HANEKEEF: 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.
HANEKEEF
Largest movements
- Cash +€10,199
up €10,199 (+55.8%), from €18,284 to €28,483
mainly Receivables within one year (+€6,076) and Tax, wage and social debts (+€1,652)
- Receivables within one year -€6,076
down €6,076 (-11.7%), from €51,766 to €45,690
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€13,983
down €13,983 (-25.7%), from €54,303 to €40,320
- Staff costs -€4,046
down €4,046 (-10.8%), from €37,382 to €33,336
- Taxes -€1,925
down €1,925 (-80.7%), from €2,384 to €459
- Financial charges -€1,335
down €1,335 (-28.5%), from €4,677 to €3,342
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,736 | €173,723 | +€2,987 | +1.7% |
| Fixed assets | 21/28 | €92,486 | €91,351 | -€1,136 | -1.2% |
| Tangible fixed assets | 22/27 | €92,486 | €91,351 | -€1,136 | -1.2% |
| Land and buildings | 22 | €91,239 | €91,239 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,247 | €111 | -€1,136 | -91.1% |
| Current assets | 29/58 | €78,249 | €82,372 | +€4,123 | +5.3% |
| Stocks and contracts in progress | 3 | €8,200 | €8,200 | = | 0.0% |
| Stocks | 30/36 | €8,200 | €8,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,766 | €45,690 | -€6,076 | -11.7% |
| Other amounts receivable | 41 | €51,766 | €45,690 | -€6,076 | -11.7% |
| Cash at bank and in hand | 54/58 | €18,284 | €28,483 | +€10,199 | +55.8% |
| Total equity and liabilities | 10/49 | €170,736 | €173,723 | +€2,987 | +1.7% |
| Equity | 10/15 | €155,707 | €157,284 | +€1,577 | +1.0% |
| Contributions | 10/11 | €171,047 | €171,047 | = | 0.0% |
| Capital | 10 | €171,047 | €171,047 | = | 0.0% |
| Issued capital | 100 | €171,047 | €171,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,340 | -€13,763 | +€1,577 | +10.3% |
| Amounts payable | 17/49 | €15,029 | €16,439 | +€1,411 | +9.4% |
| Amounts payable within one year | 42/48 | €15,029 | €16,439 | +€1,411 | +9.4% |
| Trade debts | 44 | €7,057 | €6,816 | -€241 | -3.4% |
| Suppliers | 440/4 | €7,057 | €6,816 | -€241 | -3.4% |
| Taxes, remuneration and social security | 45 | €7,972 | €9,624 | +€1,652 | +20.7% |
| Taxes | 450/3 | €7,972 | €3,596 | -€4,376 | -54.9% |
| Remuneration and social security | 454/9 | - | €6,028 | +€6,028 | |
| Remuneration, social security and pensions | 62 | €37,382 | €33,336 | -€4,046 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,950 | €1,606 | -€344 | -17.6% |
| Gross operating margin | 9900 | €54,303 | €40,320 | -€13,983 | -25.7% |
| Operating profit (loss) | 9901 | €14,972 | €5,378 | -€9,593 | -64.1% |
| Financial charges | 65/66B | €4,677 | €3,342 | -€1,335 | -28.5% |
| Recurring financial charges | 65 | €4,677 | €3,342 | -€1,335 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €10,294 | €2,036 | -€8,259 | -80.2% |
| Income taxes | 67/77 | €2,384 | €459 | -€1,925 | -80.7% |
| Profit (loss) for the period | 9904 | €7,911 | €1,577 | -€6,334 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,911 | €1,577 | -€6,334 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.