Hannaway: 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.
Hannaway
Largest movements
- Receivables within one year +€33,253
up €33,253 (+41.1%), from €80,856 to €114,109
of which Other amounts receivable: +€36,426
- Tangible fixed assets -€28,505
down €28,505 (-37.1%), from €76,873 to €48,369
of which Furniture and vehicles: -€22,126
- Cash -€28,258
down €28,258 (-12.5%), from €225,300 to €197,042
mainly Contributions, distributions and other (-€42,163) and Receivables within one year (-€33,253)
- Financial fixed assets -€15,020
down €15,020 (-93.8%), from €16,020 to €1,000
- Reserves -€42,163
down €42,163 (-11.3%), from €373,172 to €331,009
- Current portion of long-term debt +€10,123
new in 2025: €10,123
- Tax, wage and social debts -€4,491
down €4,491 (-32.5%), from €13,831 to €9,340
of which Taxes: -€6,891
- Gross operating margin -€95,637
down €95,637 (-75.3%), from €127,041 to €31,405
- Taxes -€27,679
down €27,679 (-95.9%), from €28,859 to €1,180
- Other operating charges -€2,374
down €2,374 (-64.2%), from €3,699 to €1,325
- Depreciation +€2,357
up €2,357 (+9.1%), from €26,032 to €28,389
- Financial charges +€1,651
up €1,651 (+104%), from €1,584 to €3,235
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 | €409,671 | €368,825 | -€40,846 | -10.0% |
| Fixed assets | 21/28 | €92,893 | €49,369 | -€43,524 | -46.9% |
| Tangible fixed assets | 22/27 | €76,873 | €48,369 | -€28,505 | -37.1% |
| Plant, machinery and equipment | 23 | €2,137 | €9,861 | +€7,724 | +361% |
| Furniture and vehicles | 24 | €46,870 | €24,744 | -€22,126 | -47.2% |
| Other tangible fixed assets | 26 | €18,229 | €13,763 | -€4,466 | -24.5% |
| Assets under construction and advance payments | 27 | €9,637 | - | -€9,637 | |
| Financial fixed assets | 28 | €16,020 | €1,000 | -€15,020 | -93.8% |
| Current assets | 29/58 | €316,778 | €319,457 | +€2,679 | +0.8% |
| Amounts receivable within one year | 40/41 | €80,856 | €114,109 | +€33,253 | +41.1% |
| Trade receivables | 40 | €27,756 | €24,583 | -€3,173 | -11.4% |
| Other amounts receivable | 41 | €53,100 | €89,526 | +€36,426 | +68.6% |
| Cash at bank and in hand | 54/58 | €225,300 | €197,042 | -€28,258 | -12.5% |
| Deferred charges and accrued income | 490/1 | €10,622 | €8,306 | -€2,316 | -21.8% |
| Total equity and liabilities | 10/49 | €409,671 | €368,825 | -€40,846 | -10.0% |
| Equity | 10/15 | €391,772 | €348,363 | -€43,409 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €373,172 | €331,009 | -€42,163 | -11.3% |
| Distributable reserves | 133 | €373,172 | €331,009 | -€42,163 | -11.3% |
| Profit (loss) carried forward | 14 | - | -€1,246 | -€1,246 | |
| Amounts payable | 17/49 | €17,899 | €20,463 | +€2,563 | +14.3% |
| Amounts payable within one year | 42/48 | €16,826 | €19,463 | +€2,637 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,123 | +€10,123 | |
| Trade debts | 44 | €2,994 | - | -€2,994 | |
| Suppliers | 440/4 | €2,994 | - | -€2,994 | |
| Taxes, remuneration and social security | 45 | €13,831 | €9,340 | -€4,491 | -32.5% |
| Taxes | 450/3 | €11,431 | €4,540 | -€6,891 | -60.3% |
| Remuneration and social security | 454/9 | €2,400 | €4,800 | +€2,400 | +100% |
| Accrued charges and deferred income | 492/3 | €1,074 | €1,000 | -€74 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,032 | €28,389 | +€2,357 | +9.1% |
| Other operating charges | 640/8 | €3,699 | €1,325 | -€2,374 | -64.2% |
| Gross operating margin | 9900 | €127,041 | €31,405 | -€95,637 | -75.3% |
| Operating profit (loss) | 9901 | €97,310 | €1,691 | -€95,620 | -98.3% |
| Financial income | 75/76B | €1,935 | €1,478 | -€457 | -23.6% |
| Recurring financial income | 75 | €1,935 | €1,478 | -€457 | -23.6% |
| Financial charges | 65/66B | €1,584 | €3,235 | +€1,651 | +104% |
| Recurring financial charges | 65 | €1,584 | €3,235 | +€1,651 | +104% |
| Profit (loss) for the period before taxes | 9903 | €97,661 | -€66 | -€97,727 | |
| Income taxes | 67/77 | €28,859 | €1,180 | -€27,679 | -95.9% |
| Profit (loss) for the period | 9904 | €68,802 | -€1,246 | -€70,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,802 | -€1,246 | -€70,048 |
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 22 October 2026 via checked.be.