HASJO: what changed
Two fiscal 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.
HASJO
Largest movements
- Current investments +€398,000
up €398,000 (+56.7%), from €702,000 to €1.1m
- Tangible fixed assets +€129,071
up €129,071 (+8.3%), from €1.6m to €1.7m
of which Assets under construction and advance payments: +€82,986
- Reserves +€744,682
up €744,682 (+26.6%), from €2.8m to €3.5m
- Other debts -€502,183
down €502,183 (-31.3%), from €1.6m to €1.1m
- Short-term financial debts +€205,439
new in 2025: €205,439
- Tax, wage and social debts +€72,989
new in 2025: €72,989
- Financial income +€884,856
up €884,856 (+4407.8%), from €20,075 to €904,931
- Depreciation +€134,916
new in 2025: €134,916
- Taxes +€69,590
up €69,590 (+1426.5%), from €4,878 to €74,468
- Gross operating margin +€52,449
up €52,449, from -€120 to €52,329
- Other operating charges +€2,748
up €2,748 (+714.8%), from €384 to €3,133
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.
Cash bridge derived
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 | €4,460,676 | €4,988,898 | +€528,222 | +11.8% |
| Fixed assets | 21/28 | €3,751,364 | €3,880,435 | +€129,071 | +3.4% |
| Tangible fixed assets | 22/27 | €1,555,000 | €1,684,071 | +€129,071 | +8.3% |
| Land and buildings | 22 | €1,555,000 | €1,601,084 | +€46,084 | +3.0% |
| Assets under construction and advance payments | 27 | - | €82,986 | +€82,986 | |
| Financial fixed assets | 28 | €2,196,364 | €2,196,364 | = | 0.0% |
| Current assets | 29/58 | €709,311 | €1,108,463 | +€399,151 | +56.3% |
| Amounts receivable within one year | 40/41 | €1,149 | €1,334 | +€185 | +16.1% |
| Other amounts receivable | 41 | €1,149 | €1,334 | +€185 | +16.1% |
| Current investments | 50/53 | €702,000 | €1,100,000 | +€398,000 | +56.7% |
| Cash at bank and in hand | 54/58 | €6,163 | €7,129 | +€966 | +15.7% |
| Total equity and liabilities | 10/49 | €4,460,676 | €4,988,898 | +€528,222 | +11.8% |
| Equity | 10/15 | €2,855,236 | €3,599,918 | +€744,682 | +26.1% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €2,803,814 | €3,548,496 | +€744,682 | +26.6% |
| Distributable reserves | 133 | €2,803,814 | €3,548,496 | +€744,682 | +26.6% |
| Profit (loss) carried forward | 14 | €20,422 | €20,422 | = | 0.0% |
| Amounts payable | 17/49 | €1,605,439 | €1,388,979 | -€216,460 | -13.5% |
| Amounts payable after more than one year | 17 | - | €4,125 | +€4,125 | |
| Other amounts payable | 178/9 | - | €4,125 | +€4,125 | |
| Amounts payable within one year | 42/48 | €1,605,439 | €1,381,684 | -€223,755 | -13.9% |
| Financial debts | 43 | - | €205,439 | +€205,439 | |
| Other loans | 439 | - | €205,439 | +€205,439 | |
| Taxes, remuneration and social security | 45 | - | €72,989 | +€72,989 | |
| Taxes | 450/3 | - | €72,989 | +€72,989 | |
| Other amounts payable | 47/48 | €1,605,439 | €1,103,256 | -€502,183 | -31.3% |
| Accrued charges and deferred income | 492/3 | - | €3,170 | +€3,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €134,916 | +€134,916 | |
| Other operating charges | 640/8 | €384 | €3,133 | +€2,748 | +714.8% |
| Gross operating margin | 9900 | -€120 | €52,329 | +€52,449 | |
| Operating profit (loss) | 9901 | -€505 | -€85,719 | -€85,215 | -16889.6% |
| Financial income | 75/76B | €20,075 | €904,931 | +€884,856 | +4407.8% |
| Recurring financial income | 75 | €20,075 | €904,931 | +€884,856 | +4407.8% |
| Financial charges | 65/66B | €57 | €62 | +€5 | +7.9% |
| Recurring financial charges | 65 | €57 | €62 | +€5 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €19,513 | €819,150 | +€799,637 | +4097.9% |
| Income taxes | 67/77 | €4,878 | €74,468 | +€69,590 | +1426.5% |
| Profit (loss) for the period | 9904 | €14,635 | €744,682 | +€730,047 | +4988.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,635 | €744,682 | +€730,047 | +4988.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.