HANGAR 22: 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.
What changed
HANGAR 22
NACE 63.920, Other information service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€138,498
2024 · -€99,940-€38,558
Equity
-€310,744
2024 · -€172,246-€138,498
Cash
€1,715
2024 · €2,947-€1,232
Balance sheet total
€701,235
2024 · €690,332+€10,904
Largest movements
Assets
- Tangible fixed assets +€12,606
up €12,606 (+1.9%), from €680,606 to €693,212
of which Furniture and vehicles: +€83,174
Equity and liabilities
- Other debts +€196,696
up €196,696 (+27.5%), from €715,405 to €912,101
- Profit (loss) carried forward -€138,498
down €138,498 (-11.3%), from -€1.2m to -€1.4m
- Debts after one year -€43,333
down €43,333 (-80.0%), from €54,167 to €10,834
Income statement
- Gross operating margin -€23,405
down €23,405 (-530%), from -€4,418 to -€27,823
- Depreciation +€12,227
up €12,227 (+14.6%), from €83,741 to €95,968
- Write-downs +€4,478
new in 2025: €4,478
- Financial charges -€1,419
down €1,419 (-32.1%), from €4,426 to €3,007
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.
Result 2024
-€99,940
Gross operating margin
-€23,405
Depreciation
-€12,227
Write-downs
-€4,478
Other operating charges
+€150
Financial income
-€0
Financial charges
+€1,419
Taxes
-€17
Result 2025
-€138,498
raises the resultlowers the result
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.
From operations
+€150,675
Investment
-€108,574
Financing
-€43,333
Cash 2024
€2,947
From operations (derived)
+€150,675
Net result for the year
-€138,498
Depreciation
+€95,968
Receivables within one year
+€4,363
Deferred charges and accrued income
-€3,892
Trade debts
-€3,772
Tax, wage and social debts
-€189
Other debts
+€196,696
Investment (derived)
-€108,574
Investment in fixed assets (net)
-€108,574
Financing
-€43,333
Debts after one year
-€43,333
Cash 2025
€1,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €690,332 | €701,235 | +€10,904 | +1.6% |
| Fixed assets | 21/28 | €682,441 | €695,047 | +€12,606 | +1.8% |
| Tangible fixed assets | 22/27 | €680,606 | €693,212 | +€12,606 | +1.9% |
| Land and buildings | 22 | €674,840 | €604,595 | -€70,245 | -10.4% |
| Plant, machinery and equipment | 23 | €638 | €316 | -€322 | -50.5% |
| Furniture and vehicles | 24 | €5,127 | €88,301 | +€83,174 | +1,622% |
| Financial fixed assets | 28 | €1,835 | €1,835 | = | 0.0% |
| Current assets | 29/58 | €7,891 | €6,188 | -€1,703 | -21.6% |
| Amounts receivable within one year | 40/41 | €4,478 | €115 | -€4,363 | -97.4% |
| Trade receivables | 40 | €4,478 | €115 | -€4,363 | -97.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,947 | €1,715 | -€1,232 | -41.8% |
| Deferred charges and accrued income | 490/1 | €466 | €4,358 | +€3,892 | +835% |
| Total equity and liabilities | 10/49 | €690,332 | €701,235 | +€10,904 | +1.6% |
| Equity | 10/15 | -€172,246 | -€310,744 | -€138,498 | -80.4% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,222,246 | -€1,360,744 | -€138,498 | -11.3% |
| Amounts payable | 17/49 | €862,578 | €1,011,980 | +€149,402 | +17.3% |
| Amounts payable after more than one year | 17 | €54,167 | €10,834 | -€43,333 | -80.0% |
| Financial debts | 170/4 | €54,167 | €10,834 | -€43,333 | -80.0% |
| Amounts payable within one year | 42/48 | €766,478 | €959,213 | +€192,735 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €43,333 | €43,333 | = | 0.0% |
| Trade debts | 44 | €3,808 | €36 | -€3,772 | -99.0% |
| Suppliers | 440/4 | €3,808 | €36 | -€3,772 | -99.0% |
| Taxes, remuneration and social security | 45 | €3,932 | €3,743 | -€189 | -4.8% |
| Taxes | 450/3 | €3,932 | €3,743 | -€189 | -4.8% |
| Other amounts payable | 47/48 | €715,405 | €912,101 | +€196,696 | +27.5% |
| Accrued charges and deferred income | 492/3 | €41,933 | €41,933 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,741 | €95,968 | +€12,227 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,478 | +€4,478 | |
| Other operating charges | 640/8 | €6,357 | €6,208 | -€150 | -2.4% |
| Gross operating margin | 9900 | -€4,418 | -€27,823 | -€23,405 | -530% |
| Operating profit (loss) | 9901 | -€94,516 | -€134,477 | -€39,960 | -42.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,426 | €3,007 | -€1,419 | -32.1% |
| Recurring financial charges | 65 | €4,426 | €3,007 | -€1,419 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€98,942 | -€137,483 | -€38,541 | -39.0% |
| Income taxes | 67/77 | €998 | €1,015 | +€17 | +1.7% |
| Profit (loss) for the period | 9904 | -€99,940 | -€138,498 | -€38,558 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,940 | -€138,498 | -€38,558 | -38.6% |
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 18 October 2026 via checked.be.