Hanlo: 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.
Hanlo
Largest movements
- Cash +€167,024
up €167,024 (+56.9%), from €293,443 to €460,467
mainly Net result for the year (+€182,010) and Other debts (+€146,395)
- Tangible fixed assets -€32,284
down €32,284 (-7.0%), from €459,882 to €427,598
of which Plant, machinery and equipment: -€23,105
- Other debts +€146,395
up €146,395 (+75.3%), from €194,421 to €340,816
- Debts after one year -€21,728
down €21,728 (-7.1%), from €306,250 to €284,522
- Trade debts +€9,449
up €9,449 (+144%), from €6,558 to €16,008
- Staff costs +€52,800
up €52,800 (+1,059%), from €4,985 to €57,785
- Gross operating margin +€46,629
up €46,629 (+19.1%), from €244,331 to €290,960
- Depreciation +€6,365
up €6,365 (+24.1%), from €26,419 to €32,784
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €766,234 | €903,082 | +€136,847 | +17.9% |
| Fixed assets | 21/28 | €463,619 | €430,835 | -€32,784 | -7.1% |
| Intangible fixed assets | 21 | €3,737 | €3,237 | -€500 | -13.4% |
| Tangible fixed assets | 22/27 | €459,882 | €427,598 | -€32,284 | -7.0% |
| Land and buildings | 22 | €355,594 | €347,260 | -€8,333 | -2.3% |
| Plant, machinery and equipment | 23 | €102,667 | €79,562 | -€23,105 | -22.5% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €1,622 | €776 | -€846 | -52.2% |
| Current assets | 29/58 | €302,615 | €472,247 | +€169,632 | +56.1% |
| Stocks and contracts in progress | 3 | €2,049 | €2,414 | +€365 | +17.8% |
| Stocks | 30/36 | €2,049 | €2,414 | +€365 | +17.8% |
| Amounts receivable within one year | 40/41 | €5,683 | €7,968 | +€2,285 | +40.2% |
| Trade receivables | 40 | €5,665 | €7,572 | +€1,908 | +33.7% |
| Other amounts receivable | 41 | €19 | €396 | +€378 | +2,041% |
| Cash at bank and in hand | 54/58 | €293,443 | €460,467 | +€167,024 | +56.9% |
| Deferred charges and accrued income | 490/1 | €1,441 | €1,398 | -€43 | -3.0% |
| Total equity and liabilities | 10/49 | €766,234 | €903,082 | +€136,847 | +17.9% |
| Equity | 10/15 | €228,365 | €228,376 | +€10 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,765 | €209,776 | +€10 | 0.0% |
| Distributable reserves | 133 | €209,765 | €209,776 | +€10 | 0.0% |
| Amounts payable | 17/49 | €537,869 | €674,706 | +€136,837 | +25.4% |
| Amounts payable after more than one year | 17 | €306,250 | €284,522 | -€21,728 | -7.1% |
| Financial debts | 170/4 | €306,250 | €284,522 | -€21,728 | -7.1% |
| Amounts payable within one year | 42/48 | €231,619 | €390,184 | +€158,565 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €24,854 | €23,671 | -€1,183 | -4.8% |
| Trade debts | 44 | €6,558 | €16,008 | +€9,449 | +144% |
| Suppliers | 440/4 | €6,558 | €16,008 | +€9,449 | +144% |
| Taxes, remuneration and social security | 45 | €5,785 | €9,689 | +€3,904 | +67.5% |
| Taxes | 450/3 | €2,787 | €2,653 | -€134 | -4.8% |
| Remuneration and social security | 454/9 | €2,997 | €7,035 | +€4,038 | +135% |
| Other amounts payable | 47/48 | €194,421 | €340,816 | +€146,395 | +75.3% |
| Remuneration, social security and pensions | 62 | €4,985 | €57,785 | +€52,800 | +1,059% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,419 | €32,784 | +€6,365 | +24.1% |
| Other operating charges | 640/8 | €3,921 | €3,855 | -€66 | -1.7% |
| Gross operating margin | 9900 | €244,331 | €290,960 | +€46,629 | +19.1% |
| Operating profit (loss) | 9901 | €209,006 | €196,535 | -€12,471 | -6.0% |
| Financial income | 75/76B | €649 | €2 | -€646 | -99.7% |
| Recurring financial income | 75 | €649 | €2 | -€646 | -99.7% |
| Financial charges | 65/66B | €14,765 | €13,994 | -€771 | -5.2% |
| Recurring financial charges | 65 | €14,765 | €13,994 | -€771 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €194,889 | €182,543 | -€12,346 | -6.3% |
| Income taxes | 67/77 | €1,328 | €533 | -€795 | -59.9% |
| Profit (loss) for the period | 9904 | €193,561 | €182,010 | -€11,551 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €193,561 | €182,010 | -€11,551 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.