HANDIRI HOLDING: 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.
What changed
HANDIRI HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€58,952
2024 · €45,926+€13,026
Equity
€442,444
2024 · €383,492+€58,952
Cash
€1,897
2024 · €4,128-€2,232
Balance sheet total
€2.2m
2024 · €2.2m-€5,963
Largest movements
Assets
- Tangible fixed assets -€42,146
down €42,146 (-1.9%), from €2.2m to €2.1m
- Receivables within one year +€28,400
up €28,400 (+170%), from €16,734 to €45,134
of which Trade receivables: +€28,400
Equity and liabilities
- Debts after one year -€64,670
down €64,670 (-5.2%), from €1.2m to €1.2m
of which Financial debts: -€145,263
- Profit (loss) carried forward +€61,953
up €61,953, from -€8,521 to €53,431
Income statement
- Gross operating margin +€47,922
up €47,922 (+23.5%), from €204,090 to €252,012
- Taxes +€19,779
new in 2025: €19,779
- Depreciation +€15,093
up €15,093 (+14.1%), from €107,216 to €122,309
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
€45,926
Gross operating margin
+€47,922
Depreciation
-€15,093
Other operating charges
-€611
Financial charges
+€586
Taxes
-€19,779
Result 2025
€58,952
raises the resultlowers the result
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.
From operations
+€124,295
Investment
-€80,163
Financing
-€46,363
Cash 2024
€4,128
From operations (derived)
+€124,295
Net result for the year
+€58,952
Depreciation
+€122,309
Receivables after one year
-€10,350
Receivables within one year
-€28,400
Deferred charges and accrued income
+€336
Provisions
-€1,545
Trade debts
+€3,329
Tax, wage and social debts
-€871
Other debts
-€7,995
Accrued charges and deferred income
-€11,469
Investment (derived)
-€80,163
Investment in fixed assets (net)
-€80,163
Financing
-€46,363
Debts after one year
-€64,670
Current portion of long-term debt
+€2,307
Short-term financial debts
+€16,000
Cash 2025
€1,897
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,200,729 | €2,194,766 | -€5,963 | -0.3% |
| Fixed assets | 21/28 | €2,179,161 | €2,137,015 | -€42,146 | -1.9% |
| Tangible fixed assets | 22/27 | €2,178,851 | €2,136,705 | -€42,146 | -1.9% |
| Land and buildings | 22 | €2,178,851 | €2,136,705 | -€42,146 | -1.9% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €21,568 | €57,751 | +€36,183 | +168% |
| Amounts receivable after more than one year | 29 | - | €10,350 | +€10,350 | |
| Trade receivables | 290 | - | €10,350 | +€10,350 | |
| Amounts receivable within one year | 40/41 | €16,734 | €45,134 | +€28,400 | +170% |
| Trade receivables | 40 | €16,500 | €44,900 | +€28,400 | +172% |
| Other amounts receivable | 41 | €234 | €234 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,128 | €1,897 | -€2,232 | -54.1% |
| Deferred charges and accrued income | 490/1 | €706 | €370 | -€336 | -47.6% |
| Total equity and liabilities | 10/49 | €2,200,729 | €2,194,766 | -€5,963 | -0.3% |
| Equity | 10/15 | €383,492 | €442,444 | +€58,952 | +15.4% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €42,014 | €39,013 | -€3,001 | -7.1% |
| Tax-exempt reserves | 132 | €42,014 | €39,013 | -€3,001 | -7.1% |
| Profit (loss) carried forward | 14 | -€8,521 | €53,431 | +€61,953 | |
| Provisions and deferred taxes | 16 | €21,634 | €20,088 | -€1,545 | -7.1% |
| Deferred taxes | 168 | €21,634 | €20,088 | -€1,545 | -7.1% |
| Amounts payable | 17/49 | €1,795,603 | €1,732,233 | -€63,370 | -3.5% |
| Amounts payable after more than one year | 17 | €1,248,015 | €1,183,345 | -€64,670 | -5.2% |
| Financial debts | 170/4 | €1,171,110 | €1,025,848 | -€145,263 | -12.4% |
| Other amounts payable | 178/9 | €76,905 | €157,497 | +€80,592 | +105% |
| Amounts payable within one year | 42/48 | €529,488 | €542,258 | +€12,770 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €142,955 | €145,263 | +€2,307 | +1.6% |
| Financial debts | 43 | - | €16,000 | +€16,000 | |
| Credit institutions | 430/8 | - | €16,000 | +€16,000 | |
| Trade debts | 44 | €4,158 | €7,487 | +€3,329 | +80.1% |
| Suppliers | 440/4 | €4,158 | €7,487 | +€3,329 | +80.1% |
| Taxes, remuneration and social security | 45 | €4,650 | €3,779 | -€871 | -18.7% |
| Taxes | 450/3 | €4,650 | €3,779 | -€871 | -18.7% |
| Other amounts payable | 47/48 | €377,724 | €369,729 | -€7,995 | -2.1% |
| Accrued charges and deferred income | 492/3 | €18,100 | €6,631 | -€11,469 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,216 | €122,309 | +€15,093 | +14.1% |
| Other operating charges | 640/8 | €19,662 | €20,274 | +€611 | +3.1% |
| Gross operating margin | 9900 | €204,090 | €252,012 | +€47,922 | +23.5% |
| Operating profit (loss) | 9901 | €77,211 | €109,429 | +€32,218 | +41.7% |
| Financial charges | 65/66B | €32,831 | €32,244 | -€586 | -1.8% |
| Recurring financial charges | 65 | €32,831 | €32,244 | -€586 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €44,381 | €77,185 | +€32,804 | +73.9% |
| Transfer from deferred taxes | 780 | €1,545 | €1,545 | = | 0.0% |
| Income taxes | 67/77 | - | €19,779 | +€19,779 | |
| Profit (loss) for the period | 9904 | €45,926 | €58,952 | +€13,026 | +28.4% |
| Transfer from tax-exempt reserves | 789 | €3,001 | €3,001 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,927 | €61,953 | +€13,026 | +26.6% |
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 25 October 2026 via checked.be.