HANDSCHOENMARKT: what changed
What changed
HANDSCHOENMARKT
filed annual accounts (NBB)
Net result for the year
-€39,021
2024 · -€37,212-€1,809
Equity
€698,550
2024 · €737,570-€39,021
Cash
€57,429
2024 · €82,439-€25,009
Balance sheet total
€831,420
2024 · €871,655-€40,235
Largest movements
Assets
- Cash -€25,009
down €25,009 (-30.3%), from €82,439 to €57,429
mainly Net result for the year (-€39,021) and Investment in fixed assets (net) (-€8,952)
- Tangible fixed assets -€15,337
down €15,337 (-8.6%), from €178,126 to €162,789
of which Land and buildings: -€10,810
Equity and liabilities
- Reserves -€39,021
down €39,021 (-5.8%), from €675,070 to €636,050
of which Distributable reserves: -€39,021
Income statement
- Gross operating margin -€880
down €880 (-16.4%), from -€5,369 to -€6,249
- Depreciation +€371
up €371 (+1.6%), from €23,918 to €24,289
- Financial charges +€279
up €279 (+8.5%), from €3,306 to €3,585
- Other operating charges +€274
up €274 (+6.2%), from €4,404 to €4,679
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€37,212
Gross operating margin
-€880
Depreciation
-€371
Other operating charges
-€274
Financial income
-€0
Financial charges
-€279
Taxes
-€3
Result 2025
-€39,021
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€16,072
Investment
-€8,952
Financing
+€15
Cash 2024
€82,439
From operations (derived)
-€16,072
Net result for the year
-€39,021
Depreciation
+€24,289
Deferred charges and accrued income
-€111
Trade debts
+€4,736
Tax, wage and social debts
+€3
Other debts
-€5,968
Investment (derived)
-€8,952
Investment in fixed assets (net)
-€8,952
Financing
+€15
Short-term financial debts
+€15
Cash 2025
€57,429
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,655 | €831,420 | -€40,235 | -4.6% |
| Fixed assets | 21/28 | €178,126 | €162,789 | -€15,337 | -8.6% |
| Tangible fixed assets | 22/27 | €178,126 | €162,789 | -€15,337 | -8.6% |
| Land and buildings | 22 | €172,999 | €162,190 | -€10,810 | -6.2% |
| Furniture and vehicles | 24 | €5,127 | €599 | -€4,527 | -88.3% |
| Current assets | 29/58 | €693,529 | €668,632 | -€24,898 | -3.6% |
| Amounts receivable within one year | 40/41 | €608,633 | €608,633 | = | 0.0% |
| Trade receivables | 40 | €35,880 | €35,880 | = | 0.0% |
| Other amounts receivable | 41 | €572,753 | €572,753 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,439 | €57,429 | -€25,009 | -30.3% |
| Deferred charges and accrued income | 490/1 | €2,458 | €2,569 | +€111 | +4.5% |
| Total equity and liabilities | 10/49 | €871,655 | €831,420 | -€40,235 | -4.6% |
| Equity | 10/15 | €737,570 | €698,550 | -€39,021 | -5.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €675,070 | €636,050 | -€39,021 | -5.8% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €668,820 | €629,800 | -€39,021 | -5.8% |
| Amounts payable | 17/49 | €134,085 | €132,871 | -€1,214 | -0.9% |
| Amounts payable after more than one year | 17 | €20,301 | €20,301 | = | 0.0% |
| Other amounts payable | 178/9 | €20,301 | €20,301 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,784 | €112,570 | -€1,214 | -1.1% |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €0 | €4,736 | +€4,736 | |
| Suppliers | 440/4 | €0 | €4,736 | +€4,736 | |
| Taxes, remuneration and social security | 45 | €215 | €219 | +€3 | +1.6% |
| Taxes | 450/3 | €215 | €219 | +€3 | +1.6% |
| Other amounts payable | 47/48 | €113,569 | €107,601 | -€5,968 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,918 | €24,289 | +€371 | +1.6% |
| Other operating charges | 640/8 | €4,404 | €4,679 | +€274 | +6.2% |
| Gross operating margin | 9900 | -€5,369 | -€6,249 | -€880 | -16.4% |
| Operating profit (loss) | 9901 | -€33,691 | -€35,217 | -€1,526 | -4.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €3,306 | €3,585 | +€279 | +8.5% |
| Recurring financial charges | 65 | €3,306 | €3,585 | +€279 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,997 | -€38,802 | -€1,805 | -4.9% |
| Income taxes | 67/77 | €215 | €219 | +€3 | +1.6% |
| Profit (loss) for the period | 9904 | -€37,212 | -€39,021 | -€1,809 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,212 | -€39,021 | -€1,809 | -4.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.