HANCI MARCINELLE: 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.
HANCI MARCINELLE
Largest movements
- Tangible fixed assets +€128,273
up €128,273 (+330%), from €38,862 to €167,134
of which Furniture and vehicles: +€129,749
- Receivables within one year +€64,268
up €64,268 (+56.7%), from €113,328 to €177,597
of which Other amounts receivable: +€64,268
- Stocks and contracts -€49,751
down €49,751 (-66.3%), from €75,047 to €25,296
- Deferred charges and accrued income +€6,062
up €6,062 (+146%), from €4,139 to €10,201
- Profit (loss) carried forward +€104,638
up €104,638 (+171%), from €61,312 to €165,950
- Tax, wage and social debts +€53,766
up €53,766 (+125%), from €42,861 to €96,627
of which Taxes: +€27,411
- Other debts -€44,038
down €44,038 (-82.9%), from €53,133 to €9,095
- Trade debts +€35,195
up €35,195 (+60.4%), from €58,299 to €93,495
- Gross operating margin +€186,960
up €186,960 (+223%), from €83,940 to €270,900
- Staff costs +€31,630
up €31,630 (+77.6%), from €40,742 to €72,372
- Taxes +€31,308
up €31,308 (+511%), from €6,126 to €37,434
- Other operating charges +€15,857
up €15,857 (+396%), from €4,009 to €19,866
- Financial charges +€10,546
up €10,546 (+132%), from €8,008 to €18,555
of which Non-recurring financial charges: +€6,816
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 | €238,129 | €387,689 | +€149,560 | +62.8% |
| Fixed assets | 21/28 | €39,612 | €167,884 | +€128,273 | +324% |
| Tangible fixed assets | 22/27 | €38,862 | €167,134 | +€128,273 | +330% |
| Plant, machinery and equipment | 23 | €16,276 | €15,937 | -€339 | -2.1% |
| Furniture and vehicles | 24 | €14,625 | €144,375 | +€129,749 | +887% |
| Other tangible fixed assets | 26 | €7,961 | €6,823 | -€1,137 | -14.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €198,517 | €219,805 | +€21,288 | +10.7% |
| Stocks and contracts in progress | 3 | €75,047 | €25,296 | -€49,751 | -66.3% |
| Stocks | 30/36 | €75,047 | €25,296 | -€49,751 | -66.3% |
| Amounts receivable within one year | 40/41 | €113,328 | €177,597 | +€64,268 | +56.7% |
| Trade receivables | 40 | €13,108 | €13,108 | = | 0.0% |
| Other amounts receivable | 41 | €100,221 | €164,489 | +€64,268 | +64.1% |
| Cash at bank and in hand | 54/58 | €6,003 | €6,711 | +€709 | +11.8% |
| Deferred charges and accrued income | 490/1 | €4,139 | €10,201 | +€6,062 | +146% |
| Total equity and liabilities | 10/49 | €238,129 | €387,689 | +€149,560 | +62.8% |
| Equity | 10/15 | €80,234 | €184,871 | +€104,638 | +130% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,521 | €6,521 | = | 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% |
| Distributable reserves | 133 | €4,661 | €4,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,312 | €165,950 | +€104,638 | +171% |
| Amounts payable | 17/49 | €157,895 | €202,818 | +€44,923 | +28.5% |
| Amounts payable within one year | 42/48 | €157,895 | €202,818 | +€44,923 | +28.5% |
| Financial debts | 43 | €3,602 | €3,602 | = | 0.0% |
| Other loans | 439 | €3,602 | €3,602 | = | 0.0% |
| Trade debts | 44 | €58,299 | €93,495 | +€35,195 | +60.4% |
| Suppliers | 440/4 | €58,299 | €93,495 | +€35,195 | +60.4% |
| Taxes, remuneration and social security | 45 | €42,861 | €96,627 | +€53,766 | +125% |
| Taxes | 450/3 | €31,482 | €58,893 | +€27,411 | +87.1% |
| Remuneration and social security | 454/9 | €11,379 | €37,734 | +€26,354 | +232% |
| Other amounts payable | 47/48 | €53,133 | €9,095 | -€44,038 | -82.9% |
| Remuneration, social security and pensions | 62 | €40,742 | €72,372 | +€31,630 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,597 | €9,074 | +€1,477 | +19.4% |
| Other operating charges | 640/8 | €4,009 | €19,866 | +€15,857 | +396% |
| Non-recurring operating charges | 66A | - | €8,969 | +€8,969 | |
| Gross operating margin | 9900 | €83,940 | €270,900 | +€186,960 | +223% |
| Operating profit (loss) | 9901 | €31,592 | €160,619 | +€129,027 | +408% |
| Financial income | 75/76B | €3 | €8 | +€5 | +168% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +168% |
| Financial charges | 65/66B | €8,008 | €18,555 | +€10,546 | +132% |
| Recurring financial charges | 65 | €8,008 | €11,738 | +€3,730 | +46.6% |
| Non-recurring financial charges | 66B | - | €6,816 | +€6,816 | |
| Profit (loss) for the period before taxes | 9903 | €23,586 | €142,072 | +€118,486 | +502% |
| Income taxes | 67/77 | €6,126 | €37,434 | +€31,308 | +511% |
| Profit (loss) for the period | 9904 | €17,460 | €104,638 | +€87,177 | +499% |
| Profit (loss) for the period to be appropriated | 9905 | €17,460 | €104,638 | +€87,177 | +499% |
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 27 October 2026 via checked.be.