H & D TECHNOLOGIE: what changed
What changed
H & D TECHNOLOGIE
NACE 90.393, Specialised image, lighting and sound technical services
filed annual accounts (NBB)
Net result for the year
-€11,984
2024 · €86,853-€98,837
Equity
€154,836
2024 · €166,820-€11,984
Cash
-
2024 · €0
Balance sheet total
€704,275
2024 · €583,626+€120,649
Largest movements
Assets
- Tangible fixed assets +€109,064
up €109,064 (+22.0%), from €496,009 to €605,073
of which Leasing and similar rights: +€188,649
- Deferred charges and accrued income +€13,733
up €13,733, from €0 to €13,733
Equity and liabilities
- Debts after one year +€123,933
up €123,933 (+55.9%), from €221,516 to €345,449
- Trade debts -€50,420
down €50,420 (-42.3%), from €119,314 to €68,894
- Current portion of long-term debt +€37,432
up €37,432 (+82.5%), from €45,347 to €82,779
- Short-term financial debts +€25,492
up €25,492 (+113%), from €22,544 to €48,036
- Profit (loss) carried forward -€11,984
down €11,984 (-73.2%), from €16,361 to €4,377
Income statement
- Gross operating margin -€75,892
down €75,892 (-31.6%), from €240,388 to €164,496
- Depreciation +€40,423
up €40,423 (+33.6%), from €120,460 to €160,883
- Write-downs -€20,880
down €20,880 (-100%), from €20,880 to €0
- Financial charges +€3,570
up €3,570 (+33.5%), from €10,662 to €14,232
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€86,853
Gross operating margin
-€75,892
Depreciation
-€40,423
Write-downs
+€20,880
Other operating charges
-€228
Financial income
-€130
Financial charges
-€3,570
Taxes
+€525
Result 2025
-€11,984
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,090
Investment
-€269,947
Financing
+€186,857
Cash 2024
€0
From operations (derived)
+€83,090
Net result for the year
-€11,984
Depreciation
+€160,883
Stocks and contracts
+€3,590
Receivables within one year
-€1,442
Deferred charges and accrued income
-€13,733
Trade debts
-€50,420
Tax, wage and social debts
-€3,805
Investment (derived)
-€269,947
Investment in fixed assets (net)
-€269,947
Financing
+€186,857
Debts after one year
+€123,933
Current portion of long-term debt
+€37,432
Short-term financial debts
+€25,492
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,626 | €704,275 | +€120,649 | +20.7% |
| Fixed assets | 21/28 | €505,383 | €614,447 | +€109,064 | +21.6% |
| Tangible fixed assets | 22/27 | €496,009 | €605,073 | +€109,064 | +22.0% |
| Plant, machinery and equipment | 23 | €420,169 | €344,397 | -€75,773 | -18.0% |
| Furniture and vehicles | 24 | €5,439 | €1,626 | -€3,812 | -70.1% |
| Leasing and similar rights | 25 | €70,401 | €259,050 | +€188,649 | +268% |
| Financial fixed assets | 28 | €9,374 | €9,374 | = | 0.0% |
| Current assets | 29/58 | €78,243 | €89,828 | +€11,585 | +14.8% |
| Stocks and contracts in progress | 3 | €17,430 | €13,840 | -€3,590 | -20.6% |
| Stocks | 30/36 | €17,430 | €13,840 | -€3,590 | -20.6% |
| Amounts receivable within one year | 40/41 | €60,813 | €62,255 | +€1,442 | +2.4% |
| Trade receivables | 40 | €59,656 | €60,285 | +€629 | +1.1% |
| Other amounts receivable | 41 | €1,158 | €1,971 | +€813 | +70.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | €13,733 | +€13,733 | |
| Total equity and liabilities | 10/49 | €583,626 | €704,275 | +€120,649 | +20.7% |
| Equity | 10/15 | €166,820 | €154,836 | -€11,984 | -7.2% |
| Contributions | 10/11 | €148,600 | €148,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,361 | €4,377 | -€11,984 | -73.2% |
| Amounts payable | 17/49 | €416,806 | €549,439 | +€132,633 | +31.8% |
| Amounts payable after more than one year | 17 | €221,516 | €345,449 | +€123,933 | +55.9% |
| Financial debts | 170/4 | €221,516 | €345,449 | +€123,933 | +55.9% |
| Amounts payable within one year | 42/48 | €191,068 | €199,767 | +€8,700 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €45,347 | €82,779 | +€37,432 | +82.5% |
| Financial debts | 43 | €22,544 | €48,036 | +€25,492 | +113% |
| Credit institutions | 430/8 | €22,544 | €48,036 | +€25,492 | +113% |
| Trade debts | 44 | €119,314 | €68,894 | -€50,420 | -42.3% |
| Suppliers | 440/4 | €119,314 | €68,894 | -€50,420 | -42.3% |
| Taxes, remuneration and social security | 45 | €3,863 | €58 | -€3,805 | -98.5% |
| Taxes | 450/3 | €3,863 | €58 | -€3,805 | -98.5% |
| Accrued charges and deferred income | 492/3 | €4,223 | €4,223 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,460 | €160,883 | +€40,423 | +33.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,880 | €0 | -€20,880 | -100% |
| Other operating charges | 640/8 | €1,144 | €1,372 | +€228 | +19.9% |
| Gross operating margin | 9900 | €240,388 | €164,496 | -€75,892 | -31.6% |
| Operating profit (loss) | 9901 | €97,903 | €2,241 | -€95,663 | -97.7% |
| Financial income | 75/76B | €137 | €7 | -€130 | -94.7% |
| Recurring financial income | 75 | €137 | €7 | -€130 | -94.7% |
| Financial charges | 65/66B | €10,662 | €14,232 | +€3,570 | +33.5% |
| Recurring financial charges | 65 | €10,662 | €14,232 | +€3,570 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €87,378 | -€11,984 | -€99,362 | |
| Income taxes | 67/77 | €525 | €0 | -€525 | -100% |
| Profit (loss) for the period | 9904 | €86,853 | -€11,984 | -€98,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,853 | -€11,984 | -€98,837 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.