TWO HAND TRADING: 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.
TWO HAND TRADING
Largest movements
- Tangible fixed assets -€53,317
down €53,317 (-41.3%), from €129,124 to €75,806
of which Furniture and vehicles: -€47,515
- Receivables within one year +€38,701
up €38,701 (+8.1%), from €479,182 to €517,883
of which Other amounts receivable: +€46,627
- Other debts +€66,500
new in 2025: €66,500
- Reserves -€43,000
down €43,000 (-13.1%), from €327,500 to €284,500
- Trade debts -€34,041
down €34,041 (-43.1%), from €78,976 to €44,934
- Debts after one year -€14,832
down €14,832 (-71.6%), from €20,717 to €5,886
- Current portion of long-term debt -€13,119
down €13,119 (-48.4%), from €27,125 to €14,006
- Other operating charges -€27,904
down €27,904 (-66.5%), from €41,958 to €14,055
- Depreciation -€18,656
down €18,656 (-36.1%), from €51,681 to €33,026
- Taxes +€11,897
up €11,897 (+292%), from €4,077 to €15,974
- Gross operating margin +€4,697
up €4,697 (+5.5%), from €85,685 to €90,382
- Financial income +€1,418
up €1,418 (+5.3%), from €26,638 to €28,056
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 | €653,670 | €633,803 | -€19,867 | -3.0% |
| Fixed assets | 21/28 | €130,024 | €76,706 | -€53,317 | -41.0% |
| Tangible fixed assets | 22/27 | €129,124 | €75,806 | -€53,317 | -41.3% |
| Land and buildings | 22 | €51,630 | €48,817 | -€2,813 | -5.4% |
| Plant, machinery and equipment | 23 | €5,676 | €2,687 | -€2,989 | -52.7% |
| Furniture and vehicles | 24 | €71,817 | €24,303 | -€47,515 | -66.2% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €523,647 | €557,097 | +€33,450 | +6.4% |
| Stocks and contracts in progress | 3 | €30,951 | €25,799 | -€5,153 | -16.6% |
| Stocks | 30/36 | €30,951 | €25,799 | -€5,153 | -16.6% |
| Amounts receivable within one year | 40/41 | €479,182 | €517,883 | +€38,701 | +8.1% |
| Trade receivables | 40 | €53,590 | €45,665 | -€7,926 | -14.8% |
| Other amounts receivable | 41 | €425,591 | €472,218 | +€46,627 | +11.0% |
| Cash at bank and in hand | 54/58 | €10,026 | €10,090 | +€64 | +0.6% |
| Deferred charges and accrued income | 490/1 | €3,488 | €3,325 | -€163 | -4.7% |
| Total equity and liabilities | 10/49 | €653,670 | €633,803 | -€19,867 | -3.0% |
| Equity | 10/15 | €499,999 | €457,441 | -€42,558 | -8.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €327,500 | €284,500 | -€43,000 | -13.1% |
| Distributable reserves | 133 | €327,500 | €284,500 | -€43,000 | -13.1% |
| Profit (loss) carried forward | 14 | €152,039 | €152,481 | +€442 | +0.3% |
| Amounts payable | 17/49 | €153,672 | €176,363 | +€22,691 | +14.8% |
| Amounts payable after more than one year | 17 | €20,717 | €5,886 | -€14,832 | -71.6% |
| Financial debts | 170/4 | €20,717 | €5,886 | -€14,832 | -71.6% |
| Amounts payable within one year | 42/48 | €132,955 | €170,477 | +€37,522 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €27,125 | €14,006 | -€13,119 | -48.4% |
| Financial debts | 43 | €9,911 | €15,415 | +€5,504 | +55.5% |
| Credit institutions | 430/8 | €9,911 | €15,415 | +€5,504 | +55.5% |
| Trade debts | 44 | €78,976 | €44,934 | -€34,041 | -43.1% |
| Suppliers | 440/4 | €78,976 | €44,934 | -€34,041 | -43.1% |
| Taxes, remuneration and social security | 45 | €16,943 | €29,621 | +€12,678 | +74.8% |
| Taxes | 450/3 | €16,943 | €29,621 | +€12,678 | +74.8% |
| Other amounts payable | 47/48 | - | €66,500 | +€66,500 | |
| Remuneration, social security and pensions | 62 | €630 | - | -€630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,681 | €33,026 | -€18,656 | -36.1% |
| Other operating charges | 640/8 | €41,958 | €14,055 | -€27,904 | -66.5% |
| Non-recurring operating charges | 66A | - | €16,184 | +€16,184 | |
| Gross operating margin | 9900 | €85,685 | €90,382 | +€4,697 | +5.5% |
| Operating profit (loss) | 9901 | -€8,585 | €27,118 | +€35,703 | |
| Financial income | 75/76B | €26,638 | €28,056 | +€1,418 | +5.3% |
| Recurring financial income | 75 | €26,638 | €28,056 | +€1,418 | +5.3% |
| Financial charges | 65/66B | €10,944 | €11,758 | +€814 | +7.4% |
| Recurring financial charges | 65 | €10,944 | €11,758 | +€814 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €7,109 | €43,416 | +€36,307 | +511% |
| Income taxes | 67/77 | €4,077 | €15,974 | +€11,897 | +292% |
| Profit (loss) for the period | 9904 | €3,033 | €27,442 | +€24,409 | +805% |
| Profit (loss) for the period to be appropriated | 9905 | €3,033 | €27,442 | +€24,409 | +805% |
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 21 October 2026 via checked.be.