HANAMIKO: 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.
HANAMIKO
Largest movements
- Cash +€86,637
up €86,637 (+257.4%), from €33,661 to €120,298
mainly Current investments (+€70,000) and Net result for the year (+€46,985)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets +€23,341
up €23,341 (+252.3%), from €9,253 to €32,594
of which Furniture and vehicles: +€17,367
- Receivables within one year +€10,226
up €10,226 (+21.4%), from €47,856 to €58,082
of which Trade receivables: +€9,289
- Stocks and contracts -€7,460
down €7,460 (-27.1%), from €27,550 to €20,090
- Reserves +€26,986
up €26,986 (+16.5%), from €163,058 to €190,044
- Other debts +€16,783
up €16,783 (+130.3%), from €12,880 to €29,663
- Tax, wage and social debts +€5,156
up €5,156 (+73.5%), from €7,015 to €12,171
- Advances received +€2,850
new in 2025: €2,850
- Gross operating margin +€18,128
up €18,128 (+35.3%), from €51,301 to €69,429
- Taxes +€2,138
up €2,138 (+19.1%), from €11,184 to €13,322
- Depreciation +€1,857
up €1,857 (+123.1%), from €1,508 to €3,365
- Staff costs +€1,423
up €1,423 (+82.3%), from €1,728 to €3,151
- Other operating charges +€1,338
up €1,338 (+41.4%), from €3,234 to €4,572
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.
Cash bridge derived
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 | €188,693 | €240,297 | +€51,604 | +27.3% |
| Fixed assets | 21/28 | €9,253 | €38,005 | +€28,752 | +310.7% |
| Intangible fixed assets | 21 | - | €4,020 | +€4,020 | |
| Tangible fixed assets | 22/27 | €9,253 | €32,594 | +€23,341 | +252.3% |
| Land and buildings | 22 | €2,568 | €9,453 | +€6,885 | +268.1% |
| Plant, machinery and equipment | 23 | €2,996 | €2,084 | -€912 | -30.4% |
| Furniture and vehicles | 24 | €3,689 | €21,056 | +€17,367 | +470.8% |
| Financial fixed assets | 28 | - | €1,391 | +€1,391 | |
| Current assets | 29/58 | €179,440 | €202,292 | +€22,852 | +12.7% |
| Stocks and contracts in progress | 3 | €27,550 | €20,090 | -€7,460 | -27.1% |
| Stocks | 30/36 | €27,550 | €20,090 | -€7,460 | -27.1% |
| Amounts receivable within one year | 40/41 | €47,856 | €58,082 | +€10,226 | +21.4% |
| Trade receivables | 40 | €39,690 | €48,979 | +€9,289 | +23.4% |
| Other amounts receivable | 41 | €8,166 | €9,103 | +€937 | +11.5% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €33,661 | €120,298 | +€86,637 | +257.4% |
| Deferred charges and accrued income | 490/1 | €373 | €3,823 | +€3,450 | +924.9% |
| Total equity and liabilities | 10/49 | €188,693 | €240,297 | +€51,604 | +27.3% |
| Equity | 10/15 | €167,058 | €194,044 | +€26,986 | +16.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €163,058 | €190,044 | +€26,986 | +16.5% |
| Distributable reserves | 133 | €163,058 | €190,044 | +€26,986 | +16.5% |
| Amounts payable | 17/49 | €21,635 | €46,253 | +€24,618 | +113.8% |
| Amounts payable within one year | 42/48 | €21,635 | €46,253 | +€24,618 | +113.8% |
| Trade debts | 44 | €1,740 | €1,569 | -€171 | -9.8% |
| Suppliers | 440/4 | €1,740 | €1,569 | -€171 | -9.8% |
| Advances received on contracts in progress | 46 | - | €2,850 | +€2,850 | |
| Taxes, remuneration and social security | 45 | €7,015 | €12,171 | +€5,156 | +73.5% |
| Taxes | 450/3 | €7,015 | €12,171 | +€5,156 | +73.5% |
| Other amounts payable | 47/48 | €12,880 | €29,663 | +€16,783 | +130.3% |
| Remuneration, social security and pensions | 62 | €1,728 | €3,151 | +€1,423 | +82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,508 | €3,365 | +€1,857 | +123.1% |
| Other operating charges | 640/8 | €3,234 | €4,572 | +€1,338 | +41.4% |
| Gross operating margin | 9900 | €51,301 | €69,429 | +€18,128 | +35.3% |
| Operating profit (loss) | 9901 | €44,831 | €58,340 | +€13,509 | +30.1% |
| Financial income | 75/76B | €1,395 | €2,299 | +€904 | +64.8% |
| Recurring financial income | 75 | €1,395 | €2,299 | +€904 | +64.8% |
| Financial charges | 65/66B | €455 | €333 | -€122 | -26.9% |
| Recurring financial charges | 65 | €455 | €333 | -€122 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €45,771 | €60,307 | +€14,536 | +31.8% |
| Income taxes | 67/77 | €11,184 | €13,322 | +€2,138 | +19.1% |
| Profit (loss) for the period | 9904 | €34,587 | €46,985 | +€12,398 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,587 | €46,985 | +€12,398 | +35.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.