Hanocq: 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.
Hanocq
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+201,694%), from €124 to €250,124
- Receivables within one year -€197,424
down €197,424 (-42.8%), from €461,622 to €264,198
of which Trade receivables: -€199,882
- Tangible fixed assets +€32,988
up €32,988 (+14.4%), from €229,389 to €262,377
of which Plant, machinery and equipment: +€22,655
- Other debts +€157,000
new in 2025: €157,000
- Reserves -€127,858
down €127,858 (-10.6%), from €1.2m to €1.1m
of which Distributable reserves: -€127,858
- Tax, wage and social debts +€29,523
up €29,523 (+119%), from €24,789 to €54,312
of which Taxes: +€29,349
- Trade debts +€18,605
up €18,605 (+635%), from €2,928 to €21,533
- Other operating charges +€178,671
up €178,671 (+4,968%), from €3,596 to €182,268
- Gross operating margin +€132,363
up €132,363 (+36.6%), from €361,525 to €493,888
- Taxes +€25,054
up €25,054 (+59.7%), from €41,947 to €67,001
- Financial income +€7,978
up €7,978 (+110%), from €7,229 to €15,207
- Depreciation +€7,409
up €7,409 (+32.2%), from €22,999 to €30,407
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 | €1,324,883 | €1,403,305 | +€78,423 | +5.9% |
| Formation expenses | 20 | €6,739 | - | -€6,739 | |
| Fixed assets | 21/28 | €229,513 | €512,501 | +€282,988 | +123% |
| Tangible fixed assets | 22/27 | €229,389 | €262,377 | +€32,988 | +14.4% |
| Land and buildings | 22 | €96,755 | €105,515 | +€8,761 | +9.1% |
| Plant, machinery and equipment | 23 | €116,498 | €139,153 | +€22,655 | +19.4% |
| Furniture and vehicles | 24 | €16,137 | €17,709 | +€1,572 | +9.7% |
| Financial fixed assets | 28 | €124 | €250,124 | +€250,000 | +201,694% |
| Current assets | 29/58 | €1,088,630 | €890,805 | -€197,825 | -18.2% |
| Stocks and contracts in progress | 3 | €100,386 | €112,176 | +€11,790 | +11.7% |
| Stocks | 30/36 | €100,386 | €112,176 | +€11,790 | +11.7% |
| Amounts receivable within one year | 40/41 | €461,622 | €264,198 | -€197,424 | -42.8% |
| Trade receivables | 40 | €384,991 | €185,110 | -€199,882 | -51.9% |
| Other amounts receivable | 41 | €76,631 | €79,088 | +€2,457 | +3.2% |
| Cash at bank and in hand | 54/58 | €507,383 | €505,788 | -€1,595 | -0.3% |
| Deferred charges and accrued income | 490/1 | €19,239 | €8,643 | -€10,596 | -55.1% |
| Total equity and liabilities | 10/49 | €1,324,883 | €1,403,305 | +€78,423 | +5.9% |
| Equity | 10/15 | €1,222,408 | €1,094,550 | -€127,858 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,203,808 | €1,075,950 | -€127,858 | -10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,201,948 | €1,074,090 | -€127,858 | -10.6% |
| Amounts payable | 17/49 | €102,474 | €308,755 | +€206,281 | +201% |
| Amounts payable after more than one year | 17 | €65,578 | €54,973 | -€10,605 | -16.2% |
| Financial debts | 170/4 | €65,578 | €54,973 | -€10,605 | -16.2% |
| Amounts payable within one year | 42/48 | €36,896 | €253,561 | +€216,665 | +587% |
| Current portion of amounts payable after more than one year | 42 | €9,179 | €20,716 | +€11,537 | +126% |
| Trade debts | 44 | €2,928 | €21,533 | +€18,605 | +635% |
| Suppliers | 440/4 | €2,928 | €21,533 | +€18,605 | +635% |
| Taxes, remuneration and social security | 45 | €24,789 | €54,312 | +€29,523 | +119% |
| Taxes | 450/3 | €10,977 | €40,327 | +€29,349 | +267% |
| Remuneration and social security | 454/9 | €13,812 | €13,985 | +€173 | +1.3% |
| Other amounts payable | 47/48 | - | €157,000 | +€157,000 | |
| Accrued charges and deferred income | 492/3 | - | €221 | +€221 | |
| Remuneration, social security and pensions | 62 | €202,053 | €196,184 | -€5,869 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,999 | €30,407 | +€7,409 | +32.2% |
| Other operating charges | 640/8 | €3,596 | €182,268 | +€178,671 | +4,968% |
| Gross operating margin | 9900 | €361,525 | €493,888 | +€132,363 | +36.6% |
| Operating profit (loss) | 9901 | €132,877 | €85,030 | -€47,848 | -36.0% |
| Financial income | 75/76B | €7,229 | €15,207 | +€7,978 | +110% |
| Recurring financial income | 75 | €7,229 | €15,207 | +€7,978 | +110% |
| Financial charges | 65/66B | €3,079 | €4,094 | +€1,015 | +33.0% |
| Recurring financial charges | 65 | €3,079 | €4,094 | +€1,015 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €137,028 | €96,143 | -€40,885 | -29.8% |
| Income taxes | 67/77 | €41,947 | €67,001 | +€25,054 | +59.7% |
| Profit (loss) for the period | 9904 | €95,081 | €29,142 | -€65,939 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,081 | €29,142 | -€65,939 | -69.4% |
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 28 October 2026 via checked.be.