HASNE: 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.
HASNE
Largest movements
- Receivables within one year +€452,629
up €452,629 (+684.8%), from €66,100 to €518,729
of which Other amounts receivable: +€367,049
- Financial fixed assets +€53,112
up €53,112 (+2.7%), from €2.0m to €2.1m
- Debts after one year +€571,440
up €571,440 (+40.9%), from €1.4m to €2.0m
of which Financial debts: +€571,440
- Reserves -€75,919
down €75,919 (-43.1%), from €176,229 to €100,310
- Gross operating margin -€163,332
down €163,332, from €113,914 to -€49,418
- Financial charges -€42,666
down €42,666 (-56.0%), from €76,191 to €33,526
- Taxes -€10,322
down €10,322 (-100.0%), from €10,322 to €0
- Financial income +€7,025
up €7,025, from €0 to €7,025
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 | €2,093,591 | €2,620,736 | +€527,145 | +25.2% |
| Fixed assets | 21/28 | €2,000,000 | €2,053,112 | +€53,112 | +2.7% |
| Financial fixed assets | 28 | €2,000,000 | €2,053,112 | +€53,112 | +2.7% |
| Current assets | 29/58 | €93,591 | €567,624 | +€474,033 | +506.5% |
| Amounts receivable within one year | 40/41 | €66,100 | €518,729 | +€452,629 | +684.8% |
| Trade receivables | 40 | €66,100 | €151,680 | +€85,580 | +129.5% |
| Other amounts receivable | 41 | €0 | €367,049 | +€367,049 | |
| Cash at bank and in hand | 54/58 | €27,491 | €48,895 | +€21,404 | +77.9% |
| Total equity and liabilities | 10/49 | €2,093,591 | €2,620,736 | +€527,145 | +25.2% |
| Equity | 10/15 | €436,229 | €360,310 | -€75,919 | -17.4% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €176,229 | €100,310 | -€75,919 | -43.1% |
| Distributable reserves | 133 | €176,229 | €100,310 | -€75,919 | -43.1% |
| Amounts payable | 17/49 | €1,657,362 | €2,260,427 | +€603,064 | +36.4% |
| Amounts payable after more than one year | 17 | €1,397,544 | €1,968,984 | +€571,440 | +40.9% |
| Financial debts | 170/4 | €697,544 | €1,268,984 | +€571,440 | +81.9% |
| Other amounts payable | 178/9 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €257,057 | €291,442 | +€34,386 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €148,570 | €148,570 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €97,170 | €109,871 | +€12,700 | +13.1% |
| Suppliers | 440/4 | €97,170 | €109,871 | +€12,700 | +13.1% |
| Taxes, remuneration and social security | 45 | €11,316 | €33,002 | +€21,685 | +191.6% |
| Taxes | 450/3 | €11,316 | €33,002 | +€21,685 | +191.6% |
| Accrued charges and deferred income | 492/3 | €2,762 | €0 | -€2,762 | -100.0% |
| Gross operating margin | 9900 | €113,914 | -€49,418 | -€163,332 | |
| Operating profit (loss) | 9901 | €113,914 | -€49,418 | -€163,332 | |
| Financial income | 75/76B | €0 | €7,025 | +€7,025 | |
| Recurring financial income | 75 | €0 | €7,025 | +€7,025 | |
| Financial charges | 65/66B | €76,191 | €33,526 | -€42,666 | -56.0% |
| Recurring financial charges | 65 | €76,191 | €33,526 | -€42,666 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €37,723 | -€75,919 | -€113,642 | |
| Income taxes | 67/77 | €10,322 | €0 | -€10,322 | -100.0% |
| Profit (loss) for the period | 9904 | €27,401 | -€75,919 | -€103,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,401 | -€75,919 | -€103,320 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.