HANALEI: what changed
Two fiscal 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.
HANALEI
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+105.8%), from €989,332 to €2.0m
of which Other amounts receivable: +€1.0m
- Cash -€242,563
down €242,563 (-100.0%), from €242,563 to €0
mainly Receivables within one year (-€1.0m) and Contributions, distributions and other (-€408,990)
- Tangible fixed assets +€59,278
new in 2026: €59,278
- Intangible fixed assets -€28,884
down €28,884 (-14.3%), from €201,852 to €172,969
- Deferred charges and accrued income -€23,831
down €23,831 (-63.1%), from €37,747 to €13,917
- Trade debts +€853,602
up €853,602 (+132.1%), from €646,128 to €1.5m
- Other debts +€408,990
new in 2026: €408,990
- Profit (loss) carried forward -€352,714
down €352,714 (-100.0%), from €352,714 to €0
- Accrued charges and deferred income -€61,212
down €61,212 (-74.9%), from €81,752 to €20,540
- Tax, wage and social debts -€28,113
down €28,113 (-14.6%), from €191,929 to €163,816
of which Taxes: -€18,739
- Goods and materials -€1.9m
down €1.9m (-48.8%), from €3.9m to €2.0m
- Turnover -€1.4m
down €1.4m (-24.9%), from €5.7m to €4.3m
- Services and other goods +€1.1m
up €1.1m (+140.0%), from €770,426 to €1.8m
- Other operating charges -€602,816
down €602,816 (-96.7%), from €623,292 to €20,476
- Staff costs -€253,138
down €253,138 (-43.1%), from €587,721 to €334,583
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,471,494 | €2,292,046 | +€820,552 | +55.8% |
| Fixed assets | 21/28 | €201,852 | €232,247 | +€30,394 | +15.1% |
| Intangible fixed assets | 21 | €201,852 | €172,969 | -€28,884 | -14.3% |
| Tangible fixed assets | 22/27 | - | €59,278 | +€59,278 | |
| Furniture and vehicles | 24 | - | €59,278 | +€59,278 | |
| Current assets | 29/58 | €1,269,641 | €2,059,799 | +€790,158 | +62.2% |
| Amounts receivable after more than one year | 29 | - | €10,200 | +€10,200 | |
| Other amounts receivable | 291 | - | €10,200 | +€10,200 | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €989,332 | €2,035,683 | +€1.0m | +105.8% |
| Trade receivables | 40 | €559,367 | €593,954 | +€34,587 | +6.2% |
| Other amounts receivable | 41 | €429,964 | €1,441,729 | +€1.0m | +235.3% |
| Cash at bank and in hand | 54/58 | €242,563 | €0 | -€242,563 | -100.0% |
| Deferred charges and accrued income | 490/1 | €37,747 | €13,917 | -€23,831 | -63.1% |
| Total equity and liabilities | 10/49 | €1,471,494 | €2,292,046 | +€820,552 | +55.8% |
| Equity | 10/15 | €551,684 | €198,970 | -€352,714 | -63.9% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €18,970 | €18,970 | = | 0.0% |
| Distributable reserves | 133 | €18,970 | €18,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,714 | €0 | -€352,714 | -100.0% |
| Amounts payable | 17/49 | €919,810 | €2,093,076 | +€1.2m | +127.6% |
| Amounts payable within one year | 42/48 | €838,057 | €2,072,536 | +€1.2m | +147.3% |
| Trade debts | 44 | €646,128 | €1,499,730 | +€853,602 | +132.1% |
| Suppliers | 440/4 | €646,128 | €1,499,730 | +€853,602 | +132.1% |
| Taxes, remuneration and social security | 45 | €191,929 | €163,816 | -€28,113 | -14.6% |
| Taxes | 450/3 | €104,502 | €85,763 | -€18,739 | -17.9% |
| Remuneration and social security | 454/9 | €87,427 | €78,053 | -€9,374 | -10.7% |
| Other amounts payable | 47/48 | - | €408,990 | +€408,990 | |
| Accrued charges and deferred income | 492/3 | €81,752 | €20,540 | -€61,212 | -74.9% |
| Operating income | 70/76A | €5,965,389 | €4,303,227 | -€1.7m | -27.9% |
| Turnover | 70 | €5,673,160 | €4,260,875 | -€1.4m | -24.9% |
| Other operating income | 74 | €292,229 | €40,663 | -€251,565 | -86.1% |
| Non-recurring operating income | 76A | - | €1,689 | +€1,689 | |
| Operating charges | 60/66A | €5,858,894 | €4,236,648 | -€1.6m | -27.7% |
| Goods for resale, raw materials and consumables | 60 | €3,931,350 | €2,013,186 | -€1.9m | -48.8% |
| Purchases | 600/8 | €3,931,350 | €2,013,186 | -€1.9m | -48.8% |
| Services and other goods | 61 | €770,426 | €1,848,725 | +€1.1m | +140.0% |
| Remuneration, social security and pensions | 62 | €587,721 | €334,583 | -€253,138 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,380 | €39,209 | +€829 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€109,983 | -€19,531 | +€90,452 | +82.2% |
| Other operating charges | 640/8 | €623,292 | €20,476 | -€602,816 | -96.7% |
| Non-recurring operating charges | 66A | €17,708 | €0 | -€17,708 | -100.0% |
| Operating profit (loss) | 9901 | €106,495 | €66,579 | -€39,916 | -37.5% |
| Financial income | 75/76B | €9,808 | €35,699 | +€25,890 | +264.0% |
| Recurring financial income | 75 | €9,808 | €35,699 | +€25,890 | +264.0% |
| Income from current assets | 751 | €9,740 | €35,678 | +€25,938 | +266.3% |
| Other financial income | 752/9 | €68 | €20 | -€48 | -70.0% |
| Financial charges | 65/66B | €15,277 | €8,990 | -€6,288 | -41.2% |
| Recurring financial charges | 65 | €15,277 | €8,990 | -€6,288 | -41.2% |
| Debt charges | 650 | €2,696 | €0 | -€2,696 | -100.0% |
| Other financial charges | 652/9 | €12,581 | €8,990 | -€3,591 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €101,026 | €93,288 | -€7,738 | -7.7% |
| Income taxes | 67/77 | €35,335 | €37,012 | +€1,677 | +4.7% |
| Taxes | 670/3 | €35,335 | €37,012 | +€1,677 | +4.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €65,692 | €56,276 | -€9,415 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,692 | €56,276 | -€9,415 | -14.3% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.