HAND 2 HAND: 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.
HAND 2 HAND
Largest movements
- Cash +€78,388
up €78,388 (+72.8%), from €107,603 to €185,991
mainly Net result for the year (+€385,146) and Depreciation (+€117,917)
- Tangible fixed assets -€75,462
down €75,462 (-7.6%), from €993,903 to €918,441
of which Land and buildings: -€48,667
- Receivables within one year +€54,890
up €54,890 (+31.8%), from €172,704 to €227,594
of which Trade receivables: +€47,933
- Stocks and contracts +€18,423
up €18,423 (+54.9%), from €33,570 to €51,993
- Profit (loss) carried forward +€385,146
up €385,146 (+1,415%), from €27,225 to €412,371
- Other debts -€280,805
down €280,805 (-47.7%), from €588,424 to €307,619
- Debts after one year -€57,223
down €57,223 (-12.8%), from €447,943 to €390,720
- Trade debts +€23,130
up €23,130 (+79.4%), from €29,124 to €52,253
- Gross operating margin +€216,511
up €216,511 (+23.8%), from €911,440 to €1.1m
- Staff costs +€93,539
up €93,539 (+24.3%), from €384,634 to €478,173
- Taxes +€28,874
up €28,874 (+28.5%), from €101,488 to €130,362
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 | €1,318,120 | €1,390,607 | +€72,487 | +5.5% |
| Fixed assets | 21/28 | €1,004,244 | €925,029 | -€79,215 | -7.9% |
| Intangible fixed assets | 21 | €9,825 | €6,072 | -€3,753 | -38.2% |
| Tangible fixed assets | 22/27 | €993,903 | €918,441 | -€75,462 | -7.6% |
| Land and buildings | 22 | €845,654 | €796,988 | -€48,667 | -5.8% |
| Plant, machinery and equipment | 23 | €131,795 | €99,968 | -€31,827 | -24.1% |
| Furniture and vehicles | 24 | €16,453 | €21,485 | +€5,032 | +30.6% |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €313,876 | €465,578 | +€151,702 | +48.3% |
| Stocks and contracts in progress | 3 | €33,570 | €51,993 | +€18,423 | +54.9% |
| Stocks | 30/36 | €33,570 | €51,993 | +€18,423 | +54.9% |
| Amounts receivable within one year | 40/41 | €172,704 | €227,594 | +€54,890 | +31.8% |
| Trade receivables | 40 | €165,241 | €213,175 | +€47,933 | +29.0% |
| Other amounts receivable | 41 | €7,463 | €14,420 | +€6,957 | +93.2% |
| Cash at bank and in hand | 54/58 | €107,603 | €185,991 | +€78,388 | +72.8% |
| Total equity and liabilities | 10/49 | €1,318,120 | €1,390,607 | +€72,487 | +5.5% |
| Equity | 10/15 | €82,225 | €467,371 | +€385,146 | +468% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,225 | €412,371 | +€385,146 | +1,415% |
| Amounts payable | 17/49 | €1,235,895 | €923,235 | -€312,659 | -25.3% |
| Amounts payable after more than one year | 17 | €447,943 | €390,720 | -€57,223 | -12.8% |
| Financial debts | 170/4 | €447,943 | €390,720 | -€57,223 | -12.8% |
| Amounts payable within one year | 42/48 | €787,952 | €532,516 | -€255,436 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €55,505 | €58,092 | +€2,586 | +4.7% |
| Financial debts | 43 | €16,840 | €25,244 | +€8,404 | +49.9% |
| Other loans | 439 | €16,840 | €25,244 | +€8,404 | +49.9% |
| Trade debts | 44 | €29,124 | €52,253 | +€23,130 | +79.4% |
| Suppliers | 440/4 | €29,124 | €52,253 | +€23,130 | +79.4% |
| Advances received on contracts in progress | 46 | €94 | - | -€94 | |
| Taxes, remuneration and social security | 45 | €97,965 | €89,307 | -€8,658 | -8.8% |
| Taxes | 450/3 | €64,056 | €12,338 | -€51,718 | -80.7% |
| Remuneration and social security | 454/9 | €33,909 | €76,969 | +€43,060 | +127% |
| Other amounts payable | 47/48 | €588,424 | €307,619 | -€280,805 | -47.7% |
| Remuneration, social security and pensions | 62 | €384,634 | €478,173 | +€93,539 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,919 | €117,917 | +€8,999 | +8.3% |
| Other operating charges | 640/8 | €3,227 | €2,991 | -€236 | -7.3% |
| Gross operating margin | 9900 | €911,440 | €1,127,951 | +€216,511 | +23.8% |
| Operating profit (loss) | 9901 | €414,661 | €528,869 | +€114,209 | +27.5% |
| Financial income | 75/76B | €689 | €497 | -€192 | -27.9% |
| Recurring financial income | 75 | €689 | €497 | -€192 | -27.9% |
| Financial charges | 65/66B | €24,693 | €13,859 | -€10,835 | -43.9% |
| Recurring financial charges | 65 | €24,693 | €13,859 | -€10,835 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €390,656 | €515,508 | +€124,851 | +32.0% |
| Income taxes | 67/77 | €101,488 | €130,362 | +€28,874 | +28.5% |
| Profit (loss) for the period | 9904 | €289,168 | €385,146 | +€95,978 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €289,168 | €385,146 | +€95,978 | +33.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.