HASOS: 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.
HASOS
Largest movements
- Cash +€116,745
up €116,745 (+250.3%), from €46,651 to €163,396
mainly Contributions, distributions and other (+€230,904) and Investment in fixed assets (net) (+€78,317)
- Tangible fixed assets -€113,584
down €113,584 (-15.6%), from €727,462 to €613,878
- Deferred charges and accrued income -€31,942
down €31,942 (-96.6%), from €33,059 to €1,117
- Other debts -€231,591
down €231,591 (-71.1%), from €325,599 to €94,008
- Reserves +€194,115
up €194,115 (+45.8%), from €423,877 to €617,992
of which Tax-exempt reserves: +€194,115
- Profit (loss) carried forward +€76,239
up €76,239 (+7.6%), from €1.0m to €1.1m
- Debts after one year -€69,156
down €69,156 (-19.3%), from €358,810 to €289,655
- Provisions +€64,696
up €64,696 (+113.7%), from €56,899 to €121,596
- Gross operating margin -€24,020
down €24,020 (-22.5%), from €106,900 to €82,879
- Financial charges +€2,757
up €2,757 (+23.1%), from €11,935 to €14,692
- Taxes +€1,138
up €1,138 (+4.1%), from €27,638 to €28,775
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 | €2,602,759 | €2,593,607 | -€9,152 | -0.4% |
| Fixed assets | 21/28 | €964,462 | €850,878 | -€113,584 | -11.8% |
| Tangible fixed assets | 22/27 | €727,462 | €613,878 | -€113,584 | -15.6% |
| Land and buildings | 22 | €727,462 | €613,878 | -€113,584 | -15.6% |
| Financial fixed assets | 28 | €237,000 | €237,000 | = | 0.0% |
| Current assets | 29/58 | €1,638,298 | €1,742,729 | +€104,432 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,558,588 | €1,578,216 | +€19,629 | +1.3% |
| Trade receivables | 40 | €571 | €2,151 | +€1,580 | +276.9% |
| Other amounts receivable | 41 | €1,558,017 | €1,576,066 | +€18,049 | +1.2% |
| Cash at bank and in hand | 54/58 | €46,651 | €163,396 | +€116,745 | +250.3% |
| Deferred charges and accrued income | 490/1 | €33,059 | €1,117 | -€31,942 | -96.6% |
| Total equity and liabilities | 10/49 | €2,602,759 | €2,593,607 | -€9,152 | -0.4% |
| Equity | 10/15 | €1,710,074 | €1,980,428 | +€270,353 | +15.8% |
| Contributions | 10/11 | €285,078 | €285,078 | = | 0.0% |
| Capital | 10 | €285,000 | €285,000 | = | 0.0% |
| Issued capital | 100 | €285,000 | €285,000 | = | 0.0% |
| Contributions outside capital | 11 | €78 | €78 | = | 0.0% |
| Share premium | 1100/10 | €78 | €78 | = | 0.0% |
| Reserves | 13 | €423,877 | €617,992 | +€194,115 | +45.8% |
| Non-distributable reserves | 130/1 | €28,500 | €28,500 | = | 0.0% |
| Legal reserve | 130 | €28,500 | €28,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,698 | €364,813 | +€194,115 | +113.7% |
| Distributable reserves | 133 | €224,679 | €224,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,001,120 | €1,077,359 | +€76,239 | +7.6% |
| Provisions and deferred taxes | 16 | €56,899 | €121,596 | +€64,696 | +113.7% |
| Deferred taxes | 168 | €56,899 | €121,596 | +€64,696 | +113.7% |
| Amounts payable | 17/49 | €835,786 | €491,584 | -€344,201 | -41.2% |
| Amounts payable after more than one year | 17 | €358,810 | €289,655 | -€69,156 | -19.3% |
| Financial debts | 170/4 | €358,810 | €289,655 | -€69,156 | -19.3% |
| Amounts payable within one year | 42/48 | €476,975 | €201,929 | -€275,046 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €99,414 | €41,759 | -€57,655 | -58.0% |
| Trade debts | 44 | - | €8,196 | +€8,196 | |
| Suppliers | 440/4 | - | €8,196 | +€8,196 | |
| Taxes, remuneration and social security | 45 | €51,962 | €57,966 | +€6,004 | +11.6% |
| Taxes | 450/3 | €51,962 | €57,966 | +€6,004 | +11.6% |
| Other amounts payable | 47/48 | €325,599 | €94,008 | -€231,591 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,284 | €35,266 | -€18 | -0.1% |
| Other operating charges | 640/8 | €8,214 | €7,210 | -€1,004 | -12.2% |
| Gross operating margin | 9900 | €106,900 | €82,879 | -€24,020 | -22.5% |
| Operating profit (loss) | 9901 | €63,401 | €40,403 | -€22,998 | -36.3% |
| Financial income | 75/76B | €30,230 | €30,241 | +€11 | 0.0% |
| Recurring financial income | 75 | €30,230 | €30,241 | +€11 | 0.0% |
| Financial charges | 65/66B | €11,935 | €14,692 | +€2,757 | +23.1% |
| Recurring financial charges | 65 | €11,935 | €14,692 | +€2,757 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €81,697 | €55,953 | -€25,744 | -31.5% |
| Transfer from deferred taxes | 780 | €4,281 | €12,272 | +€7,991 | +186.7% |
| Income taxes | 67/77 | €27,638 | €28,775 | +€1,138 | +4.1% |
| Profit (loss) for the period | 9904 | €58,340 | €39,449 | -€18,891 | -32.4% |
| Transfer from tax-exempt reserves | 789 | €12,842 | €36,789 | +€23,947 | +186.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,182 | €76,239 | +€5,057 | +7.1% |
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 9 October 2026 via checked.be.