BRITTSEN & HANSSEN: 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.
BRITTSEN & HANSSEN
Largest movements
- Cash -€15,416
down €15,416 (-11.6%), from €132,699 to €117,283
mainly Contributions, distributions and other (-€26,988) and Deferred charges and accrued income (-€3,442)
- Tangible fixed assets -€11,245
down €11,245 (-30.6%), from €36,784 to €25,539
of which Furniture and vehicles: -€10,873
- Receivables within one year -€4,643
down €4,643 (-43.3%), from €10,728 to €6,085
of which Trade receivables: -€5,009
- Deferred charges and accrued income +€3,442
up €3,442 (+9,080%), from €38 to €3,480
- Reserves -€26,898
down €26,898 (-16.8%), from €159,945 to €133,047
of which Distributable reserves: -€26,898
- Tax, wage and social debts -€2,116
down €2,116 (-45.2%), from €4,677 to €2,561
- Gross operating margin -€9,755
down €9,755 (-41.9%), from €23,271 to €13,516
- Taxes -€4,557
down €4,557 (-80.1%), from €5,685 to €1,129
- Depreciation -€374
down €374 (-3.1%), from €11,999 to €11,625
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 | €182,552 | €154,907 | -€27,645 | -15.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €36,784 | €25,539 | -€11,245 | -30.6% |
| Tangible fixed assets | 22/27 | €36,784 | €25,539 | -€11,245 | -30.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €372 | €0 | -€372 | -100% |
| Furniture and vehicles | 24 | €36,412 | €25,539 | -€10,873 | -29.9% |
| Current assets | 29/58 | €145,768 | €129,368 | -€16,400 | -11.3% |
| Stocks and contracts in progress | 3 | €2,303 | €2,519 | +€216 | +9.4% |
| Stocks | 30/36 | €2,303 | €2,519 | +€216 | +9.4% |
| Amounts receivable within one year | 40/41 | €10,728 | €6,085 | -€4,643 | -43.3% |
| Trade receivables | 40 | €10,722 | €5,714 | -€5,009 | -46.7% |
| Other amounts receivable | 41 | €5 | €371 | +€366 | +7,138% |
| Cash at bank and in hand | 54/58 | €132,699 | €117,283 | -€15,416 | -11.6% |
| Deferred charges and accrued income | 490/1 | €38 | €3,480 | +€3,442 | +9,080% |
| Total equity and liabilities | 10/49 | €182,552 | €154,907 | -€27,645 | -15.1% |
| Equity | 10/15 | €172,345 | €145,447 | -€26,898 | -15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,945 | €133,047 | -€26,898 | -16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €158,085 | €131,187 | -€26,898 | -17.0% |
| Amounts payable | 17/49 | €10,207 | €9,460 | -€747 | -7.3% |
| Amounts payable within one year | 42/48 | €10,207 | €9,460 | -€747 | -7.3% |
| Financial debts | 43 | €1,509 | €1,515 | +€6 | +0.4% |
| Credit institutions | 430/8 | €1,509 | €1,515 | +€6 | +0.4% |
| Trade debts | 44 | €884 | €1,618 | +€735 | +83.1% |
| Suppliers | 440/4 | €884 | €1,618 | +€735 | +83.1% |
| Taxes, remuneration and social security | 45 | €4,677 | €2,561 | -€2,116 | -45.2% |
| Taxes | 450/3 | €4,677 | €2,561 | -€2,116 | -45.2% |
| Other amounts payable | 47/48 | €3,137 | €3,766 | +€629 | +20.0% |
| Non-recurring operating income | 76A | €2,190 | - | -€2,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,999 | €11,625 | -€374 | -3.1% |
| Other operating charges | 640/8 | €347 | €406 | +€59 | +16.9% |
| Gross operating margin | 9900 | €23,271 | €13,516 | -€9,755 | -41.9% |
| Operating profit (loss) | 9901 | €10,925 | €1,485 | -€9,439 | -86.4% |
| Financial income | 75/76B | €79 | €132 | +€52 | +65.7% |
| Recurring financial income | 75 | €79 | €132 | +€52 | +65.7% |
| Financial charges | 65/66B | €324 | €398 | +€74 | +23.0% |
| Recurring financial charges | 65 | €324 | €398 | +€74 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €10,680 | €1,219 | -€9,462 | -88.6% |
| Income taxes | 67/77 | €5,685 | €1,129 | -€4,557 | -80.1% |
| Profit (loss) for the period | 9904 | €4,995 | €90 | -€4,905 | -98.2% |
| Transfer from tax-exempt reserves | 789 | €9,566 | - | -€9,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,561 | €90 | -€14,471 | -99.4% |
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 16 October 2026 via checked.be.