GOLDEN HANDS: what changed
GOLDEN HANDS
Largest movements
- Cash +€19,966
up €19,966 (+138%), from €14,439 to €34,405
mainly Trade debts (+€14,404) and Net result for the year (+€11,187)
- Receivables within one year +€13,583
up €13,583 (+26.9%), from €50,526 to €64,109
of which Trade receivables: +€15,112
- Stocks and contracts -€8,782
no longer reported in 2025 (was €8,782)
- Deferred charges and accrued income -€6,132
down €6,132 (-36.1%), from €16,965 to €10,832
- Tangible fixed assets -€1,435
down €1,435 (-10.6%), from €13,549 to €12,114
of which Plant, machinery and equipment: -€895
- Other debts -€15,099
down €15,099 (-73.8%), from €20,464 to €5,366
- Trade debts +€14,404
up €14,404 (+48.7%), from €29,553 to €43,957
- Profit (loss) carried forward +€9,521
up €9,521 (+86.4%), from €11,014 to €20,535
- Tax, wage and social debts +€8,373
up €8,373 (+190%), from €4,405 to €12,778
of which Taxes: +€6,298
- Gross operating margin +€20,469
up €20,469 (+154%), from €13,301 to €33,769
- Other operating charges +€5,999
up €5,999 (+659%), from €910 to €6,909
- Taxes +€5,343
up €5,343 (+184%), from €2,905 to €8,248
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 | €104,447 | €121,646 | +€17,199 | +16.5% |
| Fixed assets | 21/28 | €13,735 | €12,300 | -€1,435 | -10.5% |
| Tangible fixed assets | 22/27 | €13,549 | €12,114 | -€1,435 | -10.6% |
| Plant, machinery and equipment | 23 | €6,318 | €5,423 | -€895 | -14.2% |
| Furniture and vehicles | 24 | €7,232 | €6,691 | -€541 | -7.5% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €90,711 | €109,346 | +€18,635 | +20.5% |
| Stocks and contracts in progress | 3 | €8,782 | - | -€8,782 | |
| Stocks | 30/36 | €8,782 | - | -€8,782 | |
| Amounts receivable within one year | 40/41 | €50,526 | €64,109 | +€13,583 | +26.9% |
| Trade receivables | 40 | €43,708 | €58,820 | +€15,112 | +34.6% |
| Other amounts receivable | 41 | €6,818 | €5,289 | -€1,529 | -22.4% |
| Cash at bank and in hand | 54/58 | €14,439 | €34,405 | +€19,966 | +138% |
| Deferred charges and accrued income | 490/1 | €16,965 | €10,832 | -€6,132 | -36.1% |
| Total equity and liabilities | 10/49 | €104,447 | €121,646 | +€17,199 | +16.5% |
| Equity | 10/15 | €50,024 | €59,545 | +€9,521 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,410 | €20,410 | = | 0.0% |
| 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 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,014 | €20,535 | +€9,521 | +86.4% |
| Amounts payable | 17/49 | €54,422 | €62,101 | +€7,678 | +14.1% |
| Amounts payable within one year | 42/48 | €54,422 | €62,101 | +€7,678 | +14.1% |
| Trade debts | 44 | €29,553 | €43,957 | +€14,404 | +48.7% |
| Suppliers | 440/4 | €29,553 | €43,957 | +€14,404 | +48.7% |
| Taxes, remuneration and social security | 45 | €4,405 | €12,778 | +€8,373 | +190% |
| Taxes | 450/3 | €4,405 | €10,703 | +€6,298 | +143% |
| Remuneration and social security | 454/9 | - | €2,076 | +€2,076 | |
| Other amounts payable | 47/48 | €20,464 | €5,366 | -€15,099 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,169 | €7,356 | +€187 | +2.6% |
| Other operating charges | 640/8 | €910 | €6,909 | +€5,999 | +659% |
| Gross operating margin | 9900 | €13,301 | €33,769 | +€20,469 | +154% |
| Operating profit (loss) | 9901 | €5,222 | €19,504 | +€14,283 | +274% |
| Financial income | 75/76B | €7 | €31 | +€24 | +339% |
| Recurring financial income | 75 | €7 | €31 | +€24 | +339% |
| Financial charges | 65/66B | €103 | €101 | -€2 | -1.6% |
| Recurring financial charges | 65 | €103 | €101 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €5,126 | €19,434 | +€14,308 | +279% |
| Income taxes | 67/77 | €2,905 | €8,248 | +€5,343 | +184% |
| Profit (loss) for the period | 9904 | €2,221 | €11,187 | +€8,966 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €2,221 | €11,187 | +€8,966 | +404% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.