HASSINE: 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.
HASSINE
Largest movements
- Tangible fixed assets +€200,505
up €200,505 (+11,022%), from €1,819 to €202,324
of which Land and buildings: +€198,785
- Receivables within one year -€17,900
down €17,900 (-30.5%), from €58,607 to €40,707
of which Trade receivables: -€18,323
- Cash -€7,898
down €7,898 (-13.4%), from €59,103 to €51,204
mainly Investment in fixed assets (net) (-€211,881) and Tax, wage and social debts (-€3,712)
- Debts after one year +€168,813
new in 2025: €168,813
- Current portion of long-term debt +€9,250
new in 2025: €9,250
- Tax, wage and social debts -€3,712
down €3,712 (-25.6%), from €14,520 to €10,808
- Gross operating margin -€15,651
down €15,651 (-42.9%), from €36,443 to €20,792
- Depreciation +€9,751
up €9,751 (+600%), from €1,625 to €11,376
- Financial charges +€8,018
up €8,018 (+1,516%), from €529 to €8,547
- Taxes -€6,910
down €6,910 (-97.9%), from €7,059 to €149
- Other operating charges +€919
up €919 (+64.9%), from €1,415 to €2,334
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 | €126,910 | €300,639 | +€173,729 | +137% |
| Fixed assets | 21/28 | €2,071 | €202,576 | +€200,505 | +9,683% |
| Tangible fixed assets | 22/27 | €1,819 | €202,324 | +€200,505 | +11,022% |
| Land and buildings | 22 | - | €198,785 | +€198,785 | |
| Furniture and vehicles | 24 | €1,819 | €3,540 | +€1,721 | +94.6% |
| Financial fixed assets | 28 | €252 | €252 | = | 0.0% |
| Current assets | 29/58 | €124,840 | €98,063 | -€26,776 | -21.4% |
| Stocks and contracts in progress | 3 | €6,295 | €6,081 | -€214 | -3.4% |
| Stocks | 30/36 | €6,295 | €6,081 | -€214 | -3.4% |
| Amounts receivable within one year | 40/41 | €58,607 | €40,707 | -€17,900 | -30.5% |
| Trade receivables | 40 | €24,720 | €6,397 | -€18,323 | -74.1% |
| Other amounts receivable | 41 | €33,886 | €34,310 | +€424 | +1.2% |
| Cash at bank and in hand | 54/58 | €59,103 | €51,204 | -€7,898 | -13.4% |
| Deferred charges and accrued income | 490/1 | €835 | €71 | -€764 | -91.5% |
| Total equity and liabilities | 10/49 | €126,910 | €300,639 | +€173,729 | +137% |
| Equity | 10/15 | €107,368 | €105,590 | -€1,778 | -1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,308 | €97,530 | -€1,778 | -1.8% |
| Amounts payable | 17/49 | €19,543 | €195,050 | +€175,507 | +898% |
| Amounts payable after more than one year | 17 | - | €168,813 | +€168,813 | |
| Financial debts | 170/4 | - | €168,813 | +€168,813 | |
| Amounts payable within one year | 42/48 | €19,543 | €26,237 | +€6,695 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,250 | +€9,250 | |
| Trade debts | 44 | €5,022 | €6,179 | +€1,157 | +23.0% |
| Suppliers | 440/4 | €5,022 | €6,179 | +€1,157 | +23.0% |
| Taxes, remuneration and social security | 45 | €14,520 | €10,808 | -€3,712 | -25.6% |
| Taxes | 450/3 | €14,520 | €10,808 | -€3,712 | -25.6% |
| Remuneration, social security and pensions | 62 | €52 | €166 | +€114 | +221% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €11,376 | +€9,751 | +600% |
| Other operating charges | 640/8 | €1,415 | €2,334 | +€919 | +64.9% |
| Gross operating margin | 9900 | €36,443 | €20,792 | -€15,651 | -42.9% |
| Operating profit (loss) | 9901 | €33,352 | €6,917 | -€26,434 | -79.3% |
| Financial income | 75/76B | €4 | €0 | -€3 | -95.3% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -95.3% |
| Financial charges | 65/66B | €529 | €8,547 | +€8,018 | +1,516% |
| Recurring financial charges | 65 | €529 | €8,547 | +€8,018 | +1,516% |
| Profit (loss) for the period before taxes | 9903 | €32,826 | -€1,629 | -€34,456 | |
| Income taxes | 67/77 | €7,059 | €149 | -€6,910 | -97.9% |
| Profit (loss) for the period | 9904 | €25,768 | -€1,778 | -€27,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,768 | -€1,778 | -€27,546 |
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 14 October 2026 via checked.be.