HANNAH: 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.
HANNAH
Largest movements
- Cash -€121,409
down €121,409 (-89.9%), from €135,037 to €13,627
mainly Contributions, distributions and other (-€115,297) and Receivables within one year (-€26,849)
- Tangible fixed assets -€28,733
down €28,733 (-16.3%), from €176,465 to €147,732
of which Land and buildings: -€26,180
- Receivables within one year +€26,849
up €26,849 (+26.6%), from €100,832 to €127,681
of which Trade receivables: +€29,917
- Deferred charges and accrued income +€9,749
up €9,749 (+136.1%), from €7,163 to €16,912
- Reserves -€110,674
down €110,674 (-24.1%), from €458,467 to €347,793
- Tax, wage and social debts -€14,512
down €14,512 (-53.8%), from €26,986 to €12,474
- Trade debts +€13,264
up €13,264 (+1263.2%), from €1,050 to €14,314
- Financial income -€30,477
down €30,477 (-89.4%), from €34,075 to €3,598
- Gross operating margin -€20,195
down €20,195 (-25.8%), from €78,321 to €58,126
- Taxes -€12,505
down €12,505 (-75.9%), from €16,476 to €3,971
- Financial charges -€4,187
down €4,187 (-97.5%), from €4,293 to €106
- Depreciation -€2,068
down €2,068 (-4.0%), from €52,192 to €50,124
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.
Cash bridge derived
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 | €519,497 | €405,953 | -€113,544 | -21.9% |
| Fixed assets | 21/28 | €176,465 | €147,732 | -€28,733 | -16.3% |
| Tangible fixed assets | 22/27 | €176,465 | €147,732 | -€28,733 | -16.3% |
| Land and buildings | 22 | €53,456 | €27,277 | -€26,180 | -49.0% |
| Plant, machinery and equipment | 23 | €3,311 | €4,103 | +€792 | +23.9% |
| Furniture and vehicles | 24 | €6,716 | €10,120 | +€3,403 | +50.7% |
| Other tangible fixed assets | 26 | €112,981 | €106,232 | -€6,749 | -6.0% |
| Current assets | 29/58 | €343,032 | €258,221 | -€84,811 | -24.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,832 | €127,681 | +€26,849 | +26.6% |
| Trade receivables | 40 | €85,365 | €115,282 | +€29,917 | +35.0% |
| Other amounts receivable | 41 | €15,467 | €12,399 | -€3,068 | -19.8% |
| Cash at bank and in hand | 54/58 | €135,037 | €13,627 | -€121,409 | -89.9% |
| Deferred charges and accrued income | 490/1 | €7,163 | €16,912 | +€9,749 | +136.1% |
| Total equity and liabilities | 10/49 | €519,497 | €405,953 | -€113,544 | -21.9% |
| Equity | 10/15 | €464,667 | €353,993 | -€110,674 | -23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €458,467 | €347,793 | -€110,674 | -24.1% |
| Distributable reserves | 133 | €458,467 | €347,793 | -€110,674 | -24.1% |
| Amounts payable | 17/49 | €54,830 | €51,960 | -€2,870 | -5.2% |
| Amounts payable within one year | 42/48 | €54,830 | €51,960 | -€2,870 | -5.2% |
| Trade debts | 44 | €1,050 | €14,314 | +€13,264 | +1263.2% |
| Suppliers | 440/4 | €1,050 | €14,314 | +€13,264 | +1263.2% |
| Taxes, remuneration and social security | 45 | €26,986 | €12,474 | -€14,512 | -53.8% |
| Taxes | 450/3 | €26,986 | €12,474 | -€14,512 | -53.8% |
| Other amounts payable | 47/48 | €26,794 | €25,172 | -€1,622 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,192 | €50,124 | -€2,068 | -4.0% |
| Other operating charges | 640/8 | €2,563 | €2,899 | +€336 | +13.1% |
| Gross operating margin | 9900 | €78,321 | €58,126 | -€20,195 | -25.8% |
| Operating profit (loss) | 9901 | €23,566 | €5,103 | -€18,463 | -78.3% |
| Financial income | 75/76B | €34,075 | €3,598 | -€30,477 | -89.4% |
| Recurring financial income | 75 | €34,075 | €3,598 | -€30,477 | -89.4% |
| Financial charges | 65/66B | €4,293 | €106 | -€4,187 | -97.5% |
| Recurring financial charges | 65 | €4,293 | €106 | -€4,187 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €53,347 | €8,595 | -€44,753 | -83.9% |
| Income taxes | 67/77 | €16,476 | €3,971 | -€12,505 | -75.9% |
| Profit (loss) for the period | 9904 | €36,871 | €4,624 | -€32,247 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,871 | €4,624 | -€32,247 | -87.5% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.