HINANT Frédéric: 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.
HINANT Frédéric
Largest movements
- Tangible fixed assets -€11,989
down €11,989 (-6.1%), from €196,112 to €184,123
of which Furniture and vehicles: -€11,320
- Cash -€9,207
down €9,207 (-10.3%), from €88,981 to €79,774
mainly Contributions, distributions and other (-€64,769) and Debts after one year (-€15,681)
- Receivables within one year -€4,404
down €4,404 (-30.0%), from €14,665 to €10,261
of which Other amounts receivable: -€3,813
- Deferred charges and accrued income +€3,218
new in 2025: €3,218
- Profit (loss) carried forward -€69,683
no longer reported in 2025 (was €69,683)
- Other debts +€53,835
up €53,835 (+2267.7%), from €2,374 to €56,209
- Debts after one year -€15,681
down €15,681 (-8.0%), from €195,634 to €179,953
- Tax, wage and social debts +€11,563
up €11,563 (+173.7%), from €6,655 to €18,218
of which Taxes: +€9,970
- Gross operating margin -€16,470
down €16,470 (-15.9%), from €103,432 to €86,962
- Depreciation -€4,140
down €4,140 (-14.8%), from €27,945 to €23,805
- Staff costs +€3,705
up €3,705 (+7.2%), from €51,193 to €54,898
- Taxes -€2,124
no longer reported in 2025 (was €2,124)
- Financial charges -€1,088
down €1,088 (-16.4%), from €6,617 to €5,529
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 | €300,050 | €277,376 | -€22,674 | -7.6% |
| Formation expenses | 20 | €64 | - | -€64 | |
| Fixed assets | 21/28 | €196,340 | €184,123 | -€12,217 | -6.2% |
| Intangible fixed assets | 21 | €228 | €0 | -€228 | -100.0% |
| Tangible fixed assets | 22/27 | €196,112 | €184,123 | -€11,989 | -6.1% |
| Land and buildings | 22 | €173,811 | €173,142 | -€669 | -0.4% |
| Furniture and vehicles | 24 | €22,301 | €10,981 | -€11,320 | -50.8% |
| Current assets | 29/58 | €103,646 | €93,253 | -€10,393 | -10.0% |
| Amounts receivable within one year | 40/41 | €14,665 | €10,261 | -€4,404 | -30.0% |
| Trade receivables | 40 | €641 | €50 | -€591 | -92.2% |
| Other amounts receivable | 41 | €14,024 | €10,211 | -€3,813 | -27.2% |
| Cash at bank and in hand | 54/58 | €88,981 | €79,774 | -€9,207 | -10.3% |
| Deferred charges and accrued income | 490/1 | - | €3,218 | +€3,218 | |
| Total equity and liabilities | 10/49 | €300,050 | €277,376 | -€22,674 | -7.6% |
| Equity | 10/15 | €72,183 | €2,500 | -€69,683 | -96.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,683 | - | -€69,683 | |
| Amounts payable | 17/49 | €227,867 | €274,876 | +€47,009 | +20.6% |
| Amounts payable after more than one year | 17 | €195,634 | €179,953 | -€15,681 | -8.0% |
| Financial debts | 170/4 | €195,634 | €179,953 | -€15,681 | -8.0% |
| Amounts payable within one year | 42/48 | €32,233 | €94,923 | +€62,690 | +194.5% |
| Current portion of amounts payable after more than one year | 42 | €17,840 | €15,681 | -€2,159 | -12.1% |
| Trade debts | 44 | €5,364 | €4,815 | -€549 | -10.2% |
| Suppliers | 440/4 | €5,364 | €4,815 | -€549 | -10.2% |
| Taxes, remuneration and social security | 45 | €6,655 | €18,218 | +€11,563 | +173.7% |
| Taxes | 450/3 | €317 | €10,287 | +€9,970 | +3145.1% |
| Remuneration and social security | 454/9 | €6,338 | €7,931 | +€1,593 | +25.1% |
| Other amounts payable | 47/48 | €2,374 | €56,209 | +€53,835 | +2267.7% |
| Remuneration, social security and pensions | 62 | €51,193 | €54,898 | +€3,705 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,945 | €23,805 | -€4,140 | -14.8% |
| Other operating charges | 640/8 | €7,370 | €7,644 | +€274 | +3.7% |
| Gross operating margin | 9900 | €103,432 | €86,962 | -€16,470 | -15.9% |
| Operating profit (loss) | 9901 | €16,924 | €615 | -€16,309 | -96.4% |
| Financial charges | 65/66B | €6,617 | €5,529 | -€1,088 | -16.4% |
| Recurring financial charges | 65 | €6,617 | €5,529 | -€1,088 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €10,307 | -€4,914 | -€15,221 | |
| Income taxes | 67/77 | €2,124 | - | -€2,124 | |
| Profit (loss) for the period | 9904 | €8,183 | -€4,914 | -€13,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,183 | -€4,914 | -€13,097 |
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 8 October 2026 via checked.be.