HANDEL DE CUYPER: 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.
HANDEL DE CUYPER
Largest movements
- Cash +€54,820
up €54,820 (+23.3%), from €235,080 to €289,901
mainly Net result for the year (+€64,482) and Trade debts (+€38,184)
- Tangible fixed assets -€26,229
down €26,229 (-11.9%), from €219,742 to €193,512
of which Furniture and vehicles: -€17,961
- Stocks and contracts +€16,553
up €16,553 (+54.7%), from €30,248 to €46,801
- Receivables within one year +€15,454
up €15,454 (+11.6%), from €132,990 to €148,445
of which Trade receivables: +€19,618
- Trade debts +€38,184
up €38,184 (+458%), from €8,334 to €46,518
- Reserves +€15,718
up €15,718 (+3.3%), from €478,796 to €494,514
of which Distributable reserves: +€15,718
- Tax, wage and social debts +€8,399
up €8,399 (+234%), from €3,582 to €11,981
of which Remuneration and social security: +€5,714
- Gross operating margin +€1,737
up €1,737 (+1.4%), from €124,706 to €126,443
- Depreciation +€1,417
up €1,417 (+5.2%), from €26,994 to €28,411
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 | €631,972 | €690,133 | +€58,161 | +9.2% |
| Fixed assets | 21/28 | €225,429 | €198,407 | -€27,021 | -12.0% |
| Intangible fixed assets | 21 | €3,817 | €3,025 | -€792 | -20.7% |
| Tangible fixed assets | 22/27 | €219,742 | €193,512 | -€26,229 | -11.9% |
| Land and buildings | 22 | €168,395 | €160,270 | -€8,125 | -4.8% |
| Plant, machinery and equipment | 23 | €4,536 | €4,392 | -€143 | -3.2% |
| Furniture and vehicles | 24 | €46,811 | €28,850 | -€17,961 | -38.4% |
| Financial fixed assets | 28 | €1,870 | €1,870 | = | 0.0% |
| Current assets | 29/58 | €406,543 | €491,726 | +€85,183 | +21.0% |
| Stocks and contracts in progress | 3 | €30,248 | €46,801 | +€16,553 | +54.7% |
| Stocks | 30/36 | €30,248 | €46,801 | +€16,553 | +54.7% |
| Amounts receivable within one year | 40/41 | €132,990 | €148,445 | +€15,454 | +11.6% |
| Trade receivables | 40 | €118,776 | €138,394 | +€19,618 | +16.5% |
| Other amounts receivable | 41 | €14,214 | €10,050 | -€4,164 | -29.3% |
| Cash at bank and in hand | 54/58 | €235,080 | €289,901 | +€54,820 | +23.3% |
| Deferred charges and accrued income | 490/1 | €8,224 | €6,580 | -€1,645 | -20.0% |
| Total equity and liabilities | 10/49 | €631,972 | €690,133 | +€58,161 | +9.2% |
| Equity | 10/15 | €590,346 | €606,064 | +€15,718 | +2.7% |
| Contributions | 10/11 | €111,550 | €111,550 | = | 0.0% |
| Reserves | 13 | €478,796 | €494,514 | +€15,718 | +3.3% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €466,296 | €482,014 | +€15,718 | +3.4% |
| Amounts payable | 17/49 | €41,625 | €84,069 | +€42,444 | +102% |
| Amounts payable within one year | 42/48 | €36,539 | €80,654 | +€44,115 | +121% |
| Trade debts | 44 | €8,334 | €46,518 | +€38,184 | +458% |
| Suppliers | 440/4 | €8,334 | €46,518 | +€38,184 | +458% |
| Taxes, remuneration and social security | 45 | €3,582 | €11,981 | +€8,399 | +234% |
| Taxes | 450/3 | €3,086 | €5,771 | +€2,685 | +87.0% |
| Remuneration and social security | 454/9 | €496 | €6,210 | +€5,714 | +1,152% |
| Other amounts payable | 47/48 | €24,622 | €22,155 | -€2,467 | -10.0% |
| Accrued charges and deferred income | 492/3 | €5,086 | €3,415 | -€1,672 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,994 | €28,411 | +€1,417 | +5.2% |
| Other operating charges | 640/8 | €7,957 | €8,119 | +€161 | +2.0% |
| Non-recurring operating charges | 66A | €2,421 | - | -€2,421 | |
| Gross operating margin | 9900 | €124,706 | €126,443 | +€1,737 | +1.4% |
| Operating profit (loss) | 9901 | €87,333 | €89,913 | +€2,579 | +3.0% |
| Financial income | 75/76B | €2,671 | €1,625 | -€1,046 | -39.2% |
| Recurring financial income | 75 | €2,671 | €1,625 | -€1,046 | -39.2% |
| Financial charges | 65/66B | €2,668 | €2,815 | +€147 | +5.5% |
| Recurring financial charges | 65 | €2,668 | €2,815 | +€147 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €87,337 | €88,723 | +€1,386 | +1.6% |
| Income taxes | 67/77 | €23,982 | €24,241 | +€259 | +1.1% |
| Profit (loss) for the period | 9904 | €63,355 | €64,482 | +€1,127 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,355 | €64,482 | +€1,127 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.