H & D SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€28,170
down €28,170 (-89.6%), from €31,457 to €3,287
mainly Deferred charges and accrued income (-€17,074) and Debts after one year (-€13,261)
- Deferred charges and accrued income +€17,074
up €17,074 (+1,138%), from €1,501 to €18,575
- Tangible fixed assets -€10,719
down €10,719 (-5.7%), from €189,091 to €178,372
of which Land and buildings: -€7,982
- Debts after one year -€13,261
down €13,261 (-82.3%), from €16,122 to €2,862
- Profit (loss) carried forward -€7,393
down €7,393 (-19.3%), from €38,352 to €30,959
- Purchases and services -€22,731
down €22,731 (-30.8%), from €73,873 to €51,142
- Gross operating margin -€14,422
down €14,422 (-61.5%), from €23,460 to €9,039
- Turnover -€5,929
down €5,929 (-11.8%), from €50,444 to €44,515
- Depreciation -€1,044
down €1,044 (-7.8%), from €13,373 to €12,329
- Other operating charges +€1,034
up €1,034 (+52.9%), from €1,955 to €2,988
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 | €361,495 | €341,621 | -€19,874 | -5.5% |
| Fixed assets | 21/28 | €191,091 | €180,372 | -€10,719 | -5.6% |
| Tangible fixed assets | 22/27 | €189,091 | €178,372 | -€10,719 | -5.7% |
| Land and buildings | 22 | €174,247 | €166,265 | -€7,982 | -4.6% |
| Plant, machinery and equipment | 23 | €2,958 | €3,273 | +€315 | +10.7% |
| Furniture and vehicles | 24 | €1,277 | €1,128 | -€149 | -11.7% |
| Other tangible fixed assets | 26 | €10,609 | €7,706 | -€2,903 | -27.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €170,404 | €161,249 | -€9,155 | -5.4% |
| Stocks and contracts in progress | 3 | €5,205 | €4,855 | -€350 | -6.7% |
| Stocks | 30/36 | €5,205 | €4,855 | -€350 | -6.7% |
| Amounts receivable within one year | 40/41 | €132,242 | €134,533 | +€2,291 | +1.7% |
| Trade receivables | 40 | €120,176 | €112,153 | -€8,023 | -6.7% |
| Other amounts receivable | 41 | €12,066 | €22,380 | +€10,314 | +85.5% |
| Cash at bank and in hand | 54/58 | €31,457 | €3,287 | -€28,170 | -89.6% |
| Deferred charges and accrued income | 490/1 | €1,501 | €18,575 | +€17,074 | +1,138% |
| Total equity and liabilities | 10/49 | €361,495 | €341,621 | -€19,874 | -5.5% |
| Equity | 10/15 | €328,873 | €321,481 | -€7,393 | -2.2% |
| Contributions | 10/11 | €288,448 | €288,448 | = | 0.0% |
| Reserves | 13 | €2,074 | €2,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,074 | €2,074 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,074 | €2,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,352 | €30,959 | -€7,393 | -19.3% |
| Amounts payable | 17/49 | €32,622 | €20,140 | -€12,481 | -38.3% |
| Amounts payable after more than one year | 17 | €16,122 | €2,862 | -€13,261 | -82.3% |
| Financial debts | 170/4 | €16,122 | €2,862 | -€13,261 | -82.3% |
| Amounts payable within one year | 42/48 | €15,464 | €17,279 | +€1,814 | +11.7% |
| Financial debts | 43 | €12,776 | €13,261 | +€485 | +3.8% |
| Credit institutions | 430/8 | €12,776 | €13,261 | +€485 | +3.8% |
| Trade debts | 44 | €1,572 | €2,901 | +€1,329 | +84.6% |
| Suppliers | 440/4 | €1,572 | €2,901 | +€1,329 | +84.6% |
| Taxes, remuneration and social security | 45 | €391 | €391 | = | 0.0% |
| Taxes | 450/3 | €391 | €391 | = | 0.0% |
| Other amounts payable | 47/48 | €726 | €726 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,035 | - | -€1,035 | |
| Turnover | 70 | €50,444 | €44,515 | -€5,929 | -11.8% |
| Non-recurring operating income | 76A | €46,889 | €15,665 | -€31,223 | -66.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,873 | €51,142 | -€22,731 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,373 | €12,329 | -€1,044 | -7.8% |
| Other operating charges | 640/8 | €1,955 | €2,988 | +€1,034 | +52.9% |
| Gross operating margin | 9900 | €23,460 | €9,039 | -€14,422 | -61.5% |
| Operating profit (loss) | 9901 | €8,133 | -€6,279 | -€14,411 | |
| Financial income | 75/76B | €225 | €385 | +€160 | +71.2% |
| Recurring financial income | 75 | €225 | €385 | +€160 | +71.2% |
| Financial charges | 65/66B | €1,448 | €1,042 | -€406 | -28.0% |
| Recurring financial charges | 65 | €1,448 | €1,042 | -€406 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €6,909 | -€6,936 | -€13,846 | |
| Income taxes | 67/77 | - | €456 | +€456 | |
| Profit (loss) for the period | 9904 | €6,909 | -€7,393 | -€14,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,909 | -€7,393 | -€14,302 |
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 25 October 2026 via checked.be.