HANVA: 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.
HANVA
Largest movements
- Cash +€331,210
up €331,210 (+208.5%), from €158,887 to €490,097
mainly Current investments (+€300,000) and Net result for the year (+€131,934)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Tangible fixed assets -€40,742
down €40,742 (-5.5%), from €738,983 to €698,241
of which Land and buildings: -€40,435
- Other debts -€78,695
down €78,695 (-94.9%), from €82,953 to €4,258
- Reserves +€64,288
up €64,288 (+7.3%), from €882,711 to €946,999
of which Distributable reserves: +€64,288
- Gross operating margin +€47,811
up €47,811 (+20.7%), from €231,159 to €278,971
- Taxes +€14,435
up €14,435 (+29.7%), from €48,538 to €62,973
- Other operating charges +€3,762
up €3,762 (+10.5%), from €35,779 to €39,542
- Financial income +€3,229
up €3,229 (+80.2%), from €4,026 to €7,256
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 | €1,205,534 | €1,194,532 | -€11,002 | -0.9% |
| Fixed assets | 21/28 | €738,983 | €698,241 | -€40,742 | -5.5% |
| Tangible fixed assets | 22/27 | €738,983 | €698,241 | -€40,742 | -5.5% |
| Land and buildings | 22 | €737,500 | €697,065 | -€40,435 | -5.5% |
| Furniture and vehicles | 24 | €1,483 | €1,176 | -€307 | -20.7% |
| Current assets | 29/58 | €466,551 | €496,291 | +€29,740 | +6.4% |
| Amounts receivable within one year | 40/41 | €58 | €470 | +€412 | +710.6% |
| Other amounts receivable | 41 | €58 | €470 | +€412 | +710.6% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €158,887 | €490,097 | +€331,210 | +208.5% |
| Deferred charges and accrued income | 490/1 | €7,606 | €5,724 | -€1,882 | -24.7% |
| Total equity and liabilities | 10/49 | €1,205,534 | €1,194,532 | -€11,002 | -0.9% |
| Equity | 10/15 | €944,711 | €1,008,999 | +€64,288 | +6.8% |
| 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% |
| Reserves | 13 | €882,711 | €946,999 | +€64,288 | +7.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €876,511 | €940,799 | +€64,288 | +7.3% |
| Provisions and deferred taxes | 16 | €67,509 | €67,509 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €67,509 | €67,509 | = | 0.0% |
| Major repairs and maintenance | 162 | €67,509 | €67,509 | = | 0.0% |
| Amounts payable | 17/49 | €193,314 | €118,024 | -€75,290 | -38.9% |
| Amounts payable after more than one year | 17 | €63,985 | €62,235 | -€1,750 | -2.7% |
| Other amounts payable | 178/9 | €63,985 | €62,235 | -€1,750 | -2.7% |
| Amounts payable within one year | 42/48 | €122,844 | €49,779 | -€73,065 | -59.5% |
| Trade debts | 44 | €5,287 | €2,555 | -€2,732 | -51.7% |
| Suppliers | 440/4 | €5,287 | €2,555 | -€2,732 | -51.7% |
| Taxes, remuneration and social security | 45 | €34,604 | €42,966 | +€8,362 | +24.2% |
| Taxes | 450/3 | €34,604 | €42,966 | +€8,362 | +24.2% |
| Other amounts payable | 47/48 | €82,953 | €4,258 | -€78,695 | -94.9% |
| Accrued charges and deferred income | 492/3 | €6,485 | €6,010 | -€475 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,284 | €51,512 | +€1,228 | +2.4% |
| Other operating charges | 640/8 | €35,779 | €39,542 | +€3,762 | +10.5% |
| Gross operating margin | 9900 | €231,159 | €278,971 | +€47,811 | +20.7% |
| Operating profit (loss) | 9901 | €145,096 | €187,917 | +€42,821 | +29.5% |
| Financial income | 75/76B | €4,026 | €7,256 | +€3,229 | +80.2% |
| Recurring financial income | 75 | €4,026 | €7,256 | +€3,229 | +80.2% |
| Financial charges | 65/66B | €271 | €266 | -€5 | -2.0% |
| Recurring financial charges | 65 | €271 | €266 | -€5 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €148,852 | €194,907 | +€46,056 | +30.9% |
| Income taxes | 67/77 | €48,538 | €62,973 | +€14,435 | +29.7% |
| Profit (loss) for the period | 9904 | €100,314 | €131,934 | +€31,621 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,314 | €131,934 | +€31,621 | +31.5% |
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 29 September 2026 via checked.be.