HBDA: 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.
HBDA
Largest movements
- Tangible fixed assets -€19,747
down €19,747 (-24.1%), from €81,802 to €62,055
- Receivables within one year -€6,482
down €6,482 (-27.9%), from €23,251 to €16,769
- Deferred charges and accrued income +€1,210
up €1,210 (+97.1%), from €1,246 to €2,456
- Profit (loss) carried forward -€29,984
down €29,984, from €7,117 to -€22,867
- Trade debts +€15,013
up €15,013 (+431%), from €3,483 to €18,495
- Debts after one year -€9,704
down €9,704 (-16.6%), from €58,475 to €48,771
- Tax, wage and social debts -€7,675
down €7,675 (-40.8%), from €18,790 to €11,115
of which Taxes: -€10,518
- Other debts +€7,361
up €7,361 (+53.2%), from €13,834 to €21,195
- Gross operating margin -€28,507
down €28,507, from €24,937 to -€3,570
- Depreciation +€7,801
up €7,801 (+65.3%), from €11,945 to €19,747
- Other operating charges -€4,730
down €4,730 (-52.0%), from €9,103 to €4,373
- Taxes -€2,820
down €2,820 (-86.3%), from €3,267 to €447
- Financial charges -€529
down €529 (-22.2%), from €2,381 to €1,852
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.
Derived cash bridge
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 | €114,024 | €89,579 | -€24,445 | -21.4% |
| Fixed assets | 21/28 | €81,802 | €62,055 | -€19,747 | -24.1% |
| Tangible fixed assets | 22/27 | €81,802 | €62,055 | -€19,747 | -24.1% |
| Furniture and vehicles | 24 | €81,802 | €62,055 | -€19,747 | -24.1% |
| Current assets | 29/58 | €32,222 | €27,524 | -€4,698 | -14.6% |
| Amounts receivable within one year | 40/41 | €23,251 | €16,769 | -€6,482 | -27.9% |
| Trade receivables | 40 | €23,251 | €16,769 | -€6,482 | -27.9% |
| Cash at bank and in hand | 54/58 | €7,725 | €8,299 | +€573 | +7.4% |
| Deferred charges and accrued income | 490/1 | €1,246 | €2,456 | +€1,210 | +97.1% |
| Total equity and liabilities | 10/49 | €114,024 | €89,579 | -€24,445 | -21.4% |
| Equity | 10/15 | €10,117 | -€19,867 | -€29,984 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,117 | -€22,867 | -€29,984 | |
| Amounts payable | 17/49 | €103,907 | €109,446 | +€5,539 | +5.3% |
| Amounts payable after more than one year | 17 | €58,475 | €48,771 | -€9,704 | -16.6% |
| Financial debts | 170/4 | €58,475 | €48,771 | -€9,704 | -16.6% |
| Amounts payable within one year | 42/48 | €45,432 | €60,509 | +€15,076 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €9,326 | €9,704 | +€378 | +4.1% |
| Trade debts | 44 | €3,483 | €18,495 | +€15,013 | +431% |
| Suppliers | 440/4 | €3,483 | €18,495 | +€15,013 | +431% |
| Taxes, remuneration and social security | 45 | €18,790 | €11,115 | -€7,675 | -40.8% |
| Taxes | 450/3 | €18,790 | €8,272 | -€10,518 | -56.0% |
| Remuneration and social security | 454/9 | - | €2,843 | +€2,843 | |
| Other amounts payable | 47/48 | €13,834 | €21,195 | +€7,361 | +53.2% |
| Accrued charges and deferred income | 492/3 | - | €166 | +€166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,945 | €19,747 | +€7,801 | +65.3% |
| Other operating charges | 640/8 | €9,103 | €4,373 | -€4,730 | -52.0% |
| Gross operating margin | 9900 | €24,937 | -€3,570 | -€28,507 | |
| Operating profit (loss) | 9901 | €3,888 | -€27,690 | -€31,578 | |
| Financial income | 75/76B | €1 | €5 | +€4 | +828% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +828% |
| Financial charges | 65/66B | €2,381 | €1,852 | -€529 | -22.2% |
| Recurring financial charges | 65 | €2,381 | €1,852 | -€529 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €1,507 | -€29,537 | -€31,045 | |
| Income taxes | 67/77 | €3,267 | €447 | -€2,820 | -86.3% |
| Profit (loss) for the period | 9904 | -€1,760 | -€29,984 | -€28,224 | -1,604% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,760 | -€29,984 | -€28,224 | -1,604% |
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 14 October 2026 via checked.be.