HANNES BOONE: 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.
HANNES BOONE
Largest movements
- Receivables within one year -€277,133
down €277,133 (-80.1%), from €345,868 to €68,735
of which Other amounts receivable: -€277,139
- Cash +€160,084
up €160,084 (+353%), from €45,358 to €205,441
mainly Receivables within one year (+€277,133) and Net result for the year (+€169,609)
- Current investments +€75,000
new in 2025: €75,000
- Tangible fixed assets +€68,187
up €68,187 (+34.8%), from €195,668 to €263,855
of which Land and buildings: +€103,364
- Reserves +€169,609
up €169,609 (+39.7%), from €427,636 to €597,245
- Tax, wage and social debts -€79,164
down €79,164 (-59.9%), from €132,180 to €53,016
- Debts after one year -€64,301
down €64,301 (-34.2%), from €187,850 to €123,549
- Gross operating margin -€196,333
down €196,333 (-46.1%), from €425,571 to €229,238
- Taxes -€43,415
down €43,415 (-46.1%), from €94,219 to €50,803
- Depreciation -€15,659
down €15,659 (-73.0%), from €21,456 to €5,797
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 | €811,893 | €839,004 | +€27,111 | +3.3% |
| Fixed assets | 21/28 | €420,668 | €488,855 | +€68,187 | +16.2% |
| Tangible fixed assets | 22/27 | €195,668 | €263,855 | +€68,187 | +34.8% |
| Land and buildings | 22 | €160,491 | €263,855 | +€103,364 | +64.4% |
| Assets under construction and advance payments | 27 | €35,177 | - | -€35,177 | |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €391,225 | €350,149 | -€41,076 | -10.5% |
| Amounts receivable within one year | 40/41 | €345,868 | €68,735 | -€277,133 | -80.1% |
| Trade receivables | 40 | - | €6 | +€6 | |
| Other amounts receivable | 41 | €345,868 | €68,728 | -€277,139 | -80.1% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €45,358 | €205,441 | +€160,084 | +353% |
| Deferred charges and accrued income | 490/1 | - | €973 | +€973 | |
| Total equity and liabilities | 10/49 | €811,893 | €839,004 | +€27,111 | +3.3% |
| Equity | 10/15 | €427,636 | €597,245 | +€169,609 | +39.7% |
| Reserves | 13 | €427,636 | €597,245 | +€169,609 | +39.7% |
| Distributable reserves | 133 | €427,636 | €597,245 | +€169,609 | +39.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €384,257 | €241,759 | -€142,498 | -37.1% |
| Amounts payable after more than one year | 17 | €187,850 | €123,549 | -€64,301 | -34.2% |
| Financial debts | 170/4 | €187,850 | €123,549 | -€64,301 | -34.2% |
| Amounts payable within one year | 42/48 | €195,676 | €118,210 | -€77,467 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €62,602 | €64,301 | +€1,699 | +2.7% |
| Trade debts | 44 | €895 | €892 | -€2 | -0.3% |
| Suppliers | 440/4 | €895 | €892 | -€2 | -0.3% |
| Taxes, remuneration and social security | 45 | €132,180 | €53,016 | -€79,164 | -59.9% |
| Taxes | 450/3 | €132,180 | €53,016 | -€79,164 | -59.9% |
| Accrued charges and deferred income | 492/3 | €731 | - | -€731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,456 | €5,797 | -€15,659 | -73.0% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €425,571 | €229,238 | -€196,333 | -46.1% |
| Operating profit (loss) | 9901 | €403,616 | €222,928 | -€180,688 | -44.8% |
| Financial income | 75/76B | €3,190 | €4,390 | +€1,200 | +37.6% |
| Recurring financial income | 75 | €3,190 | €4,390 | +€1,200 | +37.6% |
| Financial charges | 65/66B | €6,213 | €6,906 | +€692 | +11.1% |
| Recurring financial charges | 65 | €6,213 | €6,906 | +€692 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €400,592 | €220,412 | -€180,180 | -45.0% |
| Income taxes | 67/77 | €94,219 | €50,803 | -€43,415 | -46.1% |
| Profit (loss) for the period | 9904 | €306,373 | €169,609 | -€136,764 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €306,373 | €169,609 | -€136,764 | -44.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.