HD Accountancy: 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.
HD Accountancy
Largest movements
- Tangible fixed assets +€693,189
up €693,189 (+408%), from €169,897 to €863,087
of which Land and buildings: +€843,381
- Deferred charges and accrued income -€285,702
down €285,702 (-96.0%), from €297,483 to €11,781
- Debts after one year +€466,955
up €466,955 (+122%), from €384,214 to €851,169
- Other debts -€77,024
down €77,024 (-57.4%), from €134,272 to €57,248
- Current portion of long-term debt +€13,122
up €13,122 (+37.2%), from €35,271 to €48,393
- Gross operating margin +€45,741
up €45,741 (+68.1%), from €67,153 to €112,894
- Other operating charges +€41,498
up €41,498 (+2,903%), from €1,430 to €42,927
- Financial charges +€24,568
up €24,568 (+161%), from €15,239 to €39,807
- Taxes -€6,421
down €6,421 (-77.7%), from €8,265 to €1,844
- Depreciation -€5,096
down €5,096 (-20.2%), from €25,213 to €20,117
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €758,820 | €1,176,035 | +€417,214 | +55.0% |
| Fixed assets | 21/28 | €169,897 | €863,087 | +€693,189 | +408% |
| Tangible fixed assets | 22/27 | €169,897 | €863,087 | +€693,189 | +408% |
| Land and buildings | 22 | - | €843,381 | +€843,381 | |
| Plant, machinery and equipment | 23 | €3,840 | €308 | -€3,532 | -92.0% |
| Furniture and vehicles | 24 | €1,443 | €9,581 | +€8,138 | +564% |
| Other tangible fixed assets | 26 | €164,615 | - | -€164,615 | |
| Assets under construction and advance payments | 27 | - | €9,817 | +€9,817 | |
| Current assets | 29/58 | €588,923 | €312,948 | -€275,975 | -46.9% |
| Amounts receivable within one year | 40/41 | €270,000 | €270,000 | = | 0.0% |
| Other amounts receivable | 41 | €270,000 | €270,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,440 | €31,167 | +€9,727 | +45.4% |
| Deferred charges and accrued income | 490/1 | €297,483 | €11,781 | -€285,702 | -96.0% |
| Total equity and liabilities | 10/49 | €758,820 | €1,176,035 | +€417,214 | +55.0% |
| Equity | 10/15 | €185,190 | €196,631 | +€11,441 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,320 | €142,320 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,611 | €1,611 | = | 0.0% |
| Distributable reserves | 133 | €140,709 | €140,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,270 | €35,712 | +€11,441 | +47.1% |
| Amounts payable | 17/49 | €573,630 | €979,403 | +€405,773 | +70.7% |
| Amounts payable after more than one year | 17 | €384,214 | €851,169 | +€466,955 | +122% |
| Financial debts | 170/4 | €384,214 | €851,169 | +€466,955 | +122% |
| Amounts payable within one year | 42/48 | €182,075 | €128,234 | -€53,841 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €35,271 | €48,393 | +€13,122 | +37.2% |
| Financial debts | 43 | €140 | - | -€140 | |
| Credit institutions | 430/8 | €140 | - | -€140 | |
| Trade debts | 44 | €1,425 | €5,123 | +€3,698 | +259% |
| Suppliers | 440/4 | €1,425 | €5,123 | +€3,698 | +259% |
| Taxes, remuneration and social security | 45 | €10,966 | €17,470 | +€6,504 | +59.3% |
| Taxes | 450/3 | €10,966 | €17,470 | +€6,504 | +59.3% |
| Other amounts payable | 47/48 | €134,272 | €57,248 | -€77,024 | -57.4% |
| Accrued charges and deferred income | 492/3 | €7,341 | - | -€7,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,213 | €20,117 | -€5,096 | -20.2% |
| Other operating charges | 640/8 | €1,430 | €42,927 | +€41,498 | +2,903% |
| Gross operating margin | 9900 | €67,153 | €112,894 | +€45,741 | +68.1% |
| Operating profit (loss) | 9901 | €40,511 | €49,850 | +€9,339 | +23.1% |
| Financial income | 75/76B | €2,838 | €3,242 | +€404 | +14.2% |
| Recurring financial income | 75 | €2,838 | €3,242 | +€404 | +14.2% |
| Financial charges | 65/66B | €15,239 | €39,807 | +€24,568 | +161% |
| Recurring financial charges | 65 | €15,239 | €39,807 | +€24,568 | +161% |
| Profit (loss) for the period before taxes | 9903 | €28,110 | €13,285 | -€14,825 | -52.7% |
| Income taxes | 67/77 | €8,265 | €1,844 | -€6,421 | -77.7% |
| Profit (loss) for the period | 9904 | €19,845 | €11,441 | -€8,404 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,845 | €11,441 | -€8,404 | -42.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.