HANDJES: 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.
HANDJES
Largest movements
- Deferred charges and accrued income -€217,242
down €217,242 (-99.8%), from €217,592 to €350
- Receivables within one year +€175,408
up €175,408 (+556.6%), from €31,515 to €206,922
of which Other amounts receivable: +€178,963
- Tangible fixed assets -€7,726
down €7,726 (-32.8%), from €23,579 to €15,853
- Other debts -€42,746
down €42,746 (-100.0%), from €42,746 to €0
- Tax, wage and social debts -€35,707
down €35,707 (-62.7%), from €56,922 to €21,215
- Reserves +€35,611
up €35,611 (+25.8%), from €137,949 to €173,560
of which Distributable reserves: +€37,471
- Trade debts -€8,372
down €8,372 (-29.0%), from €28,918 to €20,546
- Gross operating margin -€84,211
down €84,211 (-53.9%), from €156,346 to €72,135
- Taxes -€23,603
down €23,603 (-47.2%), from €50,021 to €26,418
- Depreciation +€5,868
up €5,868 (+184.6%), from €3,179 to €9,047
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 | €272,735 | €223,441 | -€49,294 | -18.1% |
| Fixed assets | 21/28 | €23,579 | €15,853 | -€7,726 | -32.8% |
| Tangible fixed assets | 22/27 | €23,579 | €15,853 | -€7,726 | -32.8% |
| Furniture and vehicles | 24 | €23,579 | €15,853 | -€7,726 | -32.8% |
| Current assets | 29/58 | €249,157 | €207,588 | -€41,568 | -16.7% |
| Amounts receivable within one year | 40/41 | €31,515 | €206,922 | +€175,408 | +556.6% |
| Trade receivables | 40 | €31,515 | €27,959 | -€3,556 | -11.3% |
| Other amounts receivable | 41 | €0 | €178,963 | +€178,963 | |
| Cash at bank and in hand | 54/58 | €50 | €316 | +€266 | +528.9% |
| Deferred charges and accrued income | 490/1 | €217,592 | €350 | -€217,242 | -99.8% |
| Total equity and liabilities | 10/49 | €272,735 | €223,441 | -€49,294 | -18.1% |
| Equity | 10/15 | €144,149 | €179,760 | +€35,611 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,949 | €173,560 | +€35,611 | +25.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €136,089 | €173,560 | +€37,471 | +27.5% |
| Amounts payable | 17/49 | €128,587 | €43,681 | -€84,906 | -66.0% |
| Amounts payable within one year | 42/48 | €128,587 | €43,681 | -€84,906 | -66.0% |
| Financial debts | 43 | - | €1,920 | +€1,920 | |
| Credit institutions | 430/8 | - | €1,920 | +€1,920 | |
| Trade debts | 44 | €28,918 | €20,546 | -€8,372 | -29.0% |
| Suppliers | 440/4 | €28,918 | €20,546 | -€8,372 | -29.0% |
| Taxes, remuneration and social security | 45 | €56,922 | €21,215 | -€35,707 | -62.7% |
| Taxes | 450/3 | €56,922 | €21,215 | -€35,707 | -62.7% |
| Other amounts payable | 47/48 | €42,746 | €0 | -€42,746 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,179 | €9,047 | +€5,868 | +184.6% |
| Other operating charges | 640/8 | €645 | €504 | -€141 | -21.9% |
| Gross operating margin | 9900 | €156,346 | €72,135 | -€84,211 | -53.9% |
| Operating profit (loss) | 9901 | €152,522 | €62,585 | -€89,938 | -59.0% |
| Financial charges | 65/66B | €113 | €555 | +€442 | +390.9% |
| Recurring financial charges | 65 | €113 | €555 | +€442 | +390.9% |
| Profit (loss) for the period before taxes | 9903 | €152,409 | €62,029 | -€90,380 | -59.3% |
| Income taxes | 67/77 | €50,021 | €26,418 | -€23,603 | -47.2% |
| Profit (loss) for the period | 9904 | €102,388 | €35,611 | -€66,777 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,388 | €35,611 | -€66,777 | -65.2% |
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 3 October 2026 via checked.be.