HNNS: 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.
HNNS
Largest movements
- Cash -€122,333
down €122,333 (-64.9%), from €188,395 to €66,062
mainly Other debts (-€99,979) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€11,431
down €11,431 (-23.6%), from €48,530 to €37,099
of which Furniture and vehicles: -€14,403
- Other debts -€99,979
down €99,979 (-66.7%), from €150,000 to €50,021
- Profit (loss) carried forward -€23,313
down €23,313 (-38.7%), from €60,303 to €36,990
- Debts after one year -€15,706
down €15,706 (-56.7%), from €27,688 to €11,982
- Current portion of long-term debt +€15,706
new in 2025: €15,706
- Short-term financial debts -€15,403
no longer reported in 2025 (was €15,403)
- Gross operating margin -€19,764
down €19,764 (-27.5%), from €71,956 to €52,191
- Taxes -€3,792
down €3,792 (-35.1%), from €10,793 to €7,000
- Other operating charges -€796
down €796 (-56.6%), from €1,406 to €610
- Financial charges -€743
down €743 (-46.8%), from €1,588 to €845
of which Non-recurring financial charges: -€509
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 | €269,481 | €134,866 | -€134,615 | -50.0% |
| Fixed assets | 21/28 | €48,530 | €37,099 | -€11,431 | -23.6% |
| Tangible fixed assets | 22/27 | €48,530 | €37,099 | -€11,431 | -23.6% |
| Plant, machinery and equipment | 23 | €9,308 | €12,279 | +€2,971 | +31.9% |
| Furniture and vehicles | 24 | €39,222 | €24,820 | -€14,403 | -36.7% |
| Current assets | 29/58 | €220,951 | €97,767 | -€123,184 | -55.8% |
| Amounts receivable within one year | 40/41 | €30,885 | €30,131 | -€754 | -2.4% |
| Trade receivables | 40 | €25,820 | €26,334 | +€514 | +2.0% |
| Other amounts receivable | 41 | €5,066 | €3,797 | -€1,268 | -25.0% |
| Cash at bank and in hand | 54/58 | €188,395 | €66,062 | -€122,333 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,670 | €1,573 | -€97 | -5.8% |
| Total equity and liabilities | 10/49 | €269,481 | €134,866 | -€134,615 | -50.0% |
| Equity | 10/15 | €65,303 | €41,990 | -€23,313 | -35.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,303 | €36,990 | -€23,313 | -38.7% |
| Amounts payable | 17/49 | €204,178 | €92,876 | -€111,302 | -54.5% |
| Amounts payable after more than one year | 17 | €27,688 | €11,982 | -€15,706 | -56.7% |
| Financial debts | 170/4 | €27,688 | €11,982 | -€15,706 | -56.7% |
| Amounts payable within one year | 42/48 | €176,490 | €80,894 | -€95,596 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,706 | +€15,706 | |
| Financial debts | 43 | €15,403 | - | -€15,403 | |
| Credit institutions | 430/8 | €15,403 | - | -€15,403 | |
| Trade debts | 44 | €2,163 | €6,497 | +€4,334 | +200.4% |
| Suppliers | 440/4 | €2,163 | €6,497 | +€4,334 | +200.4% |
| Taxes, remuneration and social security | 45 | €8,924 | €8,669 | -€255 | -2.9% |
| Taxes | 450/3 | €8,924 | €8,669 | -€255 | -2.9% |
| Other amounts payable | 47/48 | €150,000 | €50,021 | -€99,979 | -66.7% |
| Non-recurring operating income | 76A | - | €338 | +€338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,395 | €17,050 | -€346 | -2.0% |
| Other operating charges | 640/8 | €1,406 | €610 | -€796 | -56.6% |
| Gross operating margin | 9900 | €71,956 | €52,191 | -€19,764 | -27.5% |
| Operating profit (loss) | 9901 | €53,155 | €34,532 | -€18,623 | -35.0% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100.0% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100.0% |
| Financial charges | 65/66B | €1,588 | €845 | -€743 | -46.8% |
| Recurring financial charges | 65 | €1,079 | €845 | -€235 | -21.7% |
| Non-recurring financial charges | 66B | €509 | - | -€509 | |
| Profit (loss) for the period before taxes | 9903 | €51,606 | €33,687 | -€17,918 | -34.7% |
| Income taxes | 67/77 | €10,793 | €7,000 | -€3,792 | -35.1% |
| Profit (loss) for the period | 9904 | €40,813 | €26,687 | -€14,126 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,813 | €26,687 | -€14,126 | -34.6% |
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 12 October 2026 via checked.be.