HANSEI: 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.
HANSEI
Largest movements
- Cash +€141,088
up €141,088 (+123.7%), from €114,049 to €255,137
mainly Current investments (+€125,519) and Net result for the year (+€75,755)
- Current investments -€125,519
down €125,519 (-36.6%), from €343,210 to €217,691
- Reserves +€25,261
up €25,261 (+5.7%), from €444,097 to €469,359
- Tax, wage and social debts -€10,924
down €10,924 (-38.4%), from €28,451 to €17,527
of which Taxes: -€8,755
- Gross operating margin -€5,758
down €5,758 (-5.2%), from €110,990 to €105,232
- Depreciation -€3,346
down €3,346 (-48.4%), from €6,910 to €3,564
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 | €480,810 | €497,470 | +€16,660 | +3.5% |
| Fixed assets | 21/28 | €5,975 | €7,092 | +€1,117 | +18.7% |
| Tangible fixed assets | 22/27 | €5,975 | €7,092 | +€1,117 | +18.7% |
| Plant, machinery and equipment | 23 | €1,606 | €1,194 | -€411 | -25.6% |
| Furniture and vehicles | 24 | €1,442 | - | -€1,442 | |
| Other tangible fixed assets | 26 | €2,927 | €5,898 | +€2,971 | +101.5% |
| Current assets | 29/58 | €474,835 | €490,378 | +€15,543 | +3.3% |
| Amounts receivable within one year | 40/41 | €17,576 | €17,550 | -€27 | -0.2% |
| Trade receivables | 40 | €17,576 | €16,864 | -€713 | -4.1% |
| Other amounts receivable | 41 | - | €686 | +€686 | |
| Current investments | 50/53 | €343,210 | €217,691 | -€125,519 | -36.6% |
| Cash at bank and in hand | 54/58 | €114,049 | €255,137 | +€141,088 | +123.7% |
| Total equity and liabilities | 10/49 | €480,810 | €497,470 | +€16,660 | +3.5% |
| Equity | 10/15 | €450,297 | €475,559 | +€25,261 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €444,097 | €469,359 | +€25,261 | +5.7% |
| Distributable reserves | 133 | €444,097 | €469,359 | +€25,261 | +5.7% |
| Amounts payable | 17/49 | €30,513 | €21,911 | -€8,602 | -28.2% |
| Amounts payable within one year | 42/48 | €30,513 | €21,911 | -€8,602 | -28.2% |
| Trade debts | 44 | €523 | €599 | +€75 | +14.4% |
| Suppliers | 440/4 | €523 | €599 | +€75 | +14.4% |
| Taxes, remuneration and social security | 45 | €28,451 | €17,527 | -€10,924 | -38.4% |
| Taxes | 450/3 | €26,281 | €17,527 | -€8,755 | -33.3% |
| Remuneration and social security | 454/9 | €2,170 | - | -€2,170 | |
| Other amounts payable | 47/48 | €1,539 | €3,786 | +€2,247 | +146.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,910 | €3,564 | -€3,346 | -48.4% |
| Other operating charges | 640/8 | €1,440 | €771 | -€670 | -46.5% |
| Gross operating margin | 9900 | €110,990 | €105,232 | -€5,758 | -5.2% |
| Operating profit (loss) | 9901 | €102,640 | €100,897 | -€1,742 | -1.7% |
| Financial income | 75/76B | €4,064 | €4,183 | +€119 | +2.9% |
| Recurring financial income | 75 | €4,064 | €4,183 | +€119 | +2.9% |
| Financial charges | 65/66B | €56 | €55 | -€0 | -0.3% |
| Recurring financial charges | 65 | €56 | €55 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €106,648 | €105,025 | -€1,623 | -1.5% |
| Income taxes | 67/77 | €30,204 | €29,270 | -€934 | -3.1% |
| Profit (loss) for the period | 9904 | €76,444 | €75,755 | -€689 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,444 | €75,755 | -€689 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.