HANZELEK: 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.
HANZELEK
Largest movements
- Receivables within one year -€42,079
down €42,079 (-85.1%), from €49,452 to €7,373
of which Trade receivables: -€39,043
- Cash +€16,654
up €16,654 (+171%), from €9,733 to €26,387
mainly Receivables within one year (+€42,079) and Other debts (+€23,823)
- Deferred charges and accrued income -€3,593
down €3,593 (-13.9%), from €25,830 to €22,237
- Tangible fixed assets +€2,016
up €2,016 (+5.3%), from €37,940 to €39,957
of which Furniture and vehicles: +€3,984
- Other debts +€23,823
up €23,823 (+119%), from €19,965 to €43,787
- Trade debts -€23,246
down €23,246 (-77.3%), from €30,065 to €6,818
- Reserves -€16,080
down €16,080 (-32.3%), from €49,806 to €33,726
of which Distributable reserves: -€16,080
- Debts after one year -€5,565
down €5,565 (-100%), from €5,565 to €0
- Current portion of long-term debt -€4,700
down €4,700 (-43.6%), from €10,792 to €6,091
- Gross operating margin -€7,849
down €7,849 (-31.4%), from €24,983 to €17,134
- Staff costs -€2,471
down €2,471, from €1,257 to -€1,214
- Financial income -€2,232
down €2,232 (-93.8%), from €2,379 to €147
- Write-downs -€2,207
down €2,207 (-100%), from €2,207 to €0
- Financial charges -€1,386
down €1,386 (-39.5%), from €3,511 to €2,125
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 | €125,166 | €98,905 | -€26,261 | -21.0% |
| Fixed assets | 21/28 | €37,940 | €39,957 | +€2,016 | +5.3% |
| Tangible fixed assets | 22/27 | €37,940 | €39,957 | +€2,016 | +5.3% |
| Plant, machinery and equipment | 23 | €1,626 | €1,031 | -€595 | -36.6% |
| Furniture and vehicles | 24 | €23,893 | €27,878 | +€3,984 | +16.7% |
| Other tangible fixed assets | 26 | €12,421 | €11,048 | -€1,373 | -11.1% |
| Current assets | 29/58 | €87,226 | €58,949 | -€28,277 | -32.4% |
| Stocks and contracts in progress | 3 | €2,212 | €2,952 | +€740 | +33.5% |
| Stocks | 30/36 | €2,212 | €2,952 | +€740 | +33.5% |
| Amounts receivable within one year | 40/41 | €49,452 | €7,373 | -€42,079 | -85.1% |
| Trade receivables | 40 | €40,971 | €1,928 | -€39,043 | -95.3% |
| Other amounts receivable | 41 | €8,480 | €5,445 | -€3,036 | -35.8% |
| Cash at bank and in hand | 54/58 | €9,733 | €26,387 | +€16,654 | +171% |
| Deferred charges and accrued income | 490/1 | €25,830 | €22,237 | -€3,593 | -13.9% |
| Total equity and liabilities | 10/49 | €125,166 | €98,905 | -€26,261 | -21.0% |
| Equity | 10/15 | €56,006 | €39,926 | -€16,080 | -28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,806 | €33,726 | -€16,080 | -32.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,806 | €33,726 | -€16,080 | -32.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,160 | €58,979 | -€10,181 | -14.7% |
| Amounts payable after more than one year | 17 | €5,565 | €0 | -€5,565 | -100% |
| Financial debts | 170/4 | €5,565 | €0 | -€5,565 | -100% |
| Amounts payable within one year | 42/48 | €61,764 | €57,062 | -€4,702 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €10,792 | €6,091 | -€4,700 | -43.6% |
| Trade debts | 44 | €30,065 | €6,818 | -€23,246 | -77.3% |
| Suppliers | 440/4 | €30,065 | €6,818 | -€23,246 | -77.3% |
| Taxes, remuneration and social security | 45 | €944 | €365 | -€578 | -61.3% |
| Taxes | 450/3 | €469 | €365 | -€103 | -22.1% |
| Remuneration and social security | 454/9 | €475 | €0 | -€475 | -100% |
| Other amounts payable | 47/48 | €19,965 | €43,787 | +€23,823 | +119% |
| Accrued charges and deferred income | 492/3 | €1,832 | €1,918 | +€86 | +4.7% |
| Remuneration, social security and pensions | 62 | €1,257 | -€1,214 | -€2,471 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,716 | €8,993 | -€724 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,207 | €0 | -€2,207 | -100% |
| Other operating charges | 640/8 | €1,347 | €1,411 | +€64 | +4.7% |
| Gross operating margin | 9900 | €24,983 | €17,134 | -€7,849 | -31.4% |
| Operating profit (loss) | 9901 | €10,456 | €7,944 | -€2,512 | -24.0% |
| Financial income | 75/76B | €2,379 | €147 | -€2,232 | -93.8% |
| Recurring financial income | 75 | €2,379 | €147 | -€2,232 | -93.8% |
| Financial charges | 65/66B | €3,511 | €2,125 | -€1,386 | -39.5% |
| Recurring financial charges | 65 | €3,511 | €2,125 | -€1,386 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €9,323 | €5,965 | -€3,358 | -36.0% |
| Income taxes | 67/77 | €3,387 | €3,219 | -€168 | -5.0% |
| Profit (loss) for the period | 9904 | €5,936 | €2,747 | -€3,190 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,936 | €2,747 | -€3,190 | -53.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.