HANDS ON TECH: 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 ON TECH
Largest movements
- Receivables within one year -€78,956
down €78,956 (-47.9%), from €164,920 to €85,964
of which Trade receivables: -€75,633
- Stocks and contracts +€29,950
up €29,950 (+34.7%), from €86,200 to €116,150
- Tangible fixed assets -€10,454
down €10,454 (-6.4%), from €162,355 to €151,901
- Cash +€5,684
up €5,684 (+857%), from €663 to €6,347
mainly Receivables within one year (+€78,956) and Other debts (+€27,460)
- Trade debts -€65,334
down €65,334 (-44.5%), from €146,936 to €81,601
- Other debts +€27,460
up €27,460 (+45.5%), from €60,352 to €87,812
- Debts after one year -€24,000
down €24,000 (-16.0%), from €149,650 to €125,650
- Tax, wage and social debts +€7,891
up €7,891 (+179%), from €4,401 to €12,293
- Gross operating margin +€16,678
up €16,678 (+113%), from €14,796 to €31,474
- Depreciation +€1,784
up €1,784 (+9.1%), from €19,545 to €21,329
- Other operating charges +€1,733
new in 2024: €1,733
- Financial charges +€1,054
up €1,054 (+20.8%), from €5,080 to €6,134
- Taxes +€430
up €430 (+123%), from €349 to €779
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,138 | €361,655 | -€52,483 | -12.7% |
| Fixed assets | 21/28 | €162,355 | €151,901 | -€10,454 | -6.4% |
| Tangible fixed assets | 22/27 | €162,355 | €151,901 | -€10,454 | -6.4% |
| Plant, machinery and equipment | 23 | €162,355 | €151,901 | -€10,454 | -6.4% |
| Current assets | 29/58 | €251,783 | €209,755 | -€42,029 | -16.7% |
| Stocks and contracts in progress | 3 | €86,200 | €116,150 | +€29,950 | +34.7% |
| Stocks | 30/36 | €86,200 | €116,150 | +€29,950 | +34.7% |
| Amounts receivable within one year | 40/41 | €164,920 | €85,964 | -€78,956 | -47.9% |
| Trade receivables | 40 | €161,597 | €85,964 | -€75,633 | -46.8% |
| Other amounts receivable | 41 | €3,323 | - | -€3,323 | |
| Cash at bank and in hand | 54/58 | €663 | €6,347 | +€5,684 | +857% |
| Deferred charges and accrued income | 490/1 | - | €1,293 | +€1,293 | |
| Total equity and liabilities | 10/49 | €414,138 | €361,655 | -€52,483 | -12.7% |
| Equity | 10/15 | €34,850 | €36,349 | +€1,500 | +4.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Capital | 10 | €7,000 | €7,000 | = | 0.0% |
| Issued capital | 100 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,850 | €29,349 | +€1,500 | +5.4% |
| Amounts payable | 17/49 | €379,289 | €325,306 | -€53,983 | -14.2% |
| Amounts payable after more than one year | 17 | €149,650 | €125,650 | -€24,000 | -16.0% |
| Financial debts | 170/4 | €149,650 | €125,650 | -€24,000 | -16.0% |
| Amounts payable within one year | 42/48 | €229,639 | €199,656 | -€29,983 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €17,950 | €17,950 | = | 0.0% |
| Trade debts | 44 | €146,936 | €81,601 | -€65,334 | -44.5% |
| Suppliers | 440/4 | €146,936 | €81,601 | -€65,334 | -44.5% |
| Taxes, remuneration and social security | 45 | €4,401 | €12,293 | +€7,891 | +179% |
| Taxes | 450/3 | €4,401 | €12,293 | +€7,891 | +179% |
| Other amounts payable | 47/48 | €60,352 | €87,812 | +€27,460 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,545 | €21,329 | +€1,784 | +9.1% |
| Other operating charges | 640/8 | - | €1,733 | +€1,733 | |
| Non-recurring operating charges | 66A | €492 | - | -€492 | |
| Gross operating margin | 9900 | €14,796 | €31,474 | +€16,678 | +113% |
| Operating profit (loss) | 9901 | -€5,241 | €8,412 | +€13,653 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,080 | €6,134 | +€1,054 | +20.8% |
| Recurring financial charges | 65 | €5,080 | €6,134 | +€1,054 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,321 | €2,278 | +€12,600 | |
| Income taxes | 67/77 | €349 | €779 | +€430 | +123% |
| Profit (loss) for the period | 9904 | -€10,671 | €1,500 | +€12,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,671 | €1,500 | +€12,170 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.