H&D Service: 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 Service
Largest movements
- Receivables within one year +€9,747
up €9,747 (+56.4%), from €17,287 to €27,034
of which Trade receivables: +€14,520
- Cash +€3,490
up €3,490 (+480%), from €727 to €4,216
mainly Net result for the year (+€8,225) and Tax, wage and social debts (+€5,797)
- Tangible fixed assets -€617
down €617 (-34.4%), from €1,794 to €1,178
- Profit (loss) carried forward +€8,225
up €8,225 (+121%), from €6,811 to €15,036
- Tax, wage and social debts +€5,797
up €5,797 (+193%), from €3,004 to €8,801
of which Remuneration and social security: +€2,975
- Other debts -€1,444
down €1,444 (-44.5%), from €3,247 to €1,803
- Gross operating margin +€13,818
up €13,818, from -€2,159 to €11,659
- Taxes +€1,734
up €1,734 (+1,262%), from €137 to €1,871
- Depreciation +€228
up €228 (+58.8%), from €388 to €617
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 | €19,808 | €32,428 | +€12,620 | +63.7% |
| Fixed assets | 21/28 | €1,794 | €1,178 | -€617 | -34.4% |
| Tangible fixed assets | 22/27 | €1,794 | €1,178 | -€617 | -34.4% |
| Plant, machinery and equipment | 23 | €1,794 | €1,178 | -€617 | -34.4% |
| Current assets | 29/58 | €18,013 | €31,250 | +€13,237 | +73.5% |
| Amounts receivable within one year | 40/41 | €17,287 | €27,034 | +€9,747 | +56.4% |
| Trade receivables | 40 | €0 | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €17,287 | €12,514 | -€4,773 | -27.6% |
| Cash at bank and in hand | 54/58 | €727 | €4,216 | +€3,490 | +480% |
| Total equity and liabilities | 10/49 | €19,808 | €32,428 | +€12,620 | +63.7% |
| Equity | 10/15 | €11,811 | €20,036 | +€8,225 | +69.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,811 | €15,036 | +€8,225 | +121% |
| Amounts payable | 17/49 | €7,996 | €12,391 | +€4,395 | +55.0% |
| Amounts payable within one year | 42/48 | €7,996 | €12,391 | +€4,395 | +55.0% |
| Trade debts | 44 | €1,745 | €1,787 | +€42 | +2.4% |
| Suppliers | 440/4 | €1,745 | €1,787 | +€42 | +2.4% |
| Taxes, remuneration and social security | 45 | €3,004 | €8,801 | +€5,797 | +193% |
| Taxes | 450/3 | €3,004 | €5,826 | +€2,822 | +93.9% |
| Remuneration and social security | 454/9 | - | €2,975 | +€2,975 | |
| Other amounts payable | 47/48 | €3,247 | €1,803 | -€1,444 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €617 | +€228 | +58.8% |
| Other operating charges | 640/8 | €671 | €746 | +€75 | +11.1% |
| Gross operating margin | 9900 | -€2,159 | €11,659 | +€13,818 | |
| Operating profit (loss) | 9901 | -€3,218 | €10,297 | +€13,515 | |
| Financial charges | 65/66B | €161 | €200 | +€39 | +24.4% |
| Recurring financial charges | 65 | €161 | €200 | +€39 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,380 | €10,096 | +€13,476 | |
| Income taxes | 67/77 | €137 | €1,871 | +€1,734 | +1,262% |
| Profit (loss) for the period | 9904 | -€3,517 | €8,225 | +€11,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,517 | €8,225 | +€11,742 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.