HandyBelgium: what changed
HandyBelgium
Largest movements
- Cash -€25,133
down €25,133 (-26.8%), from €93,610 to €68,477
mainly Net result for the year (-€44,938) and Debts after one year (-€8,083)
- Tangible fixed assets -€12,951
down €12,951 (-35.5%), from €36,444 to €23,493
of which Furniture and vehicles: -€12,428
- Receivables within one year -€6,328
down €6,328 (-4.4%), from €144,121 to €137,793
of which Other amounts receivable: -€4,394
- Profit (loss) carried forward -€44,938
down €44,938 (-69.6%), from €64,582 to €19,643
- Trade debts +€9,207
up €9,207 (+9.5%), from €97,021 to €106,229
- Debts after one year -€8,083
down €8,083 (-45.0%), from €17,972 to €9,889
- Current portion of long-term debt -€5,321
down €5,321 (-39.7%), from €13,404 to €8,083
- Tax, wage and social debts +€4,994
up €4,994 (+10.4%), from €47,791 to €52,785
of which Remuneration and social security: +€6,771
- Staff costs +€85,935
up €85,935 (+42.7%), from €201,095 to €287,030
- Gross operating margin +€69,323
up €69,323 (+38.1%), from €182,002 to €251,325
- Write-downs -€11,127
new in 2025: -€11,127
- Other operating charges +€3,105
up €3,105 (+115%), from €2,704 to €5,809
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,826 | €231,608 | -€44,218 | -16.0% |
| Fixed assets | 21/28 | €36,559 | €23,608 | -€12,951 | -35.4% |
| Tangible fixed assets | 22/27 | €36,444 | €23,493 | -€12,951 | -35.5% |
| Plant, machinery and equipment | 23 | €773 | €250 | -€523 | -67.7% |
| Furniture and vehicles | 24 | €35,671 | €23,243 | -€12,428 | -34.8% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €239,267 | €208,000 | -€31,267 | -13.1% |
| Amounts receivable within one year | 40/41 | €144,121 | €137,793 | -€6,328 | -4.4% |
| Trade receivables | 40 | €139,728 | €137,793 | -€1,934 | -1.4% |
| Other amounts receivable | 41 | €4,394 | €0 | -€4,394 | -100% |
| Cash at bank and in hand | 54/58 | €93,610 | €68,477 | -€25,133 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,535 | €1,729 | +€194 | +12.6% |
| Total equity and liabilities | 10/49 | €275,826 | €231,608 | -€44,218 | -16.0% |
| Equity | 10/15 | €77,087 | €32,148 | -€44,938 | -58.3% |
| Contributions | 10/11 | €10,645 | €10,645 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,582 | €19,643 | -€44,938 | -69.6% |
| Amounts payable | 17/49 | €198,739 | €199,460 | +€720 | +0.4% |
| Amounts payable after more than one year | 17 | €17,972 | €9,889 | -€8,083 | -45.0% |
| Financial debts | 170/4 | €17,972 | €9,889 | -€8,083 | -45.0% |
| Amounts payable within one year | 42/48 | €180,768 | €189,571 | +€8,803 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €13,404 | €8,083 | -€5,321 | -39.7% |
| Financial debts | 43 | €2,986 | €2,632 | -€354 | -11.9% |
| Credit institutions | 430/8 | €2,986 | €2,632 | -€354 | -11.9% |
| Trade debts | 44 | €97,021 | €106,229 | +€9,207 | +9.5% |
| Suppliers | 440/4 | €97,021 | €106,229 | +€9,207 | +9.5% |
| Taxes, remuneration and social security | 45 | €47,791 | €52,785 | +€4,994 | +10.4% |
| Taxes | 450/3 | €12,086 | €10,309 | -€1,777 | -14.7% |
| Remuneration and social security | 454/9 | €35,705 | €42,475 | +€6,771 | +19.0% |
| Other amounts payable | 47/48 | €19,565 | €19,843 | +€278 | +1.4% |
| Remuneration, social security and pensions | 62 | €201,095 | €287,030 | +€85,935 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,678 | €12,951 | -€1,727 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,127 | -€11,127 | |
| Other operating charges | 640/8 | €2,704 | €5,809 | +€3,105 | +115% |
| Gross operating margin | 9900 | €182,002 | €251,325 | +€69,323 | +38.1% |
| Operating profit (loss) | 9901 | -€36,474 | -€43,338 | -€6,863 | -18.8% |
| Financial income | 75/76B | €1 | €19 | +€18 | +3,604% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +3,604% |
| Financial charges | 65/66B | €2,009 | €1,241 | -€768 | -38.2% |
| Recurring financial charges | 65 | €2,009 | €1,241 | -€768 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,482 | -€44,560 | -€6,077 | -15.8% |
| Income taxes | 67/77 | €186 | €379 | +€192 | +103% |
| Profit (loss) for the period | 9904 | -€38,668 | -€44,938 | -€6,270 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,668 | -€44,938 | -€6,270 | -16.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.