HANDIFLUID: 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.
HANDIFLUID
Largest movements
- Cash +€89,676
up €89,676 (+90.7%), from €98,833 to €188,509
mainly Other debts (+€223,114) and Net result for the year (+€155,777)
- Receivables within one year +€19,485
up €19,485 (+86.2%), from €22,593 to €42,077
of which Trade receivables: +€20,919
- Current investments +€14,798
up €14,798 (+23,333%), from €63 to €14,861
- Tangible fixed assets -€3,468
down €3,468 (-14.4%), from €24,026 to €20,558
of which Other tangible fixed assets: -€2,716
- Other debts +€223,114
up €223,114 (+27,837%), from €802 to €223,916
- Reserves -€102,147
down €102,147 (-79.8%), from €127,924 to €25,777
- Gross operating margin +€54,728
up €54,728 (+35.3%), from €154,838 to €209,566
- Taxes +€13,155
up €13,155 (+38.2%), from €34,436 to €47,591
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 | €145,515 | €267,239 | +€121,724 | +83.7% |
| Fixed assets | 21/28 | €24,026 | €20,558 | -€3,468 | -14.4% |
| Tangible fixed assets | 22/27 | €24,026 | €20,558 | -€3,468 | -14.4% |
| Plant, machinery and equipment | 23 | €3,166 | €2,556 | -€610 | -19.3% |
| Furniture and vehicles | 24 | €565 | €424 | -€141 | -25.0% |
| Other tangible fixed assets | 26 | €20,294 | €17,578 | -€2,716 | -13.4% |
| Current assets | 29/58 | €121,489 | €246,681 | +€125,192 | +103% |
| Amounts receivable within one year | 40/41 | €22,593 | €42,077 | +€19,485 | +86.2% |
| Trade receivables | 40 | €9,479 | €30,398 | +€20,919 | +221% |
| Other amounts receivable | 41 | €13,113 | €11,679 | -€1,434 | -10.9% |
| Current investments | 50/53 | €63 | €14,861 | +€14,798 | +23,333% |
| Cash at bank and in hand | 54/58 | €98,833 | €188,509 | +€89,676 | +90.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,233 | +€1,233 | |
| Total equity and liabilities | 10/49 | €145,515 | €267,239 | +€121,724 | +83.7% |
| Equity | 10/15 | €127,925 | €25,778 | -€102,147 | -79.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €127,924 | €25,777 | -€102,147 | -79.8% |
| Distributable reserves | 133 | €127,924 | €25,777 | -€102,147 | -79.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,590 | €241,460 | +€223,871 | +1,273% |
| Amounts payable within one year | 42/48 | €17,590 | €241,460 | +€223,871 | +1,273% |
| Trade debts | 44 | €1,768 | €1,232 | -€536 | -30.3% |
| Suppliers | 440/4 | €1,768 | €1,232 | -€536 | -30.3% |
| Taxes, remuneration and social security | 45 | €15,021 | €16,313 | +€1,292 | +8.6% |
| Taxes | 450/3 | €15,021 | €16,313 | +€1,292 | +8.6% |
| Other amounts payable | 47/48 | €802 | €223,916 | +€223,114 | +27,837% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,468 | €3,468 | = | 0.0% |
| Other operating charges | 640/8 | €1,141 | €2,407 | +€1,266 | +111% |
| Gross operating margin | 9900 | €154,838 | €209,566 | +€54,728 | +35.3% |
| Operating profit (loss) | 9901 | €150,229 | €203,692 | +€53,462 | +35.6% |
| Financial income | 75/76B | €22 | €1 | -€21 | -93.9% |
| Recurring financial income | 75 | €22 | €1 | -€21 | -93.9% |
| Financial charges | 65/66B | €148 | €325 | +€177 | +120% |
| Recurring financial charges | 65 | €148 | €325 | +€177 | +120% |
| Profit (loss) for the period before taxes | 9903 | €150,104 | €203,368 | +€53,264 | +35.5% |
| Income taxes | 67/77 | €34,436 | €47,591 | +€13,155 | +38.2% |
| Profit (loss) for the period | 9904 | €115,668 | €155,777 | +€40,110 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,668 | €155,777 | +€40,110 | +34.7% |
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 16 October 2026 via checked.be.