HANDAL: what changed
Two fiscal 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.
HANDAL
Largest movements
- Tangible fixed assets +€67,026
up €67,026 (+293.3%), from €22,852 to €89,878
of which Leasing and similar rights: +€58,488
- Cash +€25,397
up €25,397 (+85.3%), from €29,773 to €55,170
mainly Debts after one year (+€45,129) and Net result for the year (+€43,238)
- Stocks and contracts +€8,756
up €8,756 (+114.8%), from €7,630 to €16,386
- Deferred charges and accrued income +€3,383
new in 2025: €3,383
- Receivables within one year +€2,748
up €2,748 (+102.0%), from €2,695 to €5,443
of which Other amounts receivable: +€3,886
- Debts after one year +€45,129
new in 2025: €45,129
- Reserves +€43,238
new in 2025: €43,238
- Trade debts +€36,390
new in 2025: €36,390
- Other debts -€35,763
down €35,763 (-98.2%), from €36,409 to €646
- Tax, wage and social debts +€33,360
up €33,360 (+509.5%), from €6,547 to €39,907
of which Remuneration and social security: +€16,768
- Gross operating margin +€300,824
up €300,824 (+2563.7%), from €11,734 to €312,558
- Staff costs +€214,938
up €214,938 (+2449.7%), from €8,774 to €223,712
- Taxes +€17,255
up €17,255 (+17255.0%), from €100 to €17,355
- Depreciation +€10,452
up €10,452 (+3484.0%), from €300 to €10,752
- Financial charges +€9,941
up €9,941 (+3270.1%), from €304 to €10,245
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.
Cash bridge derived
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 | €70,550 | €178,065 | +€107,515 | +152.4% |
| Fixed assets | 21/28 | €30,452 | €97,683 | +€67,231 | +220.8% |
| Tangible fixed assets | 22/27 | €22,852 | €89,878 | +€67,026 | +293.3% |
| Plant, machinery and equipment | 23 | €22,852 | €25,359 | +€2,507 | +11.0% |
| Furniture and vehicles | 24 | - | €6,031 | +€6,031 | |
| Leasing and similar rights | 25 | - | €58,488 | +€58,488 | |
| Financial fixed assets | 28 | €7,600 | €7,805 | +€205 | +2.7% |
| Current assets | 29/58 | €40,098 | €80,382 | +€40,284 | +100.5% |
| Stocks and contracts in progress | 3 | €7,630 | €16,386 | +€8,756 | +114.8% |
| Stocks | 30/36 | €7,630 | €16,386 | +€8,756 | +114.8% |
| Amounts receivable within one year | 40/41 | €2,695 | €5,443 | +€2,748 | +102.0% |
| Trade receivables | 40 | €1,138 | - | -€1,138 | |
| Other amounts receivable | 41 | €1,557 | €5,443 | +€3,886 | +249.6% |
| Cash at bank and in hand | 54/58 | €29,773 | €55,170 | +€25,397 | +85.3% |
| Deferred charges and accrued income | 490/1 | - | €3,383 | +€3,383 | |
| Total equity and liabilities | 10/49 | €70,550 | €178,065 | +€107,515 | +152.4% |
| Equity | 10/15 | €4,756 | €47,994 | +€43,238 | +909.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €43,238 | +€43,238 | |
| Distributable reserves | 133 | - | €43,238 | +€43,238 | |
| Profit (loss) carried forward | 14 | €2,256 | €2,256 | = | 0.0% |
| Amounts payable | 17/49 | €65,794 | €130,071 | +€64,277 | +97.7% |
| Amounts payable after more than one year | 17 | - | €45,129 | +€45,129 | |
| Financial debts | 170/4 | - | €45,129 | +€45,129 | |
| Amounts payable within one year | 42/48 | €42,956 | €84,942 | +€41,986 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,999 | +€7,999 | |
| Trade debts | 44 | - | €36,390 | +€36,390 | |
| Suppliers | 440/4 | - | €36,390 | +€36,390 | |
| Taxes, remuneration and social security | 45 | €6,547 | €39,907 | +€33,360 | +509.5% |
| Taxes | 450/3 | €473 | €17,065 | +€16,592 | +3507.8% |
| Remuneration and social security | 454/9 | €6,074 | €22,842 | +€16,768 | +276.1% |
| Other amounts payable | 47/48 | €36,409 | €646 | -€35,763 | -98.2% |
| Accrued charges and deferred income | 492/3 | €22,838 | - | -€22,838 | |
| Remuneration, social security and pensions | 62 | €8,774 | €223,712 | +€214,938 | +2449.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €10,752 | +€10,452 | +3484.0% |
| Other operating charges | 640/8 | - | €7,257 | +€7,257 | |
| Gross operating margin | 9900 | €11,734 | €312,558 | +€300,824 | +2563.7% |
| Operating profit (loss) | 9901 | €2,660 | €70,837 | +€68,177 | +2563.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €304 | €10,245 | +€9,941 | +3270.1% |
| Recurring financial charges | 65 | €304 | €10,245 | +€9,941 | +3270.1% |
| Profit (loss) for the period before taxes | 9903 | €2,356 | €60,593 | +€58,237 | +2471.9% |
| Income taxes | 67/77 | €100 | €17,355 | +€17,255 | +17255.0% |
| Profit (loss) for the period | 9904 | €2,256 | €43,238 | +€40,982 | +1816.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,256 | €43,238 | +€40,982 | +1816.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.