HAUSPIE: what changed
Two fiscal 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.
HAUSPIE
Largest movements
- Current investments +€200,000
up €200,000 (+100.0%), from €200,000 to €400,000
- Tangible fixed assets -€77,565
down €77,565 (-21.3%), from €364,193 to €286,628
of which Plant, machinery and equipment: -€54,220
- Cash +€63,448
up €63,448 (+48.0%), from €132,285 to €195,733
mainly Other debts (+€372,571) and Net result for the year (+€133,845)
- Receivables within one year -€35,292
down €35,292 (-60.9%), from €57,949 to €22,658
of which Other amounts receivable: -€30,310
- Stocks and contracts +€13,764
up €13,764 (+32.5%), from €42,365 to €56,129
- Other debts +€372,571
up €372,571 (+1927.8%), from €19,326 to €391,897
- Reserves -€245,631
down €245,631 (-34.9%), from €704,696 to €459,065
of which Distributable reserves: -€224,800
- Tax, wage and social debts +€42,174
up €42,174 (+30786.3%), from €137 to €42,311
- Gross operating margin +€47,620
up €47,620 (+17.4%), from €274,391 to €322,010
- Taxes +€15,002
up €15,002 (+31.1%), from €48,274 to €63,276
- Financial income +€3,274
up €3,274 (+42.0%), from €7,801 to €11,075
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €797,909 | €961,757 | +€163,848 | +20.5% |
| Fixed assets | 21/28 | €364,193 | €286,628 | -€77,565 | -21.3% |
| Tangible fixed assets | 22/27 | €364,193 | €286,628 | -€77,565 | -21.3% |
| Plant, machinery and equipment | 23 | €308,845 | €254,625 | -€54,220 | -17.6% |
| Furniture and vehicles | 24 | €55,348 | €32,003 | -€23,345 | -42.2% |
| Current assets | 29/58 | €433,716 | €675,129 | +€241,413 | +55.7% |
| Stocks and contracts in progress | 3 | €42,365 | €56,129 | +€13,764 | +32.5% |
| Stocks | 30/36 | €42,365 | €56,129 | +€13,764 | +32.5% |
| Amounts receivable within one year | 40/41 | €57,949 | €22,658 | -€35,292 | -60.9% |
| Trade receivables | 40 | €17,034 | €12,052 | -€4,981 | -29.2% |
| Other amounts receivable | 41 | €40,916 | €10,605 | -€30,310 | -74.1% |
| Current investments | 50/53 | €200,000 | €400,000 | +€200,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €132,285 | €195,733 | +€63,448 | +48.0% |
| Deferred charges and accrued income | 490/1 | €1,117 | €610 | -€507 | -45.4% |
| Total equity and liabilities | 10/49 | €797,909 | €961,757 | +€163,848 | +20.5% |
| Equity | 10/15 | €754,696 | €509,065 | -€245,631 | -32.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €704,696 | €459,065 | -€245,631 | -34.9% |
| Tax-exempt reserves | 132 | €66,639 | €45,808 | -€20,831 | -31.3% |
| Distributable reserves | 133 | €638,056 | €413,256 | -€224,800 | -35.2% |
| Provisions and deferred taxes | 16 | €22,213 | €15,269 | -€6,944 | -31.3% |
| Deferred taxes | 168 | €22,213 | €15,269 | -€6,944 | -31.3% |
| Amounts payable | 17/49 | €21,000 | €437,423 | +€416,423 | +1983.0% |
| Amounts payable within one year | 42/48 | €21,000 | €437,423 | +€416,423 | +1983.0% |
| Trade debts | 44 | €1,537 | €3,215 | +€1,678 | +109.1% |
| Suppliers | 440/4 | €1,537 | €3,215 | +€1,678 | +109.1% |
| Taxes, remuneration and social security | 45 | €137 | €42,311 | +€42,174 | +30786.3% |
| Taxes | 450/3 | €137 | €42,311 | +€42,174 | +30786.3% |
| Other amounts payable | 47/48 | €19,326 | €391,897 | +€372,571 | +1927.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,210 | €124,761 | +€1,551 | +1.3% |
| Other operating charges | 640/8 | €1,719 | €2,887 | +€1,168 | +67.9% |
| Gross operating margin | 9900 | €274,391 | €322,010 | +€47,620 | +17.4% |
| Operating profit (loss) | 9901 | €149,462 | €194,363 | +€44,901 | +30.0% |
| Financial income | 75/76B | €7,801 | €11,075 | +€3,274 | +42.0% |
| Recurring financial income | 75 | €7,801 | €11,075 | +€3,274 | +42.0% |
| Financial charges | 65/66B | €12,708 | €15,261 | +€2,553 | +20.1% |
| Recurring financial charges | 65 | €12,708 | €15,261 | +€2,553 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €144,556 | €190,177 | +€45,622 | +31.6% |
| Transfer from deferred taxes | 780 | €5,111 | €6,944 | +€1,833 | +35.9% |
| Income taxes | 67/77 | €48,274 | €63,276 | +€15,002 | +31.1% |
| Profit (loss) for the period | 9904 | €101,393 | €133,845 | +€32,452 | +32.0% |
| Transfer from tax-exempt reserves | 789 | €15,333 | €20,831 | +€5,498 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,726 | €154,676 | +€37,950 | +32.5% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.