HD+: 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.
HD+
Largest movements
- Receivables within one year +€99,490
up €99,490 (+144.4%), from €68,906 to €168,396
of which Other amounts receivable: +€90,604
- Cash +€10,608
up €10,608 (+995.7%), from €1,065 to €11,674
mainly Net result for the year (+€73,626) and Trade debts (+€70,228)
- Tangible fixed assets +€2,555
new in 2024: €2,555
- Trade debts +€70,228
up €70,228 (+527.2%), from €13,320 to €83,548
- Profit (loss) carried forward +€69,898
up €69,898 (+1875.2%), from €3,728 to €73,626
- Accrued charges and deferred income -€26,757
no longer reported in 2024 (was €26,757)
- Reserves +€3,728
new in 2024: €3,728
- Tax, wage and social debts -€3,266
down €3,266 (-18.4%), from €17,728 to €14,462
- Gross operating margin +€73,362
up €73,362, from -€611 to €72,751
- Financial income +€5,955
new in 2024: €5,955
- Other operating charges +€989
up €989 (+469.3%), from €211 to €1,200
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 | €70,272 | €182,926 | +€112,654 | +160.3% |
| Fixed assets | 21/28 | €300 | €2,855 | +€2,555 | +851.8% |
| Tangible fixed assets | 22/27 | - | €2,555 | +€2,555 | |
| Plant, machinery and equipment | 23 | - | €2,555 | +€2,555 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €69,972 | €180,070 | +€110,098 | +157.3% |
| Amounts receivable within one year | 40/41 | €68,906 | €168,396 | +€99,490 | +144.4% |
| Trade receivables | 40 | - | €8,886 | +€8,886 | |
| Other amounts receivable | 41 | €68,906 | €159,510 | +€90,604 | +131.5% |
| Cash at bank and in hand | 54/58 | €1,065 | €11,674 | +€10,608 | +995.7% |
| Total equity and liabilities | 10/49 | €70,272 | €182,926 | +€112,654 | +160.3% |
| Equity | 10/15 | €8,728 | €82,354 | +€73,626 | +843.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €3,728 | +€3,728 | |
| Distributable reserves | 133 | - | €3,728 | +€3,728 | |
| Profit (loss) carried forward | 14 | €3,728 | €73,626 | +€69,898 | +1875.2% |
| Amounts payable | 17/49 | €61,544 | €100,572 | +€39,028 | +63.4% |
| Amounts payable within one year | 42/48 | €34,787 | €100,572 | +€65,784 | +189.1% |
| Current portion of amounts payable after more than one year | 42 | €3,739 | €2,562 | -€1,177 | -31.5% |
| Trade debts | 44 | €13,320 | €83,548 | +€70,228 | +527.2% |
| Suppliers | 440/4 | €13,320 | €83,548 | +€70,228 | +527.2% |
| Taxes, remuneration and social security | 45 | €17,728 | €14,462 | -€3,266 | -18.4% |
| Taxes | 450/3 | €17,728 | €14,462 | -€3,266 | -18.4% |
| Accrued charges and deferred income | 492/3 | €26,757 | - | -€26,757 | |
| Remuneration, social security and pensions | 62 | €33 | €548 | +€515 | +1541.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €639 | +€639 | |
| Other operating charges | 640/8 | €211 | €1,200 | +€989 | +469.3% |
| Non-recurring operating charges | 66A | €560 | €1,354 | +€795 | +142.0% |
| Gross operating margin | 9900 | -€611 | €72,751 | +€73,362 | |
| Operating profit (loss) | 9901 | -€1,415 | €69,010 | +€70,424 | |
| Financial income | 75/76B | - | €5,955 | +€5,955 | |
| Recurring financial income | 75 | - | €5,955 | +€5,955 | |
| Financial charges | 65/66B | €669 | €1,338 | +€670 | +100.2% |
| Recurring financial charges | 65 | €669 | €1,338 | +€670 | +100.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,083 | €73,626 | +€75,709 | |
| Profit (loss) for the period | 9904 | -€2,083 | €73,626 | +€75,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,083 | €73,626 | +€75,709 |
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 6 October 2026 via checked.be.