ETS HANON: 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.
ETS HANON
Largest movements
- Receivables within one year +€44,621
up €44,621 (+171%), from €26,094 to €70,715
of which Trade receivables: +€52,132
- Tangible fixed assets -€7,401
down €7,401 (-90.0%), from €8,225 to €824
of which Furniture and vehicles: -€6,526
- Intangible fixed assets +€3,506
new in 2025: €3,506
- Cash -€1,142
down €1,142 (-5.1%), from €22,547 to €21,405
mainly Receivables within one year (-€44,621) and Other debts (-€16,231)
- Reserves +€46,042
up €46,042 (+689%), from €6,683 to €52,725
- Tax, wage and social debts +€17,599
up €17,599 (+383%), from €4,594 to €22,193
of which Taxes: +€19,269
- Other debts -€16,231
down €16,231 (-75.0%), from €21,631 to €5,400
- Trade debts -€7,826
down €7,826 (-43.6%), from €17,958 to €10,133
- Purchases and services +€146,494
up €146,494 (+32.1%), from €456,135 to €602,629
- Gross operating margin +€32,947
up €32,947 (+18.4%), from €179,252 to €212,200
- Staff costs -€26,321
down €26,321 (-16.6%), from €158,783 to €132,462
- Taxes +€18,846
up €18,846 (+644%), from €2,924 to €21,770
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 | €56,867 | €96,451 | +€39,584 | +69.6% |
| Fixed assets | 21/28 | €8,225 | €4,331 | -€3,894 | -47.3% |
| Intangible fixed assets | 21 | - | €3,506 | +€3,506 | |
| Tangible fixed assets | 22/27 | €8,225 | €824 | -€7,401 | -90.0% |
| Plant, machinery and equipment | 23 | €875 | - | -€875 | |
| Furniture and vehicles | 24 | €7,350 | €824 | -€6,526 | -88.8% |
| Current assets | 29/58 | €48,642 | €92,120 | +€43,479 | +89.4% |
| Amounts receivable within one year | 40/41 | €26,094 | €70,715 | +€44,621 | +171% |
| Trade receivables | 40 | €18,583 | €70,715 | +€52,132 | +281% |
| Other amounts receivable | 41 | €7,511 | - | -€7,511 | |
| Cash at bank and in hand | 54/58 | €22,547 | €21,405 | -€1,142 | -5.1% |
| Total equity and liabilities | 10/49 | €56,867 | €96,451 | +€39,584 | +69.6% |
| Equity | 10/15 | €12,683 | €58,725 | +€46,042 | +363% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €6,683 | €52,725 | +€46,042 | +689% |
| Distributable reserves | 133 | €6,683 | €52,725 | +€46,042 | +689% |
| Amounts payable | 17/49 | €44,184 | €37,726 | -€6,458 | -14.6% |
| Amounts payable within one year | 42/48 | €44,184 | €37,726 | -€6,458 | -14.6% |
| Trade debts | 44 | €17,958 | €10,133 | -€7,826 | -43.6% |
| Suppliers | 440/4 | €17,958 | €10,133 | -€7,826 | -43.6% |
| Taxes, remuneration and social security | 45 | €4,594 | €22,193 | +€17,599 | +383% |
| Taxes | 450/3 | €2,924 | €22,193 | +€19,269 | +659% |
| Remuneration and social security | 454/9 | €1,670 | - | -€1,670 | |
| Other amounts payable | 47/48 | €21,631 | €5,400 | -€16,231 | -75.0% |
| Non-recurring operating income | 76A | €7,508 | €116 | -€7,392 | -98.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €456,135 | €602,629 | +€146,494 | +32.1% |
| Remuneration, social security and pensions | 62 | €158,783 | €132,462 | -€26,321 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,226 | €9,225 | +€999 | +12.1% |
| Other operating charges | 640/8 | €933 | €2,343 | +€1,409 | +151% |
| Non-recurring operating charges | 66A | €1,674 | €102 | -€1,572 | -93.9% |
| Gross operating margin | 9900 | €179,252 | €212,200 | +€32,947 | +18.4% |
| Operating profit (loss) | 9901 | €9,637 | €68,068 | +€58,431 | +606% |
| Financial charges | 65/66B | €30 | €256 | +€226 | +759% |
| Recurring financial charges | 65 | €30 | €256 | +€226 | +759% |
| Profit (loss) for the period before taxes | 9903 | €9,607 | €67,813 | +€58,205 | +606% |
| Income taxes | 67/77 | €2,924 | €21,770 | +€18,846 | +644% |
| Profit (loss) for the period | 9904 | €6,683 | €46,042 | +€39,360 | +589% |
| Profit (loss) for the period to be appropriated | 9905 | €6,683 | €46,042 | +€39,360 | +589% |
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.