HANNIBAL: 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.
HANNIBAL
Largest movements
- Current investments -€505,239
down €505,239 (-18.3%), from €2.8m to €2.3m
- Cash +€492,283
up €492,283 (+60.1%), from €818,677 to €1.3m
mainly Current investments (+€505,239) and Net result for the year (+€364,211)
- Receivables within one year +€364,100
up €364,100 (+505.7%), from €72,000 to €436,100
- Reserves +€364,200
up €364,200 (+21.8%), from €1.7m to €2.0m
- Financial income -€179,869
down €179,869 (-37.3%), from €482,101 to €302,232
of which Non-recurring financial income: -€301,262
- Gross operating margin +€19,930
up €19,930 (+14.4%), from €138,216 to €158,146
- Taxes -€10,237
down €10,237 (-11.2%), from €91,121 to €80,884
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.
Cash bridge derived
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 | €3,666,839 | €4,027,737 | +€360,898 | +9.8% |
| Fixed assets | 21/28 | €8,230 | €8,597 | +€367 | +4.5% |
| Tangible fixed assets | 22/27 | €8,230 | €8,597 | +€367 | +4.5% |
| Plant, machinery and equipment | 23 | €2,208 | €3,964 | +€1,756 | +79.5% |
| Furniture and vehicles | 24 | €6,022 | €4,633 | -€1,389 | -23.1% |
| Current assets | 29/58 | €3,658,609 | €4,019,140 | +€360,531 | +9.9% |
| Amounts receivable within one year | 40/41 | €72,000 | €436,100 | +€364,100 | +505.7% |
| Other amounts receivable | 41 | €72,000 | €436,100 | +€364,100 | +505.7% |
| Current investments | 50/53 | €2,766,108 | €2,260,869 | -€505,239 | -18.3% |
| Cash at bank and in hand | 54/58 | €818,677 | €1,310,960 | +€492,283 | +60.1% |
| Deferred charges and accrued income | 490/1 | €1,824 | €11,211 | +€9,387 | +514.6% |
| Total equity and liabilities | 10/49 | €3,666,839 | €4,027,737 | +€360,898 | +9.8% |
| Equity | 10/15 | €3,478,075 | €3,842,286 | +€364,211 | +10.5% |
| Contributions | 10/11 | €1,712,800 | €1,750,791 | +€37,991 | +2.2% |
| Capital | 10 | €1,712,800 | €1,750,791 | +€37,991 | +2.2% |
| Issued capital | 100 | €1,712,800 | €1,750,791 | +€37,991 | +2.2% |
| Reserves | 13 | €1,671,925 | €2,036,125 | +€364,200 | +21.8% |
| Distributable reserves | 133 | €1,671,925 | €2,036,125 | +€364,200 | +21.8% |
| Profit (loss) carried forward | 14 | €93,350 | €55,370 | -€37,980 | -40.7% |
| Amounts payable | 17/49 | €188,764 | €185,451 | -€3,313 | -1.8% |
| Amounts payable within one year | 42/48 | €188,764 | €185,451 | -€3,313 | -1.8% |
| Trade debts | 44 | €1,500 | €41,251 | +€39,751 | +2650.1% |
| Suppliers | 440/4 | €1,500 | €41,251 | +€39,751 | +2650.1% |
| Taxes, remuneration and social security | 45 | €41,559 | €3,160 | -€38,399 | -92.4% |
| Taxes | 450/3 | €41,559 | €3,160 | -€38,399 | -92.4% |
| Other amounts payable | 47/48 | €145,705 | €141,040 | -€4,665 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,940 | €2,614 | -€1,326 | -33.7% |
| Other operating charges | 640/8 | €1,607 | €1,658 | +€51 | +3.2% |
| Gross operating margin | 9900 | €138,216 | €158,146 | +€19,930 | +14.4% |
| Operating profit (loss) | 9901 | €132,669 | €153,874 | +€21,205 | +16.0% |
| Financial income | 75/76B | €482,101 | €302,232 | -€179,869 | -37.3% |
| Recurring financial income | 75 | €180,839 | €302,232 | +€121,393 | +67.1% |
| Non-recurring financial income | 76B | €301,262 | - | -€301,262 | |
| Financial charges | 65/66B | €11,592 | €11,011 | -€581 | -5.0% |
| Recurring financial charges | 65 | €11,592 | €11,011 | -€581 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €603,178 | €445,095 | -€158,083 | -26.2% |
| Income taxes | 67/77 | €91,121 | €80,884 | -€10,237 | -11.2% |
| Profit (loss) for the period | 9904 | €512,057 | €364,211 | -€147,846 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €512,057 | €364,211 | -€147,846 | -28.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.