Hansma: 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.
Hansma
Largest movements
- Current investments +€623,721
up €623,721 (+352%), from €177,000 to €800,721
- Financial fixed assets -€493,447
down €493,447 (-74.9%), from €658,447 to €165,000
- Tangible fixed assets +€463,390
up €463,390 (+33.3%), from €1.4m to €1.9m
of which Land and buildings: +€463,289
- Cash +€123,948
up €123,948 (+167%), from €74,439 to €198,387
mainly Net result for the year (+€527,869) and Debts after one year (+€249,885)
- Reserves +€461,493
up €461,493 (+35.5%), from €1.3m to €1.8m
of which Distributable reserves: +€461,493
- Debts after one year +€249,885
up €249,885 (+28.3%), from €882,785 to €1.1m
- Financial income +€50,506
up €50,506 (+9.8%), from €515,661 to €566,167
of which Non-recurring financial income: +€269,694
- Depreciation -€25,853
down €25,853 (-59.4%), from €43,504 to €17,651
- Staff costs -€22,642
down €22,642 (-96.9%), from €23,364 to €722
- Taxes +€20,207
up €20,207 (+132%), from €15,364 to €35,572
- Financial charges +€14,578
up €14,578 (+42.5%), from €34,265 to €48,843
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 | €2,307,840 | €3,022,646 | +€714,806 | +31.0% |
| Fixed assets | 21/28 | €2,050,405 | €2,020,347 | -€30,058 | -1.5% |
| Tangible fixed assets | 22/27 | €1,391,957 | €1,855,347 | +€463,390 | +33.3% |
| Land and buildings | 22 | €1,387,387 | €1,850,676 | +€463,289 | +33.4% |
| Plant, machinery and equipment | 23 | €1,670 | €1,771 | +€101 | +6.0% |
| Assets under construction and advance payments | 27 | €2,900 | €2,900 | = | 0.0% |
| Financial fixed assets | 28 | €658,447 | €165,000 | -€493,447 | -74.9% |
| Current assets | 29/58 | €257,435 | €1,002,299 | +€744,864 | +289% |
| Amounts receivable within one year | 40/41 | €5,996 | €59 | -€5,937 | -99.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,996 | €59 | -€5,937 | -99.0% |
| Current investments | 50/53 | €177,000 | €800,721 | +€623,721 | +352% |
| Cash at bank and in hand | 54/58 | €74,439 | €198,387 | +€123,948 | +167% |
| Deferred charges and accrued income | 490/1 | €0 | €3,132 | +€3,132 | |
| Total equity and liabilities | 10/49 | €2,307,840 | €3,022,646 | +€714,806 | +31.0% |
| Equity | 10/15 | €1,313,084 | €1,774,576 | +€461,493 | +35.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,300,684 | €1,762,176 | +€461,493 | +35.5% |
| 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 | €1,298,824 | €1,760,316 | +€461,493 | +35.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €994,756 | €1,248,070 | +€253,314 | +25.5% |
| Amounts payable after more than one year | 17 | €882,785 | €1,132,669 | +€249,885 | +28.3% |
| Financial debts | 170/4 | €882,785 | €1,132,669 | +€249,885 | +28.3% |
| Amounts payable within one year | 42/48 | €111,972 | €114,724 | +€2,752 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €59,265 | €62,868 | +€3,603 | +6.1% |
| Trade debts | 44 | €7,562 | €4,123 | -€3,439 | -45.5% |
| Suppliers | 440/4 | €7,562 | €4,123 | -€3,439 | -45.5% |
| Taxes, remuneration and social security | 45 | €33,616 | €42,852 | +€9,235 | +27.5% |
| Taxes | 450/3 | €28,223 | €42,852 | +€14,628 | +51.8% |
| Remuneration and social security | 454/9 | €5,393 | €0 | -€5,393 | -100% |
| Other amounts payable | 47/48 | €11,529 | €4,882 | -€6,647 | -57.7% |
| Accrued charges and deferred income | 492/3 | €0 | €677 | +€677 | |
| Remuneration, social security and pensions | 62 | €23,364 | €722 | -€22,642 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,504 | €17,651 | -€25,853 | -59.4% |
| Other operating charges | 640/8 | €11,609 | €5,975 | -€5,633 | -48.5% |
| Gross operating margin | 9900 | €73,881 | €70,465 | -€3,416 | -4.6% |
| Operating profit (loss) | 9901 | -€4,596 | €46,116 | +€50,712 | |
| Financial income | 75/76B | €515,661 | €566,167 | +€50,506 | +9.8% |
| Recurring financial income | 75 | €515,661 | €296,473 | -€219,188 | -42.5% |
| Non-recurring financial income | 76B | - | €269,694 | +€269,694 | |
| Financial charges | 65/66B | €34,265 | €48,843 | +€14,578 | +42.5% |
| Recurring financial charges | 65 | €34,265 | €48,843 | +€14,578 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €476,801 | €563,440 | +€86,640 | +18.2% |
| Income taxes | 67/77 | €15,364 | €35,572 | +€20,207 | +132% |
| Profit (loss) for the period | 9904 | €461,436 | €527,869 | +€66,432 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €461,436 | €527,869 | +€66,432 | +14.4% |
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 15 October 2026 via checked.be.