HANDI-MOVE: 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.
What changed
HANDI-MOVE
NACE 32.500, Manufacture of medical and dental instruments and supplies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €2.6m-€663,640
Equity
€13.9m
2024 · €12.7m+€1.3m
Cash
€6.5m
2024 · €3.9m+€2.7m
Balance sheet total
€16.2m
2024 · €15.3m+€877,193
Largest movements
Assets
- Cash +€2.7m
up €2.7m (+69.2%), from €3.9m to €6.5m
mainly Current investments (+€2.0m) and Net result for the year (+€1.9m)
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Stocks and contracts +€315,252
up €315,252 (+11.5%), from €2.7m to €3.1m
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+10.6%), from €12.2m to €13.4m
of which Distributable reserves: +€1.6m
- Trade debts -€608,690
down €608,690 (-52.2%), from €1.2m to €558,049
- Current portion of long-term debt +€384,224
up €384,224 (+221.7%), from €173,321 to €557,545
Income statement
- Gross operating margin -€327,217
down €327,217 (-5.9%), from €5.6m to €5.3m
- Taxes -€231,581
down €231,581 (-30.6%), from €757,336 to €525,754
- Financial charges +€183,666
up €183,666 (+93.1%), from €197,177 to €380,842
- Staff costs +€146,144
up €146,144 (+7.0%), from €2.1m to €2.2m
- Write-downs +€102,869
up €102,869 (+98.8%), from -€104,104 to -€1,235
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.
Result 2024
€2.6m
Gross operating margin
-€327,217
Staff costs
-€146,144
Depreciation
-€72,214
Write-downs
-€102,869
Other operating charges
+€1,215
Other operating items
+€244
Financial income
-€64,570
Financial charges
-€183,666
Taxes
+€231,581
Result 2025
€1.9m
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.
From operations
+€1.3m
Investment
+€1.7m
Financing
-€347,106
Cash 2024
€3.9m
From operations (derived)
+€1.3m
Net result for the year
+€1.9m
Depreciation
+€326,096
Stocks and contracts
-€315,252
Receivables within one year
+€131,521
Deferred charges and accrued income
-€62,075
Smaller working-capital items
-€2,145
Trade debts
-€608,690
Tax, wage and social debts
-€95,627
Advances received
+€44,042
Investment (derived)
+€1.7m
Investment in fixed assets (net)
-€311,839
Current investments
+€2.0m
Financing
-€347,106
Debts after one year
-€131,330
Current portion of long-term debt
+€384,224
Contributions, distributions and other
-€600,000
Cash 2025
€6.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,342,780 | €16,219,972 | +€877,193 | +5.7% |
| Fixed assets | 21/28 | €2,806,793 | €2,792,536 | -€14,256 | -0.5% |
| Intangible fixed assets | 21 | €77,192 | €56,696 | -€20,496 | -26.6% |
| Tangible fixed assets | 22/27 | €2,712,159 | €2,718,398 | +€6,240 | +0.2% |
| Land and buildings | 22 | €2,062,667 | €2,194,655 | +€131,989 | +6.4% |
| Plant, machinery and equipment | 23 | €337,736 | €291,327 | -€46,409 | -13.7% |
| Furniture and vehicles | 24 | €295,578 | €223,700 | -€71,878 | -24.3% |
| Leasing and similar rights | 25 | €16,178 | €8,716 | -€7,462 | -46.1% |
| Financial fixed assets | 28 | €17,442 | €17,442 | = | 0.0% |
| Current assets | 29/58 | €12,535,987 | €13,427,436 | +€891,449 | +7.1% |
| Amounts receivable after more than one year | 29 | €635,000 | €635,000 | = | 0.0% |
| Trade receivables | 290 | €635,000 | €635,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,742,251 | €3,057,503 | +€315,252 | +11.5% |
| Stocks | 30/36 | €2,742,251 | €3,057,503 | +€315,252 | +11.5% |
| Amounts receivable within one year | 40/41 | €3,232,903 | €3,101,382 | -€131,521 | -4.1% |
