HASSAN Q: what changed
HASSAN Q
Largest movements
- Tangible fixed assets +€32,583
up €32,583 (+69.1%), from €47,137 to €79,720
- Cash -€26,042
down €26,042 (-89.0%), from €29,251 to €3,209
mainly Investment in fixed assets (net) (-€59,090) and Tax, wage and social debts (-€14,710)
- Receivables within one year +€10,343
up €10,343 (+21.6%), from €47,777 to €58,121
of which Trade receivables: +€8,685
- Tax, wage and social debts -€14,710
down €14,710 (-37.8%), from €38,873 to €24,162
of which Taxes: -€15,284
- Debts after one year +€14,398
new in 2025: €14,398
- Current portion of long-term debt +€10,200
new in 2025: €10,200
- Trade debts +€4,179
up €4,179 (+196%), from €2,134 to €6,313
- Profit (loss) carried forward +€3,948
up €3,948 (+560%), from €705 to €4,653
- Gross operating margin -€61,502
down €61,502 (-40.7%), from €151,207 to €89,705
- Staff costs +€42,779
up €42,779 (+369%), from €11,600 to €54,378
- Taxes -€28,717
down €28,717 (-89.0%), from €32,248 to €3,532
- Depreciation +€1,837
up €1,837 (+7.4%), from €24,670 to €26,507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,166 | €141,049 | +€16,883 | +13.6% |
| Fixed assets | 21/28 | €47,137 | €79,720 | +€32,583 | +69.1% |
| Tangible fixed assets | 22/27 | €47,137 | €79,720 | +€32,583 | +69.1% |
| Furniture and vehicles | 24 | €47,137 | €79,720 | +€32,583 | +69.1% |
| Current assets | 29/58 | €77,029 | €61,329 | -€15,699 | -20.4% |
| Amounts receivable within one year | 40/41 | €47,777 | €58,121 | +€10,343 | +21.6% |
| Trade receivables | 40 | €44,011 | €52,697 | +€8,685 | +19.7% |
| Other amounts receivable | 41 | €3,766 | €5,424 | +€1,658 | +44.0% |
| Cash at bank and in hand | 54/58 | €29,251 | €3,209 | -€26,042 | -89.0% |
| Total equity and liabilities | 10/49 | €124,166 | €141,049 | +€16,883 | +13.6% |
| Equity | 10/15 | €81,705 | €85,653 | +€3,948 | +4.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €79,000 | €79,000 | = | 0.0% |
| Distributable reserves | 133 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €705 | €4,653 | +€3,948 | +560% |
| Amounts payable | 17/49 | €42,461 | €55,397 | +€12,935 | +30.5% |
| Amounts payable after more than one year | 17 | - | €14,398 | +€14,398 | |
| Financial debts | 170/4 | - | €14,398 | +€14,398 | |
| Amounts payable within one year | 42/48 | €42,461 | €40,998 | -€1,463 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,200 | +€10,200 | |
| Trade debts | 44 | €2,134 | €6,313 | +€4,179 | +196% |
| Suppliers | 440/4 | €2,134 | €6,313 | +€4,179 | +196% |
| Taxes, remuneration and social security | 45 | €38,873 | €24,162 | -€14,710 | -37.8% |
| Taxes | 450/3 | €32,533 | €17,248 | -€15,284 | -47.0% |
| Remuneration and social security | 454/9 | €6,340 | €6,914 | +€574 | +9.1% |
| Other amounts payable | 47/48 | €1,454 | €323 | -€1,131 | -77.8% |
| Remuneration, social security and pensions | 62 | €11,600 | €54,378 | +€42,779 | +369% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,670 | €26,507 | +€1,837 | +7.4% |
| Other operating charges | 640/8 | €1,912 | €1,223 | -€689 | -36.0% |
| Gross operating margin | 9900 | €151,207 | €89,705 | -€61,502 | -40.7% |
| Operating profit (loss) | 9901 | €113,025 | €7,596 | -€105,428 | -93.3% |
| Financial income | 75/76B | €196 | €213 | +€16 | +8.4% |
| Recurring financial income | 75 | €196 | €213 | +€16 | +8.4% |
| Financial charges | 65/66B | €1,268 | €329 | -€939 | -74.0% |
| Recurring financial charges | 65 | €268 | €329 | +€61 | +22.9% |
| Non-recurring financial charges | 66B | €1,000 | - | -€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €111,953 | €7,480 | -€104,473 | -93.3% |
| Income taxes | 67/77 | €32,248 | €3,532 | -€28,717 | -89.0% |
| Profit (loss) for the period | 9904 | €79,705 | €3,948 | -€75,757 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,705 | €3,948 | -€75,757 | -95.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.