HNTR: 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.
HNTR
Largest movements
- Cash +€9,763
up €9,763 (+188%), from €5,193 to €14,956
mainly Other debts (+€25,000) and Debts after one year (+€10,000)
- Tangible fixed assets +€7,284
up €7,284 (+1.6%), from €447,652 to €454,935
of which Assets under construction and advance payments: +€8,195
- Other debts +€25,000
up €25,000 (+25.3%), from €98,765 to €123,765
- Profit (loss) carried forward -€16,830
down €16,830 (-8.5%), from -€198,510 to -€215,340
- Debts after one year +€10,000
up €10,000 (+5.7%), from €175,000 to €185,000
- Gross operating margin +€58,180
up €58,180 (+79.9%), from -€72,812 to -€14,633
- Financial charges -€1,538
down €1,538 (-87.6%), from €1,756 to €218
- Other operating charges +€733
up €733 (+208%), from €352 to €1,085
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 | €456,642 | €471,446 | +€14,804 | +3.2% |
| Fixed assets | 21/28 | €447,652 | €454,935 | +€7,284 | +1.6% |
| Tangible fixed assets | 22/27 | €447,652 | €454,935 | +€7,284 | +1.6% |
| Plant, machinery and equipment | 23 | €2,356 | €1,720 | -€636 | -27.0% |
| Furniture and vehicles | 24 | €275 | - | -€275 | |
| Assets under construction and advance payments | 27 | €445,021 | €453,216 | +€8,195 | +1.8% |
| Current assets | 29/58 | €8,991 | €16,511 | +€7,520 | +83.6% |
| Amounts receivable within one year | 40/41 | €3,343 | €1,555 | -€1,788 | -53.5% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €3,343 | €1,555 | -€1,788 | -53.5% |
| Cash at bank and in hand | 54/58 | €5,193 | €14,956 | +€9,763 | +188% |
| Deferred charges and accrued income | 490/1 | €454 | - | -€454 | |
| Total equity and liabilities | 10/49 | €456,642 | €471,446 | +€14,804 | +3.2% |
| Equity | 10/15 | €172,490 | €155,660 | -€16,830 | -9.8% |
| Contributions | 10/11 | €371,000 | €371,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,510 | -€215,340 | -€16,830 | -8.5% |
| Amounts payable | 17/49 | €284,152 | €315,787 | +€31,634 | +11.1% |
| Amounts payable after more than one year | 17 | €175,000 | €185,000 | +€10,000 | +5.7% |
| Financial debts | 170/4 | €175,000 | €185,000 | +€10,000 | +5.7% |
| Amounts payable within one year | 42/48 | €109,152 | €130,787 | +€21,634 | +19.8% |
| Trade debts | 44 | €10,053 | €6,687 | -€3,366 | -33.5% |
| Suppliers | 440/4 | €10,053 | €6,687 | -€3,366 | -33.5% |
| Taxes, remuneration and social security | 45 | €335 | €335 | = | 0.0% |
| Taxes | 450/3 | €335 | €335 | = | 0.0% |
| Other amounts payable | 47/48 | €98,765 | €123,765 | +€25,000 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,344 | €911 | -€433 | -32.2% |
| Other operating charges | 640/8 | €352 | €1,085 | +€733 | +208% |
| Gross operating margin | 9900 | -€72,812 | -€14,633 | +€58,180 | +79.9% |
| Operating profit (loss) | 9901 | -€74,508 | -€16,629 | +€57,879 | +77.7% |
| Financial income | 75/76B | €31 | €16 | -€15 | -48.6% |
| Recurring financial income | 75 | €31 | €16 | -€15 | -48.6% |
| Financial charges | 65/66B | €1,756 | €218 | -€1,538 | -87.6% |
| Recurring financial charges | 65 | €1,756 | €218 | -€1,538 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,233 | -€16,830 | +€59,402 | +77.9% |
| Income taxes | 67/77 | €252 | - | -€252 | |
| Profit (loss) for the period | 9904 | -€76,484 | -€16,830 | +€59,654 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,484 | -€16,830 | +€59,654 | +78.0% |
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.