Handivage: 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.
Handivage
Largest movements
- Stocks and contracts +€91,897
new in 2025: €91,897
- Receivables within one year -€17,396
down €17,396 (-81.8%), from €21,258 to €3,862
- Intangible fixed assets +€2,362
new in 2025: €2,362
- Cash -€1,803
down €1,803 (-80.3%), from €2,245 to €441
mainly Stocks and contracts (-€91,897) and Net result for the year (-€9,565)
- Other debts +€46,008
new in 2025: €46,008
- Debts after one year +€37,692
new in 2025: €37,692
- Profit (loss) carried forward -€9,565
down €9,565 (-99.2%), from €9,640 to €76
- Gross operating margin -€7,484
down €7,484 (-1,050%), from -€713 to -€8,197
- Financial income -€1,203
down €1,203 (-99.6%), from €1,207 to €5
- Depreciation +€638
up €638 (+297%), from €215 to €853
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 | €23,784 | €98,628 | +€74,844 | +315% |
| Fixed assets | 21/28 | €281 | €2,428 | +€2,147 | +763% |
| Intangible fixed assets | 21 | - | €2,362 | +€2,362 | |
| Tangible fixed assets | 22/27 | €281 | €66 | -€215 | -76.4% |
| Furniture and vehicles | 24 | €281 | €66 | -€215 | -76.4% |
| Current assets | 29/58 | €23,503 | €96,200 | +€72,698 | +309% |
| Stocks and contracts in progress | 3 | - | €91,897 | +€91,897 | |
| Stocks | 30/36 | - | €91,897 | +€91,897 | |
| Amounts receivable within one year | 40/41 | €21,258 | €3,862 | -€17,396 | -81.8% |
| Other amounts receivable | 41 | €21,258 | €3,862 | -€17,396 | -81.8% |
| Cash at bank and in hand | 54/58 | €2,245 | €441 | -€1,803 | -80.3% |
| Total equity and liabilities | 10/49 | €23,784 | €98,628 | +€74,844 | +315% |
| Equity | 10/15 | €10,140 | €576 | -€9,565 | -94.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,640 | €76 | -€9,565 | -99.2% |
| Amounts payable | 17/49 | €13,643 | €98,052 | +€84,409 | +619% |
| Amounts payable after more than one year | 17 | - | €37,692 | +€37,692 | |
| Financial debts | 170/4 | - | €37,692 | +€37,692 | |
| Amounts payable within one year | 42/48 | €13,643 | €60,360 | +€46,717 | +342% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €13,500 | = | 0.0% |
| Trade debts | 44 | €143 | €852 | +€709 | +495% |
| Suppliers | 440/4 | €143 | €852 | +€709 | +495% |
| Other amounts payable | 47/48 | - | €46,008 | +€46,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €853 | +€638 | +297% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€713 | -€8,197 | -€7,484 | -1,050% |
| Operating profit (loss) | 9901 | -€1,315 | -€9,450 | -€8,135 | -618% |
| Financial income | 75/76B | €1,207 | €5 | -€1,203 | -99.6% |
| Recurring financial income | 75 | €1,207 | €5 | -€1,203 | -99.6% |
| Financial charges | 65/66B | €125 | €119 | -€5 | -4.2% |
| Recurring financial charges | 65 | €125 | €119 | -€5 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€233 | -€9,565 | -€9,332 | -4,010% |
| Profit (loss) for the period | 9904 | -€233 | -€9,565 | -€9,332 | -4,010% |
| Profit (loss) for the period to be appropriated | 9905 | -€233 | -€9,565 | -€9,332 | -4,010% |
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 18 October 2026 via checked.be.