HANCHIR THIERRY: 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.
HANCHIR THIERRY
Largest movements
- Receivables within one year -€15,788
down €15,788 (-30.4%), from €51,973 to €36,185
of which Trade receivables: -€19,024
- Cash +€13,697
up €13,697 (+751%), from €1,824 to €15,521
mainly Net result for the year (+€22,391) and Receivables within one year (+€15,788)
- Tangible fixed assets -€6,753
down €6,753 (-26.9%), from €25,122 to €18,369
of which Furniture and vehicles: -€6,435
- Stocks and contracts -€5,639
down €5,639 (-37.8%), from €14,922 to €9,283
- Trade debts -€23,477
down €23,477 (-67.2%), from €34,927 to €11,449
- Profit (loss) carried forward +€22,391
up €22,391 (+373%), from €5,996 to €28,387
- Debts after one year -€11,030
down €11,030 (-38.2%), from €28,881 to €17,851
- Other debts -€5,928
no longer reported in 2025 (was €5,928)
- Tax, wage and social debts +€4,248
up €4,248, from €0 to €4,248
of which Remuneration and social security: +€3,609
- Gross operating margin +€58,277
up €58,277 (+355%), from €16,398 to €74,674
- Staff costs +€36,367
new in 2025: €36,367
- Taxes +€3,986
up €3,986 (+241%), from €1,653 to €5,639
- Financial income -€1,359
down €1,359 (-87.2%), from €1,559 to €200
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.
Derived cash bridge
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 | €98,390 | €84,295 | -€14,095 | -14.3% |
| Fixed assets | 21/28 | €25,122 | €18,605 | -€6,517 | -25.9% |
| Tangible fixed assets | 22/27 | €25,122 | €18,369 | -€6,753 | -26.9% |
| Land and buildings | 22 | €2,241 | €1,398 | -€843 | -37.6% |
| Plant, machinery and equipment | 23 | €702 | €1,227 | +€525 | +74.7% |
| Furniture and vehicles | 24 | €22,178 | €15,743 | -€6,435 | -29.0% |
| Financial fixed assets | 28 | - | €236 | +€236 | |
| Current assets | 29/58 | €73,268 | €65,690 | -€7,578 | -10.3% |
| Stocks and contracts in progress | 3 | €14,922 | €9,283 | -€5,639 | -37.8% |
| Stocks | 30/36 | €14,922 | €9,283 | -€5,639 | -37.8% |
| Amounts receivable within one year | 40/41 | €51,973 | €36,185 | -€15,788 | -30.4% |
| Trade receivables | 40 | €46,041 | €27,017 | -€19,024 | -41.3% |
| Other amounts receivable | 41 | €5,932 | €9,169 | +€3,236 | +54.6% |
| Cash at bank and in hand | 54/58 | €1,824 | €15,521 | +€13,697 | +751% |
| Deferred charges and accrued income | 490/1 | €4,549 | €4,701 | +€152 | +3.3% |
| Total equity and liabilities | 10/49 | €98,390 | €84,295 | -€14,095 | -14.3% |
| Equity | 10/15 | €17,325 | €39,717 | +€22,391 | +129% |
| Contributions | 10/11 | €10,910 | €10,910 | = | 0.0% |
| Reserves | 13 | €419 | €419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €419 | €419 | = | 0.0% |
| Reserves not available under the articles | 1311 | €419 | €419 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,996 | €28,387 | +€22,391 | +373% |
| Amounts payable | 17/49 | €81,065 | €44,578 | -€36,486 | -45.0% |
| Amounts payable after more than one year | 17 | €28,881 | €17,851 | -€11,030 | -38.2% |
| Financial debts | 170/4 | €28,881 | €17,851 | -€11,030 | -38.2% |
| Amounts payable within one year | 42/48 | €51,519 | €26,728 | -€24,791 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €10,664 | €11,030 | +€366 | +3.4% |
| Trade debts | 44 | €34,927 | €11,449 | -€23,477 | -67.2% |
| Suppliers | 440/4 | €34,927 | €11,449 | -€23,477 | -67.2% |
| Taxes, remuneration and social security | 45 | €0 | €4,248 | +€4,248 | |
| Taxes | 450/3 | €0 | €639 | +€639 | |
| Remuneration and social security | 454/9 | €0 | €3,609 | +€3,609 | |
| Other amounts payable | 47/48 | €5,928 | - | -€5,928 | |
| Accrued charges and deferred income | 492/3 | €665 | - | -€665 | |
| Remuneration, social security and pensions | 62 | - | €36,367 | +€36,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,439 | €8,042 | -€397 | -4.7% |
| Other operating charges | 640/8 | €848 | €1,036 | +€188 | +22.1% |
| Gross operating margin | 9900 | €16,398 | €74,674 | +€58,277 | +355% |
| Operating profit (loss) | 9901 | €7,111 | €29,230 | +€22,120 | +311% |
| Financial income | 75/76B | €1,559 | €200 | -€1,359 | -87.2% |
| Recurring financial income | 75 | €1,559 | €200 | -€1,359 | -87.2% |
| Financial charges | 65/66B | €1,870 | €1,400 | -€470 | -25.1% |
| Recurring financial charges | 65 | €1,870 | €1,400 | -€470 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €6,800 | €28,031 | +€21,230 | +312% |
| Income taxes | 67/77 | €1,653 | €5,639 | +€3,986 | +241% |
| Profit (loss) for the period | 9904 | €5,147 | €22,391 | +€17,244 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €5,147 | €22,391 | +€17,244 | +335% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.