HANDS@WORK 2.0: 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@WORK 2.0
Largest movements
- Cash -€30,191
down €30,191 (-62.7%), from €48,117 to €17,926
mainly Other debts (-€29,913) and Debts after one year (-€15,937)
- Tangible fixed assets -€12,516
down €12,516 (-13.6%), from €92,011 to €79,495
of which Other tangible fixed assets: -€13,695
- Intangible fixed assets -€8,000
down €8,000 (-16.4%), from €48,658 to €40,658
- Deferred charges and accrued income +€5,732
up €5,732 (+349.5%), from €1,640 to €7,372
- Receivables within one year -€2,871
down €2,871 (-48.9%), from €5,875 to €3,004
of which Other amounts receivable: -€3,021
- Other debts -€29,913
down €29,913 (-61.0%), from €49,000 to €19,087
- Debts after one year -€15,937
down €15,937 (-19.6%), from €81,502 to €65,565
- Trade debts -€5,421
down €5,421 (-79.4%), from €6,824 to €1,404
- Reserves +€2,171
up €2,171 (+7.5%), from €28,819 to €30,991
- Gross operating margin -€15,896
down €15,896 (-32.5%), from €48,934 to €33,038
- Depreciation +€876
up €876 (+3.3%), from €26,926 to €27,802
- Financial charges +€644
up €644 (+41.7%), from €1,544 to €2,189
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.
Cash bridge derived
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 | €196,300 | €148,454 | -€47,847 | -24.4% |
| Fixed assets | 21/28 | €140,669 | €120,152 | -€20,516 | -14.6% |
| Intangible fixed assets | 21 | €48,658 | €40,658 | -€8,000 | -16.4% |
| Tangible fixed assets | 22/27 | €92,011 | €79,495 | -€12,516 | -13.6% |
| Plant, machinery and equipment | 23 | €5,131 | €647 | -€4,484 | -87.4% |
| Furniture and vehicles | 24 | - | €1,008 | +€1,008 | |
| Leasing and similar rights | 25 | - | €4,655 | +€4,655 | |
| Other tangible fixed assets | 26 | €86,880 | €73,186 | -€13,695 | -15.8% |
| Current assets | 29/58 | €55,632 | €28,301 | -€27,330 | -49.1% |
| Amounts receivable within one year | 40/41 | €5,875 | €3,004 | -€2,871 | -48.9% |
| Trade receivables | 40 | €0 | €150 | +€150 | |
| Other amounts receivable | 41 | €5,875 | €2,854 | -€3,021 | -51.4% |
| Cash at bank and in hand | 54/58 | €48,117 | €17,926 | -€30,191 | -62.7% |
| Deferred charges and accrued income | 490/1 | €1,640 | €7,372 | +€5,732 | +349.5% |
| Total equity and liabilities | 10/49 | €196,300 | €148,454 | -€47,847 | -24.4% |
| Equity | 10/15 | €33,819 | €35,991 | +€2,171 | +6.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,819 | €30,991 | +€2,171 | +7.5% |
| Distributable reserves | 133 | €28,819 | €30,991 | +€2,171 | +7.5% |
| Amounts payable | 17/49 | €162,481 | €112,463 | -€50,018 | -30.8% |
| Amounts payable after more than one year | 17 | €81,502 | €65,565 | -€15,937 | -19.6% |
| Financial debts | 170/4 | €81,502 | €65,565 | -€15,937 | -19.6% |
| Amounts payable within one year | 42/48 | €80,979 | €46,899 | -€34,080 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €25,155 | €26,409 | +€1,254 | +5.0% |
| Trade debts | 44 | €6,824 | €1,404 | -€5,421 | -79.4% |
| Suppliers | 440/4 | €6,824 | €1,404 | -€5,421 | -79.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €49,000 | €19,087 | -€29,913 | -61.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,926 | €27,802 | +€876 | +3.3% |
| Other operating charges | 640/8 | €629 | €877 | +€248 | +39.3% |
| Gross operating margin | 9900 | €48,934 | €33,038 | -€15,896 | -32.5% |
| Operating profit (loss) | 9901 | €21,379 | €4,360 | -€17,019 | -79.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,544 | €2,189 | +€644 | +41.7% |
| Recurring financial charges | 65 | €1,544 | €2,189 | +€644 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €19,836 | €2,171 | -€17,665 | -89.1% |
| Profit (loss) for the period | 9904 | €19,836 | €2,171 | -€17,665 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,836 | €2,171 | -€17,665 | -89.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.