HANMUTEC: 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.
HANMUTEC
Largest movements
- Receivables within one year -€60,984
down €60,984 (-82.6%), from €73,838 to €12,854
of which Other amounts receivable: -€54,939
- Tangible fixed assets -€51,533
down €51,533 (-3.2%), from €1.6m to €1.6m
of which Land and buildings: -€50,809
- Cash +€25,040
up €25,040 (+40.7%), from €61,555 to €86,596
mainly Receivables within one year (+€60,984) and Depreciation (+€51,533)
- Reserves -€99,678
down €99,678 (-5.6%), from €1.8m to €1.7m
- Gross operating margin -€15,812
down €15,812 (-39.0%), from €40,555 to €24,742
- Financial income +€656
up €656 (+129%), from €510 to €1,167
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.
Derived cash bridge
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 | €1,793,313 | €1,705,869 | -€87,443 | -4.9% |
| Fixed assets | 21/28 | €1,618,684 | €1,567,151 | -€51,533 | -3.2% |
| Tangible fixed assets | 22/27 | €1,618,684 | €1,567,151 | -€51,533 | -3.2% |
| Land and buildings | 22 | €1,615,699 | €1,564,890 | -€50,809 | -3.1% |
| Plant, machinery and equipment | 23 | €2,985 | €2,261 | -€724 | -24.3% |
| Current assets | 29/58 | €174,629 | €138,719 | -€35,910 | -20.6% |
| Stocks and contracts in progress | 3 | €36,918 | €36,918 | = | 0.0% |
| Stocks | 30/36 | €36,918 | €36,918 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,838 | €12,854 | -€60,984 | -82.6% |
| Trade receivables | 40 | €17,979 | €11,934 | -€6,045 | -33.6% |
| Other amounts receivable | 41 | €55,859 | €921 | -€54,939 | -98.4% |
| Cash at bank and in hand | 54/58 | €61,555 | €86,596 | +€25,040 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,317 | €2,350 | +€33 | +1.4% |
| Total equity and liabilities | 10/49 | €1,793,313 | €1,705,869 | -€87,443 | -4.9% |
| Equity | 10/15 | €1,786,477 | €1,686,799 | -€99,678 | -5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,774,077 | €1,674,399 | -€99,678 | -5.6% |
| Distributable reserves | 133 | €1,774,077 | €1,674,399 | -€99,678 | -5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,836 | €19,070 | +€12,235 | +179% |
| Amounts payable within one year | 42/48 | €6,827 | €12,242 | +€5,415 | +79.3% |
| Trade debts | 44 | €3,392 | €8,941 | +€5,548 | +164% |
| Suppliers | 440/4 | €3,392 | €8,941 | +€5,548 | +164% |
| Taxes, remuneration and social security | 45 | €2,700 | €0 | -€2,700 | -100% |
| Taxes | 450/3 | €2,700 | €0 | -€2,700 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €735 | €3,302 | +€2,567 | +349% |
| Accrued charges and deferred income | 492/3 | €8 | €6,828 | +€6,820 | +81,869% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,372 | €51,533 | +€161 | +0.3% |
| Other operating charges | 640/8 | €3,821 | €3,961 | +€140 | +3.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,555 | €24,742 | -€15,812 | -39.0% |
| Operating profit (loss) | 9901 | -€14,639 | -€30,752 | -€16,113 | -110% |
| Financial income | 75/76B | €510 | €1,167 | +€656 | +129% |
| Recurring financial income | 75 | €510 | €1,167 | +€656 | +129% |
| Financial charges | 65/66B | €90 | €93 | +€3 | +3.1% |
| Recurring financial charges | 65 | €90 | €93 | +€3 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,219 | -€29,678 | -€15,459 | -109% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,219 | -€29,678 | -€15,459 | -109% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,219 | -€29,678 | -€15,459 | -109% |
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 18 October 2026 via checked.be.