HB DESIGN: 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.
HB DESIGN
Largest movements
- Cash -€11,502
down €11,502 (-42.9%), from €26,822 to €15,320
mainly Trade debts (-€16,991) and Current portion of long-term debt (-€15,051)
- Tangible fixed assets -€6,165
down €6,165 (-6.8%), from €90,882 to €84,717
of which Land and buildings: -€5,123
- Stocks and contracts +€2,117
up €2,117 (+141.1%), from €1,500 to €3,617
of which Contracts in progress: +€2,717
- Reserves +€22,680
up €22,680 (+33.4%), from €67,847 to €90,527
- Trade debts -€16,991
down €16,991 (-67.2%), from €25,286 to €8,295
- Current portion of long-term debt -€15,051
down €15,051 (-73.4%), from €20,500 to €5,449
- Tax, wage and social debts -€5,643
down €5,643 (-50.0%), from €11,288 to €5,646
- Debts after one year -€4,368
no longer reported in 2024 (was €4,368)
- Gross operating margin +€21,424
up €21,424 (+76.7%), from €27,940 to €49,364
- Depreciation -€9,295
down €9,295 (-54.5%), from €17,054 to €7,759
- Taxes +€7,740
up €7,740 (+359.1%), from €2,155 to €9,896
- Financial charges -€897
down €897 (-47.5%), from €1,887 to €990
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 | €142,048 | €125,897 | -€16,151 | -11.4% |
| Fixed assets | 21/28 | €90,882 | €84,717 | -€6,165 | -6.8% |
| Tangible fixed assets | 22/27 | €90,882 | €84,717 | -€6,165 | -6.8% |
| Land and buildings | 22 | €84,355 | €79,232 | -€5,123 | -6.1% |
| Plant, machinery and equipment | 23 | €4,442 | €3,074 | -€1,368 | -30.8% |
| Furniture and vehicles | 24 | €199 | €1,153 | +€955 | +480.8% |
| Other tangible fixed assets | 26 | €1,887 | €1,258 | -€629 | -33.3% |
| Current assets | 29/58 | €51,166 | €41,180 | -€9,986 | -19.5% |
| Stocks and contracts in progress | 3 | €1,500 | €3,617 | +€2,117 | +141.1% |
| Stocks | 30/36 | €1,500 | €900 | -€600 | -40.0% |
| Contracts in progress | 37 | - | €2,717 | +€2,717 | |
| Amounts receivable within one year | 40/41 | €20,291 | €20,529 | +€238 | +1.2% |
| Trade receivables | 40 | €12,168 | €13,831 | +€1,663 | +13.7% |
| Other amounts receivable | 41 | €8,122 | €6,698 | -€1,424 | -17.5% |
| Cash at bank and in hand | 54/58 | €26,822 | €15,320 | -€11,502 | -42.9% |
| Deferred charges and accrued income | 490/1 | €2,553 | €1,713 | -€840 | -32.9% |
| Total equity and liabilities | 10/49 | €142,048 | €125,897 | -€16,151 | -11.4% |
| Equity | 10/15 | €74,299 | €96,983 | +€22,684 | +30.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,847 | €90,527 | +€22,680 | +33.4% |
| Distributable reserves | 133 | €67,847 | €90,527 | +€22,680 | +33.4% |
| Profit (loss) carried forward | 14 | €253 | €256 | +€4 | +1.4% |
| Amounts payable | 17/49 | €67,749 | €28,914 | -€38,835 | -57.3% |
| Amounts payable after more than one year | 17 | €4,368 | - | -€4,368 | |
| Financial debts | 170/4 | €4,368 | - | -€4,368 | |
| Amounts payable within one year | 42/48 | €62,005 | €27,381 | -€34,623 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €20,500 | €5,449 | -€15,051 | -73.4% |
| Trade debts | 44 | €25,286 | €8,295 | -€16,991 | -67.2% |
| Suppliers | 440/4 | €25,286 | €8,295 | -€16,991 | -67.2% |
| Taxes, remuneration and social security | 45 | €11,288 | €5,646 | -€5,643 | -50.0% |
| Taxes | 450/3 | €11,288 | €5,646 | -€5,643 | -50.0% |
| Other amounts payable | 47/48 | €4,930 | €7,992 | +€3,062 | +62.1% |
| Accrued charges and deferred income | 492/3 | €1,376 | €1,533 | +€157 | +11.4% |
| Non-recurring operating income | 76A | €520 | €528 | +€9 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,054 | €7,759 | -€9,295 | -54.5% |
| Other operating charges | 640/8 | €2,422 | €2,466 | +€44 | +1.8% |
| Non-recurring operating charges | 66A | €4,513 | €663 | -€3,850 | -85.3% |
| Gross operating margin | 9900 | €27,940 | €49,364 | +€21,424 | +76.7% |
| Operating profit (loss) | 9901 | €3,951 | €38,476 | +€34,525 | +873.9% |
| Financial income | 75/76B | €334 | €94 | -€241 | -72.0% |
| Recurring financial income | 75 | €334 | €94 | -€241 | -72.0% |
| Financial charges | 65/66B | €1,887 | €990 | -€897 | -47.5% |
| Recurring financial charges | 65 | €1,887 | €990 | -€897 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €2,398 | €37,579 | +€35,181 | +1467.0% |
| Income taxes | 67/77 | €2,155 | €9,896 | +€7,740 | +359.1% |
| Profit (loss) for the period | 9904 | €243 | €27,684 | +€27,441 | +11300.8% |
| Profit (loss) for the period to be appropriated | 9905 | €243 | €27,684 | +€27,441 | +11300.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.