HASO INVEST: 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.
HASO INVEST
Largest movements
- Tangible fixed assets +€294,654
up €294,654 (+73.5%), from €400,932 to €695,586
- Receivables within one year -€8,750
no longer reported in 2025 (was €8,750)
- Other debts +€153,457
up €153,457 (+40.7%), from €376,666 to €530,123
- Profit (loss) carried forward +€77,979
up €77,979, from -€9,996 to €67,983
- Trade debts +€28,620
up €28,620 (+985%), from €2,905 to €31,525
- Tax, wage and social debts +€26,651
new in 2025: €26,651
- Gross operating margin +€95,787
up €95,787 (+544%), from €17,611 to €113,398
- Taxes +€15,391
new in 2025: €15,391
- Other operating charges -€2,632
down €2,632 (-72.1%), from €3,653 to €1,021
- Depreciation +€1,997
up €1,997 (+15.1%), from €13,213 to €15,210
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 | €431,075 | €721,360 | +€290,285 | +67.3% |
| Fixed assets | 21/28 | €400,932 | €695,586 | +€294,654 | +73.5% |
| Tangible fixed assets | 22/27 | €400,932 | €695,586 | +€294,654 | +73.5% |
| Land and buildings | 22 | €400,932 | €695,586 | +€294,654 | +73.5% |
| Current assets | 29/58 | €30,143 | €25,774 | -€4,369 | -14.5% |
| Amounts receivable within one year | 40/41 | €8,750 | - | -€8,750 | |
| Trade receivables | 40 | €8,750 | - | -€8,750 | |
| Cash at bank and in hand | 54/58 | €21,393 | €25,774 | +€4,381 | +20.5% |
| Total equity and liabilities | 10/49 | €431,075 | €721,360 | +€290,285 | +67.3% |
| Equity | 10/15 | €51,504 | €133,061 | +€81,557 | +158% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €3,578 | +€3,578 | |
| Non-distributable reserves | 130/1 | - | €3,578 | +€3,578 | |
| Legal reserve | 130 | - | €3,578 | +€3,578 | |
| Profit (loss) carried forward | 14 | -€9,996 | €67,983 | +€77,979 | |
| Amounts payable | 17/49 | €379,571 | €588,299 | +€208,728 | +55.0% |
| Amounts payable within one year | 42/48 | €379,571 | €588,299 | +€208,728 | +55.0% |
| Trade debts | 44 | €2,905 | €31,525 | +€28,620 | +985% |
| Suppliers | 440/4 | €2,905 | €31,525 | +€28,620 | +985% |
| Taxes, remuneration and social security | 45 | - | €26,651 | +€26,651 | |
| Taxes | 450/3 | - | €26,651 | +€26,651 | |
| Other amounts payable | 47/48 | €376,666 | €530,123 | +€153,457 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,213 | €15,210 | +€1,997 | +15.1% |
| Other operating charges | 640/8 | €3,653 | €1,021 | -€2,632 | -72.1% |
| Gross operating margin | 9900 | €17,611 | €113,398 | +€95,787 | +544% |
| Operating profit (loss) | 9901 | €745 | €97,167 | +€96,422 | +12,943% |
| Financial income | 75/76B | €2 | €60 | +€58 | +2,900% |
| Recurring financial income | 75 | €2 | €60 | +€58 | +2,900% |
| Financial charges | 65/66B | €51 | €279 | +€228 | +447% |
| Recurring financial charges | 65 | €51 | €279 | +€228 | +447% |
| Profit (loss) for the period before taxes | 9903 | €696 | €96,948 | +€96,252 | +13,829% |
| Income taxes | 67/77 | - | €15,391 | +€15,391 | |
| Profit (loss) for the period | 9904 | €696 | €81,557 | +€80,861 | +11,618% |
| Profit (loss) for the period to be appropriated | 9905 | €696 | €81,557 | +€80,861 | +11,618% |
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 25 October 2026 via checked.be.