IMMO HAPAWO: 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.
IMMO HAPAWO
Largest movements
- Receivables within one year -€307,936
down €307,936 (-25.3%), from €1.2m to €909,462
of which Other amounts receivable: -€242,199
- Cash -€209,159
down €209,159 (-41.6%), from €502,907 to €293,748
mainly Other debts (-€662,500) and Current investments (-€11,338)
- Other debts -€662,500
down €662,500 (-92.2%), from €718,495 to €55,995
- Reserves +€132,202
up €132,202 (+8.7%), from €1.5m to €1.6m
of which Distributable reserves: +€132,202
- Taxes -€153,272
down €153,272 (-75.8%), from €202,285 to €49,013
- Staff costs -€12,950
down €12,950 (-4.1%), from €312,527 to €299,578
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 | €2,623,398 | €2,106,584 | -€516,814 | -19.7% |
| Fixed assets | 21/28 | €606,076 | €593,985 | -€12,091 | -2.0% |
| Tangible fixed assets | 22/27 | €606,076 | €593,985 | -€12,091 | -2.0% |
| Land and buildings | 22 | €606,076 | €593,985 | -€12,091 | -2.0% |
| Current assets | 29/58 | €2,017,322 | €1,512,599 | -€504,723 | -25.0% |
| Amounts receivable within one year | 40/41 | €1,217,399 | €909,462 | -€307,936 | -25.3% |
| Trade receivables | 40 | €398,035 | €332,298 | -€65,737 | -16.5% |
| Other amounts receivable | 41 | €819,363 | €577,164 | -€242,199 | -29.6% |
| Current investments | 50/53 | €283,894 | €295,232 | +€11,338 | +4.0% |
| Cash at bank and in hand | 54/58 | €502,907 | €293,748 | -€209,159 | -41.6% |
| Deferred charges and accrued income | 490/1 | €13,123 | €14,156 | +€1,034 | +7.9% |
| Total equity and liabilities | 10/49 | €2,623,398 | €2,106,584 | -€516,814 | -19.7% |
| Equity | 10/15 | €1,763,115 | €1,895,317 | +€132,202 | +7.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,513,115 | €1,645,317 | +€132,202 | +8.7% |
| Non-distributable reserves | 130/1 | €76,003 | €76,003 | = | 0.0% |
| Legal reserve | 130 | €76,003 | €76,003 | = | 0.0% |
| Distributable reserves | 133 | €1,437,112 | €1,569,314 | +€132,202 | +9.2% |
| Amounts payable | 17/49 | €860,283 | €211,267 | -€649,016 | -75.4% |
| Amounts payable within one year | 42/48 | €767,458 | €104,785 | -€662,673 | -86.3% |
| Trade debts | 44 | €4,564 | €4,757 | +€193 | +4.2% |
| Suppliers | 440/4 | €4,564 | €4,757 | +€193 | +4.2% |
| Taxes, remuneration and social security | 45 | €44,399 | €44,033 | -€366 | -0.8% |
| Taxes | 450/3 | €18,522 | €15,175 | -€3,347 | -18.1% |
| Remuneration and social security | 454/9 | €25,877 | €28,859 | +€2,981 | +11.5% |
| Other amounts payable | 47/48 | €718,495 | €55,995 | -€662,500 | -92.2% |
| Accrued charges and deferred income | 492/3 | €92,825 | €106,482 | +€13,657 | +14.7% |
| Remuneration, social security and pensions | 62 | €312,527 | €299,578 | -€12,950 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,091 | €12,091 | = | 0.0% |
| Other operating charges | 640/8 | €26,787 | €27,560 | +€772 | +2.9% |
| Gross operating margin | 9900 | €502,237 | €505,062 | +€2,826 | +0.6% |
| Operating profit (loss) | 9901 | €150,831 | €165,834 | +€15,003 | +9.9% |
| Financial income | 75/76B | €19,469 | €15,909 | -€3,560 | -18.3% |
| Recurring financial income | 75 | €19,469 | €15,909 | -€3,560 | -18.3% |
| Financial charges | 65/66B | €993 | €528 | -€464 | -46.8% |
| Recurring financial charges | 65 | €993 | €528 | -€464 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €169,308 | €181,215 | +€11,907 | +7.0% |
| Transfer from deferred taxes | 780 | €160,000 | - | -€160,000 | |
| Income taxes | 67/77 | €202,285 | €49,013 | -€153,272 | -75.8% |
| Profit (loss) for the period | 9904 | €127,023 | €132,202 | +€5,180 | +4.1% |
| Transfer from tax-exempt reserves | 789 | €480,000 | - | -€480,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €607,023 | €132,202 | -€474,820 | -78.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.