H & D COMPANY: what changed
H & D COMPANY
Largest movements
- Deferred charges and accrued income -€30,532
down €30,532 (-88.0%), from €34,704 to €4,173
- Cash -€741
down €741 (-10.4%), from €7,142 to €6,401
mainly Other debts (-€98,911) and Net result for the year (-€9,441)
- Other debts -€98,911
down €98,911 (-11.7%), from €841,899 to €742,988
- Accrued charges and deferred income +€90,000
new in 2026: €90,000
- Profit (loss) carried forward -€9,441
down €9,441 (-1.0%), from -€933,650 to -€943,092
- Tax, wage and social debts -€6,808
down €6,808 (-88.6%), from €7,683 to €875
- Trade debts -€6,013
down €6,013 (-53.4%), from €11,264 to €5,252
- Gross operating margin -€10,083
down €10,083 (-28.5%), from €35,414 to €25,331
- Financial charges +€3,449
up €3,449 (+11.7%), from €29,502 to €32,951
- Taxes -€2,808
down €2,808 (-76.2%), from €3,683 to €875
- Other operating charges -€969
down €969 (-50.6%), from €1,916 to €947
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,846 | €10,573 | -€31,273 | -74.7% |
| Current assets | 29/58 | €41,846 | €10,573 | -€31,273 | -74.7% |
| Cash at bank and in hand | 54/58 | €7,142 | €6,401 | -€741 | -10.4% |
| Deferred charges and accrued income | 490/1 | €34,704 | €4,173 | -€30,532 | -88.0% |
| Total equity and liabilities | 10/49 | €41,846 | €10,573 | -€31,273 | -74.7% |
| Equity | 10/15 | -€823,650 | -€833,092 | -€9,441 | -1.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€933,650 | -€943,092 | -€9,441 | -1.0% |
| Amounts payable | 17/49 | €865,496 | €843,665 | -€21,831 | -2.5% |
| Amounts payable within one year | 42/48 | €865,496 | €753,665 | -€111,831 | -12.9% |
| Financial debts | 43 | €4,649 | €4,550 | -€99 | -2.1% |
| Credit institutions | 430/8 | - | €4,550 | +€4,550 | |
| Other loans | 439 | €4,649 | - | -€4,649 | |
| Trade debts | 44 | €11,264 | €5,252 | -€6,013 | -53.4% |
| Suppliers | 440/4 | €11,264 | €5,252 | -€6,013 | -53.4% |
| Taxes, remuneration and social security | 45 | €7,683 | €875 | -€6,808 | -88.6% |
| Taxes | 450/3 | €7,683 | €875 | -€6,808 | -88.6% |
| Other amounts payable | 47/48 | €841,899 | €742,988 | -€98,911 | -11.7% |
| Accrued charges and deferred income | 492/3 | - | €90,000 | +€90,000 | |
| Non-recurring operating income | 76A | €614 | - | -€614 | |
| Other operating charges | 640/8 | €1,916 | €947 | -€969 | -50.6% |
| Gross operating margin | 9900 | €35,414 | €25,331 | -€10,083 | -28.5% |
| Operating profit (loss) | 9901 | €33,498 | €24,385 | -€9,113 | -27.2% |
| Financial charges | 65/66B | €29,502 | €32,951 | +€3,449 | +11.7% |
| Recurring financial charges | 65 | €29,502 | €32,951 | +€3,449 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €3,996 | -€8,566 | -€12,563 | |
| Income taxes | 67/77 | €3,683 | €875 | -€2,808 | -76.2% |
| Profit (loss) for the period | 9904 | €313 | -€9,441 | -€9,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €313 | -€9,441 | -€9,754 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.