Dr. D. Hannosset: 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.
Dr. D. Hannosset
Largest movements
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash -€113,276
down €113,276 (-67.4%), from €168,087 to €54,811
mainly Contributions, distributions and other (-€382,907) and Receivables within one year (-€74,824)
- Receivables within one year +€74,824
up €74,824, from €0 to €74,824
- Reserves -€294,207
down €294,207 (-100%), from €294,207 to €0
- Other debts +€97,350
up €97,350 (+3,461%), from €2,813 to €100,162
- Tax, wage and social debts +€3,450
up €3,450 (+11.8%), from €29,181 to €32,631
- Gross operating margin -€21,448
down €21,448 (-15.5%), from €138,129 to €116,680
- Taxes -€5,861
down €5,861 (-19.6%), from €29,919 to €24,057
- Financial charges +€2,230
up €2,230 (+106%), from €2,098 to €4,328
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 | €328,128 | €135,833 | -€192,296 | -58.6% |
| Fixed assets | 21/28 | €6,916 | €5,155 | -€1,761 | -25.5% |
| Tangible fixed assets | 22/27 | €6,916 | €5,155 | -€1,761 | -25.5% |
| Plant, machinery and equipment | 23 | €2,796 | €2,452 | -€345 | -12.3% |
| Furniture and vehicles | 24 | €4,120 | €2,703 | -€1,417 | -34.4% |
| Current assets | 29/58 | €321,212 | €130,678 | -€190,534 | -59.3% |
| Amounts receivable within one year | 40/41 | €0 | €74,824 | +€74,824 | |
| Other amounts receivable | 41 | €0 | €74,824 | +€74,824 | |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €168,087 | €54,811 | -€113,276 | -67.4% |
| Deferred charges and accrued income | 490/1 | €3,125 | €1,042 | -€2,083 | -66.7% |
| Total equity and liabilities | 10/49 | €328,128 | €135,833 | -€192,296 | -58.6% |
| Equity | 10/15 | €294,208 | €1 | -€294,207 | -100.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €294,207 | €0 | -€294,207 | -100% |
| Distributable reserves | 133 | €294,207 | €0 | -€294,207 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,920 | €135,832 | +€101,911 | +300% |
| Amounts payable within one year | 42/48 | €33,289 | €133,479 | +€100,191 | +301% |
| Trade debts | 44 | €1,295 | €686 | -€609 | -47.0% |
| Suppliers | 440/4 | €1,295 | €686 | -€609 | -47.0% |
| Taxes, remuneration and social security | 45 | €29,181 | €32,631 | +€3,450 | +11.8% |
| Taxes | 450/3 | €29,181 | €32,631 | +€3,450 | +11.8% |
| Other amounts payable | 47/48 | €2,813 | €100,162 | +€97,350 | +3,461% |
| Accrued charges and deferred income | 492/3 | €632 | €2,352 | +€1,721 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,799 | €1,761 | -€37 | -2.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €138,129 | €116,680 | -€21,448 | -15.5% |
| Operating profit (loss) | 9901 | €135,802 | €114,375 | -€21,427 | -15.8% |
| Financial income | 75/76B | €2,459 | €2,710 | +€252 | +10.2% |
| Recurring financial income | 75 | €2,459 | €2,710 | +€252 | +10.2% |
| Financial charges | 65/66B | €2,098 | €4,328 | +€2,230 | +106% |
| Recurring financial charges | 65 | €2,098 | €4,328 | +€2,230 | +106% |
| Profit (loss) for the period before taxes | 9903 | €136,163 | €112,758 | -€23,405 | -17.2% |
| Income taxes | 67/77 | €29,919 | €24,057 | -€5,861 | -19.6% |
| Profit (loss) for the period | 9904 | €106,244 | €88,700 | -€17,544 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,244 | €88,700 | -€17,544 | -16.5% |
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 29 October 2026 via checked.be.