HASSOVET: 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.
HASSOVET
Largest movements
- Tangible fixed assets -€20,939
down €20,939 (-6.6%), from €317,951 to €297,012
- Receivables within one year +€11,454
up €11,454 (+97.3%), from €11,777 to €23,230
of which Other amounts receivable: +€11,338
- Cash -€10,452
down €10,452 (-8.1%), from €129,360 to €118,907
mainly Contributions, distributions and other (-€53,101) and Debts after one year (-€23,764)
- Intangible fixed assets -€7,774
down €7,774 (-7.7%), from €101,061 to €93,287
- Other debts +€36,286
up €36,286 (+6,680%), from €543 to €36,829
- Reserves -€30,120
down €30,120 (-11.7%), from €257,466 to €227,346
of which Distributable reserves: -€30,120
- Debts after one year -€23,764
down €23,764 (-9.0%), from €264,027 to €240,263
- Trade debts -€16,559
down €16,559 (-96.7%), from €17,119 to €559
- Gross operating margin -€89,095
down €89,095 (-51.1%), from €174,201 to €85,106
- Taxes -€18,324
down €18,324 (-67.8%), from €27,044 to €8,721
- Financial income +€12,948
up €12,948, from €0 to €12,948
- Staff costs -€7,308
down €7,308 (-23.0%), from €31,827 to €24,519
- Financial charges -€1,860
down €1,860 (-17.3%), from €10,762 to €8,902
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 | €616,197 | €588,333 | -€27,864 | -4.5% |
| Fixed assets | 21/28 | €419,012 | €390,299 | -€28,713 | -6.9% |
| Intangible fixed assets | 21 | €101,061 | €93,287 | -€7,774 | -7.7% |
| Tangible fixed assets | 22/27 | €317,951 | €297,012 | -€20,939 | -6.6% |
| Land and buildings | 22 | €225,961 | €219,027 | -€6,933 | -3.1% |
| Plant, machinery and equipment | 23 | €71,785 | €63,811 | -€7,973 | -11.1% |
| Furniture and vehicles | 24 | €20,206 | €14,174 | -€6,032 | -29.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €197,185 | €198,034 | +€849 | +0.4% |
| Stocks and contracts in progress | 3 | €53,521 | €54,255 | +€734 | +1.4% |
| Stocks | 30/36 | €53,521 | €54,255 | +€734 | +1.4% |
| Amounts receivable within one year | 40/41 | €11,777 | €23,230 | +€11,454 | +97.3% |
| Trade receivables | 40 | €196 | €312 | +€116 | +59.1% |
| Other amounts receivable | 41 | €11,580 | €22,918 | +€11,338 | +97.9% |
| Cash at bank and in hand | 54/58 | €129,360 | €118,907 | -€10,452 | -8.1% |
| Deferred charges and accrued income | 490/1 | €2,528 | €1,641 | -€886 | -35.1% |
| Total equity and liabilities | 10/49 | €616,197 | €588,333 | -€27,864 | -4.5% |
| Equity | 10/15 | €285,870 | €255,750 | -€30,120 | -10.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €257,466 | €227,346 | -€30,120 | -11.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €257,466 | €227,346 | -€30,120 | -11.7% |
| Profit (loss) carried forward | 14 | €9,853 | €9,853 | = | 0.0% |
| Amounts payable | 17/49 | €330,327 | €332,583 | +€2,256 | +0.7% |
| Amounts payable after more than one year | 17 | €264,027 | €240,263 | -€23,764 | -9.0% |
| Financial debts | 170/4 | €264,027 | €240,263 | -€23,764 | -9.0% |
| Amounts payable within one year | 42/48 | €66,300 | €92,320 | +€26,020 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €22,706 | €23,565 | +€859 | +3.8% |
| Trade debts | 44 | €17,119 | €559 | -€16,559 | -96.7% |
| Suppliers | 440/4 | €17,119 | €559 | -€16,559 | -96.7% |
| Taxes, remuneration and social security | 45 | €25,932 | €31,366 | +€5,435 | +21.0% |
| Taxes | 450/3 | €21,846 | €26,660 | +€4,814 | +22.0% |
| Remuneration and social security | 454/9 | €4,085 | €4,706 | +€621 | +15.2% |
| Other amounts payable | 47/48 | €543 | €36,829 | +€36,286 | +6,680% |
| Remuneration, social security and pensions | 62 | €31,827 | €24,519 | -€7,308 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,449 | €30,429 | +€980 | +3.3% |
| Other operating charges | 640/8 | €2,650 | €2,501 | -€149 | -5.6% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €174,201 | €85,106 | -€89,095 | -51.1% |
| Operating profit (loss) | 9901 | €110,275 | €27,655 | -€82,620 | -74.9% |
| Financial income | 75/76B | €0 | €12,948 | +€12,948 | |
| Recurring financial income | 75 | €0 | €12,948 | +€12,948 | |
| Financial charges | 65/66B | €10,762 | €8,902 | -€1,860 | -17.3% |
| Recurring financial charges | 65 | €10,762 | €8,902 | -€1,860 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €99,513 | €31,701 | -€67,812 | -68.1% |
| Income taxes | 67/77 | €27,044 | €8,721 | -€18,324 | -67.8% |
| Profit (loss) for the period | 9904 | €72,469 | €22,981 | -€49,488 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,469 | €22,981 | -€49,488 | -68.3% |
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 30 October 2026 via checked.be.