HASIBULLAH: 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.
HASIBULLAH
Largest movements
- Cash +€11,191
up €11,191 (+787%), from €1,422 to €12,614
mainly Net result for the year (+€5,202) and Other debts (+€4,369)
- Stocks and contracts -€2,384
down €2,384 (-8.3%), from €28,696 to €26,311
- Deferred charges and accrued income -€471
down €471 (-44.8%), from €1,050 to €580
- Profit (loss) carried forward +€5,202
up €5,202 (+35.9%), from -€14,506 to -€9,304
- Other debts +€4,369
new in 2025: €4,369
- Trade debts -€3,528
down €3,528 (-40.1%), from €8,796 to €5,268
- Tax, wage and social debts +€2,094
up €2,094 (+26.3%), from €7,967 to €10,061
of which Remuneration and social security: +€1,402
- Purchases and services -€25,194
down €25,194 (-11.7%), from €214,688 to €189,494
- Turnover -€17,279
down €17,279 (-8.2%), from €211,034 to €193,755
- Gross operating margin +€15,143
up €15,143 (+298%), from €5,076 to €20,219
- Other operating charges +€4,475
up €4,475 (+301%), from €1,484 to €5,959
- Staff costs +€3,746
up €3,746 (+70.8%), from €5,287 to €9,033
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 | €31,168 | €39,505 | +€8,337 | +26.7% |
| Current assets | 29/58 | €31,168 | €39,505 | +€8,337 | +26.7% |
| Stocks and contracts in progress | 3 | €28,696 | €26,311 | -€2,384 | -8.3% |
| Stocks | 30/36 | €28,696 | €26,311 | -€2,384 | -8.3% |
| Cash at bank and in hand | 54/58 | €1,422 | €12,614 | +€11,191 | +787% |
| Deferred charges and accrued income | 490/1 | €1,050 | €580 | -€471 | -44.8% |
| Total equity and liabilities | 10/49 | €31,168 | €39,505 | +€8,337 | +26.7% |
| Equity | 10/15 | €1,616 | €7,018 | +€5,402 | +334% |
| Contributions | 10/11 | €15,720 | €15,920 | +€200 | +1.3% |
| Reserves | 13 | €402 | €402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €163 | €163 | = | 0.0% |
| Reserves not available under the articles | 1311 | €163 | €163 | = | 0.0% |
| Distributable reserves | 133 | €239 | €239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,506 | -€9,304 | +€5,202 | +35.9% |
| Amounts payable | 17/49 | €29,552 | €32,487 | +€2,934 | +9.9% |
| Amounts payable after more than one year | 17 | €12,789 | €12,789 | = | 0.0% |
| Other amounts payable | 178/9 | €12,789 | €12,789 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,763 | €19,698 | +€2,934 | +17.5% |
| Trade debts | 44 | €8,796 | €5,268 | -€3,528 | -40.1% |
| Suppliers | 440/4 | €8,796 | €5,268 | -€3,528 | -40.1% |
| Taxes, remuneration and social security | 45 | €7,967 | €10,061 | +€2,094 | +26.3% |
| Taxes | 450/3 | €7,967 | €8,658 | +€691 | +8.7% |
| Remuneration and social security | 454/9 | - | €1,402 | +€1,402 | |
| Other amounts payable | 47/48 | - | €4,369 | +€4,369 | |
| Turnover | 70 | €211,034 | €193,755 | -€17,279 | -8.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,688 | €189,494 | -€25,194 | -11.7% |
| Remuneration, social security and pensions | 62 | €5,287 | €9,033 | +€3,746 | +70.8% |
| Other operating charges | 640/8 | €1,484 | €5,959 | +€4,475 | +301% |
| Gross operating margin | 9900 | €5,076 | €20,219 | +€15,143 | +298% |
| Operating profit (loss) | 9901 | -€1,695 | €5,226 | +€6,922 | |
| Financial charges | 65/66B | -€52 | €24 | +€76 | |
| Recurring financial charges | 65 | -€52 | €24 | +€76 | |
| Profit (loss) for the period before taxes | 9903 | -€1,643 | €5,202 | +€6,846 | |
| Profit (loss) for the period | 9904 | -€1,643 | €5,202 | +€6,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,643 | €5,202 | +€6,846 |
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 15 October 2026 via checked.be.