HANGAAR 34: 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.
HANGAAR 34
Largest movements
- Tangible fixed assets -€25,259
down €25,259 (-2.2%), from €1.1m to €1.1m
- Debts after one year -€55,768
down €55,768 (-14.9%), from €374,174 to €318,406
- Reserves +€23,137
new in 2026: €23,137
- Financial charges -€3,759
down €3,759 (-12.7%), from €29,690 to €25,931
- Taxes +€3,329
up €3,329 (+44.0%), from €7,574 to €10,903
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.
Cash bridge derived
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 | €1,142,968 | €1,112,308 | -€30,661 | -2.7% |
| Fixed assets | 21/28 | €1,127,821 | €1,102,562 | -€25,259 | -2.2% |
| Tangible fixed assets | 22/27 | €1,127,821 | €1,102,562 | -€25,259 | -2.2% |
| Land and buildings | 22 | €1,127,821 | €1,102,562 | -€25,259 | -2.2% |
| Current assets | 29/58 | €15,147 | €9,745 | -€5,402 | -35.7% |
| Amounts receivable within one year | 40/41 | €1,426 | €0 | -€1,426 | -100.0% |
| Other amounts receivable | 41 | €1,426 | €0 | -€1,426 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,721 | €9,745 | -€3,976 | -29.0% |
| Total equity and liabilities | 10/49 | €1,142,968 | €1,112,308 | -€30,661 | -2.7% |
| Equity | 10/15 | €366,603 | €389,740 | +€23,137 | +6.3% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | - | €23,137 | +€23,137 | |
| Distributable reserves | 133 | - | €23,137 | +€23,137 | |
| Profit (loss) carried forward | 14 | €86,603 | €86,603 | = | 0.0% |
| Amounts payable | 17/49 | €776,365 | €722,568 | -€53,798 | -6.9% |
| Amounts payable after more than one year | 17 | €374,174 | €318,406 | -€55,768 | -14.9% |
| Financial debts | 170/4 | €374,174 | €318,406 | -€55,768 | -14.9% |
| Amounts payable within one year | 42/48 | €381,730 | €386,459 | +€4,729 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €55,133 | €55,768 | +€635 | +1.2% |
| Trade debts | 44 | €367 | €157 | -€210 | -57.2% |
| Suppliers | 440/4 | €367 | €157 | -€210 | -57.2% |
| Taxes, remuneration and social security | 45 | €7,225 | €11,162 | +€3,937 | +54.5% |
| Taxes | 450/3 | €7,225 | €11,162 | +€3,937 | +54.5% |
| Other amounts payable | 47/48 | €319,004 | €319,372 | +€367 | +0.1% |
| Accrued charges and deferred income | 492/3 | €20,461 | €17,703 | -€2,758 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,259 | €25,259 | = | 0.0% |
| Other operating charges | 640/8 | €7,010 | €7,334 | +€324 | +4.6% |
| Gross operating margin | 9900 | €92,256 | €92,564 | +€308 | +0.3% |
| Operating profit (loss) | 9901 | €59,987 | €59,971 | -€16 | 0.0% |
| Financial charges | 65/66B | €29,690 | €25,931 | -€3,759 | -12.7% |
| Recurring financial charges | 65 | €29,690 | €25,931 | -€3,759 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €30,297 | €34,040 | +€3,743 | +12.4% |
| Income taxes | 67/77 | €7,574 | €10,903 | +€3,329 | +44.0% |
| Profit (loss) for the period | 9904 | €22,723 | €23,137 | +€414 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,723 | €23,137 | +€414 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.