Hanzu: 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.
Hanzu
Largest movements
- Cash -€8,575
down €8,575 (-60.9%), from €14,085 to €5,510
mainly Contributions, distributions and other (-€33,000) and Investment in fixed assets (net) (-€12,878)
- Receivables within one year -€5,982
down €5,982 (-18.0%), from €33,224 to €27,243
of which Other amounts receivable: -€20,337
- Tangible fixed assets -€3,796
down €3,796 (-9.8%), from €38,856 to €35,061
of which Furniture and vehicles: -€7,087
- Deferred charges and accrued income +€1,683
up €1,683 (+50.5%), from €3,331 to €5,014
- Profit (loss) carried forward -€13,796
down €13,796 (-23.9%), from €57,669 to €43,873
- Debts after one year -€9,235
down €9,235 (-49.0%), from €18,852 to €9,616
- Tax, wage and social debts +€4,200
up €4,200 (+343.7%), from €1,222 to €5,422
- Other debts +€1,634
new in 2025: €1,634
- Gross operating margin -€5,089
down €5,089 (-10.5%), from €48,520 to €43,431
- Depreciation +€2,792
up €2,792 (+20.1%), from €13,881 to €16,673
- Taxes -€1,698
down €1,698 (-21.3%), from €7,972 to €6,274
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 | €89,497 | €72,827 | -€16,669 | -18.6% |
| Fixed assets | 21/28 | €38,856 | €35,061 | -€3,796 | -9.8% |
| Tangible fixed assets | 22/27 | €38,856 | €35,061 | -€3,796 | -9.8% |
| Furniture and vehicles | 24 | €38,856 | €31,769 | -€7,087 | -18.2% |
| Other tangible fixed assets | 26 | - | €3,291 | +€3,291 | |
| Current assets | 29/58 | €50,640 | €37,767 | -€12,874 | -25.4% |
| Amounts receivable within one year | 40/41 | €33,224 | €27,243 | -€5,982 | -18.0% |
| Trade receivables | 40 | €12,376 | €26,731 | +€14,355 | +116.0% |
| Other amounts receivable | 41 | €20,848 | €511 | -€20,337 | -97.5% |
| Cash at bank and in hand | 54/58 | €14,085 | €5,510 | -€8,575 | -60.9% |
| Deferred charges and accrued income | 490/1 | €3,331 | €5,014 | +€1,683 | +50.5% |
| Total equity and liabilities | 10/49 | €89,497 | €72,827 | -€16,669 | -18.6% |
| Equity | 10/15 | €58,669 | €44,873 | -€13,796 | -23.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,669 | €43,873 | -€13,796 | -23.9% |
| Amounts payable | 17/49 | €30,827 | €27,954 | -€2,873 | -9.3% |
| Amounts payable after more than one year | 17 | €18,852 | €9,616 | -€9,235 | -49.0% |
| Financial debts | 170/4 | €18,852 | €9,616 | -€9,235 | -49.0% |
| Amounts payable within one year | 42/48 | €11,976 | €18,338 | +€6,362 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €8,870 | €9,235 | +€366 | +4.1% |
| Trade debts | 44 | €1,884 | €2,046 | +€162 | +8.6% |
| Suppliers | 440/4 | €1,884 | €2,046 | +€162 | +8.6% |
| Taxes, remuneration and social security | 45 | €1,222 | €5,422 | +€4,200 | +343.7% |
| Taxes | 450/3 | €1,222 | €5,422 | +€4,200 | +343.7% |
| Other amounts payable | 47/48 | - | €1,634 | +€1,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,881 | €16,673 | +€2,792 | +20.1% |
| Gross operating margin | 9900 | €48,520 | €43,431 | -€5,089 | -10.5% |
| Operating profit (loss) | 9901 | €34,639 | €26,758 | -€7,881 | -22.8% |
| Financial income | 75/76B | €486 | €9 | -€477 | -98.1% |
| Recurring financial income | 75 | €486 | €9 | -€477 | -98.1% |
| Financial charges | 65/66B | €1,514 | €1,289 | -€225 | -14.9% |
| Recurring financial charges | 65 | €1,514 | €1,289 | -€225 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €33,611 | €25,478 | -€8,133 | -24.2% |
| Income taxes | 67/77 | €7,972 | €6,274 | -€1,698 | -21.3% |
| Profit (loss) for the period | 9904 | €25,638 | €19,204 | -€6,434 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,638 | €19,204 | -€6,434 | -25.1% |
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 5 October 2026 via checked.be.