hankos: 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.
hankos
Largest movements
- Stocks and contracts -€61,988
down €61,988 (-30.6%), from €202,263 to €140,275
- Cash +€52,766
up €52,766 (+191.9%), from €27,497 to €80,263
mainly Stocks and contracts (+€61,988) and Current investments (+€15,334)
- Current investments -€15,334
down €15,334 (-35.5%), from €43,176 to €27,842
- Tangible fixed assets -€8,457
down €8,457 (-62.0%), from €13,631 to €5,174
of which Furniture and vehicles: -€6,758
- Receivables within one year -€7,159
down €7,159 (-45.1%), from €15,890 to €8,731
of which Trade receivables: -€4,315
- Trade debts -€26,789
down €26,789 (-56.9%), from €47,040 to €20,251
- Reserves -€14,831
down €14,831 (-78.8%), from €18,831 to €4,000
of which Distributable reserves: -€12,000
- Other debts +€4,624
up €4,624 (+14.8%), from €31,163 to €35,787
- Write-downs -€12,926
down €12,926, from €12,874 to -€53
- Gross operating margin +€12,621
up €12,621 (+16.9%), from €74,836 to €87,457
- Depreciation -€4,223
down €4,223 (-31.6%), from €13,345 to €9,122
- Financial income -€2,080
down €2,080 (-49.4%), from €4,215 to €2,135
- Taxes +€1,737
up €1,737 (+614.3%), from €283 to €2,020
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,107 | €267,623 | -€41,485 | -13.4% |
| Fixed assets | 21/28 | €14,981 | €5,859 | -€9,122 | -60.9% |
| Intangible fixed assets | 21 | €1,200 | €535 | -€665 | -55.4% |
| Tangible fixed assets | 22/27 | €13,631 | €5,174 | -€8,457 | -62.0% |
| Plant, machinery and equipment | 23 | €1,489 | €1,099 | -€390 | -26.2% |
| Furniture and vehicles | 24 | €8,049 | €1,291 | -€6,758 | -84.0% |
| Other tangible fixed assets | 26 | €4,093 | €2,783 | -€1,309 | -32.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €294,127 | €261,764 | -€32,363 | -11.0% |
| Stocks and contracts in progress | 3 | €202,263 | €140,275 | -€61,988 | -30.6% |
| Stocks | 30/36 | €202,263 | €140,275 | -€61,988 | -30.6% |
| Amounts receivable within one year | 40/41 | €15,890 | €8,731 | -€7,159 | -45.1% |
| Trade receivables | 40 | €4,985 | €670 | -€4,315 | -86.6% |
| Other amounts receivable | 41 | €10,905 | €8,060 | -€2,844 | -26.1% |
| Current investments | 50/53 | €43,176 | €27,842 | -€15,334 | -35.5% |
| Cash at bank and in hand | 54/58 | €27,497 | €80,263 | +€52,766 | +191.9% |
| Deferred charges and accrued income | 490/1 | €5,300 | €4,652 | -€648 | -12.2% |
| Total equity and liabilities | 10/49 | €309,107 | €267,623 | -€41,485 | -13.4% |
| Equity | 10/15 | €60,566 | €44,403 | -€16,163 | -26.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €18,831 | €4,000 | -€14,831 | -78.8% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,831 | €0 | -€2,831 | -100.0% |
| Distributable reserves | 133 | €12,000 | €0 | -€12,000 | -100.0% |
| Profit (loss) carried forward | 14 | €1,734 | €403 | -€1,332 | -76.8% |
| Provisions and deferred taxes | 16 | €708 | €0 | -€708 | -100.0% |
| Deferred taxes | 168 | €708 | €0 | -€708 | -100.0% |
| Amounts payable | 17/49 | €247,834 | €223,220 | -€24,614 | -9.9% |
| Amounts payable within one year | 42/48 | €247,246 | €222,712 | -€24,534 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €47,040 | €20,251 | -€26,789 | -56.9% |
| Suppliers | 440/4 | €47,040 | €20,251 | -€26,789 | -56.9% |
| Advances received on contracts in progress | 46 | €1,425 | €425 | -€1,000 | -70.2% |
| Taxes, remuneration and social security | 45 | €42,619 | €41,250 | -€1,369 | -3.2% |
| Taxes | 450/3 | €28,229 | €27,242 | -€987 | -3.5% |
| Remuneration and social security | 454/9 | €14,390 | €14,008 | -€381 | -2.7% |
| Other amounts payable | 47/48 | €31,163 | €35,787 | +€4,624 | +14.8% |
| Accrued charges and deferred income | 492/3 | €588 | €508 | -€80 | -13.6% |
| Remuneration, social security and pensions | 62 | €84,369 | €85,709 | +€1,341 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,345 | €9,122 | -€4,223 | -31.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,874 | -€53 | -€12,926 | |
| Other operating charges | 640/8 | €582 | €799 | +€218 | +37.4% |
| Gross operating margin | 9900 | €74,836 | €87,457 | +€12,621 | +16.9% |
| Operating profit (loss) | 9901 | -€36,333 | -€8,121 | +€28,212 | +77.6% |
| Financial income | 75/76B | €4,215 | €2,135 | -€2,080 | -49.4% |
| Recurring financial income | 75 | €4,215 | €2,135 | -€2,080 | -49.4% |
| Financial charges | 65/66B | €9,763 | €8,865 | -€899 | -9.2% |
| Recurring financial charges | 65 | €9,763 | €8,865 | -€899 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,881 | -€14,851 | +€27,031 | +64.5% |
| Transfer from deferred taxes | 780 | €1,658 | €708 | -€950 | -57.3% |
| Income taxes | 67/77 | €283 | €2,020 | +€1,737 | +614.3% |
| Profit (loss) for the period | 9904 | -€40,506 | -€16,163 | +€24,343 | +60.1% |
| Transfer from tax-exempt reserves | 789 | €6,631 | €2,831 | -€3,800 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,875 | -€13,332 | +€20,544 | +60.6% |
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 11 October 2026 via checked.be.