HandCo Five: 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.
HandCo Five
Largest movements
- Cash +€1.7m
up €1.7m (+3674.8%), from €46,973 to €1.8m
mainly Current investments (+€1.4m) and Other debts (+€1.0m)
- Current investments -€1.4m
down €1.4m (-69.5%), from €2.0m to €600,188
- Financial fixed assets -€538,430
down €538,430 (-100.0%), from €538,430 to €0
- Profit (loss) carried forward -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Other debts +€1.0m
up €1.0m (+6908.3%), from €15,034 to €1.1m
- Reserves +€886,977
up €886,977 (+73914.8%), from €1,200 to €888,177
of which Distributable reserves: +€886,977
- Current portion of long-term debt -€745,269
down €745,269 (-100.0%), from €745,269 to €0
- Debts after one year -€745,156
down €745,156 (-100.0%), from €745,156 to €0
- Financial income +€1.3m
up €1.3m (+1017.1%), from €126,307 to €1.4m
- Taxes +€441,039
up €441,039 (+3110.4%), from €14,180 to €455,219
- Financial charges -€75,155
down €75,155 (-56.3%), from €133,597 to €58,442
of which Non-recurring financial charges: -€100,805
- Gross operating margin +€5,920
up €5,920 (+54.9%), from -€10,792 to -€4,872
- Other operating charges -€763
down €763 (-13.1%), from €5,845 to €5,081
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 | €2,572,365 | €2,381,878 | -€190,487 | -7.4% |
| Fixed assets | 21/28 | €538,430 | €0 | -€538,430 | -100.0% |
| Financial fixed assets | 28 | €538,430 | €0 | -€538,430 | -100.0% |
| Current assets | 29/58 | €2,033,935 | €2,381,878 | +€347,943 | +17.1% |
| Amounts receivable within one year | 40/41 | €21,364 | €7,667 | -€13,697 | -64.1% |
| Other amounts receivable | 41 | €21,364 | €7,667 | -€13,697 | -64.1% |
| Current investments | 50/53 | €1,965,489 | €600,188 | -€1.4m | -69.5% |
| Cash at bank and in hand | 54/58 | €46,973 | €1,773,145 | +€1.7m | +3674.8% |
| Deferred charges and accrued income | 490/1 | €109 | €878 | +€769 | +706.1% |
| Total equity and liabilities | 10/49 | €2,572,365 | €2,381,878 | -€190,487 | -7.4% |
| Equity | 10/15 | €1,066,828 | €900,177 | -€166,650 | -15.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €1,200 | €888,177 | +€886,977 | +73914.8% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | - | €886,977 | +€886,977 | |
| Profit (loss) carried forward | 14 | €1,053,628 | €0 | -€1.1m | -100.0% |
| Amounts payable | 17/49 | €1,505,538 | €1,481,701 | -€23,837 | -1.6% |
| Amounts payable after more than one year | 17 | €745,156 | €0 | -€745,156 | -100.0% |
| Other amounts payable | 178/9 | €745,156 | €0 | -€745,156 | -100.0% |
| Amounts payable within one year | 42/48 | €760,381 | €1,481,701 | +€721,320 | +94.9% |
| Current portion of amounts payable after more than one year | 42 | €745,269 | €0 | -€745,269 | -100.0% |
| Trade debts | 44 | €79 | €79 | = | 0.0% |
| Suppliers | 440/4 | €79 | €79 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €427,995 | +€427,995 | |
| Taxes | 450/3 | - | €427,995 | +€427,995 | |
| Other amounts payable | 47/48 | €15,034 | €1,053,628 | +€1.0m | +6908.3% |
| Other operating charges | 640/8 | €5,845 | €5,081 | -€763 | -13.1% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€10,792 | -€4,872 | +€5,920 | +54.9% |
| Operating profit (loss) | 9901 | -€16,637 | -€10,353 | +€6,284 | +37.8% |
| Financial income | 75/76B | €126,307 | €1,410,991 | +€1.3m | +1017.1% |
| Recurring financial income | 75 | €126,307 | €1,410,991 | +€1.3m | +1017.1% |
| Financial charges | 65/66B | €133,597 | €58,442 | -€75,155 | -56.3% |
| Recurring financial charges | 65 | €32,792 | €58,442 | +€25,650 | +78.2% |
| Non-recurring financial charges | 66B | €100,805 | €0 | -€100,805 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,926 | €1,342,196 | +€1.4m | |
| Income taxes | 67/77 | €14,180 | €455,219 | +€441,039 | +3110.4% |
| Profit (loss) for the period | 9904 | -€38,106 | €886,977 | +€925,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,106 | €886,977 | +€925,083 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.