Hands and Wheels: 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.
Hands and Wheels
Largest movements
- Receivables within one year +€54,481
up €54,481 (+37.0%), from €147,092 to €201,573
of which Other amounts receivable: +€53,911
- Tangible fixed assets -€7,681
down €7,681 (-47.1%), from €16,315 to €8,634
- Reserves +€60,070
up €60,070 (+46.5%), from €129,083 to €189,153
- Tax, wage and social debts -€4,986
down €4,986 (-42.6%), from €11,694 to €6,708
- Debts after one year -€3,360
no longer reported in 2025 (was €3,360)
- Current portion of long-term debt -€3,283
down €3,283 (-49.4%), from €6,643 to €3,360
- Short-term financial debts -€2,909
down €2,909 (-24.0%), from €12,116 to €9,207
- Gross operating margin +€9,298
up €9,298 (+14.7%), from €63,185 to €72,483
- Financial income +€8,965
up €8,965 (+132%), from €6,809 to €15,774
- Financial charges -€1,012
down €1,012 (-36.2%), from €2,796 to €1,784
- Other operating charges -€780
down €780 (-36.5%), from €2,135 to €1,355
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 | €163,808 | €211,457 | +€47,649 | +29.1% |
| Fixed assets | 21/28 | €16,315 | €8,634 | -€7,681 | -47.1% |
| Tangible fixed assets | 22/27 | €16,315 | €8,634 | -€7,681 | -47.1% |
| Furniture and vehicles | 24 | €16,315 | €8,634 | -€7,681 | -47.1% |
| Current assets | 29/58 | €147,493 | €202,823 | +€55,330 | +37.5% |
| Amounts receivable within one year | 40/41 | €147,092 | €201,573 | +€54,481 | +37.0% |
| Trade receivables | 40 | €418 | €988 | +€570 | +136% |
| Other amounts receivable | 41 | €146,674 | €200,586 | +€53,911 | +36.8% |
| Cash at bank and in hand | 54/58 | €34 | €1,250 | +€1,217 | +3,632% |
| Deferred charges and accrued income | 490/1 | €367 | - | -€367 | |
| Total equity and liabilities | 10/49 | €163,808 | €211,457 | +€47,649 | +29.1% |
| Equity | 10/15 | €129,083 | €189,153 | +€60,070 | +46.5% |
| Reserves | 13 | €129,083 | €189,153 | +€60,070 | +46.5% |
| Distributable reserves | 133 | €129,083 | €189,153 | +€60,070 | +46.5% |
| Amounts payable | 17/49 | €34,726 | €22,305 | -€12,421 | -35.8% |
| Amounts payable after more than one year | 17 | €3,360 | - | -€3,360 | |
| Financial debts | 170/4 | €3,360 | - | -€3,360 | |
| Amounts payable within one year | 42/48 | €31,365 | €22,305 | -€9,060 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €6,643 | €3,360 | -€3,283 | -49.4% |
| Financial debts | 43 | €12,116 | €9,207 | -€2,909 | -24.0% |
| Credit institutions | 430/8 | €12,116 | €9,207 | -€2,909 | -24.0% |
| Trade debts | 44 | €912 | €3,029 | +€2,117 | +232% |
| Suppliers | 440/4 | €912 | €3,029 | +€2,117 | +232% |
| Taxes, remuneration and social security | 45 | €11,694 | €6,708 | -€4,986 | -42.6% |
| Taxes | 450/3 | €11,694 | €6,708 | -€4,986 | -42.6% |
| Remuneration, social security and pensions | 62 | - | €185 | +€185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,681 | €7,681 | = | 0.0% |
| Other operating charges | 640/8 | €2,135 | €1,355 | -€780 | -36.5% |
| Gross operating margin | 9900 | €63,185 | €72,483 | +€9,298 | +14.7% |
| Operating profit (loss) | 9901 | €53,369 | €63,262 | +€9,893 | +18.5% |
| Financial income | 75/76B | €6,809 | €15,774 | +€8,965 | +132% |
| Recurring financial income | 75 | €6,809 | €15,774 | +€8,965 | +132% |
| Financial charges | 65/66B | €2,796 | €1,784 | -€1,012 | -36.2% |
| Recurring financial charges | 65 | €2,796 | €1,784 | -€1,012 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €57,381 | €77,252 | +€19,871 | +34.6% |
| Income taxes | 67/77 | €17,381 | €17,182 | -€200 | -1.1% |
| Profit (loss) for the period | 9904 | €40,000 | €60,070 | +€20,070 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,000 | €60,070 | +€20,070 | +50.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.