HANDAZ: 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.
HANDAZ
Largest movements
- Cash +€58,940
up €58,940 (+113.7%), from €51,831 to €110,771
mainly Net result for the year (+€70,156) and Depreciation (+€55,491)
- Tangible fixed assets -€55,491
down €55,491 (-6.9%), from €801,964 to €746,473
of which Land and buildings: -€53,717
- Reserves +€70,156
up €70,156 (+21.2%), from €331,416 to €401,573
of which Distributable reserves: +€71,307
- Debts after one year -€41,622
down €41,622 (-14.8%), from €280,791 to €239,168
- Other debts -€34,620
down €34,620 (-27.9%), from €124,086 to €89,466
- Gross operating margin +€26,957
up €26,957 (+17.9%), from €150,863 to €177,819
- Taxes +€8,986
up €8,986 (+37.0%), from €24,290 to €33,277
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 | €861,435 | €859,007 | -€2,428 | -0.3% |
| Fixed assets | 21/28 | €801,964 | €746,473 | -€55,491 | -6.9% |
| Tangible fixed assets | 22/27 | €801,964 | €746,473 | -€55,491 | -6.9% |
| Land and buildings | 22 | €787,046 | €733,330 | -€53,717 | -6.8% |
| Plant, machinery and equipment | 23 | €14,917 | €13,143 | -€1,775 | -11.9% |
| Current assets | 29/58 | €59,471 | €112,534 | +€53,063 | +89.2% |
| Amounts receivable within one year | 40/41 | €5,938 | - | -€5,938 | |
| Other amounts receivable | 41 | €5,938 | - | -€5,938 | |
| Cash at bank and in hand | 54/58 | €51,831 | €110,771 | +€58,940 | +113.7% |
| Deferred charges and accrued income | 490/1 | €1,702 | €1,763 | +€60 | +3.5% |
| Total equity and liabilities | 10/49 | €861,435 | €859,007 | -€2,428 | -0.3% |
| Equity | 10/15 | €390,016 | €460,173 | +€70,156 | +18.0% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €331,416 | €401,573 | +€70,156 | +21.2% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,112 | €14,961 | -€1,151 | -7.1% |
| Distributable reserves | 133 | €311,304 | €382,611 | +€71,307 | +22.9% |
| Provisions and deferred taxes | 16 | €5,371 | €4,987 | -€384 | -7.1% |
| Deferred taxes | 168 | €5,371 | €4,987 | -€384 | -7.1% |
| Amounts payable | 17/49 | €466,048 | €393,847 | -€72,201 | -15.5% |
| Amounts payable after more than one year | 17 | €280,791 | €239,168 | -€41,622 | -14.8% |
| Financial debts | 170/4 | €280,791 | €239,168 | -€41,622 | -14.8% |
| Amounts payable within one year | 42/48 | €173,154 | €139,365 | -€33,789 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €43,840 | €41,622 | -€2,218 | -5.1% |
| Taxes, remuneration and social security | 45 | €5,228 | €8,277 | +€3,048 | +58.3% |
| Taxes | 450/3 | €5,228 | €8,277 | +€3,048 | +58.3% |
| Other amounts payable | 47/48 | €124,086 | €89,466 | -€34,620 | -27.9% |
| Accrued charges and deferred income | 492/3 | €12,103 | €15,313 | +€3,210 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,465 | €55,491 | +€27 | 0.0% |
| Other operating charges | 640/8 | €14,391 | €14,975 | +€583 | +4.1% |
| Gross operating margin | 9900 | €150,863 | €177,819 | +€26,957 | +17.9% |
| Operating profit (loss) | 9901 | €81,007 | €107,354 | +€26,347 | +32.5% |
| Financial charges | 65/66B | €5,967 | €4,305 | -€1,663 | -27.9% |
| Recurring financial charges | 65 | €5,967 | €4,298 | -€1,669 | -28.0% |
| Non-recurring financial charges | 66B | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €75,039 | €103,049 | +€28,010 | +37.3% |
| Transfer from deferred taxes | 780 | €384 | €384 | = | 0.0% |
| Income taxes | 67/77 | €24,290 | €33,277 | +€8,986 | +37.0% |
| Profit (loss) for the period | 9904 | €51,133 | €70,156 | +€19,024 | +37.2% |
| Transfer from tax-exempt reserves | 789 | €1,151 | €1,151 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,283 | €71,307 | +€19,024 | +36.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.