HANAN: 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.
HANAN
Largest movements
- Cash -€26,667
down €26,667 (-70.5%), from €37,843 to €11,177
mainly Investment in fixed assets (net) (-€21,694) and Other debts (-€20,000)
- Receivables within one year -€20,893
down €20,893 (-42.7%), from €48,909 to €28,015
of which Other amounts receivable: -€13,591
- Tangible fixed assets -€15,051
down €15,051 (-10.1%), from €148,611 to €133,559
of which Furniture and vehicles: -€27,783
- Deferred charges and accrued income -€5,653
down €5,653 (-99.4%), from €5,685 to €33
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year -€19,698
down €19,698 (-33.1%), from €59,501 to €39,803
- Trade debts -€13,480
down €13,480 (-44.9%), from €30,014 to €16,534
- Profit (loss) carried forward -€7,688
down €7,688 (-10.2%), from €75,362 to €67,674
- Tax, wage and social debts -€4,966
down €4,966 (-22.4%), from €22,142 to €17,176
of which Taxes: -€5,279
- Gross operating margin -€30,122
down €30,122 (-11.8%), from €255,935 to €225,812
- Depreciation +€9,755
up €9,755 (+36.1%), from €26,991 to €36,745
- Taxes -€9,354
down €9,354 (-87.8%), from €10,651 to €1,297
- Financial charges +€3,637
up €3,637 (+44.0%), from €8,269 to €11,906
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 | €243,049 | €174,784 | -€68,264 | -28.1% |
| Fixed assets | 21/28 | €148,611 | €133,559 | -€15,051 | -10.1% |
| Tangible fixed assets | 22/27 | €148,611 | €133,559 | -€15,051 | -10.1% |
| Plant, machinery and equipment | 23 | €25,537 | €38,269 | +€12,732 | +49.9% |
| Furniture and vehicles | 24 | €123,074 | €95,291 | -€27,783 | -22.6% |
| Current assets | 29/58 | €94,438 | €41,225 | -€53,213 | -56.3% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,909 | €28,015 | -€20,893 | -42.7% |
| Trade receivables | 40 | €8,947 | €1,645 | -€7,302 | -81.6% |
| Other amounts receivable | 41 | €39,962 | €26,370 | -€13,591 | -34.0% |
| Cash at bank and in hand | 54/58 | €37,843 | €11,177 | -€26,667 | -70.5% |
| Deferred charges and accrued income | 490/1 | €5,685 | €33 | -€5,653 | -99.4% |
| Total equity and liabilities | 10/49 | €243,049 | €174,784 | -€68,264 | -28.1% |
| Equity | 10/15 | €83,428 | €75,740 | -€7,688 | -9.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| 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 | €75,362 | €67,674 | -€7,688 | -10.2% |
| Amounts payable | 17/49 | €159,621 | €99,045 | -€60,576 | -38.0% |
| Amounts payable after more than one year | 17 | €59,501 | €39,803 | -€19,698 | -33.1% |
| Financial debts | 170/4 | €59,501 | €39,803 | -€19,698 | -33.1% |
| Amounts payable within one year | 42/48 | €100,120 | €59,242 | -€40,878 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €27,964 | €25,532 | -€2,433 | -8.7% |
| Trade debts | 44 | €30,014 | €16,534 | -€13,480 | -44.9% |
| Suppliers | 440/4 | €30,014 | €16,534 | -€13,480 | -44.9% |
| Taxes, remuneration and social security | 45 | €22,142 | €17,176 | -€4,966 | -22.4% |
| Taxes | 450/3 | €10,646 | €5,367 | -€5,279 | -49.6% |
| Remuneration and social security | 454/9 | €11,496 | €11,809 | +€313 | +2.7% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €184,956 | €183,366 | -€1,589 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,991 | €36,745 | +€9,755 | +36.1% |
| Other operating charges | 640/8 | €2,363 | €1,802 | -€560 | -23.7% |
| Gross operating margin | 9900 | €255,935 | €225,812 | -€30,122 | -11.8% |
| Operating profit (loss) | 9901 | €41,626 | €3,898 | -€37,728 | -90.6% |
| Financial income | 75/76B | €3,181 | €1,618 | -€1,564 | -49.2% |
| Recurring financial income | 75 | €3,181 | €1,618 | -€1,564 | -49.2% |
| Financial charges | 65/66B | €8,269 | €11,906 | +€3,637 | +44.0% |
| Recurring financial charges | 65 | €8,269 | €11,906 | +€3,637 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €36,538 | -€6,390 | -€42,929 | |
| Income taxes | 67/77 | €10,651 | €1,297 | -€9,354 | -87.8% |
| Profit (loss) for the period | 9904 | €25,887 | -€7,688 | -€33,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,887 | -€7,688 | -€33,575 |
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.