HANVANCO: 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.
HANVANCO
Largest movements
- Cash +€142,651
up €142,651 (+170%), from €83,907 to €226,558
mainly Net result for the year (+€115,832) and Depreciation (+€11,827)
- Tangible fixed assets -€11,231
down €11,231 (-22.6%), from €49,788 to €38,558
of which Furniture and vehicles: -€10,883
- Receivables within one year -€5,393
down €5,393 (-68.4%), from €7,891 to €2,497
of which Trade receivables: -€5,761
- Profit (loss) carried forward +€115,832
up €115,832 (+196%), from €59,067 to €174,899
- Tax, wage and social debts +€6,344
up €6,344 (+39.0%), from €16,251 to €22,595
- Gross operating margin +€83,707
up €83,707 (+99.2%), from €84,403 to €168,110
- Taxes +€19,445
up €19,445 (+122%), from €15,909 to €35,354
- Financial charges +€4,343
up €4,343 (+1,293%), from €336 to €4,678
- Depreciation +€3,146
up €3,146 (+36.2%), from €8,682 to €11,827
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 | €142,475 | €269,311 | +€126,836 | +89.0% |
| Formation expenses | 20 | €597 | €0 | -€597 | -100% |
| Fixed assets | 21/28 | €49,788 | €38,558 | -€11,231 | -22.6% |
| Tangible fixed assets | 22/27 | €49,788 | €38,558 | -€11,231 | -22.6% |
| Plant, machinery and equipment | 23 | €770 | €422 | -€348 | -45.2% |
| Furniture and vehicles | 24 | €49,019 | €38,136 | -€10,883 | -22.2% |
| Current assets | 29/58 | €92,090 | €230,753 | +€138,663 | +151% |
| Amounts receivable within one year | 40/41 | €7,891 | €2,497 | -€5,393 | -68.4% |
| Trade receivables | 40 | €7,891 | €2,129 | -€5,761 | -73.0% |
| Other amounts receivable | 41 | - | €368 | +€368 | |
| Cash at bank and in hand | 54/58 | €83,907 | €226,558 | +€142,651 | +170% |
| Deferred charges and accrued income | 490/1 | €292 | €1,698 | +€1,406 | +481% |
| Total equity and liabilities | 10/49 | €142,475 | €269,311 | +€126,836 | +89.0% |
| Equity | 10/15 | €62,067 | €177,899 | +€115,832 | +187% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,067 | €174,899 | +€115,832 | +196% |
| Amounts payable | 17/49 | €80,407 | €91,412 | +€11,004 | +13.7% |
| Amounts payable within one year | 42/48 | €80,407 | €91,412 | +€11,004 | +13.7% |
| Financial debts | 43 | €1,850 | €1,963 | +€113 | +6.1% |
| Credit institutions | 430/8 | €1,850 | €1,963 | +€113 | +6.1% |
| Trade debts | 44 | €312 | €1,585 | +€1,273 | +408% |
| Suppliers | 440/4 | €312 | €1,585 | +€1,273 | +408% |
| Advances received on contracts in progress | 46 | - | €2,100 | +€2,100 | |
| Taxes, remuneration and social security | 45 | €16,251 | €22,595 | +€6,344 | +39.0% |
| Taxes | 450/3 | €16,251 | €22,595 | +€6,344 | +39.0% |
| Other amounts payable | 47/48 | €61,994 | €63,168 | +€1,174 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,682 | €11,827 | +€3,146 | +36.2% |
| Other operating charges | 640/8 | €414 | €651 | +€237 | +57.2% |
| Gross operating margin | 9900 | €84,403 | €168,110 | +€83,707 | +99.2% |
| Operating profit (loss) | 9901 | €75,307 | €155,631 | +€80,325 | +107% |
| Financial income | 75/76B | €5 | €233 | +€228 | +4,302% |
| Recurring financial income | 75 | €5 | €233 | +€228 | +4,302% |
| Financial charges | 65/66B | €336 | €4,678 | +€4,343 | +1,293% |
| Recurring financial charges | 65 | €336 | €4,678 | +€4,343 | +1,293% |
| Profit (loss) for the period before taxes | 9903 | €74,976 | €151,186 | +€76,210 | +102% |
| Income taxes | 67/77 | €15,909 | €35,354 | +€19,445 | +122% |
| Profit (loss) for the period | 9904 | €59,067 | €115,832 | +€56,764 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,067 | €115,832 | +€56,764 | +96.1% |
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 26 October 2026 via checked.be.