H.D.O.: 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.O.
Largest movements
- Cash +€16,330
up €16,330 (+196.8%), from €8,299 to €24,629
- Tangible fixed assets +€12,728
up €12,728 (+148.4%), from €8,577 to €21,305
of which Furniture and vehicles: +€19,140
- Debts +€26,840
up €26,840 (+101.7%), from €26,390 to €53,230
- Profit (loss) carried forward +€2,331
up €2,331 (+5.8%), from -€40,516 to -€38,185
- Turnover -€402,521
no longer reported in 2021 (was €402,521)
- Gross operating margin -€38,418
down €38,418, from €21,230 to -€17,188
- Financial income +€10,500
new in 2021: €10,500
- Taxes -€5,061
no longer reported in 2021 (was €5,061)
From the 2019 result to the 2021 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,199 | €50,374 | +€29,175 | +137.6% |
| Fixed assets | 21/28 | €8,577 | €21,305 | +€12,728 | +148.4% |
| Tangible fixed assets | 22/27 | €8,577 | €21,305 | +€12,728 | +148.4% |
| Plant, machinery and equipment | 23 | - | €2,165 | +€2,165 | |
| Furniture and vehicles | 24 | - | €19,140 | +€19,140 | |
| Current assets | 29/58 | €12,621 | €29,069 | +€16,448 | +130.3% |
| Stocks and contracts in progress | 3 | €3,519 | €3,675 | +€156 | +4.4% |
| Stocks | 30/36 | - | €3,675 | +€3,675 | |
| Amounts receivable within one year | 40/41 | €804 | €765 | -€39 | -4.8% |
| Trade receivables | 40 | - | €765 | +€765 | |
| Cash at bank and in hand | 54/58 | €8,299 | €24,629 | +€16,330 | +196.8% |
| Total equity and liabilities | 10/49 | €21,199 | €50,374 | +€29,175 | +137.6% |
| Equity | 10/15 | -€5,191 | -€2,856 | +€2,335 | +45.0% |
| Contributions | 10/11 | €18,592 | €18,596 | +€4 | 0.0% |
| Reserves | 13 | €16,733 | €16,733 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | - | €14,874 | +€14,874 | |
| Profit (loss) carried forward | 14 | -€40,516 | -€38,185 | +€2,331 | +5.8% |
| Amounts payable | 17/49 | €26,390 | €53,230 | +€26,840 | +101.7% |
| Amounts payable within one year | 42/48 | €25,134 | €53,230 | +€28,096 | +111.8% |
| Trade debts | 44 | €4,767 | €2,229 | -€2,538 | -53.2% |
| Suppliers | 440/4 | - | €2,229 | +€2,229 | |
| Taxes, remuneration and social security | 45 | - | €26,455 | +€26,455 | |
| Taxes | 450/3 | - | €5,780 | +€5,780 | |
| Remuneration and social security | 454/9 | - | €20,676 | +€20,676 | |
| Other amounts payable | 47/48 | - | €24,546 | +€24,546 | |
| Turnover | 70 | €402,521 | - | -€402,521 | |
| Gross operating margin | 9900 | €21,230 | -€17,188 | -€38,418 | |
| Operating profit (loss) | 9901 | €21,230 | -€17,188 | -€38,418 | |
| Financial income | 75/76B | - | €10,500 | +€10,500 | |
| Recurring financial income | 75 | - | €10,500 | +€10,500 | |
| Financial charges | 65/66B | - | €172 | +€172 | |
| Recurring financial charges | 65 | €404 | €172 | -€232 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €20,826 | -€6,860 | -€27,686 | |
| Income taxes | 67/77 | €5,061 | - | -€5,061 | |
| Profit (loss) for the period | 9904 | €15,764 | -€6,860 | -€22,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,764 | -€6,860 | -€22,624 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.