HANNIBAL SMITH: 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.
HANNIBAL SMITH
Largest movements
- Cash +€34,027
up €34,027 (+388%), from €8,772 to €42,799
mainly Net result for the year (+€20,323) and Depreciation (+€9,457)
- Tangible fixed assets -€9,115
down €9,115 (-29.0%), from €31,451 to €22,336
of which Leasing and similar rights: -€8,160
- Deferred charges and accrued income -€6,000
down €6,000 (-100%), from €6,000 to €0
- Receivables within one year +€1,162
up €1,162 (+6.5%), from €17,781 to €18,943
of which Trade receivables: +€3,904
- Reserves +€12,000
up €12,000 (+44.9%), from €26,724 to €38,724
- Debts after one year -€10,302
down €10,302 (-100%), from €10,302 to €0
- Profit (loss) carried forward +€8,323
up €8,323, from -€7,551 to €772
- Tax, wage and social debts +€5,668
up €5,668 (+256%), from €2,213 to €7,881
of which Taxes: +€3,878
- Other debts +€4,970
new in 2025: €4,970
- Gross operating margin +€34,118
up €34,118 (+757%), from €4,510 to €38,627
- Taxes +€6,500
up €6,500 (+4,897%), from €133 to €6,633
- Financial charges -€521
down €521 (-37.9%), from €1,376 to €855
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 | €64,004 | €84,078 | +€20,074 | +31.4% |
| Fixed assets | 21/28 | €31,451 | €22,336 | -€9,115 | -29.0% |
| Tangible fixed assets | 22/27 | €31,451 | €22,336 | -€9,115 | -29.0% |
| Plant, machinery and equipment | 23 | €2,510 | €1,881 | -€630 | -25.1% |
| Furniture and vehicles | 24 | €1,733 | €1,408 | -€325 | -18.8% |
| Leasing and similar rights | 25 | €27,207 | €19,047 | -€8,160 | -30.0% |
| Current assets | 29/58 | €32,554 | €61,742 | +€29,188 | +89.7% |
| Amounts receivable within one year | 40/41 | €17,781 | €18,943 | +€1,162 | +6.5% |
| Trade receivables | 40 | €14,946 | €18,850 | +€3,904 | +26.1% |
| Other amounts receivable | 41 | €2,835 | €93 | -€2,743 | -96.7% |
| Cash at bank and in hand | 54/58 | €8,772 | €42,799 | +€34,027 | +388% |
| Deferred charges and accrued income | 490/1 | €6,000 | €0 | -€6,000 | -100% |
| Total equity and liabilities | 10/49 | €64,004 | €84,078 | +€20,074 | +31.4% |
| Equity | 10/15 | €37,773 | €58,096 | +€20,323 | +53.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,724 | €38,724 | +€12,000 | +44.9% |
| Distributable reserves | 133 | €26,724 | €38,724 | +€12,000 | +44.9% |
| Profit (loss) carried forward | 14 | -€7,551 | €772 | +€8,323 | |
| Amounts payable | 17/49 | €26,231 | €25,982 | -€249 | -1.0% |
| Amounts payable after more than one year | 17 | €10,302 | €0 | -€10,302 | -100% |
| Financial debts | 170/4 | €10,302 | €0 | -€10,302 | -100% |
| Amounts payable within one year | 42/48 | €15,929 | €25,582 | +€9,653 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €11,866 | €10,302 | -€1,563 | -13.2% |
| Trade debts | 44 | €1,850 | €2,429 | +€579 | +31.3% |
| Suppliers | 440/4 | €1,850 | €2,429 | +€579 | +31.3% |
| Taxes, remuneration and social security | 45 | €2,213 | €7,881 | +€5,668 | +256% |
| Taxes | 450/3 | €2,213 | €6,091 | +€3,878 | +175% |
| Remuneration and social security | 454/9 | - | €1,790 | +€1,790 | |
| Other amounts payable | 47/48 | - | €4,970 | +€4,970 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,289 | €9,457 | +€168 | +1.8% |
| Other operating charges | 640/8 | €427 | €431 | +€4 | +1.0% |
| Non-recurring operating charges | 66A | €987 | €929 | -€58 | -5.9% |
| Gross operating margin | 9900 | €4,510 | €38,627 | +€34,118 | +757% |
| Operating profit (loss) | 9901 | -€6,194 | €27,810 | +€34,003 | |
| Financial income | 75/76B | €151 | €1 | -€150 | -99.3% |
| Recurring financial income | 75 | €151 | €1 | -€150 | -99.3% |
| Financial charges | 65/66B | €1,376 | €855 | -€521 | -37.9% |
| Recurring financial charges | 65 | €1,376 | €855 | -€521 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,419 | €26,956 | +€34,375 | |
| Income taxes | 67/77 | €133 | €6,633 | +€6,500 | +4,897% |
| Profit (loss) for the period | 9904 | -€7,551 | €20,323 | +€27,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,551 | €20,323 | +€27,874 |
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 18 October 2026 via checked.be.