Hane Gjoni: 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.
Hane Gjoni
Largest movements
- Tangible fixed assets +€365,904
up €365,904 (+106%), from €345,787 to €711,691
of which Land and buildings: +€306,673
- Cash +€223,210
up €223,210 (+157%), from €142,363 to €365,573
mainly Debts after one year (+€267,658) and Net result for the year (+€151,433)
- Intangible fixed assets -€70,000
down €70,000 (-12.3%), from €571,315 to €501,315
- Current investments -€69,000
down €69,000 (-37.5%), from €184,201 to €115,201
- Deferred charges and accrued income +€59,344
up €59,344 (+471%), from €12,613 to €71,957
- Debts after one year +€267,658
up €267,658 (+25.5%), from €1.0m to €1.3m
- Other debts +€129,825
up €129,825 (+500%), from €25,951 to €155,777
- Tax, wage and social debts +€62,414
up €62,414 (+59.7%), from €104,541 to €166,955
of which Taxes: +€45,459
- Current portion of long-term debt +€45,601
up €45,601 (+82.4%), from €55,332 to €100,933
- Reserves -€30,209
no longer reported in 2025 (was €30,209)
- Gross operating margin +€156,753
up €156,753 (+28.0%), from €559,926 to €716,678
- Staff costs +€82,559
up €82,559 (+31.8%), from €259,562 to €342,121
- Depreciation +€62,457
up €62,457 (+77.7%), from €80,394 to €142,850
- Financial charges +€12,560
up €12,560 (+41.7%), from €30,155 to €42,715
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 | €1,291,279 | €1,765,737 | +€474,459 | +36.7% |
| Fixed assets | 21/28 | €952,102 | €1,213,006 | +€260,904 | +27.4% |
| Intangible fixed assets | 21 | €571,315 | €501,315 | -€70,000 | -12.3% |
| Tangible fixed assets | 22/27 | €345,787 | €711,691 | +€365,904 | +106% |
| Land and buildings | 22 | - | €306,673 | +€306,673 | |
| Plant, machinery and equipment | 23 | €255,257 | €317,541 | +€62,285 | +24.4% |
| Furniture and vehicles | 24 | €90,530 | €87,477 | -€3,053 | -3.4% |
| Financial fixed assets | 28 | €35,000 | - | -€35,000 | |
| Current assets | 29/58 | €339,177 | €552,731 | +€213,554 | +63.0% |
| Current investments | 50/53 | €184,201 | €115,201 | -€69,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €142,363 | €365,573 | +€223,210 | +157% |
| Deferred charges and accrued income | 490/1 | €12,613 | €71,957 | +€59,344 | +471% |
| Total equity and liabilities | 10/49 | €1,291,279 | €1,765,737 | +€474,459 | +36.7% |
| Equity | 10/15 | €40,209 | €10,000 | -€30,209 | -75.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,209 | - | -€30,209 | |
| Distributable reserves | 133 | €30,209 | - | -€30,209 | |
| Amounts payable | 17/49 | €1,251,070 | €1,755,737 | +€504,667 | +40.3% |
| Amounts payable after more than one year | 17 | €1,048,673 | €1,316,331 | +€267,658 | +25.5% |
| Financial debts | 170/4 | €1,048,673 | €1,316,331 | +€267,658 | +25.5% |
| Amounts payable within one year | 42/48 | €201,197 | €438,206 | +€237,009 | +118% |
| Current portion of amounts payable after more than one year | 42 | €55,332 | €100,933 | +€45,601 | +82.4% |
| Trade debts | 44 | €15,372 | €14,541 | -€831 | -5.4% |
| Suppliers | 440/4 | €15,372 | €14,541 | -€831 | -5.4% |
| Taxes, remuneration and social security | 45 | €104,541 | €166,955 | +€62,414 | +59.7% |
| Taxes | 450/3 | €70,665 | €116,124 | +€45,459 | +64.3% |
| Remuneration and social security | 454/9 | €33,875 | €50,830 | +€16,955 | +50.1% |
| Other amounts payable | 47/48 | €25,951 | €155,777 | +€129,825 | +500% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €259,562 | €342,121 | +€82,559 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,394 | €142,850 | +€62,457 | +77.7% |
| Other operating charges | 640/8 | €5,193 | €5,066 | -€126 | -2.4% |
| Non-recurring operating charges | 66A | €1,494 | - | -€1,494 | |
| Gross operating margin | 9900 | €559,926 | €716,678 | +€156,753 | +28.0% |
| Operating profit (loss) | 9901 | €213,284 | €226,640 | +€13,357 | +6.3% |
| Financial income | 75/76B | €3,187 | €3,102 | -€85 | -2.7% |
| Recurring financial income | 75 | €3,187 | €3,102 | -€85 | -2.7% |
| Financial charges | 65/66B | €30,155 | €42,715 | +€12,560 | +41.7% |
| Recurring financial charges | 65 | €30,155 | €42,715 | +€12,560 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €186,316 | €187,027 | +€712 | +0.4% |
| Income taxes | 67/77 | €39,654 | €35,594 | -€4,060 | -10.2% |
| Profit (loss) for the period | 9904 | €146,661 | €151,433 | +€4,772 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €146,661 | €151,433 | +€4,772 | +3.3% |
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 14 October 2026 via checked.be.