TERNIER HANS: what changed
TERNIER HANS
Largest movements
- Cash +€44,310
up €44,310 (+33.8%), from €131,174 to €175,484
mainly Net result for the year (+€125,361) and Depreciation (+€97,991)
- Receivables within one year +€14,301
up €14,301 (+17.9%), from €79,734 to €94,035
of which Trade receivables: +€39,481
- Stocks and contracts -€11,840
down €11,840 (-45.2%), from €26,220 to €14,380
- Tangible fixed assets -€10,893
down €10,893 (-1.7%), from €639,224 to €628,331
of which Furniture and vehicles: -€37,409
- Reserves +€81,671
up €81,671 (+23.9%), from €341,599 to €423,269
of which Distributable reserves: +€81,671
- Debts after one year -€78,438
down €78,438 (-30.0%), from €261,296 to €182,859
- Other debts +€18,297
up €18,297 (+31.7%), from €57,805 to €76,102
- Tax, wage and social debts +€10,873
up €10,873 (+42.0%), from €25,874 to €36,747
of which Taxes: +€7,683
- Gross operating margin +€99,060
up €99,060 (+38.3%), from €258,348 to €357,408
- Taxes +€30,099
up €30,099 (+121%), from €24,974 to €55,073
- Staff costs +€8,932
up €8,932 (+16.7%), from €53,564 to €62,496
- Depreciation +€4,627
up €4,627 (+5.0%), from €93,365 to €97,991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €885,353 | €921,230 | +€35,878 | +4.1% |
| Fixed assets | 21/28 | €648,224 | €637,331 | -€10,893 | -1.7% |
| Tangible fixed assets | 22/27 | €639,224 | €628,331 | -€10,893 | -1.7% |
| Land and buildings | 22 | €237,444 | €223,129 | -€14,315 | -6.0% |
| Plant, machinery and equipment | 23 | €293,655 | €334,486 | +€40,830 | +13.9% |
| Furniture and vehicles | 24 | €108,125 | €70,717 | -€37,409 | -34.6% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €237,128 | €283,899 | +€46,770 | +19.7% |
| Stocks and contracts in progress | 3 | €26,220 | €14,380 | -€11,840 | -45.2% |
| Stocks | 30/36 | €26,220 | €14,380 | -€11,840 | -45.2% |
| Amounts receivable within one year | 40/41 | €79,734 | €94,035 | +€14,301 | +17.9% |
| Trade receivables | 40 | €50,131 | €89,612 | +€39,481 | +78.8% |
| Other amounts receivable | 41 | €29,603 | €4,423 | -€25,180 | -85.1% |
| Cash at bank and in hand | 54/58 | €131,174 | €175,484 | +€44,310 | +33.8% |
| Total equity and liabilities | 10/49 | €885,353 | €921,230 | +€35,878 | +4.1% |
| Equity | 10/15 | €425,393 | €507,425 | +€82,032 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €341,599 | €423,269 | +€81,671 | +23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €339,739 | €421,409 | +€81,671 | +24.0% |
| Profit (loss) carried forward | 14 | €65,195 | €65,556 | +€361 | +0.6% |
| Amounts payable | 17/49 | €459,959 | €413,805 | -€46,154 | -10.0% |
| Amounts payable after more than one year | 17 | €261,296 | €182,859 | -€78,438 | -30.0% |
| Financial debts | 170/4 | €261,296 | €182,859 | -€78,438 | -30.0% |
| Amounts payable within one year | 42/48 | €198,663 | €230,946 | +€32,283 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €102,081 | €106,987 | +€4,906 | +4.8% |
| Trade debts | 44 | €12,903 | €11,111 | -€1,793 | -13.9% |
| Suppliers | 440/4 | €12,903 | €11,111 | -€1,793 | -13.9% |
| Taxes, remuneration and social security | 45 | €25,874 | €36,747 | +€10,873 | +42.0% |
| Taxes | 450/3 | €21,807 | €29,490 | +€7,683 | +35.2% |
| Remuneration and social security | 454/9 | €4,066 | €7,256 | +€3,190 | +78.4% |
| Other amounts payable | 47/48 | €57,805 | €76,102 | +€18,297 | +31.7% |
| Remuneration, social security and pensions | 62 | €53,564 | €62,496 | +€8,932 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,365 | €97,991 | +€4,627 | +5.0% |
| Other operating charges | 640/8 | €897 | €788 | -€109 | -12.1% |
| Non-recurring operating charges | 66A | €220 | €5,782 | +€5,562 | +2,531% |
| Gross operating margin | 9900 | €258,348 | €357,408 | +€99,060 | +38.3% |
| Operating profit (loss) | 9901 | €110,303 | €190,350 | +€80,047 | +72.6% |
| Financial income | 75/76B | €308 | €53 | -€254 | -82.6% |
| Recurring financial income | 75 | €308 | €53 | -€254 | -82.6% |
| Financial charges | 65/66B | €10,319 | €9,970 | -€349 | -3.4% |
| Recurring financial charges | 65 | €10,319 | €9,970 | -€349 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €100,292 | €180,434 | +€80,142 | +79.9% |
| Income taxes | 67/77 | €24,974 | €55,073 | +€30,099 | +121% |
| Profit (loss) for the period | 9904 | €75,318 | €125,361 | +€50,043 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,318 | €125,361 | +€50,043 | +66.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.