Hangar 238: 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 238
Largest movements
- Cash +€631,985
up €631,985 (+1,256%), from €50,310 to €682,295
mainly Advances received (+€650,771) and Net result for the year (+€365,031)
- Receivables within one year +€606,678
up €606,678 (+1,628%), from €37,261 to €643,940
of which Trade receivables: +€606,759
- Tangible fixed assets -€388,523
down €388,523 (-21.1%), from €1.8m to €1.5m
of which Furniture and vehicles: -€334,771
- Advances received +€650,771
new in 2025: €650,771
- Profit (loss) carried forward +€365,031
up €365,031 (+32.0%), from -€1.1m to -€777,441
- Other debts -€157,216
down €157,216 (-28.7%), from €547,986 to €390,771
- Gross operating margin +€235,142
up €235,142 (+107%), from €218,790 to €453,932
- Depreciation -€78,794
down €78,794 (-51.5%), from €153,059 to €74,265
- Write-downs +€5,038
new in 2025: €5,038
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 | €1,935,324 | €2,785,521 | +€850,197 | +43.9% |
| Fixed assets | 21/28 | €1,842,096 | €1,453,572 | -€388,523 | -21.1% |
| Tangible fixed assets | 22/27 | €1,839,296 | €1,450,772 | -€388,523 | -21.1% |
| Land and buildings | 22 | €1,436,299 | €1,385,406 | -€50,893 | -3.5% |
| Plant, machinery and equipment | 23 | €5,301 | €2,443 | -€2,858 | -53.9% |
| Furniture and vehicles | 24 | €397,695 | €62,924 | -€334,771 | -84.2% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €93,228 | €1,331,948 | +€1.2m | +1,329% |
| Amounts receivable within one year | 40/41 | €37,261 | €643,940 | +€606,678 | +1,628% |
| Trade receivables | 40 | €37,181 | €643,940 | +€606,759 | +1,632% |
| Other amounts receivable | 41 | €81 | €0 | -€81 | -100% |
| Cash at bank and in hand | 54/58 | €50,310 | €682,295 | +€631,985 | +1,256% |
| Deferred charges and accrued income | 490/1 | €5,657 | €5,713 | +€57 | +1.0% |
| Total equity and liabilities | 10/49 | €1,935,324 | €2,785,521 | +€850,197 | +43.9% |
| Equity | 10/15 | €1,357,528 | €1,722,559 | +€365,031 | +26.9% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,142,472 | -€777,441 | +€365,031 | +32.0% |
| Amounts payable | 17/49 | €577,796 | €1,062,962 | +€485,166 | +84.0% |
| Amounts payable within one year | 42/48 | €577,796 | €1,062,962 | +€485,166 | +84.0% |
| Trade debts | 44 | €4,958 | €1,749 | -€3,209 | -64.7% |
| Suppliers | 440/4 | €4,958 | €1,749 | -€3,209 | -64.7% |
| Advances received on contracts in progress | 46 | - | €650,771 | +€650,771 | |
| Taxes, remuneration and social security | 45 | €24,852 | €19,672 | -€5,180 | -20.8% |
| Taxes | 450/3 | €24,852 | €19,672 | -€5,180 | -20.8% |
| Other amounts payable | 47/48 | €547,986 | €390,771 | -€157,216 | -28.7% |
| Non-recurring operating income | 76A | - | €274,118 | +€274,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,059 | €74,265 | -€78,794 | -51.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,038 | +€5,038 | |
| Other operating charges | 640/8 | €8,506 | €8,952 | +€446 | +5.2% |
| Gross operating margin | 9900 | €218,790 | €453,932 | +€235,142 | +107% |
| Operating profit (loss) | 9901 | €57,225 | €365,678 | +€308,453 | +539% |
| Financial income | 75/76B | €1 | €7 | +€7 | +775% |
| Recurring financial income | 75 | €1 | €7 | +€7 | +775% |
| Financial charges | 65/66B | €94 | €359 | +€265 | +284% |
| Recurring financial charges | 65 | €94 | €359 | +€265 | +284% |
| Profit (loss) for the period before taxes | 9903 | €57,132 | €365,326 | +€308,194 | +539% |
| Income taxes | 67/77 | €359 | €295 | -€63 | -17.7% |
| Profit (loss) for the period | 9904 | €56,773 | €365,031 | +€308,258 | +543% |
| Profit (loss) for the period to be appropriated | 9905 | €56,773 | €365,031 | +€308,258 | +543% |
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 13 October 2026 via checked.be.