Hanghaar Ciseaux: 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.
Hanghaar Ciseaux
Largest movements
- Tangible fixed assets -€11,921
down €11,921 (-2.2%), from €534,503 to €522,582
of which Land and buildings: -€11,691
- Cash +€7,471
up €7,471 (+16.7%), from €44,802 to €52,273
mainly Depreciation (+€24,750) and Net result for the year (+€20,287)
- Debts after one year -€20,682
down €20,682 (-5.8%), from €356,077 to €335,395
- Reserves +€20,287
up €20,287 (+28.1%), from €72,234 to €92,521
- Tax, wage and social debts -€9,184
down €9,184 (-59.3%), from €15,480 to €6,297
of which Taxes: -€8,098
- Staff costs +€26,425
up €26,425 (+40.4%), from €65,400 to €91,825
- Gross operating margin +€14,129
up €14,129 (+10.1%), from €140,236 to €154,365
- Taxes +€1,817
up €1,817 (+32.8%), from €5,538 to €7,354
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.
Cash bridge derived
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 | €618,746 | €611,218 | -€7,527 | -1.2% |
| Fixed assets | 21/28 | €534,503 | €522,582 | -€11,921 | -2.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €534,503 | €522,582 | -€11,921 | -2.2% |
| Land and buildings | 22 | €521,308 | €509,617 | -€11,691 | -2.2% |
| Plant, machinery and equipment | 23 | €1,159 | €4,007 | +€2,849 | +245.8% |
| Furniture and vehicles | 24 | €12,037 | €8,957 | -€3,079 | -25.6% |
| Current assets | 29/58 | €84,243 | €88,637 | +€4,394 | +5.2% |
| Stocks and contracts in progress | 3 | €36,720 | €33,819 | -€2,901 | -7.9% |
| Stocks | 30/36 | €36,720 | €33,819 | -€2,901 | -7.9% |
| Amounts receivable within one year | 40/41 | €2,121 | €1,944 | -€176 | -8.3% |
| Trade receivables | 40 | €1,928 | €1,621 | -€306 | -15.9% |
| Other amounts receivable | 41 | €193 | €323 | +€130 | +67.5% |
| Cash at bank and in hand | 54/58 | €44,802 | €52,273 | +€7,471 | +16.7% |
| Deferred charges and accrued income | 490/1 | €600 | €600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €618,746 | €611,218 | -€7,527 | -1.2% |
| Equity | 10/15 | €102,234 | €122,521 | +€20,287 | +19.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €72,234 | €92,521 | +€20,287 | +28.1% |
| Distributable reserves | 133 | €72,234 | €92,521 | +€20,287 | +28.1% |
| Amounts payable | 17/49 | €516,512 | €488,697 | -€27,815 | -5.4% |
| Amounts payable after more than one year | 17 | €356,077 | €335,395 | -€20,682 | -5.8% |
| Financial debts | 170/4 | €356,077 | €335,395 | -€20,682 | -5.8% |
| Amounts payable within one year | 42/48 | €160,435 | €153,302 | -€7,133 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €20,263 | €20,682 | +€419 | +2.1% |
| Trade debts | 44 | €4,001 | €5,303 | +€1,302 | +32.5% |
| Suppliers | 440/4 | €4,001 | €5,303 | +€1,302 | +32.5% |
| Taxes, remuneration and social security | 45 | €15,480 | €6,297 | -€9,184 | -59.3% |
| Taxes | 450/3 | €10,453 | €2,355 | -€8,098 | -77.5% |
| Remuneration and social security | 454/9 | €5,028 | €3,942 | -€1,086 | -21.6% |
| Other amounts payable | 47/48 | €120,691 | €121,021 | +€330 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,400 | €91,825 | +€26,425 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,998 | €24,750 | +€752 | +3.1% |
| Other operating charges | 640/8 | €1,729 | €2,465 | +€736 | +42.6% |
| Gross operating margin | 9900 | €140,236 | €154,365 | +€14,129 | +10.1% |
| Operating profit (loss) | 9901 | €49,110 | €35,325 | -€13,784 | -28.1% |
| Financial income | 75/76B | €0 | €53 | +€53 | +88766.7% |
| Recurring financial income | 75 | €0 | €53 | +€53 | +88766.7% |
| Financial charges | 65/66B | €8,091 | €7,737 | -€354 | -4.4% |
| Recurring financial charges | 65 | €8,091 | €7,737 | -€354 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €41,019 | €27,642 | -€13,377 | -32.6% |
| Income taxes | 67/77 | €5,538 | €7,354 | +€1,817 | +32.8% |
| Profit (loss) for the period | 9904 | €35,481 | €20,287 | -€15,194 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,481 | €20,287 | -€15,194 | -42.8% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.