DE HANTSETTERS: 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.
DE HANTSETTERS
Largest movements
- Current investments +€510,621
up €510,621 (+15.7%), from €3.3m to €3.8m
- Other debts +€824,908
up €824,908 (+224%), from €368,641 to €1.2m
- Reserves -€377,909
down €377,909 (-10.7%), from €3.5m to €3.1m
of which Distributable reserves: -€377,909
- Financial income -€201,792
down €201,792 (-28.2%), from €715,570 to €513,778
- Gross operating margin -€30,964
down €30,964 (-21.3%), from €145,090 to €114,127
- Taxes -€23,710
down €23,710 (-21.3%), from €111,351 to €87,641
- Depreciation -€3,566
down €3,566 (-11.4%), from €31,254 to €27,688
- Other operating charges -€1,988
down €1,988 (-27.5%), from €7,222 to €5,234
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 | €4,173,962 | €4,643,471 | +€469,509 | +11.2% |
| Fixed assets | 21/28 | €850,896 | €824,334 | -€26,562 | -3.1% |
| Tangible fixed assets | 22/27 | €670,246 | €643,684 | -€26,562 | -4.0% |
| Land and buildings | 22 | €669,571 | €642,930 | -€26,641 | -4.0% |
| Furniture and vehicles | 24 | €675 | €754 | +€79 | +11.7% |
| Financial fixed assets | 28 | €180,650 | €180,650 | = | 0.0% |
| Current assets | 29/58 | €3,323,066 | €3,819,137 | +€496,072 | +14.9% |
| Amounts receivable within one year | 40/41 | €32,752 | €31,612 | -€1,140 | -3.5% |
| Trade receivables | 40 | €32,647 | €31,507 | -€1,140 | -3.5% |
| Other amounts receivable | 41 | €105 | €105 | = | 0.0% |
| Current investments | 50/53 | €3,253,664 | €3,764,284 | +€510,621 | +15.7% |
| Cash at bank and in hand | 54/58 | €36,651 | €23,241 | -€13,410 | -36.6% |
| Total equity and liabilities | 10/49 | €4,173,962 | €4,643,471 | +€469,509 | +11.2% |
| Equity | 10/15 | €3,721,709 | €3,343,801 | -€377,909 | -10.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €3,521,094 | €3,143,185 | -€377,909 | -10.7% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,776 | €22,776 | = | 0.0% |
| Distributable reserves | 133 | €3,478,318 | €3,100,410 | -€377,909 | -10.9% |
| Profit (loss) carried forward | 14 | €615 | €615 | = | 0.0% |
| Amounts payable | 17/49 | €452,253 | €1,299,671 | +€847,418 | +187% |
| Amounts payable within one year | 42/48 | €452,253 | €1,299,671 | +€847,418 | +187% |
| Trade debts | 44 | €1,018 | €826 | -€192 | -18.8% |
| Suppliers | 440/4 | €1,018 | €826 | -€192 | -18.8% |
| Taxes, remuneration and social security | 45 | €82,593 | €105,294 | +€22,701 | +27.5% |
| Taxes | 450/3 | €82,593 | €105,294 | +€22,701 | +27.5% |
| Other amounts payable | 47/48 | €368,641 | €1,193,550 | +€824,908 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,254 | €27,688 | -€3,566 | -11.4% |
| Other operating charges | 640/8 | €7,222 | €5,234 | -€1,988 | -27.5% |
| Gross operating margin | 9900 | €145,090 | €114,127 | -€30,964 | -21.3% |
| Operating profit (loss) | 9901 | €106,615 | €81,205 | -€25,410 | -23.8% |
| Financial income | 75/76B | €715,570 | €513,778 | -€201,792 | -28.2% |
| Recurring financial income | 75 | €715,570 | €513,778 | -€201,792 | -28.2% |
| Financial charges | 65/66B | €28,938 | €27,505 | -€1,432 | -4.9% |
| Recurring financial charges | 65 | €28,938 | €27,505 | -€1,432 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €793,247 | €567,478 | -€225,770 | -28.5% |
| Income taxes | 67/77 | €111,351 | €87,641 | -€23,710 | -21.3% |
| Profit (loss) for the period | 9904 | €681,896 | €479,836 | -€202,060 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €681,896 | €479,836 | -€202,060 | -29.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.