HANDIG: 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.
HANDIG
Largest movements
- Cash +€130,432
up €130,432 (+131.6%), from €99,133 to €229,565
mainly Net result for the year (+€135,396) and Tax, wage and social debts (+€40,894)
- Receivables within one year +€47,042
up €47,042 (+328.6%), from €14,315 to €61,358
of which Other amounts receivable: +€49,858
- Reserves +€135,396
up €135,396 (+106.6%), from €127,019 to €262,415
- Tax, wage and social debts +€40,894
up €40,894 (+85.1%), from €48,036 to €88,930
- Trade debts +€3,981
new in 2025: €3,981
- Gross operating margin +€16,689
up €16,689 (+10.6%), from €156,902 to €173,591
- Taxes -€7,142
down €7,142 (-14.9%), from €48,036 to €40,894
- Financial income +€2,517
up €2,517 (+349.6%), from €720 to €3,237
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 | €177,556 | €357,826 | +€180,270 | +101.5% |
| Fixed assets | 21/28 | - | €958 | +€958 | |
| Tangible fixed assets | 22/27 | - | €958 | +€958 | |
| Furniture and vehicles | 24 | - | €958 | +€958 | |
| Current assets | 29/58 | €177,556 | €356,868 | +€179,312 | +101.0% |
| Amounts receivable within one year | 40/41 | €14,315 | €61,358 | +€47,042 | +328.6% |
| Trade receivables | 40 | €2,815 | - | -€2,815 | |
| Other amounts receivable | 41 | €11,500 | €61,358 | +€49,858 | +433.5% |
| Cash at bank and in hand | 54/58 | €99,133 | €229,565 | +€130,432 | +131.6% |
| Deferred charges and accrued income | 490/1 | €64,108 | €65,946 | +€1,838 | +2.9% |
| Total equity and liabilities | 10/49 | €177,556 | €357,826 | +€180,270 | +101.5% |
| Equity | 10/15 | €129,519 | €264,915 | +€135,396 | +104.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €127,019 | €262,415 | +€135,396 | +106.6% |
| Distributable reserves | 133 | €127,019 | €262,415 | +€135,396 | +106.6% |
| Amounts payable | 17/49 | €48,036 | €92,911 | +€44,874 | +93.4% |
| Amounts payable within one year | 42/48 | €48,036 | €92,911 | +€44,874 | +93.4% |
| Trade debts | 44 | - | €3,981 | +€3,981 | |
| Suppliers | 440/4 | - | €3,981 | +€3,981 | |
| Taxes, remuneration and social security | 45 | €48,036 | €88,930 | +€40,894 | +85.1% |
| Taxes | 450/3 | €48,036 | €88,930 | +€40,894 | +85.1% |
| Non-recurring operating income | 76A | €1,114 | - | -€1,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €105 | +€105 | |
| Other operating charges | 640/8 | €273 | €271 | -€2 | -0.8% |
| Gross operating margin | 9900 | €156,902 | €173,591 | +€16,689 | +10.6% |
| Operating profit (loss) | 9901 | €156,629 | €173,215 | +€16,586 | +10.6% |
| Financial income | 75/76B | €720 | €3,237 | +€2,517 | +349.6% |
| Recurring financial income | 75 | €720 | €3,237 | +€2,517 | +349.6% |
| Financial charges | 65/66B | €269 | €163 | -€106 | -39.4% |
| Recurring financial charges | 65 | €269 | €163 | -€106 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €157,081 | €176,290 | +€19,209 | +12.2% |
| Income taxes | 67/77 | €48,036 | €40,894 | -€7,142 | -14.9% |
| Profit (loss) for the period | 9904 | €109,044 | €135,396 | +€26,352 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,044 | €135,396 | +€26,352 | +24.2% |
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 2 October 2026 via checked.be.