HANOTIM: 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.
HANOTIM
Largest movements
- Receivables within one year -€11,375
no longer reported in 2025 (was €11,375)
- Tangible fixed assets -€10,628
down €10,628 (-8.8%), from €120,908 to €110,280
- Cash +€7,094
up €7,094 (+354700.0%), from €2 to €7,096
mainly Other debts (+€50,469) and Receivables within one year (+€11,375)
- Other debts +€50,469
up €50,469 (+87.5%), from €57,684 to €108,153
- Trade debts -€43,642
down €43,642 (-90.5%), from €48,218 to €4,576
- Profit (loss) carried forward -€21,391
down €21,391 (-82.1%), from -€26,043 to -€47,434
- Depreciation +€6,529
up €6,529 (+159.3%), from €4,099 to €10,628
- Gross operating margin -€1,782
down €1,782 (-45.1%), from -€3,951 to -€5,733
- Financial charges +€1,236
up €1,236 (+498.4%), from €248 to €1,484
of which Non-recurring financial charges: +€1,039
- Taxes +€800
new in 2025: €800
- Other operating charges +€676
up €676 (+30.6%), from €2,208 to €2,884
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 | €132,285 | €117,784 | -€14,501 | -11.0% |
| Fixed assets | 21/28 | €120,908 | €110,280 | -€10,628 | -8.8% |
| Tangible fixed assets | 22/27 | €120,908 | €110,280 | -€10,628 | -8.8% |
| Land and buildings | 22 | €120,908 | €110,280 | -€10,628 | -8.8% |
| Current assets | 29/58 | €11,377 | €7,504 | -€3,873 | -34.0% |
| Amounts receivable within one year | 40/41 | €11,375 | - | -€11,375 | |
| Other amounts receivable | 41 | €11,375 | - | -€11,375 | |
| Cash at bank and in hand | 54/58 | €2 | €7,096 | +€7,094 | +354700.0% |
| Deferred charges and accrued income | 490/1 | - | €408 | +€408 | |
| Total equity and liabilities | 10/49 | €132,285 | €117,784 | -€14,501 | -11.0% |
| Equity | 10/15 | -€7,443 | -€28,834 | -€21,391 | -287.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,043 | -€47,434 | -€21,391 | -82.1% |
| Amounts payable | 17/49 | €139,728 | €146,618 | +€6,890 | +4.9% |
| Amounts payable after more than one year | 17 | €33,000 | €33,000 | = | 0.0% |
| Other amounts payable | 178/9 | €33,000 | €33,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,902 | €112,729 | +€6,827 | +6.4% |
| Trade debts | 44 | €48,218 | €4,576 | -€43,642 | -90.5% |
| Suppliers | 440/4 | €48,218 | €4,576 | -€43,642 | -90.5% |
| Other amounts payable | 47/48 | €57,684 | €108,153 | +€50,469 | +87.5% |
| Accrued charges and deferred income | 492/3 | €826 | €889 | +€63 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,099 | €10,628 | +€6,529 | +159.3% |
| Other operating charges | 640/8 | €2,208 | €2,884 | +€676 | +30.6% |
| Gross operating margin | 9900 | -€3,951 | -€5,733 | -€1,782 | -45.1% |
| Operating profit (loss) | 9901 | -€10,258 | -€19,245 | -€8,987 | -87.6% |
| Financial income | 75/76B | - | €138 | +€138 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Non-recurring financial income | 76B | - | €131 | +€131 | |
| Financial charges | 65/66B | €248 | €1,484 | +€1,236 | +498.4% |
| Recurring financial charges | 65 | €248 | €197 | -€51 | -20.6% |
| Non-recurring financial charges | 66B | €248 | €1,287 | +€1,039 | +419.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,506 | -€20,591 | -€10,085 | -96.0% |
| Income taxes | 67/77 | - | €800 | +€800 | |
| Profit (loss) for the period | 9904 | -€10,506 | -€21,391 | -€10,885 | -103.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,506 | -€21,391 | -€10,885 | -103.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.