H DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets -€46,663
down €46,663 (-16.1%), from €289,364 to €242,702
of which Plant, machinery and equipment: -€46,367
- Profit (loss) carried forward -€62,924
down €62,924 (-14.3%), from -€440,957 to -€503,881
- Other debts +€26,056
up €26,056 (+16.8%), from €155,478 to €181,533
- Debts after one year +€16,902
up €16,902 (+5.7%), from €298,886 to €315,788
- Current portion of long-term debt -€14,166
down €14,166 (-42.7%), from €33,203 to €19,037
- Tax, wage and social debts -€7,589
no longer reported in 2024 (was €7,589)
of which Taxes: -€6,790
- Gross operating margin -€34,675
down €34,675 (-75.0%), from €46,223 to €11,548
- Financial charges +€11,464
up €11,464 (+70.5%), from €16,252 to €27,716
- Staff costs -€6,333
down €6,333 (-99.0%), from €6,399 to €66
- Other operating charges -€4,567
down €4,567 (-99.4%), from €4,595 to €28
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,932 | €260,697 | -€45,235 | -14.8% |
| Fixed assets | 21/28 | €300,400 | €253,737 | -€46,663 | -15.5% |
| Tangible fixed assets | 22/27 | €289,364 | €242,702 | -€46,663 | -16.1% |
| Plant, machinery and equipment | 23 | €288,243 | €241,876 | -€46,367 | -16.1% |
| Furniture and vehicles | 24 | €1,121 | €826 | -€296 | -26.4% |
| Financial fixed assets | 28 | €11,035 | €11,035 | = | 0.0% |
| Current assets | 29/58 | €5,532 | €6,959 | +€1,428 | +25.8% |
| Stocks and contracts in progress | 3 | €2,196 | €2,196 | = | 0.0% |
| Stocks | 30/36 | €2,196 | €2,196 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,412 | €1,447 | +€35 | +2.5% |
| Trade receivables | 40 | €676 | €605 | -€71 | -10.5% |
| Other amounts receivable | 41 | €735 | €842 | +€106 | +14.4% |
| Cash at bank and in hand | 54/58 | €1,924 | €317 | -€1,607 | -83.5% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €305,932 | €260,697 | -€45,235 | -14.8% |
| Equity | 10/15 | -€198,388 | -€264,390 | -€66,003 | -33.3% |
| Contributions | 10/11 | €228,600 | €228,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€440,957 | -€503,881 | -€62,924 | -14.3% |
| Investment grants | 15 | €13,970 | €10,891 | -€3,079 | -22.0% |
| Amounts payable | 17/49 | €504,319 | €525,087 | +€20,768 | +4.1% |
| Amounts payable after more than one year | 17 | €298,886 | €315,788 | +€16,902 | +5.7% |
| Financial debts | 170/4 | €298,886 | €315,788 | +€16,902 | +5.7% |
| Amounts payable within one year | 42/48 | €205,433 | €209,299 | +€3,866 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €33,203 | €19,037 | -€14,166 | -42.7% |
| Trade debts | 44 | €9,164 | €8,729 | -€435 | -4.7% |
| Suppliers | 440/4 | €9,164 | €8,729 | -€435 | -4.7% |
| Taxes, remuneration and social security | 45 | €7,589 | - | -€7,589 | |
| Taxes | 450/3 | €6,790 | - | -€6,790 | |
| Remuneration and social security | 454/9 | €799 | - | -€799 | |
| Other amounts payable | 47/48 | €155,478 | €181,533 | +€26,056 | +16.8% |
| Remuneration, social security and pensions | 62 | €6,399 | €66 | -€6,333 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,425 | €46,663 | +€238 | +0.5% |
| Other operating charges | 640/8 | €4,595 | €28 | -€4,567 | -99.4% |
| Gross operating margin | 9900 | €46,223 | €11,548 | -€34,675 | -75.0% |
| Operating profit (loss) | 9901 | -€11,196 | -€35,209 | -€24,012 | -214.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1011.1% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1011.1% |
| Financial charges | 65/66B | €16,252 | €27,716 | +€11,464 | +70.5% |
| Recurring financial charges | 65 | €16,252 | €27,716 | +€11,464 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,448 | -€62,924 | -€35,476 | -129.2% |
| Profit (loss) for the period | 9904 | -€27,448 | -€62,924 | -€35,476 | -129.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,448 | -€62,924 | -€35,476 | -129.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.