HAN TRANS: 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.
HAN TRANS
Largest movements
- Tangible fixed assets -€117,222
down €117,222 (-48.4%), from €242,207 to €124,985
of which Leasing and similar rights: -€69,840
- Cash -€51,325
down €51,325 (-19.2%), from €266,720 to €215,395
mainly Current portion of long-term debt (-€90,828) and Accrued charges and deferred income (-€78,658)
- Receivables within one year +€40,702
up €40,702 (+280%), from €14,523 to €55,225
of which Trade receivables: +€55,225
- Current portion of long-term debt -€90,828
down €90,828 (-93.5%), from €97,152 to €6,324
- Accrued charges and deferred income -€78,658
down €78,658 (-100%), from €78,658 to €0
- Profit (loss) carried forward +€56,626
up €56,626 (+36.3%), from €156,198 to €212,824
- Debts after one year -€41,255
down €41,255 (-54.0%), from €76,422 to €35,167
- Short-term financial debts +€22,450
new in 2025: €22,450
of which Other loans: +€16,425
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Purchases and services -€791,414
no longer reported in 2025 (was €791,414)
- Gross operating margin +€80,093
up €80,093 (+17.9%), from €446,345 to €526,438
- Depreciation +€80,090
new in 2025: €80,090
- Other operating charges -€31,568
down €31,568 (-88.7%), from €35,600 to €4,032
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 | €557,451 | €431,105 | -€126,346 | -22.7% |
| Fixed assets | 21/28 | €276,207 | €160,485 | -€115,722 | -41.9% |
| Tangible fixed assets | 22/27 | €242,207 | €124,985 | -€117,222 | -48.4% |
| Plant, machinery and equipment | 23 | €2,856 | €2,856 | = | 0.0% |
| Furniture and vehicles | 24 | €163,882 | €116,500 | -€47,382 | -28.9% |
| Leasing and similar rights | 25 | €75,469 | €5,629 | -€69,840 | -92.5% |
| Financial fixed assets | 28 | €34,000 | €35,500 | +€1,500 | +4.4% |
| Current assets | 29/58 | €281,243 | €270,620 | -€10,624 | -3.8% |
| Amounts receivable within one year | 40/41 | €14,523 | €55,225 | +€40,702 | +280% |
| Trade receivables | 40 | - | €55,225 | +€55,225 | |
| Other amounts receivable | 41 | €14,523 | - | -€14,523 | |
| Cash at bank and in hand | 54/58 | €266,720 | €215,395 | -€51,325 | -19.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €557,451 | €431,105 | -€126,346 | -22.7% |
| Equity | 10/15 | €176,658 | €233,284 | +€56,626 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,198 | €212,824 | +€56,626 | +36.3% |
| Amounts payable | 17/49 | €380,793 | €197,821 | -€182,972 | -48.1% |
| Amounts payable after more than one year | 17 | €76,422 | €35,167 | -€41,255 | -54.0% |
| Financial debts | 170/4 | €76,422 | €35,167 | -€41,255 | -54.0% |
| Amounts payable within one year | 42/48 | €225,713 | €162,654 | -€63,059 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €97,152 | €6,324 | -€90,828 | -93.5% |
| Financial debts | 43 | - | €22,450 | +€22,450 | |
| Credit institutions | 430/8 | - | €6,024 | +€6,024 | |
| Other loans | 439 | - | €16,425 | +€16,425 | |
| Trade debts | 44 | €110,431 | €105,523 | -€4,907 | -4.4% |
| Suppliers | 440/4 | €110,431 | €105,523 | -€4,907 | -4.4% |
| Taxes, remuneration and social security | 45 | €18,130 | €28,357 | +€10,227 | +56.4% |
| Taxes | 450/3 | - | €5,702 | +€5,702 | |
| Remuneration and social security | 454/9 | €18,130 | €22,655 | +€4,525 | +25.0% |
| Accrued charges and deferred income | 492/3 | €78,658 | €0 | -€78,658 | -100% |
| Turnover | 70 | €1,237,759 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €791,414 | - | -€791,414 | |
| Remuneration, social security and pensions | 62 | €376,078 | €377,931 | +€1,853 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €80,090 | +€80,090 | |
| Other operating charges | 640/8 | €35,600 | €4,032 | -€31,568 | -88.7% |
| Gross operating margin | 9900 | €446,345 | €526,438 | +€80,093 | +17.9% |
| Operating profit (loss) | 9901 | €34,667 | €64,385 | +€29,718 | +85.7% |
| Financial charges | 65/66B | €1,817 | €7,758 | +€5,942 | +327% |
| Recurring financial charges | 65 | €1,341 | €7,758 | +€6,417 | +478% |
| Non-recurring financial charges | 66B | €476 | - | -€476 | |
| Profit (loss) for the period before taxes | 9903 | €32,850 | €56,626 | +€23,777 | +72.4% |
| Income taxes | 67/77 | €4,780 | - | -€4,780 | |
| Profit (loss) for the period | 9904 | €28,070 | €56,626 | +€28,557 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €28,070 | €56,626 | +€28,557 | +102% |
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 17 October 2026 via checked.be.