HANVAN: 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.
HANVAN
Largest movements
- Tangible fixed assets -€23,008
down €23,008 (-26.0%), from €88,347 to €65,339
of which Land and buildings: -€14,461
- Receivables within one year -€2,922
down €2,922 (-33.4%), from €8,752 to €5,830
of which Trade receivables: -€2,965
- Cash +€1,617
up €1,617 (+4.1%), from €39,829 to €41,446
mainly Depreciation (+€23,008) and Other debts (+€4,496)
- Debts after one year -€30,000
no longer reported in 2025 (was €30,000)
- Other debts +€4,496
up €4,496 (+41.4%), from €10,866 to €15,362
- Reserves +€3,890
up €3,890 (+4.1%), from €94,885 to €98,775
of which Distributable reserves: +€3,890
- Tax, wage and social debts -€1,457
down €1,457 (-42.1%), from €3,457 to €2,000
- Gross operating margin -€8,178
down €8,178 (-18.3%), from €44,694 to €36,516
- Taxes -€776
down €776 (-58.3%), from €1,330 to €554
- Depreciation +€543
up €543 (+2.4%), from €22,466 to €23,008
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 | €140,337 | €116,331 | -€24,006 | -17.1% |
| Fixed assets | 21/28 | €88,347 | €65,339 | -€23,008 | -26.0% |
| Tangible fixed assets | 22/27 | €88,347 | €65,339 | -€23,008 | -26.0% |
| Land and buildings | 22 | €71,182 | €56,721 | -€14,461 | -20.3% |
| Furniture and vehicles | 24 | €17,165 | €8,617 | -€8,547 | -49.8% |
| Current assets | 29/58 | €51,990 | €50,992 | -€997 | -1.9% |
| Amounts receivable within one year | 40/41 | €8,752 | €5,830 | -€2,922 | -33.4% |
| Trade receivables | 40 | €8,752 | €5,787 | -€2,965 | -33.9% |
| Other amounts receivable | 41 | - | €43 | +€43 | |
| Cash at bank and in hand | 54/58 | €39,829 | €41,446 | +€1,617 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,409 | €3,716 | +€307 | +9.0% |
| Total equity and liabilities | 10/49 | €140,337 | €116,331 | -€24,006 | -17.1% |
| Equity | 10/15 | €93,563 | €97,456 | +€3,893 | +4.2% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €94,885 | €98,775 | +€3,890 | +4.1% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €78,885 | €82,775 | +€3,890 | +4.9% |
| Profit (loss) carried forward | 14 | -€161,322 | -€161,319 | +€3 | 0.0% |
| Amounts payable | 17/49 | €46,774 | €18,875 | -€27,899 | -59.6% |
| Amounts payable after more than one year | 17 | €30,000 | - | -€30,000 | |
| Other amounts payable | 178/9 | €30,000 | - | -€30,000 | |
| Amounts payable within one year | 42/48 | €16,774 | €18,875 | +€2,101 | +12.5% |
| Trade debts | 44 | €2,451 | €1,514 | -€938 | -38.3% |
| Suppliers | 440/4 | €2,451 | €1,514 | -€938 | -38.3% |
| Taxes, remuneration and social security | 45 | €3,457 | €2,000 | -€1,457 | -42.1% |
| Taxes | 450/3 | €3,457 | €2,000 | -€1,457 | -42.1% |
| Other amounts payable | 47/48 | €10,866 | €15,362 | +€4,496 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,466 | €23,008 | +€543 | +2.4% |
| Other operating charges | 640/8 | €8,298 | €8,631 | +€333 | +4.0% |
| Gross operating margin | 9900 | €44,694 | €36,516 | -€8,178 | -18.3% |
| Operating profit (loss) | 9901 | €13,930 | €4,876 | -€9,054 | -65.0% |
| Financial income | 75/76B | €117 | €323 | +€206 | +176.2% |
| Recurring financial income | 75 | €117 | €323 | +€206 | +176.2% |
| Financial charges | 65/66B | €1,008 | €752 | -€255 | -25.4% |
| Recurring financial charges | 65 | €1,008 | €752 | -€255 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €13,039 | €4,447 | -€8,592 | -65.9% |
| Income taxes | 67/77 | €1,330 | €554 | -€776 | -58.3% |
| Profit (loss) for the period | 9904 | €11,709 | €3,893 | -€7,816 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,709 | €3,893 | -€7,816 | -66.8% |
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 3 October 2026 via checked.be.