Haspe: 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.
Haspe
Largest movements
- Stocks and contracts -€45,000
down €45,000 (-25.0%), from €180,345 to €135,345
- Tangible fixed assets -€26,465
down €26,465 (-7.9%), from €334,160 to €307,695
- Cash +€21,340
up €21,340 (+46.6%), from €45,798 to €67,137
mainly Stocks and contracts (+€45,000) and Depreciation (+€27,752)
- Debts after one year -€26,209
down €26,209 (-17.5%), from €150,119 to €123,910
- Other debts -€22,345
down €22,345 (-10.3%), from €217,989 to €195,643
- Trade debts -€7,423
down €7,423 (-20.2%), from €36,765 to €29,342
- Gross operating margin +€49,889
up €49,889 (+108%), from €46,368 to €96,257
- Write-downs +€44,600
up €44,600 (+826%), from €5,400 to €50,000
- Taxes -€14,910
down €14,910 (-61.7%), from €24,167 to €9,257
- Depreciation -€1,940
down €1,940 (-6.5%), from €29,691 to €27,752
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 | €593,843 | €542,162 | -€51,680 | -8.7% |
| Fixed assets | 21/28 | €337,360 | €310,580 | -€26,780 | -7.9% |
| Tangible fixed assets | 22/27 | €334,160 | €307,695 | -€26,465 | -7.9% |
| Land and buildings | 22 | €288,325 | €275,131 | -€13,194 | -4.6% |
| Plant, machinery and equipment | 23 | €1,090 | €489 | -€601 | -55.1% |
| Furniture and vehicles | 24 | €44,746 | €32,075 | -€12,671 | -28.3% |
| Financial fixed assets | 28 | €3,200 | €2,885 | -€315 | -9.8% |
| Current assets | 29/58 | €256,482 | €231,582 | -€24,900 | -9.7% |
| Stocks and contracts in progress | 3 | €180,345 | €135,345 | -€45,000 | -25.0% |
| Stocks | 30/36 | €180,345 | €135,345 | -€45,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €25,539 | €27,182 | +€1,644 | +6.4% |
| Trade receivables | 40 | €25,210 | €24,773 | -€437 | -1.7% |
| Other amounts receivable | 41 | €329 | €2,409 | +€2,080 | +632% |
| Cash at bank and in hand | 54/58 | €45,798 | €67,137 | +€21,340 | +46.6% |
| Deferred charges and accrued income | 490/1 | €4,801 | €1,917 | -€2,884 | -60.1% |
| Total equity and liabilities | 10/49 | €593,843 | €542,162 | -€51,680 | -8.7% |
| Equity | 10/15 | €147,647 | €151,361 | +€3,714 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €296,280 | €296,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,875 | €21,875 | = | 0.0% |
| Distributable reserves | 133 | €272,545 | €272,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,233 | -€163,519 | +€3,714 | +2.2% |
| Amounts payable | 17/49 | €446,196 | €390,802 | -€55,394 | -12.4% |
| Amounts payable after more than one year | 17 | €150,119 | €123,910 | -€26,209 | -17.5% |
| Financial debts | 170/4 | €150,119 | €123,910 | -€26,209 | -17.5% |
| Amounts payable within one year | 42/48 | €295,519 | €266,681 | -€28,838 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €26,017 | €26,209 | +€192 | +0.7% |
| Trade debts | 44 | €36,765 | €29,342 | -€7,423 | -20.2% |
| Suppliers | 440/4 | €36,765 | €29,342 | -€7,423 | -20.2% |
| Advances received on contracts in progress | 46 | €14,066 | €14,066 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €683 | €1,421 | +€738 | +108% |
| Taxes | 450/3 | €683 | €1,421 | +€738 | +108% |
| Other amounts payable | 47/48 | €217,989 | €195,643 | -€22,345 | -10.3% |
| Accrued charges and deferred income | 492/3 | €558 | €211 | -€347 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,691 | €27,752 | -€1,940 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,400 | €50,000 | +€44,600 | +826% |
| Other operating charges | 640/8 | €2,038 | €2,233 | +€196 | +9.6% |
| Gross operating margin | 9900 | €46,368 | €96,257 | +€49,889 | +108% |
| Operating profit (loss) | 9901 | €9,239 | €16,272 | +€7,033 | +76.1% |
| Financial income | 75/76B | €173 | €299 | +€126 | +73.2% |
| Recurring financial income | 75 | €173 | €299 | +€126 | +73.2% |
| Financial charges | 65/66B | €4,355 | €3,599 | -€756 | -17.3% |
| Recurring financial charges | 65 | €4,355 | €3,599 | -€756 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €5,056 | €12,972 | +€7,915 | +157% |
| Income taxes | 67/77 | €24,167 | €9,257 | -€14,910 | -61.7% |
| Profit (loss) for the period | 9904 | -€19,111 | €3,714 | +€22,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,111 | €3,714 | +€22,825 |
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 23 October 2026 via checked.be.