H.D.S.: what changed
Two fiscal 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.S.
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+2321.9%), from €57,313 to €1.4m
of which Trade receivables: +€1.4m
- Profit (loss) carried forward +€992,038
up €992,038, from -€2,504 to €989,533
- Tax, wage and social debts +€358,430
up €358,430 (+1228.8%), from €29,170 to €387,600
- Other debts -€16,176
no longer reported in 2025 (was €16,176)
- Gross operating margin +€1.4m
up €1.4m, from -€8,117 to €1.4m
- Taxes +€360,479
up €360,479 (+193141.4%), from €187 to €360,666
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.
Cash bridge derived
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 | €60,551 | €1,390,827 | +€1.3m | +2196.9% |
| Current assets | 29/58 | €60,551 | €1,390,827 | +€1.3m | +2196.9% |
| Amounts receivable within one year | 40/41 | €57,313 | €1,388,076 | +€1.3m | +2321.9% |
| Trade receivables | 40 | €7,213 | €1,376,169 | +€1.4m | +18977.8% |
| Other amounts receivable | 41 | €50,099 | €11,907 | -€38,192 | -76.2% |
| Cash at bank and in hand | 54/58 | €8 | €817 | +€809 | +10081.5% |
| Deferred charges and accrued income | 490/1 | €3,231 | €1,934 | -€1,297 | -40.1% |
| Total equity and liabilities | 10/49 | €60,551 | €1,390,827 | +€1.3m | +2196.9% |
| Equity | 10/15 | €3,693 | €995,731 | +€992,038 | +26862.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,504 | €989,533 | +€992,038 | |
| Amounts payable | 17/49 | €56,858 | €395,096 | +€338,238 | +594.9% |
| Amounts payable within one year | 42/48 | €54,835 | €395,007 | +€340,171 | +620.3% |
| Trade debts | 44 | €9,489 | €7,407 | -€2,082 | -21.9% |
| Suppliers | 440/4 | €9,489 | €7,407 | -€2,082 | -21.9% |
| Taxes, remuneration and social security | 45 | €29,170 | €387,600 | +€358,430 | +1228.8% |
| Taxes | 450/3 | €29,170 | €387,600 | +€358,430 | +1228.8% |
| Other amounts payable | 47/48 | €16,176 | - | -€16,176 | |
| Accrued charges and deferred income | 492/3 | €2,023 | €89 | -€1,934 | -95.6% |
| Other operating charges | 640/8 | €2,095 | €1,207 | -€887 | -42.4% |
| Gross operating margin | 9900 | -€8,117 | €1,354,379 | +€1.4m | |
| Operating profit (loss) | 9901 | -€10,211 | €1,353,172 | +€1.4m | |
| Financial income | 75/76B | €3,231 | €1,726 | -€1,505 | -46.6% |
| Recurring financial income | 75 | €3,231 | €1,726 | -€1,505 | -46.6% |
| Financial charges | 65/66B | €2,102 | €2,194 | +€92 | +4.4% |
| Recurring financial charges | 65 | €2,102 | €2,194 | +€92 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,083 | €1,352,703 | +€1.4m | |
| Income taxes | 67/77 | €187 | €360,666 | +€360,479 | +193141.4% |
| Profit (loss) for the period | 9904 | -€9,269 | €992,038 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,269 | €992,038 | +€1.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.