| Trade receivables | 40 | €2,713,280 | €2,796,528 | +€83,248 | +3.1% |
| Other amounts receivable | 41 | €519,623 | €304,854 | -€214,768 | -41.3% |
| Current investments | 50/53 | €2,024,641 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €3,860,751 | €6,531,034 | +€2.7m | +69.2% |
| Deferred charges and accrued income | 490/1 | €40,442 | €102,517 | +€62,075 | +153.5% |
| Total equity and liabilities | 10/49 | €15,342,780 | €16,219,972 | +€877,193 | +5.7% |
| Equity | 10/15 | €12,657,389 | €13,944,108 | +€1.3m | +10.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €376,384 | €376,384 | = | 0.0% |
| Reserves | 13 | €12,156,005 | €13,442,724 | +€1.3m | +10.6% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,136,700 | €865,493 | -€271,207 | -23.9% |
| Distributable reserves | 133 | €11,006,805 | €12,564,731 | +€1.6m | +14.2% |
| Provisions and deferred taxes | 16 | €32,344 | €31,109 | -€1,235 | -3.8% |
| Provisions for liabilities and charges | 160/5 | €32,344 | €31,109 | -€1,235 | -3.8% |
| Other liabilities and charges | 164/5 | €32,344 | €31,109 | -€1,235 | -3.8% |
| Amounts payable | 17/49 | €2,653,047 | €2,244,755 | -€408,292 | -15.4% |
| Amounts payable after more than one year | 17 | €264,525 | €133,195 | -€131,330 | -49.6% |
| Financial debts | 170/4 | €264,525 | €133,195 | -€131,330 | -49.6% |
| Amounts payable within one year | 42/48 | €2,359,063 | €2,083,012 | -€276,052 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €173,321 | €557,545 | +€384,224 | +221.7% |
| Trade debts | 44 | €1,166,740 | €558,049 | -€608,690 | -52.2% |
| Suppliers | 440/4 | €1,166,740 | €558,049 | -€608,690 | -52.2% |
| Advances received on contracts in progress | 46 | €22,321 | €66,362 | +€44,042 | +197.3% |
| Taxes, remuneration and social security | 45 | €396,682 | €301,054 | -€95,627 | -24.1% |
| Taxes | 450/3 | €192,644 | €90,235 | -€102,409 | -53.2% |
| Remuneration and social security | 454/9 | €204,038 | €210,819 | +€6,781 | +3.3% |
| Other amounts payable | 47/48 | €600,000 | €600,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €29,458 | €28,548 | -€910 | -3.1% |
| Non-recurring operating income | 76A | €15,574 | - | -€15,574 | |
| Remuneration, social security and pensions | 62 | €2,088,485 | €2,234,628 | +€146,144 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,882 | €326,096 | +€72,214 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€104,104 | -€1,235 | +€102,869 | +98.8% |
| Other operating charges | 640/8 | €38,994 | €37,779 | -€1,215 | -3.1% |
| Non-recurring operating charges | 66A | €244 | - | -€244 | |
| Gross operating margin | 9900 | €5,577,489 | €5,250,272 | -€327,217 | -5.9% |
| Operating profit (loss) | 9901 | €3,299,988 | €2,653,003 | -€646,985 | -19.6% |
| Financial income | 75/76B | €204,883 | €140,312 | -€64,570 | -31.5% |
| Recurring financial income | 75 | €204,883 | €140,312 | -€64,570 | -31.5% |
| Financial charges | 65/66B | €197,177 | €380,842 | +€183,666 | +93.1% |
| Recurring financial charges | 65 | €197,177 | €380,842 | +€183,666 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €3,307,695 | €2,412,473 | -€895,221 | -27.1% |
| Income taxes | 67/77 | €757,336 | €525,754 | -€231,581 | -30.6% |
| Profit (loss) for the period | 9904 | €2,550,359 | €1,886,719 | -€663,640 | -26.0% |
| Transfer from tax-exempt reserves | 789 | - | €271,207 | +€271,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,550,359 | €2,157,926 | -€392,433 | -15.4% |
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 7 October 2026 via checked.be.