PHILIPPE HASPESLAGH: what changed
PHILIPPE HASPESLAGH
Largest movements
- Tangible fixed assets -€17,619
down €17,619 (-20.5%), from €85,935 to €68,315
of which Land and buildings: -€16,355
- Cash -€16,326
down €16,326 (-19.2%), from €85,211 to €68,885
mainly Net result for the year (-€33,087) and Receivables within one year (-€4,788)
- Receivables within one year +€4,788
up €4,788 (+94.3%), from €5,079 to €9,867
of which Trade receivables: +€4,544
- Profit (loss) carried forward -€33,087
down €33,087 (-48.3%), from €68,502 to €35,415
- Other debts +€3,841
up €3,841 (+269%), from €1,430 to €5,271
- Trade debts -€2,696
down €2,696 (-72.2%), from €3,733 to €1,037
- Gross operating margin +€13,757
up €13,757 (+57.9%), from -€23,757 to -€10,000
- Other operating charges +€2,267
up €2,267 (+70.7%), from €3,209 to €5,476
- Depreciation -€400
down €400 (-2.2%), from €18,020 to €17,619
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,625 | €147,067 | -€30,558 | -17.2% |
| Fixed assets | 21/28 | €87,335 | €68,315 | -€19,019 | -21.8% |
| Tangible fixed assets | 22/27 | €85,935 | €68,315 | -€17,619 | -20.5% |
| Land and buildings | 22 | €81,325 | €64,969 | -€16,355 | -20.1% |
| Furniture and vehicles | 24 | €4,610 | €3,346 | -€1,264 | -27.4% |
| Financial fixed assets | 28 | €1,400 | - | -€1,400 | |
| Current assets | 29/58 | €90,290 | €78,752 | -€11,538 | -12.8% |
| Amounts receivable within one year | 40/41 | €5,079 | €9,867 | +€4,788 | +94.3% |
| Trade receivables | 40 | €1,150 | €5,693 | +€4,544 | +395% |
| Other amounts receivable | 41 | €3,930 | €4,174 | +€244 | +6.2% |
| Cash at bank and in hand | 54/58 | €85,211 | €68,885 | -€16,326 | -19.2% |
| Total equity and liabilities | 10/49 | €177,625 | €147,067 | -€30,558 | -17.2% |
| Equity | 10/15 | €172,462 | €139,375 | -€33,087 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,360 | €85,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,500 | €83,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,502 | €35,415 | -€33,087 | -48.3% |
| Amounts payable | 17/49 | €5,163 | €7,693 | +€2,529 | +49.0% |
| Amounts payable within one year | 42/48 | €5,163 | €7,693 | +€2,529 | +49.0% |
| Trade debts | 44 | €3,733 | €1,037 | -€2,696 | -72.2% |
| Suppliers | 440/4 | €3,733 | €1,037 | -€2,696 | -72.2% |
| Taxes, remuneration and social security | 45 | - | €1,384 | +€1,384 | |
| Taxes | 450/3 | - | €1,384 | +€1,384 | |
| Other amounts payable | 47/48 | €1,430 | €5,271 | +€3,841 | +269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,020 | €17,619 | -€400 | -2.2% |
| Other operating charges | 640/8 | €3,209 | €5,476 | +€2,267 | +70.7% |
| Gross operating margin | 9900 | -€23,757 | -€10,000 | +€13,757 | +57.9% |
| Operating profit (loss) | 9901 | -€44,985 | -€33,095 | +€11,890 | +26.4% |
| Financial income | 75/76B | €364 | €289 | -€75 | -20.6% |
| Recurring financial income | 75 | €364 | €289 | -€75 | -20.6% |
| Financial charges | 65/66B | €119 | €194 | +€75 | +63.5% |
| Recurring financial charges | 65 | €119 | €194 | +€75 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,740 | -€33,000 | +€11,740 | +26.2% |
| Income taxes | 67/77 | €160 | €87 | -€74 | -46.1% |
| Profit (loss) for the period | 9904 | -€44,901 | -€33,087 | +€11,814 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,901 | -€33,087 | +€11,814 | +26.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.