ADRIEN HANOTEAU: 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.
ADRIEN HANOTEAU
Largest movements
- Current investments -€28,007
down €28,007 (-53.5%), from €52,336 to €24,330
- Receivables within one year +€18,531
up €18,531 (+28.7%), from €64,640 to €83,171
of which Other amounts receivable: +€16,715
- Tangible fixed assets -€11,237
down €11,237 (-5.5%), from €205,926 to €194,690
of which Land and buildings: -€7,285
- Reserves +€11,905
up €11,905 (+11.7%), from €101,870 to €113,774
of which Distributable reserves: +€11,905
- Other debts -€11,349
down €11,349 (-93.2%), from €12,182 to €833
- Debts after one year -€10,927
down €10,927 (-34.2%), from €31,903 to €20,976
- Tax, wage and social debts -€9,660
down €9,660 (-68.0%), from €14,201 to €4,541
- Gross operating margin -€4,420
down €4,420 (-11.0%), from €40,144 to €35,725
- Taxes -€2,069
down €2,069 (-20.9%), from €9,892 to €7,823
- Depreciation -€990
down €990 (-8.1%), from €12,227 to €11,237
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,128 | €304,162 | -€20,967 | -6.4% |
| Fixed assets | 21/28 | €205,926 | €194,690 | -€11,237 | -5.5% |
| Tangible fixed assets | 22/27 | €205,926 | €194,690 | -€11,237 | -5.5% |
| Land and buildings | 22 | €198,377 | €191,092 | -€7,285 | -3.7% |
| Plant, machinery and equipment | 23 | €3,583 | €2,913 | -€671 | -18.7% |
| Furniture and vehicles | 24 | €3,966 | €684 | -€3,281 | -82.7% |
| Current assets | 29/58 | €119,202 | €109,472 | -€9,730 | -8.2% |
| Amounts receivable within one year | 40/41 | €64,640 | €83,171 | +€18,531 | +28.7% |
| Trade receivables | 40 | €64,640 | €66,456 | +€1,816 | +2.8% |
| Other amounts receivable | 41 | - | €16,715 | +€16,715 | |
| Current investments | 50/53 | €52,336 | €24,330 | -€28,007 | -53.5% |
| Cash at bank and in hand | 54/58 | €8 | €8 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,218 | €1,963 | -€254 | -11.5% |
| Total equity and liabilities | 10/49 | €325,128 | €304,162 | -€20,967 | -6.4% |
| Equity | 10/15 | €245,756 | €258,019 | +€12,262 | +5.0% |
| Contributions | 10/11 | €88,836 | €88,836 | = | 0.0% |
| Reserves | 13 | €101,870 | €113,774 | +€11,905 | +11.7% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €95,010 | €106,914 | +€11,905 | +12.5% |
| Profit (loss) carried forward | 14 | €55,051 | €55,408 | +€357 | +0.6% |
| Amounts payable | 17/49 | €79,372 | €46,143 | -€33,229 | -41.9% |
| Amounts payable after more than one year | 17 | €31,903 | €20,976 | -€10,927 | -34.2% |
| Financial debts | 170/4 | €31,903 | €20,976 | -€10,927 | -34.2% |
| Amounts payable within one year | 42/48 | €45,795 | €24,579 | -€21,216 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €11,787 | €12,230 | +€443 | +3.8% |
| Financial debts | 43 | €4,950 | €5,000 | +€50 | +1.0% |
| Credit institutions | 430/8 | €4,950 | €5,000 | +€50 | +1.0% |
| Trade debts | 44 | €2,675 | €1,975 | -€700 | -26.2% |
| Suppliers | 440/4 | €2,675 | €1,975 | -€700 | -26.2% |
| Taxes, remuneration and social security | 45 | €14,201 | €4,541 | -€9,660 | -68.0% |
| Taxes | 450/3 | €14,201 | €4,541 | -€9,660 | -68.0% |
| Other amounts payable | 47/48 | €12,182 | €833 | -€11,349 | -93.2% |
| Accrued charges and deferred income | 492/3 | €1,674 | €588 | -€1,086 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,227 | €11,237 | -€990 | -8.1% |
| Other operating charges | 640/8 | €1,683 | €1,604 | -€79 | -4.7% |
| Gross operating margin | 9900 | €40,144 | €35,725 | -€4,420 | -11.0% |
| Operating profit (loss) | 9901 | €26,235 | €22,884 | -€3,351 | -12.8% |
| Financial income | 75/76B | €190 | €357 | +€167 | +87.6% |
| Recurring financial income | 75 | €190 | €357 | +€167 | +87.6% |
| Financial charges | 65/66B | €2,698 | €2,322 | -€376 | -14.0% |
| Recurring financial charges | 65 | €2,698 | €2,322 | -€376 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €23,727 | €20,919 | -€2,808 | -11.8% |
| Income taxes | 67/77 | €9,892 | €7,823 | -€2,069 | -20.9% |
| Profit (loss) for the period | 9904 | €13,835 | €13,095 | -€739 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,835 | €13,095 | -€739 | -5.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.