HANDS: 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.
HANDS
Largest movements
- Current assets +€21,610
up €21,610 (+2.3%), from €924,667 to €946,276
of which Receivables within one year: +€24,559
- Tangible fixed assets -€10,400
down €10,400 (-17.2%), from €60,517 to €50,117
- Contributions +€257,100
new in 2021: €257,100
- Reserves -€257,100
down €257,100 (-49.0%), from €524,882 to €267,782
- Profit (loss) carried forward +€11,210
up €11,210 (+2.4%), from €457,746 to €468,956
- Gross operating margin -€6,177
down €6,177 (-13.5%), from €45,846 to €39,669
- Financial income +€5,986
new in 2021: €5,986
- Taxes -€5,494
down €5,494 (-20.8%), from €26,465 to €20,972
- Other operating charges +€2,919
new in 2021: €2,919
- Depreciation -€747
down €747 (-6.7%), from €11,147 to €10,400
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €985,184 | €996,393 | +€11,210 | +1.1% |
| Fixed assets | 21/28 | €60,517 | €50,117 | -€10,400 | -17.2% |
| Tangible fixed assets | 22/27 | €60,517 | €50,117 | -€10,400 | -17.2% |
| Land and buildings | 22 | - | €50,117 | +€50,117 | |
| Current assets | 29/58 | €924,667 | €946,276 | +€21,610 | +2.3% |
| Amounts receivable within one year | 40/41 | €289,997 | €314,556 | +€24,559 | +8.5% |
| Other amounts receivable | 41 | - | €314,556 | +€314,556 | |
| Current investments | 50/53 | €203,600 | €203,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €420,651 | €417,701 | -€2,949 | -0.7% |
| Deferred charges and accrued income | 490/1 | - | €10,419 | +€10,419 | |
| Total equity and liabilities | 10/49 | €985,184 | €996,393 | +€11,210 | +1.1% |
| Equity | 10/15 | €982,628 | €993,838 | +€11,210 | +1.1% |
| Contributions | 10/11 | - | €257,100 | +€257,100 | |
| Outside capital | 11 | - | €257,100 | +€257,100 | |
| Share premium | 1100/10 | - | €257,100 | +€257,100 | |
| Reserves | 13 | €524,882 | €267,782 | -€257,100 | -49.0% |
| Non-distributable reserves | 130/1 | - | €205,460 | +€205,460 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Own shares acquired | 1312 | - | €203,600 | +€203,600 | |
| Tax-exempt reserves | 132 | - | €56,250 | +€56,250 | |
| Distributable reserves | 133 | - | €6,072 | +€6,072 | |
| Profit (loss) carried forward | 14 | €457,746 | €468,956 | +€11,210 | +2.4% |
| Amounts payable | 17/49 | €2,556 | €2,556 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,556 | €2,556 | = | 0.0% |
| Trade debts | 44 | €2,556 | €2,556 | = | 0.0% |
| Suppliers | 440/4 | - | €2,556 | +€2,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,147 | €10,400 | -€747 | -6.7% |
| Other operating charges | 640/8 | - | €2,919 | +€2,919 | |
| Gross operating margin | 9900 | €45,846 | €39,669 | -€6,177 | -13.5% |
| Operating profit (loss) | 9901 | €33,069 | €26,350 | -€6,718 | -20.3% |
| Financial income | 75/76B | - | €5,986 | +€5,986 | |
| Recurring financial income | 75 | €5,690 | €5,986 | +€296 | +5.2% |
| Financial charges | 65/66B | - | €154 | +€154 | |
| Recurring financial charges | 65 | €92 | €154 | +€62 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €38,667 | €32,182 | -€6,485 | -16.8% |
| Income taxes | 67/77 | €26,465 | €20,972 | -€5,494 | -20.8% |
| Profit (loss) for the period | 9904 | €12,201 | €11,210 | -€991 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,201 | €11,210 | -€991 | -8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.