HATCUP: 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.
HATCUP
Largest movements
- Cash -€19,940
down €19,940 (-12.6%), from €157,925 to €137,985
mainly Contributions, distributions and other (-€180,000) and Receivables within one year (-€10,825)
- Receivables within one year +€10,825
up €10,825 (+9.5%), from €113,809 to €124,634
of which Trade receivables: +€7,204
- Other debts +€99,600
up €99,600 (+208%), from €48,000 to €147,600
- Profit (loss) carried forward -€99,537
down €99,537 (-58.5%), from €170,062 to €70,525
- Tax, wage and social debts -€8,206
down €8,206 (-16.1%), from €51,048 to €42,842
- Taxes -€2,626
down €2,626 (-9.0%), from €29,247 to €26,621
- Financial charges +€1,437
up €1,437 (+954%), from €151 to €1,587
- Gross operating margin -€1,314
down €1,314 (-1.2%), from €111,387 to €110,073
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 | €273,910 | €264,679 | -€9,231 | -3.4% |
| Fixed assets | 21/28 | €2,176 | €1,387 | -€789 | -36.2% |
| Tangible fixed assets | 22/27 | €2,176 | €1,387 | -€789 | -36.2% |
| Furniture and vehicles | 24 | €2,176 | €1,387 | -€789 | -36.2% |
| Current assets | 29/58 | €271,734 | €263,292 | -€8,442 | -3.1% |
| Amounts receivable within one year | 40/41 | €113,809 | €124,634 | +€10,825 | +9.5% |
| Trade receivables | 40 | €27,352 | €34,556 | +€7,204 | +26.3% |
| Other amounts receivable | 41 | €86,457 | €90,078 | +€3,621 | +4.2% |
| Cash at bank and in hand | 54/58 | €157,925 | €137,985 | -€19,940 | -12.6% |
| Deferred charges and accrued income | 490/1 | - | €673 | +€673 | |
| Total equity and liabilities | 10/49 | €273,910 | €264,679 | -€9,231 | -3.4% |
| Equity | 10/15 | €173,062 | €73,525 | -€99,537 | -57.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,062 | €70,525 | -€99,537 | -58.5% |
| Amounts payable | 17/49 | €100,848 | €191,154 | +€90,306 | +89.5% |
| Amounts payable within one year | 42/48 | €100,848 | €190,942 | +€90,094 | +89.3% |
| Trade debts | 44 | €1,800 | €499 | -€1,300 | -72.2% |
| Suppliers | 440/4 | €1,800 | €499 | -€1,300 | -72.2% |
| Taxes, remuneration and social security | 45 | €51,048 | €42,842 | -€8,206 | -16.1% |
| Taxes | 450/3 | €51,048 | €42,842 | -€8,206 | -16.1% |
| Other amounts payable | 47/48 | €48,000 | €147,600 | +€99,600 | +208% |
| Accrued charges and deferred income | 492/3 | - | €213 | +€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €789 | +€425 | +117% |
| Other operating charges | 640/8 | €571 | €613 | +€42 | +7.4% |
| Gross operating margin | 9900 | €111,387 | €110,073 | -€1,314 | -1.2% |
| Operating profit (loss) | 9901 | €110,453 | €108,671 | -€1,781 | -1.6% |
| Financial charges | 65/66B | €151 | €1,587 | +€1,437 | +954% |
| Recurring financial charges | 65 | €151 | €1,587 | +€1,437 | +954% |
| Profit (loss) for the period before taxes | 9903 | €110,302 | €107,084 | -€3,218 | -2.9% |
| Income taxes | 67/77 | €29,247 | €26,621 | -€2,626 | -9.0% |
| Profit (loss) for the period | 9904 | €81,055 | €80,463 | -€592 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,055 | €80,463 | -€592 | -0.7% |
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.