Handle With Care: 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.
Handle With Care
Largest movements
- Tangible fixed assets -€51,889
down €51,889 (-6.5%), from €799,276 to €747,386
of which Furniture and vehicles: -€26,115
- Cash +€35,411
up €35,411 (+331%), from €10,683 to €46,094
mainly Net result for the year (+€180,206) and Depreciation (+€51,889)
- Reserves +€170,206
up €170,206 (+32.3%), from €527,141 to €697,347
of which Distributable reserves: +€175,258
- Other debts -€158,891
down €158,891 (-100%), from €158,891 to €0
- Debts after one year -€57,287
down €57,287 (-15.6%), from €366,274 to €308,987
- Tax, wage and social debts +€16,007
up €16,007 (+50.4%), from €31,785 to €47,792
of which Taxes: +€16,007
- Financial income +€177,166
up €177,166 (+36,909,577%), from €0 to €177,166
- Taxes +€24,480
up €24,480 (+393%), from €6,227 to €30,707
- Gross operating margin +€16,980
up €16,980 (+17.7%), from €95,739 to €112,720
- Depreciation +€6,117
up €6,117 (+13.4%), from €45,772 to €51,889
- Financial charges -€5,104
down €5,104 (-18.5%), from €27,519 to €22,416
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 | €1,434,265 | €1,403,433 | -€30,833 | -2.1% |
| Fixed assets | 21/28 | €1,371,016 | €1,316,626 | -€54,389 | -4.0% |
| Tangible fixed assets | 22/27 | €799,276 | €747,386 | -€51,889 | -6.5% |
| Land and buildings | 22 | €695,786 | €670,011 | -€25,775 | -3.7% |
| Furniture and vehicles | 24 | €103,490 | €77,375 | -€26,115 | -25.2% |
| Financial fixed assets | 28 | €571,740 | €569,240 | -€2,500 | -0.4% |
| Current assets | 29/58 | €63,250 | €86,806 | +€23,557 | +37.2% |
| Amounts receivable within one year | 40/41 | €49,142 | €37,509 | -€11,633 | -23.7% |
| Trade receivables | 40 | €42,277 | €37,285 | -€4,992 | -11.8% |
| Other amounts receivable | 41 | €6,865 | €224 | -€6,641 | -96.7% |
| Cash at bank and in hand | 54/58 | €10,683 | €46,094 | +€35,411 | +331% |
| Deferred charges and accrued income | 490/1 | €3,425 | €3,204 | -€221 | -6.4% |
| Total equity and liabilities | 10/49 | €1,434,265 | €1,403,433 | -€30,833 | -2.1% |
| Equity | 10/15 | €799,541 | €969,747 | +€170,206 | +21.3% |
| Contributions | 10/11 | €272,400 | €272,400 | = | 0.0% |
| Reserves | 13 | €527,141 | €697,347 | +€170,206 | +32.3% |
| Tax-exempt reserves | 132 | €68,083 | €63,031 | -€5,052 | -7.4% |
| Distributable reserves | 133 | €459,059 | €634,316 | +€175,258 | +38.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €17,478 | €16,215 | -€1,263 | -7.2% |
| Deferred taxes | 168 | €17,478 | €16,215 | -€1,263 | -7.2% |
| Amounts payable | 17/49 | €617,246 | €417,470 | -€199,776 | -32.4% |
| Amounts payable after more than one year | 17 | €366,274 | €308,987 | -€57,287 | -15.6% |
| Financial debts | 170/4 | €366,274 | €308,987 | -€57,287 | -15.6% |
| Amounts payable within one year | 42/48 | €250,971 | €108,483 | -€142,488 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €55,821 | €57,287 | +€1,466 | +2.6% |
| Trade debts | 44 | €4,474 | €3,404 | -€1,070 | -23.9% |
| Suppliers | 440/4 | €4,474 | €3,404 | -€1,070 | -23.9% |
| Taxes, remuneration and social security | 45 | €31,785 | €47,792 | +€16,007 | +50.4% |
| Taxes | 450/3 | €29,485 | €45,492 | +€16,007 | +54.3% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €158,891 | €0 | -€158,891 | -100% |
| Non-recurring operating income | 76A | €1,414 | €0 | -€1,414 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,772 | €51,889 | +€6,117 | +13.4% |
| Other operating charges | 640/8 | €10,286 | €5,931 | -€4,355 | -42.3% |
| Gross operating margin | 9900 | €95,739 | €112,720 | +€16,980 | +17.7% |
| Operating profit (loss) | 9901 | €39,681 | €54,899 | +€15,218 | +38.4% |
| Financial income | 75/76B | €0 | €177,166 | +€177,166 | +36,909,577% |
| Recurring financial income | 75 | €0 | €177,166 | +€177,166 | +36,909,577% |
| Financial charges | 65/66B | €27,519 | €22,416 | -€5,104 | -18.5% |
| Recurring financial charges | 65 | €27,519 | €22,416 | -€5,104 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €12,162 | €209,650 | +€197,488 | +1,624% |
| Transfer from deferred taxes | 780 | €1,196 | €1,263 | +€67 | +5.6% |
| Income taxes | 67/77 | €6,227 | €30,707 | +€24,480 | +393% |
| Profit (loss) for the period | 9904 | €7,132 | €180,206 | +€173,074 | +2,427% |
| Transfer from tax-exempt reserves | 789 | €4,784 | €5,052 | +€267 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,916 | €185,258 | +€173,341 | +1,455% |
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 29 October 2026 via checked.be.