| Tangible fixed assets | 22/27 | €5,517 | €2,673 | -€2,844 | -51.6% |
| Plant, machinery and equipment | 23 | €137 | €69 | -€69 | -50.0% |
| Furniture and vehicles | 24 | €5,380 | €2,604 | -€2,776 | -51.6% |
| Current assets | 29/58 | €72,124 | €67,652 | -€4,472 | -6.2% |
| Amounts receivable within one year | 40/41 | €5,941 | €14,111 | +€8,170 | +138% |
| Trade receivables | 40 | - | €7,755 | +€7,755 | |
| Other amounts receivable | 41 | €5,941 | €6,356 | +€415 | +7.0% |
| Cash at bank and in hand | 54/58 | €64,982 | €51,894 | -€13,087 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,647 | +€446 | +37.2% |
| Total equity and liabilities | 10/49 | €77,640 | €70,325 | -€7,316 | -9.4% |
| Equity | 10/15 | €66,964 | €60,058 | -€6,906 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,764 | €53,858 | -€6,906 | -11.4% |
| Tax-exempt reserves | 132 | €340 | €340 | = | 0.0% |
| Distributable reserves | 133 | €60,425 | €53,519 | -€6,906 | -11.4% |
| Amounts payable | 17/49 | €10,676 | €10,266 | -€410 | -3.8% |
| Amounts payable within one year | 42/48 | €9,792 | €9,365 | -€427 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | - | €1,683 | +€1,683 | |
| Trade debts | 44 | €3,302 | €1,658 | -€1,644 | -49.8% |
| Suppliers | 440/4 | €3,302 | €1,658 | -€1,644 | -49.8% |
| Other amounts payable | 47/48 | €6,490 | €6,024 | -€466 | -7.2% |
| Accrued charges and deferred income | 492/3 | €884 | €901 | +€18 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €2,844 | -€568 | -16.6% |
| Other operating charges | 640/8 | €417 | €388 | -€29 | -7.0% |
| Gross operating margin | 9900 | -€4,356 | -€1,948 | +€2,408 | +55.3% |
| Operating profit (loss) | 9901 | -€8,185 | -€5,180 | +€3,005 | +36.7% |
| Financial income | 75/76B | €2 | €1 | -€1 | -74.5% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -74.5% |
| Financial charges | 65/66B | €1,881 | €1,576 | -€305 | -16.2% |
| Recurring financial charges | 65 | €1,881 | €1,576 | -€305 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,064 | -€6,756 | +€3,308 | +32.9% |
| Income taxes | 67/77 | €159 | €150 | -€10 | -6.1% |
| Profit (loss) for the period | 9904 | -€10,223 | -€6,906 | +€3,318 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,223 | -€6,906 | +€3,318 | +32.5% |
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 13 October 2026 via checked.be.