Hannelore Volders: what changed
Hannelore Volders
Largest movements
- Stocks and contracts -€18,875
down €18,875 (-8.1%), from €232,961 to €214,085
- Deferred charges and accrued income -€5,528
down €5,528 (-35.6%), from €15,528 to €10,000
- Tangible fixed assets -€2,695
down €2,695 (-32.8%), from €8,223 to €5,527
- Other debts -€41,336
down €41,336 (-39.6%), from €104,263 to €62,927
- Tax, wage and social debts -€35,063
down €35,063 (-77.6%), from €45,192 to €10,128
- Short-term financial debts +€26,604
up €26,604 (+111%), from €24,003 to €50,606
- Trade debts +€12,537
up €12,537 (+19.2%), from €65,367 to €77,904
- Reserves +€10,254
up €10,254 (+57.4%), from €17,879 to €28,133
- Gross operating margin +€4,489
up €4,489 (+24.6%), from €18,283 to €22,771
- Other operating charges +€1,094
up €1,094 (+95.8%), from €1,141 to €2,235
- Taxes -€759
down €759 (-35.7%), from €2,125 to €1,367
- Financial charges -€539
down €539 (-7.9%), from €6,789 to €6,250
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,203 | €232,198 | -€27,005 | -10.4% |
| Fixed assets | 21/28 | €8,223 | €5,527 | -€2,695 | -32.8% |
| Tangible fixed assets | 22/27 | €8,223 | €5,527 | -€2,695 | -32.8% |
| Furniture and vehicles | 24 | €8,223 | €5,527 | -€2,695 | -32.8% |
| Current assets | 29/58 | €250,981 | €226,671 | -€24,310 | -9.7% |
| Stocks and contracts in progress | 3 | €232,961 | €214,085 | -€18,875 | -8.1% |
| Stocks | 30/36 | €232,961 | €214,085 | -€18,875 | -8.1% |
| Amounts receivable within one year | 40/41 | €2,492 | €2,585 | +€94 | +3.8% |
| Other amounts receivable | 41 | €2,492 | €2,585 | +€94 | +3.8% |
| Deferred charges and accrued income | 490/1 | €15,528 | €10,000 | -€5,528 | -35.6% |
| Total equity and liabilities | 10/49 | €259,203 | €232,198 | -€27,005 | -10.4% |
| Equity | 10/15 | €20,379 | €30,633 | +€10,254 | +50.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,879 | €28,133 | +€10,254 | +57.4% |
| Distributable reserves | 133 | €17,879 | €28,133 | +€10,254 | +57.4% |
| Amounts payable | 17/49 | €238,824 | €201,565 | -€37,259 | -15.6% |
| Amounts payable within one year | 42/48 | €238,824 | €201,565 | -€37,259 | -15.6% |
| Financial debts | 43 | €24,003 | €50,606 | +€26,604 | +111% |
| Credit institutions | 430/8 | €24,003 | €50,606 | +€26,604 | +111% |
| Trade debts | 44 | €65,367 | €77,904 | +€12,537 | +19.2% |
| Suppliers | 440/4 | €65,367 | €77,904 | +€12,537 | +19.2% |
| Taxes, remuneration and social security | 45 | €45,192 | €10,128 | -€35,063 | -77.6% |
| Taxes | 450/3 | €45,192 | €10,128 | -€35,063 | -77.6% |
| Other amounts payable | 47/48 | €104,263 | €62,927 | -€41,336 | -39.6% |
| Non-recurring operating income | 76A | - | €1,389 | +€1,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,738 | €2,695 | -€42 | -1.5% |
| Other operating charges | 640/8 | €1,141 | €2,235 | +€1,094 | +95.8% |
| Gross operating margin | 9900 | €18,283 | €22,771 | +€4,489 | +24.6% |
| Operating profit (loss) | 9901 | €14,404 | €17,841 | +€3,437 | +23.9% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €6,789 | €6,250 | -€539 | -7.9% |
| Recurring financial charges | 65 | €6,789 | €6,250 | -€539 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €7,614 | €11,621 | +€4,006 | +52.6% |
| Income taxes | 67/77 | €2,125 | €1,367 | -€759 | -35.7% |
| Profit (loss) for the period | 9904 | €5,489 | €10,254 | +€4,765 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,489 | €10,254 | +€4,765 | +86.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.