Hangar M: what changed
What changed
Hangar M
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€563,035
2024 · €455,029+€108,006
Equity
€8.7m
2024 · €8.4m+€263,035
Cash
€542,253
2024 · €484,272+€57,981
Balance sheet total
€75.5m
2024 · €77.3m-€1.8m
Largest movements
Assets
- Receivables after one year -€1.9m
down €1.9m (-2.6%), from €73.4m to €71.5m
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-3.2%), from €66.5m to €64.4m
of which Financial debts: -€1.8m
Income statement
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Services and other goods -€1.1m
no longer reported in 2025 (was €1.1m)
- Goods and materials -€95,426
no longer reported in 2025 (was €95,426)
- Financial charges -€86,862
down €86,862 (-3.9%), from €2.2m to €2.2m
- Financial income -€69,384
down €69,384 (-2.4%), from €2.9m to €2.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€455,029
Turnover
-€1.1m
Goods and materials
+€95,426
Services and other goods
+€1.1m
Other operating charges
-€31
Other operating items
+€50,994
Financial income
-€69,384
Financial charges
+€86,862
Taxes
-€36,002
Result 2025
€563,035
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.4m
Investment
€0
Financing
-€2.4m
Cash 2024
€484,272
From operations (derived)
+€2.4m
Net result for the year
+€563,035
Receivables after one year
+€1.9m
Receivables within one year
-€53,221
Deferred charges and accrued income
-€521
Trade debts
-€38,927
Tax, wage and social debts
+€23,241
Financing
-€2.4m
Debts after one year
-€2.1m
Current portion of long-term debt
+€44,679
Contributions, distributions and other
-€300,000
Cash 2025
€542,253
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,287,586 | €75,468,426 | -€1.8m | -2.4% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Affiliated companies | 280/1 | €1 | - | -€1 | |
| Participating interests | 280 | €1 | - | -€1 | |
| Current assets | 29/58 | €77,287,585 | €75,468,425 | -€1.8m | -2.4% |
| Amounts receivable after more than one year | 29 | €73,430,134 | €71,499,250 | -€1.9m | -2.6% |
| Trade receivables | 290 | €73,430,134 | €71,499,250 | -€1.9m | -2.6% |
| Amounts receivable within one year | 40/41 | €3,315,015 | €3,368,236 | +€53,221 | +1.6% |
| Trade receivables | 40 | €3,286,457 | €3,364,670 | +€78,214 | +2.4% |
| Other amounts receivable | 41 | €28,558 | €3,566 | -€24,993 | -87.5% |
| Cash at bank and in hand | 54/58 | €484,272 | €542,253 | +€57,981 | +12.0% |
| Deferred charges and accrued income | 490/1 | €58,164 | €58,686 | +€521 | +0.9% |
| Total equity and liabilities | 10/49 | €77,287,586 | €75,468,426 | -€1.8m | -2.4% |
| Equity | 10/15 | €8,403,948 | €8,666,983 | +€263,035 | +3.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,336,298 | €8,599,333 | +€263,035 | +3.2% |
| Amounts payable | 17/49 | €68,883,639 | €66,801,443 | -€2.1m | -3.0% |
| Amounts payable after more than one year | 17 | €66,536,662 | €64,425,472 | -€2.1m | -3.2% |
| Financial debts | 170/4 | €53,792,589 | €52,016,511 | -€1.8m | -3.3% |
| Subordinated loans | 170 | €4,000,000 | - | -€4.0m | |
| Other loans | 174 | €49,792,589 | - | -€49.8m | |
| Other amounts payable | 178/9 | €12,744,073 | €12,408,961 | -€335,112 | -2.6% |
| Amounts payable within one year | 42/48 | €2,346,977 | €2,375,971 | +€28,993 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €1,331,398 | €1,376,078 | +€44,679 | +3.4% |
| Trade debts | 44 | €314,224 | €275,298 | -€38,927 | -12.4% |
| Suppliers | 440/4 | €314,224 | €275,298 | -€38,927 | -12.4% |
| Taxes, remuneration and social security | 45 | €401,355 | €424,596 | +€23,241 | +5.8% |
| Taxes | 450/3 | €401,355 | €424,596 | +€23,241 | +5.8% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Operating income | 70/76A | €1,087,690 | - | -€1.1m | |
| Turnover | 70 | €1,087,690 | - | -€1.1m | |
| Operating charges | 60/66A | €1,164,225 | - | -€1.2m | |
| Goods for resale, raw materials and consumables | 60 | €95,426 | - | -€95,426 | |
| Purchases | 600/8 | €95,426 | - | -€95,426 | |
| Services and other goods | 61 | €1,067,831 | - | -€1.1m | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | - | €50,994 | +€50,994 | |
| Operating profit (loss) | 9901 | -€76,535 | €49,995 | +€126,530 | |
| Financial income | 75/76B | €2,920,733 | €2,851,349 | -€69,384 | -2.4% |
| Recurring financial income | 75 | €2,920,733 | €2,851,349 | -€69,384 | -2.4% |
| Income from current assets | 751 | €2,920,733 | - | -€2.9m | |
| Financial charges | 65/66B | €2,237,492 | €2,150,631 | -€86,862 | -3.9% |
| Recurring financial charges | 65 | €2,237,492 | €2,150,631 | -€86,862 | -3.9% |
| Debt charges | 650 | €2,236,877 | - | -€2.2m | |
| Other financial charges | 652/9 | €616 | - | -€616 | |
| Profit (loss) for the period before taxes | 9903 | €606,706 | €750,714 | +€144,008 | +23.7% |
| Income taxes | 67/77 | €151,676 | €187,678 | +€36,002 | +23.7% |
| Taxes | 670/3 | €151,676 | - | -€151,676 | |
| Profit (loss) for the period | 9904 | €455,029 | €563,035 | +€108,006 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €455,029 | €563,035 | +€108,006 | +23.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.