HANGAR 19: 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.
HANGAR 19
Largest movements
- Tangible fixed assets +€296,220
up €296,220 (+60.2%), from €492,170 to €788,391
of which Assets under construction and advance payments: +€297,229
- Cash +€11,390
up €11,390 (+121%), from €9,444 to €20,834
mainly Other debts (+€348,286) and Accrued charges and deferred income (+€7,450)
- Other debts +€348,286
up €348,286 (+79.3%), from €439,000 to €787,286
- Profit (loss) carried forward -€42,338
down €42,338, from €30,098 to -€12,240
- Gross operating margin -€11,949
down €11,949 (-76.8%), from -€15,568 to -€27,517
- Depreciation -€10,932
down €10,932 (-91.5%), from €11,941 to €1,009
- Financial charges +€7,444
up €7,444 (+224%), from €3,323 to €10,767
- Financial income -€776
down €776 (-93.4%), from €831 to €55
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 | €501,793 | €813,346 | +€311,553 | +62.1% |
| Fixed assets | 21/28 | €492,170 | €788,391 | +€296,220 | +60.2% |
| Tangible fixed assets | 22/27 | €492,170 | €788,391 | +€296,220 | +60.2% |
| Land and buildings | 22 | €492,170 | €491,161 | -€1,009 | -0.2% |
| Assets under construction and advance payments | 27 | - | €297,229 | +€297,229 | |
| Current assets | 29/58 | €9,623 | €24,956 | +€15,333 | +159% |
| Amounts receivable within one year | 40/41 | €179 | €4,121 | +€3,942 | +2,199% |
| Other amounts receivable | 41 | €179 | €4,121 | +€3,942 | +2,199% |
| Cash at bank and in hand | 54/58 | €9,444 | €20,834 | +€11,390 | +121% |
| Total equity and liabilities | 10/49 | €501,793 | €813,346 | +€311,553 | +62.1% |
| Equity | 10/15 | €57,598 | €15,260 | -€42,338 | -73.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,098 | -€12,240 | -€42,338 | |
| Amounts payable | 17/49 | €444,195 | €798,086 | +€353,891 | +79.7% |
| Amounts payable within one year | 42/48 | €440,908 | €787,350 | +€346,441 | +78.6% |
| Trade debts | 44 | €1,908 | €63 | -€1,845 | -96.7% |
| Suppliers | 440/4 | €1,908 | €63 | -€1,845 | -96.7% |
| Other amounts payable | 47/48 | €439,000 | €787,286 | +€348,286 | +79.3% |
| Accrued charges and deferred income | 492/3 | €3,286 | €10,736 | +€7,450 | +227% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,941 | €1,009 | -€10,932 | -91.5% |
| Other operating charges | 640/8 | €3,012 | €3,100 | +€88 | +2.9% |
| Gross operating margin | 9900 | -€15,568 | -€27,517 | -€11,949 | -76.8% |
| Operating profit (loss) | 9901 | -€30,520 | -€31,626 | -€1,106 | -3.6% |
| Financial income | 75/76B | €831 | €55 | -€776 | -93.4% |
| Recurring financial income | 75 | €831 | €55 | -€776 | -93.4% |
| Financial charges | 65/66B | €3,323 | €10,767 | +€7,444 | +224% |
| Recurring financial charges | 65 | €3,323 | €10,767 | +€7,444 | +224% |
| Profit (loss) for the period before taxes | 9903 | -€33,012 | -€42,338 | -€9,326 | -28.2% |
| Profit (loss) for the period | 9904 | -€33,012 | -€42,338 | -€9,326 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,012 | -€42,338 | -€9,326 | -28.2% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.