H.D-entretien: 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-entretien
Largest movements
- Receivables within one year -€23,510
down €23,510 (-37.0%), from €63,508 to €39,998
of which Trade receivables: -€24,698
- Receivables after one year +€14,908
up €14,908 (+4.2%), from €354,745 to €369,653
- Tax, wage and social debts -€41,442
down €41,442 (-67.5%), from €61,361 to €19,919
of which Taxes: -€31,093
- Reserves +€23,036
up €23,036 (+7.1%), from €326,116 to €349,152
of which Distributable reserves: +€23,036
- Current portion of long-term debt +€13,761
up €13,761, from €0 to €13,761
- Debts after one year -€7,528
down €7,528 (-55.3%), from €13,605 to €6,077
- Trade debts +€5,478
up €5,478 (+3,924%), from €140 to €5,618
- Gross operating margin -€54,774
down €54,774 (-37.0%), from €147,908 to €93,134
- Taxes -€16,544
down €16,544 (-54.4%), from €30,434 to €13,889
- Staff costs -€9,197
down €9,197 (-15.0%), from €61,512 to €52,316
- Write-downs +€6,804
new in 2025: €6,804
- Financial charges +€5,056
up €5,056 (+320%), from €1,581 to €6,637
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 | €428,187 | €421,484 | -€6,703 | -1.6% |
| Fixed assets | 21/28 | €710 | €2,315 | +€1,604 | +226% |
| Tangible fixed assets | 22/27 | €0 | €1,604 | +€1,604 | |
| Furniture and vehicles | 24 | - | €1,604 | +€1,604 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €710 | €710 | = | 0.0% |
| Current assets | 29/58 | €427,477 | €419,169 | -€8,308 | -1.9% |
| Amounts receivable after more than one year | 29 | €354,745 | €369,653 | +€14,908 | +4.2% |
| Other amounts receivable | 291 | €354,745 | €369,653 | +€14,908 | +4.2% |
| Amounts receivable within one year | 40/41 | €63,508 | €39,998 | -€23,510 | -37.0% |
| Trade receivables | 40 | €62,361 | €37,663 | -€24,698 | -39.6% |
| Other amounts receivable | 41 | €1,147 | €2,335 | +€1,188 | +104% |
| Cash at bank and in hand | 54/58 | €7,834 | €8,842 | +€1,008 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,390 | €676 | -€714 | -51.4% |
| Total equity and liabilities | 10/49 | €428,187 | €421,484 | -€6,703 | -1.6% |
| Equity | 10/15 | €344,716 | €367,752 | +€23,036 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €326,116 | €349,152 | +€23,036 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €324,256 | €347,292 | +€23,036 | +7.1% |
| Amounts payable | 17/49 | €83,471 | €53,732 | -€29,739 | -35.6% |
| Amounts payable after more than one year | 17 | €13,605 | €6,077 | -€7,528 | -55.3% |
| Other amounts payable | 178/9 | €13,605 | €6,077 | -€7,528 | -55.3% |
| Amounts payable within one year | 42/48 | €69,867 | €47,655 | -€22,212 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,761 | +€13,761 | |
| Financial debts | 43 | €8,366 | €8,357 | -€9 | -0.1% |
| Credit institutions | 430/8 | €8,366 | €8,357 | -€9 | -0.1% |
| Trade debts | 44 | €140 | €5,618 | +€5,478 | +3,924% |
| Suppliers | 440/4 | €140 | €5,618 | +€5,478 | +3,924% |
| Taxes, remuneration and social security | 45 | €61,361 | €19,919 | -€41,442 | -67.5% |
| Taxes | 450/3 | €35,307 | €4,214 | -€31,093 | -88.1% |
| Remuneration and social security | 454/9 | €26,054 | €15,705 | -€10,348 | -39.7% |
| Remuneration, social security and pensions | 62 | €61,512 | €52,316 | -€9,197 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €622 | +€622 | +6,221,100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,804 | +€6,804 | |
| Other operating charges | 640/8 | €1,661 | €797 | -€864 | -52.0% |
| Non-recurring operating charges | 66A | €6,163 | €0 | -€6,163 | -100% |
| Gross operating margin | 9900 | €147,908 | €93,134 | -€54,774 | -37.0% |
| Operating profit (loss) | 9901 | €78,572 | €32,596 | -€45,976 | -58.5% |
| Financial income | 75/76B | €10,194 | €10,966 | +€772 | +7.6% |
| Recurring financial income | 75 | €10,194 | €10,966 | +€772 | +7.6% |
| Financial charges | 65/66B | €1,581 | €6,637 | +€5,056 | +320% |
| Recurring financial charges | 65 | €1,581 | €6,637 | +€5,056 | +320% |
| Profit (loss) for the period before taxes | 9903 | €87,185 | €36,925 | -€50,260 | -57.6% |
| Income taxes | 67/77 | €30,434 | €13,889 | -€16,544 | -54.4% |
| Profit (loss) for the period | 9904 | €56,752 | €23,036 | -€33,716 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,752 | €23,036 | -€33,716 | -59.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.