HANtech: what changed
HANtech
Largest movements
- Receivables within one year +€157,540
up €157,540 (+270%), from €58,300 to €215,840
of which Trade receivables: +€159,269
- Cash +€12,268
up €12,268 (+3.2%), from €385,793 to €398,061
mainly Accrued charges and deferred income (+€108,241) and Other debts (+€31,280)
- Accrued charges and deferred income +€108,241
up €108,241 (+1,255%), from €8,627 to €116,868
- Other debts +€31,280
up €31,280 (+27.6%), from €113,315 to €144,595
- Trade debts +€27,991
up €27,991 (+139%), from €20,183 to €48,174
- Profit (loss) carried forward -€7,837
down €7,837 (-73.3%), from -€10,692 to -€18,529
- Gross operating margin +€8,206
up €8,206 (+311%), from €2,639 to €10,845
- Other operating charges +€3,205
up €3,205 (+190%), from €1,684 to €4,889
- Financial charges +€1,437
up €1,437 (+18.3%), from €7,861 to €9,298
- Write-downs +€641
up €641, from -€231 to €410
- Taxes -€209
no longer reported in 2025 (was €209)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,347 | €646,335 | +€163,988 | +34.0% |
| Fixed assets | 21/28 | €13,717 | €9,828 | -€3,889 | -28.4% |
| Tangible fixed assets | 22/27 | €13,717 | €9,828 | -€3,889 | -28.4% |
| Plant, machinery and equipment | 23 | €555 | €1,334 | +€779 | +140% |
| Furniture and vehicles | 24 | €13,162 | €8,494 | -€4,668 | -35.5% |
| Current assets | 29/58 | €468,630 | €636,507 | +€167,877 | +35.8% |
| Stocks and contracts in progress | 3 | €23,040 | €21,625 | -€1,415 | -6.1% |
| Stocks | 30/36 | €23,040 | €21,625 | -€1,415 | -6.1% |
| Amounts receivable within one year | 40/41 | €58,300 | €215,840 | +€157,540 | +270% |
| Trade receivables | 40 | €24,149 | €183,418 | +€159,269 | +660% |
| Other amounts receivable | 41 | €34,151 | €32,422 | -€1,729 | -5.1% |
| Cash at bank and in hand | 54/58 | €385,793 | €398,061 | +€12,268 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,497 | €981 | -€516 | -34.5% |
| Total equity and liabilities | 10/49 | €482,347 | €646,335 | +€163,988 | +34.0% |
| Equity | 10/15 | €337,663 | €329,826 | -€7,837 | -2.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €345,855 | €345,855 | = | 0.0% |
| Distributable reserves | 133 | €345,855 | €345,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,692 | -€18,529 | -€7,837 | -73.3% |
| Amounts payable | 17/49 | €144,684 | €316,509 | +€171,825 | +119% |
| Amounts payable within one year | 42/48 | €136,057 | €199,641 | +€63,584 | +46.7% |
| Trade debts | 44 | €20,183 | €48,174 | +€27,991 | +139% |
| Suppliers | 440/4 | €20,183 | €48,174 | +€27,991 | +139% |
| Advances received on contracts in progress | 46 | €1,595 | €1,595 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €964 | €5,277 | +€4,313 | +447% |
| Taxes | 450/3 | €964 | €5,277 | +€4,313 | +447% |
| Other amounts payable | 47/48 | €113,315 | €144,595 | +€31,280 | +27.6% |
| Accrued charges and deferred income | 492/3 | €8,627 | €116,868 | +€108,241 | +1,255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,981 | €4,096 | +€115 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€231 | €410 | +€641 | |
| Other operating charges | 640/8 | €1,684 | €4,889 | +€3,205 | +190% |
| Gross operating margin | 9900 | €2,639 | €10,845 | +€8,206 | +311% |
| Operating profit (loss) | 9901 | -€2,795 | €1,450 | +€4,245 | |
| Financial income | 75/76B | €173 | €11 | -€162 | -93.6% |
| Recurring financial income | 75 | €173 | €11 | -€162 | -93.6% |
| Financial charges | 65/66B | €7,861 | €9,298 | +€1,437 | +18.3% |
| Recurring financial charges | 65 | €7,861 | €9,298 | +€1,437 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,483 | -€7,837 | +€2,646 | +25.2% |
| Income taxes | 67/77 | €209 | - | -€209 | |
| Profit (loss) for the period | 9904 | -€10,692 | -€7,837 | +€2,855 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,692 | -€7,837 | +€2,855 | +26.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.