HANSELAER MODEAGENTUUR: 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.
HANSELAER MODEAGENTUUR
Largest movements
- Stocks and contracts +€35,909
up €35,909 (+882%), from €4,073 to €39,982
- Receivables within one year -€33,856
down €33,856 (-82.3%), from €41,144 to €7,288
of which Trade receivables: -€29,144
- Tangible fixed assets +€20,944
up €20,944 (+1,888%), from €1,109 to €22,053
- Deferred charges and accrued income -€8,069
down €8,069 (-57.8%), from €13,950 to €5,881
- Financial fixed assets +€1,900
up €1,900 (+884%), from €215 to €2,115
- Other debts +€25,368
new in 2025: €25,368
- Accrued charges and deferred income -€21,535
down €21,535 (-96.7%), from €22,263 to €728
- Profit (loss) carried forward +€15,835
up €15,835 (+18.5%), from -€85,782 to -€69,947
- Tax, wage and social debts +€15,257
up €15,257 (+74.5%), from €20,472 to €35,729
of which Remuneration and social security: +€14,252
- Short-term financial debts -€10,602
down €10,602 (-33.7%), from €31,430 to €20,828
- Staff costs -€48,072
down €48,072 (-76.9%), from €62,488 to €14,417
- Other operating charges +€10,585
up €10,585 (+1,272%), from €832 to €11,417
- Gross operating margin -€10,083
down €10,083 (-17.8%), from €56,510 to €46,427
- Depreciation +€1,291
up €1,291 (+121%), from €1,064 to €2,355
- Financial income +€596
up €596, from €0 to €596
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,500 | €77,709 | +€17,209 | +28.4% |
| Fixed assets | 21/28 | €1,324 | €24,168 | +€22,844 | +1,725% |
| Tangible fixed assets | 22/27 | €1,109 | €22,053 | +€20,944 | +1,888% |
| Other tangible fixed assets | 26 | €1,109 | €22,053 | +€20,944 | +1,888% |
| Financial fixed assets | 28 | €215 | €2,115 | +€1,900 | +884% |
| Current assets | 29/58 | €59,176 | €53,542 | -€5,635 | -9.5% |
| Stocks and contracts in progress | 3 | €4,073 | €39,982 | +€35,909 | +882% |
| Stocks | 30/36 | €4,073 | €39,982 | +€35,909 | +882% |
| Amounts receivable within one year | 40/41 | €41,144 | €7,288 | -€33,856 | -82.3% |
| Trade receivables | 40 | €36,432 | €7,288 | -€29,144 | -80.0% |
| Other amounts receivable | 41 | €4,712 | €0 | -€4,712 | -100% |
| Cash at bank and in hand | 54/58 | €10 | €392 | +€382 | +3,925% |
| Deferred charges and accrued income | 490/1 | €13,950 | €5,881 | -€8,069 | -57.8% |
| Total equity and liabilities | 10/49 | €60,500 | €77,709 | +€17,209 | +28.4% |
| Equity | 10/15 | -€23,782 | -€7,947 | +€15,835 | +66.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,782 | -€69,947 | +€15,835 | +18.5% |
| Amounts payable | 17/49 | €84,282 | €85,657 | +€1,374 | +1.6% |
| Amounts payable within one year | 42/48 | €62,019 | €84,929 | +€22,909 | +36.9% |
| Financial debts | 43 | €31,430 | €20,828 | -€10,602 | -33.7% |
| Credit institutions | 430/8 | €31,430 | €20,828 | -€10,602 | -33.7% |
| Trade debts | 44 | €10,117 | €3,004 | -€7,113 | -70.3% |
| Suppliers | 440/4 | €10,117 | €3,004 | -€7,113 | -70.3% |
| Taxes, remuneration and social security | 45 | €20,472 | €35,729 | +€15,257 | +74.5% |
| Taxes | 450/3 | €949 | €1,954 | +€1,005 | +106% |
| Remuneration and social security | 454/9 | €19,523 | €33,775 | +€14,252 | +73.0% |
| Other amounts payable | 47/48 | - | €25,368 | +€25,368 | |
| Accrued charges and deferred income | 492/3 | €22,263 | €728 | -€21,535 | -96.7% |
| Remuneration, social security and pensions | 62 | €62,488 | €14,417 | -€48,072 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €2,355 | +€1,291 | +121% |
| Other operating charges | 640/8 | €832 | €11,417 | +€10,585 | +1,272% |
| Non-recurring operating charges | 66A | - | €555 | +€555 | |
| Gross operating margin | 9900 | €56,510 | €46,427 | -€10,083 | -17.8% |
| Operating profit (loss) | 9901 | -€7,874 | €17,683 | +€25,557 | |
| Financial income | 75/76B | €0 | €596 | +€596 | |
| Recurring financial income | 75 | €0 | €596 | +€596 | |
| Financial charges | 65/66B | €3,420 | €3,629 | +€209 | +6.1% |
| Recurring financial charges | 65 | €3,420 | €3,629 | +€209 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,294 | €14,650 | +€25,944 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,294 | €14,650 | +€25,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,294 | €14,650 | +€25,944 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.