Robin Hannes: 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.
Robin Hannes
Largest movements
- Cash -€54,334
down €54,334 (-73.2%), from €74,214 to €19,880
mainly Contributions, distributions and other (-€81,685) and Debts after one year (-€11,726)
- Tangible fixed assets -€16,842
down €16,842 (-53.3%), from €31,595 to €14,753
of which Furniture and vehicles: -€15,863
- Reserves -€59,304
down €59,304 (-88.9%), from €66,685 to €7,381
- Debts after one year -€11,726
no longer reported in 2025 (was €11,726)
- Other debts +€6,954
up €6,954 (+61,000%), from €11 to €6,965
- Tax, wage and social debts -€4,578
down €4,578 (-30.7%), from €14,932 to €10,354
of which Taxes: -€4,578
- Current portion of long-term debt -€1,834
down €1,834 (-13.5%), from €13,560 to €11,726
- Gross operating margin +€7,703
up €7,703 (+18.2%), from €42,257 to €49,959
- Taxes +€2,285
up €2,285 (+40.6%), from €5,622 to €7,907
- Other operating charges +€1,157
up €1,157 (+169%), from €684 to €1,840
- Financial charges -€667
down €667 (-39.0%), from €1,710 to €1,043
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 | €112,916 | €42,430 | -€70,486 | -62.4% |
| Fixed assets | 21/28 | €31,595 | €14,753 | -€16,842 | -53.3% |
| Tangible fixed assets | 22/27 | €31,595 | €14,753 | -€16,842 | -53.3% |
| Plant, machinery and equipment | 23 | €2,068 | €1,089 | -€979 | -47.4% |
| Furniture and vehicles | 24 | €29,527 | €13,664 | -€15,863 | -53.7% |
| Current assets | 29/58 | €81,321 | €27,677 | -€53,644 | -66.0% |
| Amounts receivable within one year | 40/41 | €6,897 | €7,587 | +€690 | +10.0% |
| Trade receivables | 40 | €6,897 | €7,587 | +€690 | +10.0% |
| Cash at bank and in hand | 54/58 | €74,214 | €19,880 | -€54,334 | -73.2% |
| Deferred charges and accrued income | 490/1 | €210 | €210 | = | 0.0% |
| Total equity and liabilities | 10/49 | €112,916 | €42,430 | -€70,486 | -62.4% |
| Equity | 10/15 | €71,685 | €12,381 | -€59,304 | -82.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,685 | €7,381 | -€59,304 | -88.9% |
| Distributable reserves | 133 | €66,685 | €7,381 | -€59,304 | -88.9% |
| Amounts payable | 17/49 | €41,231 | €30,049 | -€11,182 | -27.1% |
| Amounts payable after more than one year | 17 | €11,726 | - | -€11,726 | |
| Financial debts | 170/4 | €11,726 | - | -€11,726 | |
| Amounts payable within one year | 42/48 | €29,506 | €30,049 | +€543 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €13,560 | €11,726 | -€1,834 | -13.5% |
| Trade debts | 44 | €1,003 | €1,004 | +€1 | +0.1% |
| Suppliers | 440/4 | €1,003 | €1,004 | +€1 | +0.1% |
| Taxes, remuneration and social security | 45 | €14,932 | €10,354 | -€4,578 | -30.7% |
| Taxes | 450/3 | €12,178 | €7,601 | -€4,578 | -37.6% |
| Remuneration and social security | 454/9 | €2,753 | €2,753 | = | 0.0% |
| Other amounts payable | 47/48 | €11 | €6,965 | +€6,954 | +61,000% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,720 | €16,842 | +€122 | +0.7% |
| Other operating charges | 640/8 | €684 | €1,840 | +€1,157 | +169% |
| Gross operating margin | 9900 | €42,257 | €49,959 | +€7,703 | +18.2% |
| Operating profit (loss) | 9901 | €24,853 | €31,277 | +€6,424 | +25.8% |
| Financial income | 75/76B | €73 | €54 | -€19 | -26.5% |
| Recurring financial income | 75 | €73 | €54 | -€19 | -26.5% |
| Financial charges | 65/66B | €1,710 | €1,043 | -€667 | -39.0% |
| Recurring financial charges | 65 | €1,710 | €1,043 | -€667 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €23,216 | €30,288 | +€7,072 | +30.5% |
| Income taxes | 67/77 | €5,622 | €7,907 | +€2,285 | +40.6% |
| Profit (loss) for the period | 9904 | €17,595 | €22,381 | +€4,787 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,595 | €22,381 | +€4,787 | +27.2% |
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 16 October 2026 via checked.be.