HANC - THIEFRY DIFFUSION: 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.
What changed
HANC - THIEFRY DIFFUSION
NACE 47.120, Other non-specialised retail sale
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€40,331
2023 · -€88,094+€128,425
Equity
€1.3m
2023 · €1.2m+€40,331
Cash
€168,785
2023 · €456,507-€287,722
Balance sheet total
€2.7m
2023 · €3.4m-€632,122
Largest movements
Assets
- Cash -€287,722
down €287,722 (-63.0%), from €456,507 to €168,785
mainly Trade debts (-€575,642) and Debts after one year (-€137,733)
- Stocks and contracts -€195,854
down €195,854 (-21.3%), from €920,233 to €724,379
- Receivables within one year -€79,513
down €79,513 (-26.9%), from €295,732 to €216,219
of which Other amounts receivable: -€93,437
- Tangible fixed assets -€51,263
down €51,263 (-4.2%), from €1.2m to €1.2m
of which Plant, machinery and equipment: -€26,596
Equity and liabilities
- Trade debts -€575,642
down €575,642 (-53.4%), from €1.1m to €502,122
- Debts after one year -€137,733
down €137,733 (-21.7%), from €635,110 to €497,377
- Provisions +€43,478
new in 2024: €43,478
- Profit (loss) carried forward +€40,331
up €40,331 (+17.5%), from -€230,627 to -€190,296
Income statement
- Turnover -€18.3m
no longer reported in 2024 (was €18.3m)
- Purchases and services -€17.4m
no longer reported in 2024 (was €17.4m)
- Gross operating margin +€237,529
up €237,529 (+23.3%), from €1.0m to €1.3m
From the 2023 result to the 2024 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.
Result 2023
-€88,094
Gross operating margin
+€237,529
Staff costs
-€59,896
Depreciation
-€28,562
Write-downs
+€808
Provisions
-€43,478
Other operating charges
-€4,293
Financial income
+€40,299
Financial charges
-€13,791
Taxes
-€191
Result 2024
€40,331
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€102,872
Investment
-€50,906
Financing
-€133,944
Cash 2023
€456,507
From operations (derived)
-€102,872
Net result for the year
+€40,331
Depreciation
+€140,542
Stocks and contracts
+€195,854
Receivables within one year
+€79,513
Deferred charges and accrued income
-€20,602
Provisions
+€43,478
Trade debts
-€575,642
Tax, wage and social debts
+€3,758
Other debts
-€11,302
Accrued charges and deferred income
+€1,199
Investment (derived)
-€50,906
Investment in fixed assets (net)
-€55,929
Current investments
+€5,023
Financing
-€133,944
Debts after one year
-€137,733
Current portion of long-term debt
+€3,789
Contributions, distributions and other
+€0
Cash 2024
€168,785
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,370,968 | €2,738,846 | -€632,122 | -18.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,688,709 | €1,604,096 | -€84,613 | -5.0% |
| Intangible fixed assets | 21 | €474,782 | €441,432 | -€33,350 | -7.0% |
| Tangible fixed assets | 22/27 | €1,213,777 | €1,162,514 | -€51,263 | -4.2% |
| Land and buildings | 22 | €718,820 | €695,567 | -€23,253 | -3.2% |
| Plant, machinery and equipment | 23 | €393,468 | €366,872 | -€26,596 | -6.8% |
| Furniture and vehicles | 24 | €93,704 | €86,627 | -€7,077 | -7.6% |
| Other tangible fixed assets | 26 | €7,785 | €13,448 | +€5,663 | +72.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,682,259 | €1,134,750 | -€547,509 | -32.5% |
| Stocks and contracts in progress | 3 | €920,233 | €724,379 | -€195,854 | -21.3% |
| Stocks | 30/36 | €920,233 | €724,379 | -€195,854 | -21.3% |
| Amounts receivable within one year | 40/41 | €295,732 | €216,219 | -€79,513 | -26.9% |
| Trade receivables | 40 | €153,998 | €167,922 | +€13,924 | +9.0% |
| Other amounts receivable | 41 | €141,734 | €48,297 | -€93,437 | -65.9% |
| Current investments | 50/53 | €5,023 | - | -€5,023 | |
| Cash at bank and in hand | 54/58 | €456,507 | €168,785 | -€287,722 | -63.0% |
| Deferred charges and accrued income | 490/1 | €4,765 | €25,367 | +€20,602 | +432% |
| Total equity and liabilities | 10/49 | €3,370,968 | €2,738,846 | -€632,122 | -18.8% |
| Equity | 10/15 | €1,239,333 | €1,279,664 | +€40,331 | +3.3% |
| Contributions | 10/11 | €163,600 | €163,600 | = | 0.0% |
| Reserves | 13 | €1,306,360 | €1,306,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,360 | €16,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,360 | €16,360 | = | 0.0% |
| Distributable reserves | 133 | €1,290,000 | €1,290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,627 | -€190,296 | +€40,331 | +17.5% |
| Provisions and deferred taxes | 16 | - | €43,478 | +€43,478 | |
| Provisions for liabilities and charges | 160/5 | - | €43,478 | +€43,478 | |
| Other liabilities and charges | 164/5 | - | €43,478 | +€43,478 | |
| Amounts payable | 17/49 | €2,131,635 | €1,415,704 | -€715,931 | -33.6% |
| Amounts payable after more than one year | 17 | €635,110 | €497,377 | -€137,733 | -21.7% |
| Financial debts | 170/4 | €635,110 | €497,377 | -€137,733 | -21.7% |
| Amounts payable within one year | 42/48 | €1,496,525 | €917,128 | -€579,397 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €133,945 | €137,734 | +€3,789 | +2.8% |
| Trade debts | 44 | €1,077,764 | €502,122 | -€575,642 | -53.4% |
| Suppliers | 440/4 | €1,077,764 | €502,122 | -€575,642 | -53.4% |
| Taxes, remuneration and social security | 45 | €145,934 | €149,692 | +€3,758 | +2.6% |
| Taxes | 450/3 | €16,265 | €18,389 | +€2,124 | +13.1% |
| Remuneration and social security | 454/9 | €129,670 | €131,303 | +€1,633 | +1.3% |
| Other amounts payable | 47/48 | €138,882 | €127,580 | -€11,302 | -8.1% |
| Accrued charges and deferred income | 492/3 | - | €1,199 | +€1,199 | |
| Turnover | 70 | €18,250,619 | - | -€18.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €17,405,224 | - | -€17.4m | |
| Remuneration, social security and pensions | 62 | €922,515 | €982,411 | +€59,896 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,980 | €140,542 | +€28,562 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €808 | - | -€808 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €43,478 | +€43,478 | |
| Other operating charges | 640/8 | €14,641 | €18,934 | +€4,293 | +29.3% |
| Gross operating margin | 9900 | €1,021,100 | €1,258,629 | +€237,529 | +23.3% |
| Operating profit (loss) | 9901 | -€28,844 | €73,264 | +€102,108 | |
| Financial income | 75/76B | €19 | €40,318 | +€40,299 | +216,897% |
| Recurring financial income | 75 | €19 | €40,318 | +€40,299 | +216,897% |
| Financial charges | 65/66B | €59,080 | €72,871 | +€13,791 | +23.3% |
| Recurring financial charges | 65 | €59,080 | €72,871 | +€13,791 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€87,905 | €40,711 | +€128,616 | |
| Income taxes | 67/77 | €189 | €380 | +€191 | +101% |
| Profit (loss) for the period | 9904 | -€88,094 | €40,331 | +€128,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,094 | €40,331 | +€128,425 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.