H&D auto: 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.
H&D auto
Largest movements
- Stocks and contracts -€97,189
down €97,189 (-41.4%), from €234,948 to €137,759
- Cash +€30,414
up €30,414 (+35.8%), from €85,007 to €115,421
mainly Stocks and contracts (+€97,189) and Deferred charges and accrued income (+€1,406)
- Receivables within one year +€16,718
up €16,718 (+12.6%), from €132,401 to €149,119
of which Trade receivables: +€16,896
- Profit (loss) carried forward -€32,953
down €32,953 (-236%), from -€13,940 to -€46,893
- Trade debts -€15,629
down €15,629 (-7.5%), from €208,963 to €193,334
- Gross operating margin -€39,469
down €39,469, from €38,673 to -€796
- Write-downs +€14,400
new in 2025: €14,400
- Taxes -€2,924
down €2,924 (-38.3%), from €7,631 to €4,707
- Other operating charges +€1,316
up €1,316 (+32.9%), from €4,004 to €5,320
- Depreciation -€531
down €531 (-96.5%), from €550 to €19
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 | €455,177 | €404,396 | -€50,781 | -11.2% |
| Fixed assets | 21/28 | €25 | €707 | +€682 | +2,728% |
| Tangible fixed assets | 22/27 | - | €682 | +€682 | |
| Plant, machinery and equipment | 23 | - | €682 | +€682 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €455,152 | €403,689 | -€51,463 | -11.3% |
| Stocks and contracts in progress | 3 | €234,948 | €137,759 | -€97,189 | -41.4% |
| Stocks | 30/36 | €234,948 | €137,759 | -€97,189 | -41.4% |
| Amounts receivable within one year | 40/41 | €132,401 | €149,119 | +€16,718 | +12.6% |
| Trade receivables | 40 | €127,684 | €144,580 | +€16,896 | +13.2% |
| Other amounts receivable | 41 | €4,717 | €4,539 | -€178 | -3.8% |
| Cash at bank and in hand | 54/58 | €85,007 | €115,421 | +€30,414 | +35.8% |
| Deferred charges and accrued income | 490/1 | €2,796 | €1,390 | -€1,406 | -50.3% |
| Total equity and liabilities | 10/49 | €455,177 | €404,396 | -€50,781 | -11.2% |
| Equity | 10/15 | €6,511 | -€26,442 | -€32,953 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,940 | -€46,893 | -€32,953 | -236% |
| Amounts payable | 17/49 | €448,666 | €430,838 | -€17,828 | -4.0% |
| Amounts payable after more than one year | 17 | €146,051 | €146,051 | = | 0.0% |
| Other amounts payable | 178/9 | €146,051 | €146,051 | = | 0.0% |
| Amounts payable within one year | 42/48 | €302,615 | €284,787 | -€17,828 | -5.9% |
| Trade debts | 44 | €208,963 | €193,334 | -€15,629 | -7.5% |
| Suppliers | 440/4 | €208,963 | €193,334 | -€15,629 | -7.5% |
| Taxes, remuneration and social security | 45 | - | €697 | +€697 | |
| Taxes | 450/3 | - | €697 | +€697 | |
| Other amounts payable | 47/48 | €93,652 | €90,756 | -€2,896 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €19 | -€531 | -96.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,400 | +€14,400 | |
| Other operating charges | 640/8 | €4,004 | €5,320 | +€1,316 | +32.9% |
| Non-recurring operating charges | 66A | - | €7,500 | +€7,500 | |
| Gross operating margin | 9900 | €38,673 | -€796 | -€39,469 | |
| Operating profit (loss) | 9901 | €34,119 | -€28,035 | -€62,154 | |
| Financial charges | 65/66B | €139 | €211 | +€72 | +51.8% |
| Recurring financial charges | 65 | €139 | €211 | +€72 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €33,980 | -€28,246 | -€62,226 | |
| Income taxes | 67/77 | €7,631 | €4,707 | -€2,924 | -38.3% |
| Profit (loss) for the period | 9904 | €26,349 | -€32,953 | -€59,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,349 | -€32,953 | -€59,302 |
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 15 October 2026 via checked.be.