Hassan Commerce: 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.
Hassan Commerce
Largest movements
- Stocks and contracts +€75,293
up €75,293 (+65.1%), from €115,621 to €190,913
- Cash +€45,473
up €45,473 (+70.7%), from €64,331 to €109,804
mainly Other debts (+€60,105) and Tax, wage and social debts (+€38,915)
- Tangible fixed assets +€26,681
up €26,681 (+166%), from €16,037 to €42,718
of which Furniture and vehicles: +€26,762
- Other debts +€60,105
up €60,105 (+199%), from €30,222 to €90,326
- Reserves -€40,000
down €40,000 (-64.7%), from €61,860 to €21,860
- Tax, wage and social debts +€38,915
up €38,915 (+233%), from €16,673 to €55,589
- Profit (loss) carried forward +€28,544
up €28,544 (+40.1%), from €71,249 to €99,793
- Debts after one year +€28,135
new in 2025: €28,135
- Gross operating margin -€27,576
down €27,576 (-35.3%), from €78,220 to €50,643
- Depreciation -€7,925
down €7,925 (-49.8%), from €15,924 to €8,000
- Taxes -€5,838
down €5,838 (-37.9%), from €15,418 to €9,580
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 | €200,984 | €347,438 | +€146,455 | +72.9% |
| Fixed assets | 21/28 | €16,037 | €42,718 | +€26,681 | +166% |
| Tangible fixed assets | 22/27 | €16,037 | €42,718 | +€26,681 | +166% |
| Plant, machinery and equipment | 23 | €485 | €404 | -€81 | -16.7% |
| Furniture and vehicles | 24 | €15,552 | €42,314 | +€26,762 | +172% |
| Current assets | 29/58 | €184,947 | €304,720 | +€119,773 | +64.8% |
| Stocks and contracts in progress | 3 | €115,621 | €190,913 | +€75,293 | +65.1% |
| Stocks | 30/36 | €115,621 | €190,913 | +€75,293 | +65.1% |
| Amounts receivable within one year | 40/41 | €4,995 | €4,003 | -€993 | -19.9% |
| Trade receivables | 40 | €4,464 | €3,450 | -€1,014 | -22.7% |
| Other amounts receivable | 41 | €532 | €553 | +€21 | +4.0% |
| Cash at bank and in hand | 54/58 | €64,331 | €109,804 | +€45,473 | +70.7% |
| Total equity and liabilities | 10/49 | €200,984 | €347,438 | +€146,455 | +72.9% |
| Equity | 10/15 | €151,709 | €140,253 | -€11,456 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €21,860 | -€40,000 | -64.7% |
| Distributable reserves | 133 | €61,860 | €21,860 | -€40,000 | -64.7% |
| Profit (loss) carried forward | 14 | €71,249 | €99,793 | +€28,544 | +40.1% |
| Amounts payable | 17/49 | €49,275 | €207,185 | +€157,910 | +320% |
| Amounts payable after more than one year | 17 | - | €28,135 | +€28,135 | |
| Financial debts | 170/4 | - | €28,135 | +€28,135 | |
| Amounts payable within one year | 42/48 | €49,275 | €179,050 | +€129,775 | +263% |
| Current portion of amounts payable after more than one year | 42 | - | €11,084 | +€11,084 | |
| Trade debts | 44 | €2,379 | €22,051 | +€19,671 | +827% |
| Suppliers | 440/4 | €2,379 | €22,051 | +€19,671 | +827% |
| Taxes, remuneration and social security | 45 | €16,673 | €55,589 | +€38,915 | +233% |
| Taxes | 450/3 | €16,673 | €55,589 | +€38,915 | +233% |
| Other amounts payable | 47/48 | €30,222 | €90,326 | +€60,105 | +199% |
| Non-recurring operating income | 76A | €723 | €2,983 | +€2,259 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,924 | €8,000 | -€7,925 | -49.8% |
| Other operating charges | 640/8 | €3,890 | €4,111 | +€222 | +5.7% |
| Non-recurring operating charges | 66A | €1,709 | €536 | -€1,174 | -68.7% |
| Gross operating margin | 9900 | €78,220 | €50,643 | -€27,576 | -35.3% |
| Operating profit (loss) | 9901 | €56,697 | €37,997 | -€18,700 | -33.0% |
| Financial income | 75/76B | €404 | €508 | +€104 | +25.7% |
| Recurring financial income | 75 | €404 | €508 | +€104 | +25.7% |
| Financial charges | 65/66B | €941 | €380 | -€561 | -59.6% |
| Recurring financial charges | 65 | €941 | €380 | -€561 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €56,159 | €38,124 | -€18,035 | -32.1% |
| Income taxes | 67/77 | €15,418 | €9,580 | -€5,838 | -37.9% |
| Profit (loss) for the period | 9904 | €40,741 | €28,544 | -€12,197 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,741 | €28,544 | -€12,197 | -29.9% |
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 19 October 2026 via checked.be.