Hanvanco: 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.
Hanvanco
Largest movements
- Cash -€27,847
down €27,847 (-97.5%), from €28,562 to €716
mainly Receivables within one year (-€16,159) and Investment in fixed assets (net) (-€12,887)
- Receivables within one year +€16,159
up €16,159 (+108.7%), from €14,871 to €31,030
of which Other amounts receivable: +€26,444
- Tangible fixed assets +€10,257
up €10,257 (+162.9%), from €6,296 to €16,554
of which Furniture and vehicles: +€6,681
- Tax, wage and social debts +€12,199
up €12,199 (+68.2%), from €17,874 to €30,073
- Other debts -€8,726
down €8,726 (-80.7%), from €10,811 to €2,085
- Reserves -€7,548
down €7,548 (-40.2%), from €18,784 to €11,236
- Trade debts +€2,146
up €2,146 (+824.8%), from €260 to €2,406
- Gross operating margin -€33,104
down €33,104, from €32,508 to -€596
- Taxes -€4,122
down €4,122 (-72.9%), from €5,654 to €1,532
- Other operating charges +€1,864
new in 2025: €1,864
- Depreciation +€983
up €983 (+59.7%), from €1,647 to €2,630
- Financial charges -€499
down €499 (-35.0%), from €1,425 to €926
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 | €50,229 | €48,299 | -€1,930 | -3.8% |
| Fixed assets | 21/28 | €6,296 | €16,554 | +€10,257 | +162.9% |
| Tangible fixed assets | 22/27 | €6,296 | €16,554 | +€10,257 | +162.9% |
| Plant, machinery and equipment | 23 | €4,176 | €5,218 | +€1,042 | +25.0% |
| Furniture and vehicles | 24 | €2,120 | €8,801 | +€6,681 | +315.1% |
| Other tangible fixed assets | 26 | - | €2,535 | +€2,535 | |
| Current assets | 29/58 | €43,933 | €31,745 | -€12,187 | -27.7% |
| Amounts receivable within one year | 40/41 | €14,871 | €31,030 | +€16,159 | +108.7% |
| Trade receivables | 40 | €11,911 | €1,626 | -€10,285 | -86.3% |
| Other amounts receivable | 41 | €2,960 | €29,404 | +€26,444 | +893.5% |
| Cash at bank and in hand | 54/58 | €28,562 | €716 | -€27,847 | -97.5% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €50,229 | €48,299 | -€1,930 | -3.8% |
| Equity | 10/15 | €21,284 | €13,736 | -€7,548 | -35.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,784 | €11,236 | -€7,548 | -40.2% |
| Distributable reserves | 133 | €18,784 | €11,236 | -€7,548 | -40.2% |
| Amounts payable | 17/49 | €28,945 | €34,563 | +€5,618 | +19.4% |
| Amounts payable within one year | 42/48 | €28,945 | €34,563 | +€5,618 | +19.4% |
| Trade debts | 44 | €260 | €2,406 | +€2,146 | +824.8% |
| Suppliers | 440/4 | €260 | €2,406 | +€2,146 | +824.8% |
| Taxes, remuneration and social security | 45 | €17,874 | €30,073 | +€12,199 | +68.2% |
| Taxes | 450/3 | €17,874 | €30,073 | +€12,199 | +68.2% |
| Other amounts payable | 47/48 | €10,811 | €2,085 | -€8,726 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,647 | €2,630 | +€983 | +59.7% |
| Other operating charges | 640/8 | - | €1,864 | +€1,864 | |
| Gross operating margin | 9900 | €32,508 | -€596 | -€33,104 | |
| Operating profit (loss) | 9901 | €30,861 | -€5,090 | -€35,951 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,425 | €926 | -€499 | -35.0% |
| Recurring financial charges | 65 | €1,425 | €926 | -€499 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €29,438 | -€6,016 | -€35,454 | |
| Income taxes | 67/77 | €5,654 | €1,532 | -€4,122 | -72.9% |
| Profit (loss) for the period | 9904 | €23,784 | -€7,548 | -€31,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,784 | -€7,548 | -€31,332 |
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 28 September 2026 via checked.be.