HANCAS: 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.
HANCAS
Largest movements
- Tangible fixed assets +€210,940
up €210,940 (+31.6%), from €666,488 to €877,429
of which Land and buildings: +€233,467
- Cash +€28,252
up €28,252 (+70.0%), from €40,340 to €68,592
mainly Net result for the year (+€122,179) and Debts after one year (+€110,416)
- Current investments -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
- Receivables within one year -€19,853
down €19,853 (-54.9%), from €36,185 to €16,332
of which Other amounts receivable: -€21,185
- Debts after one year +€110,416
up €110,416 (+27.5%), from €401,569 to €511,985
- Reserves +€78,576
up €78,576 (+18.6%), from €422,316 to €500,892
- Financial income -€217,067
down €217,067 (-96.9%), from €223,952 to €6,884
of which Financial income: -€218,221
- Financial charges -€184,819
down €184,819 (-90.9%), from €203,408 to €18,589
of which Non-recurring financial charges: -€189,316
- Gross operating margin +€146,795
up €146,795 (+121.6%), from €120,738 to €267,533
- Taxes +€37,774
up €37,774 (+240.4%), from €15,716 to €53,490
- Depreciation +€18,746
up €18,746 (+32.6%), from €57,588 to €76,334
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 | €899,222 | €1,093,559 | +€194,336 | +21.6% |
| Fixed assets | 21/28 | €670,488 | €881,429 | +€210,940 | +31.5% |
| Tangible fixed assets | 22/27 | €666,488 | €877,429 | +€210,940 | +31.6% |
| Land and buildings | 22 | €565,360 | €798,827 | +€233,467 | +41.3% |
| Plant, machinery and equipment | 23 | €743 | €317 | -€426 | -57.4% |
| Furniture and vehicles | 24 | €100,386 | €78,285 | -€22,101 | -22.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €228,734 | €212,130 | -€16,604 | -7.3% |
| Amounts receivable within one year | 40/41 | €36,185 | €16,332 | -€19,853 | -54.9% |
| Trade receivables | 40 | €15,000 | €16,332 | +€1,332 | +8.9% |
| Other amounts receivable | 41 | €21,185 | - | -€21,185 | |
| Current investments | 50/53 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €40,340 | €68,592 | +€28,252 | +70.0% |
| Deferred charges and accrued income | 490/1 | €2,209 | €2,206 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €899,222 | €1,093,559 | +€194,336 | +21.6% |
| Equity | 10/15 | €445,736 | €524,312 | +€78,576 | +17.6% |
| Contributions | 10/11 | €23,420 | €23,420 | = | 0.0% |
| Reserves | 13 | €422,316 | €500,892 | +€78,576 | +18.6% |
| Distributable reserves | 133 | €422,316 | €500,892 | +€78,576 | +18.6% |
| Amounts payable | 17/49 | €453,487 | €569,247 | +€115,760 | +25.5% |
| Amounts payable after more than one year | 17 | €401,569 | €511,985 | +€110,416 | +27.5% |
| Financial debts | 170/4 | €401,569 | €511,985 | +€110,416 | +27.5% |
| Amounts payable within one year | 42/48 | €51,918 | €57,262 | +€5,344 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €47,711 | €51,460 | +€3,749 | +7.9% |
| Trade debts | 44 | €1,942 | €3,881 | +€1,938 | +99.8% |
| Suppliers | 440/4 | €1,942 | €3,881 | +€1,938 | +99.8% |
| Taxes, remuneration and social security | 45 | €2,265 | €1,806 | -€459 | -20.3% |
| Taxes | 450/3 | - | €1,806 | +€1,806 | |
| Remuneration and social security | 454/9 | €2,265 | - | -€2,265 | |
| Other amounts payable | 47/48 | - | €115 | +€115 | |
| Non-recurring operating income | 76A | €29,336 | - | -€29,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,588 | €76,334 | +€18,746 | +32.6% |
| Other operating charges | 640/8 | €2,810 | €3,825 | +€1,014 | +36.1% |
| Gross operating margin | 9900 | €120,738 | €267,533 | +€146,795 | +121.6% |
| Operating profit (loss) | 9901 | €60,339 | €187,374 | +€127,035 | +210.5% |
| Financial income | 75/76B | €223,952 | €6,884 | -€217,067 | -96.9% |
| Recurring financial income | 75 | €223,952 | €5,731 | -€218,221 | -97.4% |
| Non-recurring financial income | 76B | - | €1,153 | +€1,153 | |
| Financial charges | 65/66B | €203,408 | €18,589 | -€184,819 | -90.9% |
| Recurring financial charges | 65 | €14,092 | €18,589 | +€4,497 | +31.9% |
| Non-recurring financial charges | 66B | €189,316 | - | -€189,316 | |
| Profit (loss) for the period before taxes | 9903 | €80,883 | €175,669 | +€94,786 | +117.2% |
| Income taxes | 67/77 | €15,716 | €53,490 | +€37,774 | +240.4% |
| Profit (loss) for the period | 9904 | €65,167 | €122,179 | +€57,012 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,167 | €122,179 | +€57,012 | +87.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.