HASPA RETAIL: 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.
HASPA RETAIL
Largest movements
- Cash +€24,415
up €24,415 (+17.9%), from €136,666 to €161,081
mainly Net result for the year (+€42,105) and Depreciation (+€22,500)
- Tangible fixed assets -€18,813
no longer reported in 2025 (was €18,813)
- Receivables within one year -€13,396
down €13,396 (-38.6%), from €34,707 to €21,312
of which Other amounts receivable: -€13,819
- Stocks and contracts +€8,442
up €8,442 (+10.7%), from €78,966 to €87,408
- Other debts -€30,655
no longer reported in 2025 (was €30,655)
- Profit (loss) carried forward +€26,189
no longer reported in 2025 (was -€26,189)
- Reserves +€15,916
up €15,916 (+11.5%), from €138,436 to €154,352
of which Distributable reserves: +€15,916
- Trade debts -€13,722
down €13,722 (-15.6%), from €88,210 to €74,488
- Tax, wage and social debts +€2,921
up €2,921 (+8.7%), from €33,511 to €36,431
- Gross operating margin +€57,902
up €57,902 (+18.0%), from €321,468 to €379,370
- Taxes +€13,714
up €13,714, from -€10,000 to €3,714
- Staff costs +€10,886
up €10,886 (+3.6%), from €299,761 to €310,647
- Depreciation -€8,128
down €8,128 (-26.5%), from €30,628 to €22,500
- Other operating charges -€7,635
no longer reported in 2025 (was €7,635)
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 | €270,822 | €271,471 | +€649 | +0.2% |
| Fixed assets | 21/28 | €20,483 | €1,670 | -€18,813 | -91.8% |
| Tangible fixed assets | 22/27 | €18,813 | - | -€18,813 | |
| Plant, machinery and equipment | 23 | €18,813 | - | -€18,813 | |
| Financial fixed assets | 28 | €1,670 | €1,670 | = | 0.0% |
| Current assets | 29/58 | €250,339 | €269,801 | +€19,462 | +7.8% |
| Stocks and contracts in progress | 3 | €78,966 | €87,408 | +€8,442 | +10.7% |
| Stocks | 30/36 | €78,966 | €87,408 | +€8,442 | +10.7% |
| Amounts receivable within one year | 40/41 | €34,707 | €21,312 | -€13,396 | -38.6% |
| Trade receivables | 40 | €310 | €733 | +€424 | +137% |
| Other amounts receivable | 41 | €34,398 | €20,579 | -€13,819 | -40.2% |
| Cash at bank and in hand | 54/58 | €136,666 | €161,081 | +€24,415 | +17.9% |
| Total equity and liabilities | 10/49 | €270,822 | €271,471 | +€649 | +0.2% |
| Equity | 10/15 | €118,446 | €160,552 | +€42,105 | +35.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €138,436 | €154,352 | +€15,916 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €136,576 | €152,492 | +€15,916 | +11.7% |
| Profit (loss) carried forward | 14 | -€26,189 | - | +€26,189 | |
| Amounts payable | 17/49 | €152,376 | €110,919 | -€41,457 | -27.2% |
| Amounts payable within one year | 42/48 | €152,376 | €110,919 | -€41,457 | -27.2% |
| Trade debts | 44 | €88,210 | €74,488 | -€13,722 | -15.6% |
| Suppliers | 440/4 | €88,210 | €74,488 | -€13,722 | -15.6% |
| Taxes, remuneration and social security | 45 | €33,511 | €36,431 | +€2,921 | +8.7% |
| Remuneration and social security | 454/9 | €33,511 | €36,431 | +€2,921 | +8.7% |
| Other amounts payable | 47/48 | €30,655 | - | -€30,655 | |
| Non-recurring operating income | 76A | - | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €299,761 | €310,647 | +€10,886 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,628 | €22,500 | -€8,128 | -26.5% |
| Other operating charges | 640/8 | €7,635 | - | -€7,635 | |
| Gross operating margin | 9900 | €321,468 | €379,370 | +€57,902 | +18.0% |
| Operating profit (loss) | 9901 | -€16,556 | €46,223 | +€62,779 | |
| Financial income | 75/76B | €6,714 | €2,427 | -€4,288 | -63.9% |
| Recurring financial income | 75 | €6,714 | €2,427 | -€4,288 | -63.9% |
| Financial charges | 65/66B | €1,572 | €2,831 | +€1,259 | +80.1% |
| Recurring financial charges | 65 | €1,572 | €2,831 | +€1,259 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,413 | €45,819 | +€57,232 | |
| Income taxes | 67/77 | -€10,000 | €3,714 | +€13,714 | |
| Profit (loss) for the period | 9904 | -€1,413 | €42,105 | +€43,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,413 | €42,105 | +€43,519 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.