JEET HANDA: 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.
JEET HANDA
Largest movements
- Receivables within one year +€4,378
up €4,378 (+2,126%), from €206 to €4,584
of which Trade receivables: +€4,475
- Deferred charges and accrued income -€2,000
no longer reported in 2025 (was €2,000)
- Cash -€1,115
down €1,115 (-64.9%), from €1,718 to €602
mainly Net result for the year (-€33,099) and Receivables within one year (-€4,378)
- Tangible fixed assets -€455
down €455 (-11.4%), from €3,995 to €3,540
of which Plant, machinery and equipment: -€1,011
- Profit (loss) carried forward -€33,099
down €33,099 (-54.1%), from -€61,203 to -€94,302
- Tax, wage and social debts +€32,008
up €32,008 (+166%), from €19,245 to €51,252
of which Remuneration and social security: +€32,200
- Other debts +€3,584
up €3,584 (+9.9%), from €36,187 to €39,771
- Trade debts -€1,817
down €1,817 (-62.7%), from €2,900 to €1,082
- Short-term financial debts +€203
new in 2025: €203
- Gross operating margin -€30,295
down €30,295, from €719 to -€29,576
- Staff costs -€519
down €519 (-55.7%), from €931 to €412
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 | €8,329 | €9,206 | +€878 | +10.5% |
| Fixed assets | 21/28 | €3,995 | €3,540 | -€455 | -11.4% |
| Tangible fixed assets | 22/27 | €3,995 | €3,540 | -€455 | -11.4% |
| Plant, machinery and equipment | 23 | €3,432 | €2,421 | -€1,011 | -29.5% |
| Furniture and vehicles | 24 | €563 | €1,119 | +€556 | +98.8% |
| Current assets | 29/58 | €4,333 | €5,666 | +€1,333 | +30.8% |
| Stocks and contracts in progress | 3 | €410 | €480 | +€70 | +17.1% |
| Stocks | 30/36 | €410 | €480 | +€70 | +17.1% |
| Amounts receivable within one year | 40/41 | €206 | €4,584 | +€4,378 | +2,126% |
| Trade receivables | 40 | - | €4,475 | +€4,475 | |
| Other amounts receivable | 41 | €206 | €108 | -€98 | -47.4% |
| Cash at bank and in hand | 54/58 | €1,718 | €602 | -€1,115 | -64.9% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €8,329 | €9,206 | +€878 | +10.5% |
| Equity | 10/15 | -€50,003 | -€83,102 | -€33,099 | -66.2% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,203 | -€94,302 | -€33,099 | -54.1% |
| Amounts payable | 17/49 | €58,331 | €92,308 | +€33,977 | +58.2% |
| Amounts payable within one year | 42/48 | €58,331 | €92,308 | +€33,977 | +58.2% |
| Financial debts | 43 | - | €203 | +€203 | |
| Credit institutions | 430/8 | - | €203 | +€203 | |
| Trade debts | 44 | €2,900 | €1,082 | -€1,817 | -62.7% |
| Suppliers | 440/4 | €2,900 | €1,082 | -€1,817 | -62.7% |
| Taxes, remuneration and social security | 45 | €19,245 | €51,252 | +€32,008 | +166% |
| Taxes | 450/3 | €2,145 | €1,952 | -€192 | -9.0% |
| Remuneration and social security | 454/9 | €17,100 | €49,300 | +€32,200 | +188% |
| Other amounts payable | 47/48 | €36,187 | €39,771 | +€3,584 | +9.9% |
| Remuneration, social security and pensions | 62 | €931 | €412 | -€519 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,759 | €1,553 | -€206 | -11.7% |
| Other operating charges | 640/8 | €159 | €249 | +€90 | +56.4% |
| Gross operating margin | 9900 | €719 | -€29,576 | -€30,295 | |
| Operating profit (loss) | 9901 | -€2,130 | -€31,790 | -€29,660 | -1,392% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €937 | €1,112 | +€175 | +18.7% |
| Recurring financial charges | 65 | €937 | €1,112 | +€175 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,067 | -€32,902 | -€29,835 | -973% |
| Income taxes | 67/77 | - | €197 | +€197 | |
| Profit (loss) for the period | 9904 | -€3,067 | -€33,099 | -€30,032 | -979% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,067 | -€33,099 | -€30,032 | -979% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.