HANDARY: 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.
HANDARY
Largest movements
- Deferred charges and accrued income -€3.4m
no longer reported in 2024 (was €3.4m)
- Cash +€656,835
up €656,835 (+86.5%), from €758,988 to €1.4m
mainly Deferred charges and accrued income (+€3.4m) and Depreciation (+€321,962)
- Tangible fixed assets -€153,767
down €153,767 (-5.7%), from €2.7m to €2.6m
- Financial fixed assets +€121,900
up €121,900 (+1,773%), from €6,875 to €128,775
- Trade debts -€3.0m
down €3.0m (-34.6%), from €8.7m to €5.7m
- Profit (loss) carried forward +€152,008
up €152,008 (+16.3%), from -€930,180 to -€778,172
- Gross operating margin +€637,228
up €637,228 (+98.8%), from €644,880 to €1.3m
- Financial income -€21,240
down €21,240 (-64.1%), from €33,136 to €11,896
- Other operating charges +€14,171
up €14,171 (+20.2%), from €70,103 to €84,274
- Staff costs -€13,381
down €13,381 (-1.8%), from €739,981 to €726,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,071,767 | €6,204,238 | -€2.9m | -31.6% |
| Fixed assets | 21/28 | €2,720,164 | €2,693,310 | -€26,854 | -1.0% |
| Intangible fixed assets | 21 | - | €5,013 | +€5,013 | |
| Tangible fixed assets | 22/27 | €2,713,289 | €2,559,522 | -€153,767 | -5.7% |
| Land and buildings | 22 | €1,758,641 | €1,685,364 | -€73,277 | -4.2% |
| Plant, machinery and equipment | 23 | €925,390 | €852,162 | -€73,228 | -7.9% |
| Furniture and vehicles | 24 | €13,433 | €11,446 | -€1,987 | -14.8% |
| Other tangible fixed assets | 26 | €15,825 | €10,550 | -€5,275 | -33.3% |
| Financial fixed assets | 28 | €6,875 | €128,775 | +€121,900 | +1,773% |
| Current assets | 29/58 | €6,351,603 | €3,510,928 | -€2.8m | -44.7% |
| Stocks and contracts in progress | 3 | €220,632 | €166,000 | -€54,632 | -24.8% |
| Stocks | 30/36 | €220,632 | €166,000 | -€54,632 | -24.8% |
| Amounts receivable within one year | 40/41 | €1,974,242 | €1,929,105 | -€45,137 | -2.3% |
| Trade receivables | 40 | €1,844,887 | €1,907,937 | +€63,050 | +3.4% |
| Other amounts receivable | 41 | €129,355 | €21,168 | -€108,187 | -83.6% |
| Cash at bank and in hand | 54/58 | €758,988 | €1,415,823 | +€656,835 | +86.5% |
| Deferred charges and accrued income | 490/1 | €3,397,741 | - | -€3.4m | |
| Total equity and liabilities | 10/49 | €9,071,767 | €6,204,238 | -€2.9m | -31.6% |
| Equity | 10/15 | €234,862 | €386,870 | +€152,008 | +64.7% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other | 1109/19 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €65,042 | €65,042 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,042 | €45,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€930,180 | -€778,172 | +€152,008 | +16.3% |
| Amounts payable | 17/49 | €8,836,905 | €5,817,368 | -€3.0m | -34.2% |
| Amounts payable within one year | 42/48 | €8,820,182 | €5,808,793 | -€3.0m | -34.1% |
| Trade debts | 44 | €8,689,411 | €5,683,879 | -€3.0m | -34.6% |
| Suppliers | 440/4 | €8,689,411 | €5,683,879 | -€3.0m | -34.6% |
| Taxes, remuneration and social security | 45 | €130,771 | €108,250 | -€22,521 | -17.2% |
| Taxes | 450/3 | €6,908 | €19,889 | +€12,981 | +188% |
| Remuneration and social security | 454/9 | €123,863 | €88,361 | -€35,502 | -28.7% |
| Other amounts payable | 47/48 | - | €16,664 | +€16,664 | |
| Accrued charges and deferred income | 492/3 | €16,723 | €8,575 | -€8,148 | -48.7% |
| Remuneration, social security and pensions | 62 | €739,981 | €726,600 | -€13,381 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,363 | €321,962 | +€1,599 | +0.5% |
| Other operating charges | 640/8 | €70,103 | €84,274 | +€14,171 | +20.2% |
| Gross operating margin | 9900 | €644,880 | €1,282,108 | +€637,228 | +98.8% |
| Operating profit (loss) | 9901 | -€485,567 | €149,272 | +€634,839 | |
| Financial income | 75/76B | €33,136 | €11,896 | -€21,240 | -64.1% |
| Recurring financial income | 75 | €33,136 | €11,896 | -€21,240 | -64.1% |
| Financial charges | 65/66B | €18,912 | €9,160 | -€9,752 | -51.6% |
| Recurring financial charges | 65 | €18,912 | €9,160 | -€9,752 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€471,343 | €152,008 | +€623,351 | |
| Income taxes | 67/77 | €72 | - | -€72 | |
| Profit (loss) for the period | 9904 | -€471,415 | €152,008 | +€623,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€471,415 | €152,008 | +€623,423 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.