The present invention provides a hand-held analysis instrument for analyzing a body fluid. The instrument comprises a housing with a housing opening to which a body part, in particular, a finger, can be applied to generate a puncture wound, an analysis unit for analyzing a sample of a body fluid obtained at the puncture wound, and a piercing unit including a lancet and lancet drive for generating a puncture movement of the lancet. The piercing unit, including the lancet drive, is movable between an operating position and a rest position, the piercing unit being located at the housing opening in the operating position in such a manner that by means of the lancet a puncture wound can be generated in a body part pressed against the housing opening, and the piercing unit being remote from the housing opening in the rest position in such a manner that the space in front of the housing opening is free for the analysis unit, so that it can be moved into a position for receiving blood. An operating device is used for actuating a functional mechanism of the piercing unit. The piercing unit is decoupled from the operating device in one of its two positions and is coupled to the operating device in the other position.