Hang Eleven: 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.
Hang Eleven
Largest movements
- Tangible fixed assets +€213,535
up €213,535 (+49.7%), from €429,642 to €643,177
of which Land and buildings: +€217,745
- Cash -€193,182
down €193,182 (-96.7%), from €199,783 to €6,601
mainly Investment in fixed assets (net) (-€237,279) and Contributions, distributions and other (-€235,294)
- Deferred charges and accrued income +€8,021
up €8,021 (+146%), from €5,488 to €13,509
- Other debts +€204,625
up €204,625 (+2,466%), from €8,298 to €212,923
- Reserves -€139,429
down €139,429 (-49.0%), from €284,269 to €144,840
- Debts after one year -€41,239
down €41,239 (-14.7%), from €281,090 to €239,851
- Trade debts +€7,319
up €7,319 (+150%), from €4,894 to €12,213
- Gross operating margin +€4,347
up €4,347 (+2.8%), from €157,580 to €161,927
- Other operating charges +€3,232
up €3,232 (+76.3%), from €4,236 to €7,468
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 | €658,591 | €690,265 | +€31,675 | +4.8% |
| Fixed assets | 21/28 | €429,642 | €643,177 | +€213,535 | +49.7% |
| Tangible fixed assets | 22/27 | €429,642 | €643,177 | +€213,535 | +49.7% |
| Land and buildings | 22 | €422,846 | €640,591 | +€217,745 | +51.5% |
| Furniture and vehicles | 24 | €6,796 | €2,586 | -€4,210 | -61.9% |
| Current assets | 29/58 | €228,949 | €47,089 | -€181,860 | -79.4% |
| Amounts receivable within one year | 40/41 | €23,678 | €26,979 | +€3,300 | +13.9% |
| Trade receivables | 40 | €23,678 | €26,979 | +€3,300 | +13.9% |
| Cash at bank and in hand | 54/58 | €199,783 | €6,601 | -€193,182 | -96.7% |
| Deferred charges and accrued income | 490/1 | €5,488 | €13,509 | +€8,021 | +146% |
| Total equity and liabilities | 10/49 | €658,591 | €690,265 | +€31,675 | +4.8% |
| Equity | 10/15 | €287,269 | €147,840 | -€139,429 | -48.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €284,269 | €144,840 | -€139,429 | -49.0% |
| Distributable reserves | 133 | €284,269 | €144,840 | -€139,429 | -49.0% |
| Amounts payable | 17/49 | €371,322 | €542,425 | +€171,103 | +46.1% |
| Amounts payable after more than one year | 17 | €281,090 | €239,851 | -€41,239 | -14.7% |
| Financial debts | 170/4 | €281,090 | €239,851 | -€41,239 | -14.7% |
| Amounts payable within one year | 42/48 | €86,422 | €298,764 | +€212,342 | +246% |
| Current portion of amounts payable after more than one year | 42 | €40,540 | €41,239 | +€699 | +1.7% |
| Trade debts | 44 | €4,894 | €12,213 | +€7,319 | +150% |
| Suppliers | 440/4 | €4,894 | €12,213 | +€7,319 | +150% |
| Taxes, remuneration and social security | 45 | €32,690 | €32,389 | -€300 | -0.9% |
| Taxes | 450/3 | €32,690 | €32,389 | -€300 | -0.9% |
| Other amounts payable | 47/48 | €8,298 | €212,923 | +€204,625 | +2,466% |
| Accrued charges and deferred income | 492/3 | €3,810 | €3,810 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,078 | €23,745 | +€667 | +2.9% |
| Other operating charges | 640/8 | €4,236 | €7,468 | +€3,232 | +76.3% |
| Gross operating margin | 9900 | €157,580 | €161,927 | +€4,347 | +2.8% |
| Operating profit (loss) | 9901 | €130,267 | €130,714 | +€448 | +0.3% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €7,312 | €6,718 | -€593 | -8.1% |
| Recurring financial charges | 65 | €7,312 | €6,718 | -€593 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €122,967 | €123,996 | +€1,029 | +0.8% |
| Income taxes | 67/77 | €27,407 | €28,131 | +€724 | +2.6% |
| Profit (loss) for the period | 9904 | €95,560 | €95,865 | +€305 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,560 | €95,865 | +€305 | +0.3% |
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 13 October 2026 via checked.be.