HANDLE WITH CARE PROJECT: 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 PROJECT
Largest movements
- Cash -€27,342
down €27,342 (-35.7%), from €76,491 to €49,150
mainly Receivables within one year (-€25,897) and Debts after one year (-€10,226)
- Receivables within one year +€25,897
up €25,897 (+55.1%), from €46,988 to €72,885
of which Trade receivables: +€16,134
- Tangible fixed assets -€15,174
down €15,174 (-34.1%), from €44,535 to €29,360
of which Furniture and vehicles: -€10,803
- Deferred charges and accrued income -€3,474
down €3,474 (-46.6%), from €7,458 to €3,984
- Stocks and contracts -€3,003
down €3,003 (-15.9%), from €18,921 to €15,918
- Debts after one year -€10,226
down €10,226 (-59.3%), from €17,243 to €7,017
- Advances received -€8,000
no longer reported in 2025 (was €8,000)
- Trade debts -€7,330
down €7,330 (-7.3%), from €100,399 to €93,069
- Tax, wage and social debts +€6,604
up €6,604 (+1,332%), from €496 to €7,099
- Other debts -€4,729
down €4,729 (-78.1%), from €6,055 to €1,326
- Gross operating margin -€26,553
down €26,553 (-44.8%), from €59,207 to €32,654
- Taxes +€11,188
up €11,188 (+768%), from €1,458 to €12,646
- Write-downs -€7,270
no longer reported in 2025 (was €7,270)
- Financial charges -€1,378
down €1,378 (-54.9%), from €2,511 to €1,133
- Other operating charges -€1,055
down €1,055 (-29.7%), from €3,555 to €2,501
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 | €205,342 | €182,246 | -€23,096 | -11.2% |
| Fixed assets | 21/28 | €55,485 | €40,310 | -€15,174 | -27.3% |
| Tangible fixed assets | 22/27 | €44,535 | €29,360 | -€15,174 | -34.1% |
| Plant, machinery and equipment | 23 | €16,626 | €12,254 | -€4,372 | -26.3% |
| Furniture and vehicles | 24 | €27,909 | €17,106 | -€10,803 | -38.7% |
| Financial fixed assets | 28 | €10,950 | €10,950 | = | 0.0% |
| Current assets | 29/58 | €149,857 | €141,936 | -€7,922 | -5.3% |
| Stocks and contracts in progress | 3 | €18,921 | €15,918 | -€3,003 | -15.9% |
| Stocks | 30/36 | €18,921 | €15,918 | -€3,003 | -15.9% |
| Amounts receivable within one year | 40/41 | €46,988 | €72,885 | +€25,897 | +55.1% |
| Trade receivables | 40 | €27,365 | €43,498 | +€16,134 | +59.0% |
| Other amounts receivable | 41 | €19,623 | €29,386 | +€9,763 | +49.8% |
| Cash at bank and in hand | 54/58 | €76,491 | €49,150 | -€27,342 | -35.7% |
| Deferred charges and accrued income | 490/1 | €7,458 | €3,984 | -€3,474 | -46.6% |
| Total equity and liabilities | 10/49 | €205,342 | €182,246 | -€23,096 | -11.2% |
| Equity | 10/15 | €63,270 | €63,484 | +€214 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,270 | €58,270 | = | 0.0% |
| Distributable reserves | 133 | €58,270 | €58,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €214 | +€214 | |
| Amounts payable | 17/49 | €142,072 | €118,762 | -€23,310 | -16.4% |
| Amounts payable after more than one year | 17 | €17,243 | €7,017 | -€10,226 | -59.3% |
| Financial debts | 170/4 | €17,243 | €7,017 | -€10,226 | -59.3% |
| Amounts payable within one year | 42/48 | €124,828 | €111,721 | -€13,108 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €9,879 | €10,226 | +€348 | +3.5% |
| Trade debts | 44 | €100,399 | €93,069 | -€7,330 | -7.3% |
| Suppliers | 440/4 | €100,399 | €93,069 | -€7,330 | -7.3% |
| Advances received on contracts in progress | 46 | €8,000 | - | -€8,000 | |
| Taxes, remuneration and social security | 45 | €496 | €7,099 | +€6,604 | +1,332% |
| Taxes | 450/3 | €496 | €7,099 | +€6,604 | +1,332% |
| Other amounts payable | 47/48 | €6,055 | €1,326 | -€4,729 | -78.1% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,551 | €16,424 | -€126 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,270 | - | -€7,270 | |
| Other operating charges | 640/8 | €3,555 | €2,501 | -€1,055 | -29.7% |
| Gross operating margin | 9900 | €59,207 | €32,654 | -€26,553 | -44.8% |
| Operating profit (loss) | 9901 | €31,831 | €13,729 | -€18,101 | -56.9% |
| Financial income | 75/76B | €1,194 | €263 | -€931 | -77.9% |
| Recurring financial income | 75 | €1,194 | €263 | -€931 | -77.9% |
| Financial charges | 65/66B | €2,511 | €1,133 | -€1,378 | -54.9% |
| Recurring financial charges | 65 | €2,511 | €1,133 | -€1,378 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €30,514 | €12,860 | -€17,654 | -57.9% |
| Income taxes | 67/77 | €1,458 | €12,646 | +€11,188 | +768% |
| Profit (loss) for the period | 9904 | €29,056 | €214 | -€28,842 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,056 | €214 | -€28,842 | -99.3% |
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 30 October 2026 via checked.be.