HAPROCO: 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.
HAPROCO
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+36.4%), from €3.5m to €4.8m
of which Other amounts receivable: +€1.3m
- Other debts +€1.4m
up €1.4m (+48.0%), from €2.9m to €4.3m
- Financial income -€200,735
down €200,735 (-29.0%), from €691,677 to €490,942
- Financial charges -€100,058
down €100,058 (-12.5%), from €799,789 to €699,732
- Turnover -€30,000
down €30,000 (-18.8%), from €160,000 to €130,000
- Services and other goods +€2,285
up €2,285 (+7.2%), from €31,580 to €33,865
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,399,634 | €35,671,013 | +€1.3m | +3.7% |
| Fixed assets | 21/28 | €30,903,618 | €30,903,618 | = | 0.0% |
| Financial fixed assets | 28 | €30,903,618 | €30,903,618 | = | 0.0% |
| Affiliated companies | 280/1 | €30,903,618 | €30,903,618 | = | 0.0% |
| Participating interests | 280 | €19,403,618 | €19,403,618 | = | 0.0% |
| Amounts receivable | 281 | €11,500,000 | €11,500,000 | = | 0.0% |
| Current assets | 29/58 | €3,496,016 | €4,767,395 | +€1.3m | +36.4% |
| Amounts receivable within one year | 40/41 | €3,496,016 | €4,767,395 | +€1.3m | +36.4% |
| Trade receivables | 40 | €167 | €331 | +€164 | +98.2% |
| Other amounts receivable | 41 | €3,495,849 | €4,767,063 | +€1.3m | +36.4% |
| Total equity and liabilities | 10/49 | €34,399,634 | €35,671,013 | +€1.3m | +3.7% |
| Equity | 10/15 | €4,509,410 | €4,395,089 | -€114,322 | -2.5% |
| Contributions | 10/11 | €3,600,000 | €3,600,000 | = | 0.0% |
| Capital | 10 | €3,600,000 | €3,600,000 | = | 0.0% |
| Issued capital | 100 | €3,600,000 | €3,600,000 | = | 0.0% |
| Reserves | 13 | €360,000 | €360,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €360,000 | €360,000 | = | 0.0% |
| Legal reserve | 130 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €549,410 | €435,089 | -€114,322 | -20.8% |
| Amounts payable | 17/49 | €29,890,224 | €31,275,924 | +€1.4m | +4.6% |
| Amounts payable after more than one year | 17 | €27,000,000 | €27,000,000 | = | 0.0% |
| Financial debts | 170/4 | €27,000,000 | €27,000,000 | = | 0.0% |
| Other loans | 174 | €27,000,000 | €27,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,890,224 | €4,275,924 | +€1.4m | +47.9% |
| Trade debts | 44 | €93 | €263 | +€170 | +182% |
| Suppliers | 440/4 | €93 | €263 | +€170 | +182% |
| Taxes, remuneration and social security | 45 | €748 | €475 | -€273 | -36.5% |
| Taxes | 450/3 | €748 | €475 | -€273 | -36.5% |
| Other amounts payable | 47/48 | €2,889,383 | €4,275,187 | +€1.4m | +48.0% |
| Operating income | 70/76A | €160,000 | €130,000 | -€30,000 | -18.8% |
| Turnover | 70 | €160,000 | €130,000 | -€30,000 | -18.8% |
| Operating charges | 60/66A | €33,035 | €35,532 | +€2,498 | +7.6% |
| Services and other goods | 61 | €31,580 | €33,865 | +€2,285 | +7.2% |
| Other operating charges | 640/8 | €1,454 | €1,667 | +€213 | +14.6% |
| Operating profit (loss) | 9901 | €126,965 | €94,468 | -€32,498 | -25.6% |
| Financial income | 75/76B | €691,677 | €490,942 | -€200,735 | -29.0% |
| Recurring financial income | 75 | €691,677 | €490,942 | -€200,735 | -29.0% |
| Income from financial fixed assets | 750 | €284,415 | €368,853 | +€84,438 | +29.7% |
| Income from current assets | 751 | €407,261 | €122,089 | -€285,172 | -70.0% |
| Financial charges | 65/66B | €799,789 | €699,732 | -€100,058 | -12.5% |
| Recurring financial charges | 65 | €799,789 | €699,732 | -€100,058 | -12.5% |
| Debt charges | 650 | €799,123 | €699,034 | -€100,089 | -12.5% |
| Other financial charges | 652/9 | €667 | €698 | +€31 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €18,853 | -€114,322 | -€133,175 | |
| Income taxes | 67/77 | €1,370 | - | -€1,370 | |
| Taxes | 670/3 | €1,370 | - | -€1,370 | |
| Profit (loss) for the period | 9904 | €17,483 | -€114,322 | -€131,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,483 | -€114,322 | -€131,804 |
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 31 October 2026 via checked.be.