H.D.M. SYSTEMS: 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.M. SYSTEMS
Largest movements
- Receivables within one year -€90,675
down €90,675 (-57.5%), from €157,744 to €67,070
of which Trade receivables: -€102,028
- Tangible fixed assets +€25,826
up €25,826 (+54.0%), from €47,838 to €73,664
of which Furniture and vehicles: +€21,921
- Profit (loss) carried forward -€45,047
down €45,047, from €0 to -€45,047
- Tax, wage and social debts -€44,726
down €44,726 (-65.7%), from €68,086 to €23,361
of which Taxes: -€37,532
- Debts after one year +€32,173
up €32,173 (+498%), from €6,458 to €38,631
- Trade debts -€16,764
down €16,764 (-22.9%), from €73,127 to €56,362
- Current portion of long-term debt +€10,304
up €10,304 (+326%), from €3,157 to €13,461
- Gross operating margin -€95,356
down €95,356 (-79.0%), from €120,781 to €25,424
- Taxes -€18,086
down €18,086 (-97.4%), from €18,573 to €487
- Financial charges -€1,621
down €1,621 (-23.4%), from €6,939 to €5,318
- Depreciation +€1,213
up €1,213 (+7.9%), from €15,258 to €16,470
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 | €400,573 | €334,366 | -€66,207 | -16.5% |
| Fixed assets | 21/28 | €51,300 | €75,726 | +€24,426 | +47.6% |
| Intangible fixed assets | 21 | €3,462 | €2,062 | -€1,400 | -40.4% |
| Tangible fixed assets | 22/27 | €47,838 | €73,664 | +€25,826 | +54.0% |
| Plant, machinery and equipment | 23 | €23,536 | €26,649 | +€3,113 | +13.2% |
| Furniture and vehicles | 24 | €19,728 | €41,649 | +€21,921 | +111% |
| Other tangible fixed assets | 26 | €4,575 | €5,367 | +€792 | +17.3% |
| Current assets | 29/58 | €349,273 | €258,640 | -€90,633 | -25.9% |
| Stocks and contracts in progress | 3 | €79,339 | €78,180 | -€1,159 | -1.5% |
| Stocks | 30/36 | €79,339 | €78,180 | -€1,159 | -1.5% |
| Amounts receivable within one year | 40/41 | €157,744 | €67,070 | -€90,675 | -57.5% |
| Trade receivables | 40 | €157,653 | €55,624 | -€102,028 | -64.7% |
| Other amounts receivable | 41 | €92 | €11,446 | +€11,354 | +12,369% |
| Cash at bank and in hand | 54/58 | €103,826 | €106,166 | +€2,340 | +2.3% |
| Deferred charges and accrued income | 490/1 | €8,363 | €7,224 | -€1,140 | -13.6% |
| Total equity and liabilities | 10/49 | €400,573 | €334,366 | -€66,207 | -16.5% |
| Equity | 10/15 | €169,328 | €124,282 | -€45,047 | -26.6% |
| Reserves | 13 | €169,328 | €169,328 | = | 0.0% |
| Distributable reserves | 133 | €169,328 | €169,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€45,047 | -€45,047 | |
| Amounts payable | 17/49 | €231,245 | €210,084 | -€21,161 | -9.2% |
| Amounts payable after more than one year | 17 | €6,458 | €38,631 | +€32,173 | +498% |
| Financial debts | 170/4 | €6,458 | €38,631 | +€32,173 | +498% |
| Amounts payable within one year | 42/48 | €220,821 | €170,574 | -€50,247 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €3,157 | €13,461 | +€10,304 | +326% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €73,127 | €56,362 | -€16,764 | -22.9% |
| Suppliers | 440/4 | €73,127 | €56,362 | -€16,764 | -22.9% |
| Taxes, remuneration and social security | 45 | €68,086 | €23,361 | -€44,726 | -65.7% |
| Taxes | 450/3 | €60,892 | €23,361 | -€37,532 | -61.6% |
| Remuneration and social security | 454/9 | €7,194 | €0 | -€7,194 | -100% |
| Other amounts payable | 47/48 | €1,451 | €2,391 | +€940 | +64.8% |
| Accrued charges and deferred income | 492/3 | €3,966 | €879 | -€3,087 | -77.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,217 | €38,330 | +€113 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,258 | €16,470 | +€1,213 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €238 | €1,080 | +€841 | +353% |
| Other operating charges | 640/8 | €2,416 | €1,860 | -€556 | -23.0% |
| Non-recurring operating charges | 66A | - | €7,511 | +€7,511 | |
| Gross operating margin | 9900 | €120,781 | €25,424 | -€95,356 | -79.0% |
| Operating profit (loss) | 9901 | €64,652 | -€39,827 | -€104,479 | |
| Financial income | 75/76B | €309 | €585 | +€276 | +89.4% |
| Recurring financial income | 75 | €309 | €585 | +€276 | +89.4% |
| Financial charges | 65/66B | €6,939 | €5,318 | -€1,621 | -23.4% |
| Recurring financial charges | 65 | €6,939 | €5,318 | -€1,621 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €58,021 | -€44,560 | -€102,582 | |
| Income taxes | 67/77 | €18,573 | €487 | -€18,086 | -97.4% |
| Profit (loss) for the period | 9904 | €39,449 | -€45,047 | -€84,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,449 | -€45,047 | -€84,496 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.