HANLIE: what changed
Two fiscal 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.
HANLIE
Largest movements
- Cash +€379,426
up €379,426 (+467.2%), from €81,207 to €460,634
mainly Current investments (+€365,000) and Net result for the year (+€150,441)
- Current investments -€365,000
no longer reported in 2025 (was €365,000)
- Tangible fixed assets -€51,877
down €51,877 (-3.9%), from €1.3m to €1.3m
of which Land and buildings: -€51,514
- Reserves +€74,863
up €74,863 (+8.5%), from €884,722 to €959,586
of which Distributable reserves: +€74,863
- Debts after one year -€53,534
down €53,534 (-8.3%), from €644,997 to €591,463
of which Financial debts: -€51,284
- Other debts -€45,854
down €45,854 (-97.1%), from €47,205 to €1,351
- Gross operating margin +€22,826
up €22,826 (+7.4%), from €307,906 to €330,733
- Taxes +€7,940
up €7,940 (+12.7%), from €62,548 to €70,488
- Financial income +€4,126
up €4,126 (+85.9%), from €4,802 to €8,928
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 | €1,889,619 | €1,850,715 | -€38,903 | -2.1% |
| Fixed assets | 21/28 | €1,338,983 | €1,287,106 | -€51,877 | -3.9% |
| Tangible fixed assets | 22/27 | €1,337,793 | €1,285,916 | -€51,877 | -3.9% |
| Land and buildings | 22 | €1,337,430 | €1,285,916 | -€51,514 | -3.9% |
| Furniture and vehicles | 24 | €363 | - | -€363 | |
| Financial fixed assets | 28 | €1,190 | €1,190 | = | 0.0% |
| Current assets | 29/58 | €550,636 | €563,609 | +€12,974 | +2.4% |
| Amounts receivable within one year | 40/41 | €95,381 | €95,710 | +€329 | +0.3% |
| Trade receivables | 40 | €95,381 | €95,381 | = | 0.0% |
| Other amounts receivable | 41 | - | €329 | +€329 | |
| Current investments | 50/53 | €365,000 | - | -€365,000 | |
| Cash at bank and in hand | 54/58 | €81,207 | €460,634 | +€379,426 | +467.2% |
| Deferred charges and accrued income | 490/1 | €9,047 | €7,266 | -€1,781 | -19.7% |
| Total equity and liabilities | 10/49 | €1,889,619 | €1,850,715 | -€38,903 | -2.1% |
| Equity | 10/15 | €946,722 | €1,021,586 | +€74,863 | +7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €884,722 | €959,586 | +€74,863 | +8.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €878,522 | €953,386 | +€74,863 | +8.5% |
| Provisions and deferred taxes | 16 | €32,500 | €32,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,500 | €32,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €32,500 | €32,500 | = | 0.0% |
| Amounts payable | 17/49 | €910,397 | €796,630 | -€113,767 | -12.5% |
| Amounts payable after more than one year | 17 | €644,997 | €591,463 | -€53,534 | -8.3% |
| Financial debts | 170/4 | €584,697 | €533,413 | -€51,284 | -8.8% |
| Other amounts payable | 178/9 | €60,300 | €58,050 | -€2,250 | -3.7% |
| Amounts payable within one year | 42/48 | €261,515 | €203,432 | -€58,083 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €51,139 | €51,284 | +€144 | +0.3% |
| Trade debts | 44 | €101,101 | €96,205 | -€4,895 | -4.8% |
| Suppliers | 440/4 | €101,101 | €96,205 | -€4,895 | -4.8% |
| Taxes, remuneration and social security | 45 | €62,070 | €54,592 | -€7,478 | -12.0% |
| Taxes | 450/3 | €52,070 | €54,592 | +€2,522 | +4.8% |
| Remuneration and social security | 454/9 | €10,000 | - | -€10,000 | |
| Other amounts payable | 47/48 | €47,205 | €1,351 | -€45,854 | -97.1% |
| Accrued charges and deferred income | 492/3 | €3,885 | €1,735 | -€2,150 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,372 | €55,191 | -€181 | -0.3% |
| Other operating charges | 640/8 | €40,399 | €41,997 | +€1,598 | +4.0% |
| Gross operating margin | 9900 | €307,906 | €330,733 | +€22,826 | +7.4% |
| Operating profit (loss) | 9901 | €212,135 | €233,544 | +€21,409 | +10.1% |
| Financial income | 75/76B | €4,802 | €8,928 | +€4,126 | +85.9% |
| Recurring financial income | 75 | €4,802 | €8,928 | +€4,126 | +85.9% |
| Financial charges | 65/66B | €23,402 | €21,543 | -€1,859 | -7.9% |
| Recurring financial charges | 65 | €23,402 | €21,543 | -€1,859 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €193,535 | €220,929 | +€27,394 | +14.2% |
| Income taxes | 67/77 | €62,548 | €70,488 | +€7,940 | +12.7% |
| Profit (loss) for the period | 9904 | €130,987 | €150,441 | +€19,454 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,987 | €150,441 | +€19,454 | +14.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.