Dr. Inge Hantson: what changed
Dr. Inge Hantson
Largest movements
- Current investments +€177,888
up €177,888 (+44.4%), from €400,447 to €578,335
- Cash -€122,821
down €122,821 (-45.8%), from €268,105 to €145,284
mainly Current investments (-€177,888) and Contributions, distributions and other (-€104,706)
- Receivables within one year -€44,302
down €44,302 (-66.7%), from €66,416 to €22,114
of which Trade receivables: -€25,421
- Other debts +€11,383
up €11,383 (+14.3%), from €79,600 to €90,983
- Trade debts -€9,041
down €9,041 (-99.1%), from €9,121 to €81
- Reserves +€7,853
up €7,853 (+1.2%), from €645,801 to €653,655
- Gross operating margin -€22,918
down €22,918 (-11.8%), from €194,827 to €171,908
- Taxes -€8,642
down €8,642 (-15.3%), from €56,575 to €47,933
- Financial income -€3,836
down €3,836 (-62.2%), from €6,170 to €2,334
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,320 | €760,063 | +€9,743 | +1.3% |
| Fixed assets | 21/28 | €15,353 | €14,330 | -€1,022 | -6.7% |
| Tangible fixed assets | 22/27 | €15,203 | €14,180 | -€1,022 | -6.7% |
| Plant, machinery and equipment | 23 | €2,335 | €1,331 | -€1,004 | -43.0% |
| Other tangible fixed assets | 26 | €12,867 | €12,850 | -€18 | -0.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €734,968 | €745,733 | +€10,765 | +1.5% |
| Amounts receivable within one year | 40/41 | €66,416 | €22,114 | -€44,302 | -66.7% |
| Trade receivables | 40 | €44,584 | €19,163 | -€25,421 | -57.0% |
| Other amounts receivable | 41 | €21,832 | €2,951 | -€18,881 | -86.5% |
| Current investments | 50/53 | €400,447 | €578,335 | +€177,888 | +44.4% |
| Cash at bank and in hand | 54/58 | €268,105 | €145,284 | -€122,821 | -45.8% |
| Total equity and liabilities | 10/49 | €750,320 | €760,063 | +€9,743 | +1.3% |
| Equity | 10/15 | €658,201 | €666,055 | +€7,853 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €645,801 | €653,655 | +€7,853 | +1.2% |
| Distributable reserves | 133 | €645,801 | €653,655 | +€7,853 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,119 | €94,009 | +€1,890 | +2.1% |
| Amounts payable within one year | 42/48 | €92,119 | €94,009 | +€1,890 | +2.1% |
| Trade debts | 44 | €9,121 | €81 | -€9,041 | -99.1% |
| Suppliers | 440/4 | €9,121 | €81 | -€9,041 | -99.1% |
| Taxes, remuneration and social security | 45 | €3,398 | €2,945 | -€453 | -13.3% |
| Taxes | 450/3 | €3,398 | €2,945 | -€453 | -13.3% |
| Other amounts payable | 47/48 | €79,600 | €90,983 | +€11,383 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €759 | €2,616 | +€1,857 | +245% |
| Other operating charges | 640/8 | €1,802 | €1,227 | -€574 | -31.9% |
| Gross operating margin | 9900 | €194,827 | €171,908 | -€22,918 | -11.8% |
| Operating profit (loss) | 9901 | €192,266 | €168,065 | -€24,201 | -12.6% |
| Financial income | 75/76B | €6,170 | €2,334 | -€3,836 | -62.2% |
| Recurring financial income | 75 | €6,170 | €2,334 | -€3,836 | -62.2% |
| Financial charges | 65/66B | €11,191 | €9,907 | -€1,285 | -11.5% |
| Recurring financial charges | 65 | €11,191 | €9,907 | -€1,285 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €187,244 | €160,492 | -€26,752 | -14.3% |
| Income taxes | 67/77 | €56,575 | €47,933 | -€8,642 | -15.3% |
| Profit (loss) for the period | 9904 | €130,669 | €112,559 | -€18,110 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,669 | €112,559 | -€18,110 | -13.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.