HD ADVISORY: 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 ADVISORY
Largest movements
- Receivables within one year +€2,529
up €2,529 (+23.4%), from €10,801 to €13,330
of which Trade receivables: +€2,515
- Deferred charges and accrued income +€391
up €391 (+4.2%), from €9,199 to €9,590
- Cash +€312
up €312 (+6.2%), from €4,993 to €5,305
mainly Net result for the year (+€72,939) and Tax, wage and social debts (+€9,021)
- Other debts -€78,942
down €78,942 (-81.5%), from €96,868 to €17,926
- Reserves +€72,900
up €72,900 (+3919.4%), from €1,860 to €74,760
- Tax, wage and social debts +€9,021
up €9,021 (+220.4%), from €4,092 to €13,114
- Gross operating margin +€74,864
up €74,864 (+1326.1%), from €5,645 to €80,509
- Taxes +€7,290
new in 2025: €7,290
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.
Cash bridge derived
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 | €24,993 | €28,225 | +€3,232 | +12.9% |
| Current assets | 29/58 | €24,993 | €28,225 | +€3,232 | +12.9% |
| Amounts receivable within one year | 40/41 | €10,801 | €13,330 | +€2,529 | +23.4% |
| Trade receivables | 40 | €10,797 | €13,312 | +€2,515 | +23.3% |
| Other amounts receivable | 41 | €4 | €18 | +€14 | +337.4% |
| Cash at bank and in hand | 54/58 | €4,993 | €5,305 | +€312 | +6.2% |
| Deferred charges and accrued income | 490/1 | €9,199 | €9,590 | +€391 | +4.2% |
| Total equity and liabilities | 10/49 | €24,993 | €28,225 | +€3,232 | +12.9% |
| Equity | 10/15 | -€85,041 | -€12,102 | +€72,939 | +85.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €74,760 | +€72,900 | +3919.4% |
| Distributable reserves | 133 | €1,860 | €74,760 | +€72,900 | +3919.4% |
| Profit (loss) carried forward | 14 | -€105,501 | -€105,462 | +€39 | 0.0% |
| Amounts payable | 17/49 | €110,035 | €40,328 | -€69,707 | -63.4% |
| Amounts payable within one year | 42/48 | €110,035 | €40,328 | -€69,707 | -63.4% |
| Trade debts | 44 | €9,074 | €9,288 | +€214 | +2.4% |
| Suppliers | 440/4 | €9,074 | €9,288 | +€214 | +2.4% |
| Taxes, remuneration and social security | 45 | €4,092 | €13,114 | +€9,021 | +220.4% |
| Taxes | 450/3 | €4,092 | €13,114 | +€9,021 | +220.4% |
| Other amounts payable | 47/48 | €96,868 | €17,926 | -€78,942 | -81.5% |
| Other operating charges | 640/8 | €20 | €20 | = | 0.0% |
| Gross operating margin | 9900 | €5,645 | €80,509 | +€74,864 | +1326.1% |
| Operating profit (loss) | 9901 | €5,625 | €80,489 | +€74,864 | +1330.8% |
| Financial charges | 65/66B | €63 | €260 | +€197 | +310.5% |
| Recurring financial charges | 65 | €63 | €260 | +€197 | +310.5% |
| Profit (loss) for the period before taxes | 9903 | €5,562 | €80,229 | +€74,667 | +1342.4% |
| Income taxes | 67/77 | - | €7,290 | +€7,290 | |
| Profit (loss) for the period | 9904 | €5,562 | €72,939 | +€67,377 | +1211.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,562 | €72,939 | +€67,377 | +1211.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.