HD AUTO: 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 AUTO
Largest movements
- Receivables within one year -€274,797
down €274,797 (-29.3%), from €939,298 to €664,502
of which Trade receivables: -€284,283
- Tangible fixed assets +€263,718
up €263,718 (+347.5%), from €75,885 to €339,603
of which Other tangible fixed assets: +€264,108
- Stocks and contracts +€112,397
up €112,397 (+20.0%), from €560,630 to €673,027
- Cash +€21,373
up €21,373 (+24.6%), from €86,941 to €108,314
mainly Receivables within one year (+€274,797) and Other debts (+€204,018)
- Other debts +€204,018
up €204,018 (+159.2%), from €128,155 to €332,173
- Advances received -€82,500
no longer reported in 2025 (was €82,500)
- Profit (loss) carried forward +€44,905
new in 2025: €44,905
- Debts after one year -€36,983
down €36,983 (-22.8%), from €161,883 to €124,901
- Gross operating margin -€67,071
down €67,071 (-46.2%), from €145,275 to €78,205
- Staff costs -€19,697
no longer reported in 2025 (was €19,697)
- Taxes -€11,011
down €11,011 (-42.3%), from €26,011 to €15,000
- Other operating charges -€3,388
down €3,388 (-33.3%), from €10,166 to €6,778
- Financial charges -€3,194
down €3,194 (-28.7%), from €11,127 to €7,933
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 | €2,002,947 | €2,125,638 | +€122,691 | +6.1% |
| Fixed assets | 21/28 | €415,885 | €679,603 | +€263,718 | +63.4% |
| Tangible fixed assets | 22/27 | €75,885 | €339,603 | +€263,718 | +347.5% |
| Land and buildings | 22 | €29,347 | €29,022 | -€325 | -1.1% |
| Plant, machinery and equipment | 23 | €46,538 | €46,150 | -€388 | -0.8% |
| Furniture and vehicles | 24 | - | €323 | +€323 | |
| Other tangible fixed assets | 26 | - | €264,108 | +€264,108 | |
| Financial fixed assets | 28 | €340,000 | €340,000 | = | 0.0% |
| Current assets | 29/58 | €1,587,061 | €1,446,034 | -€141,027 | -8.9% |
| Stocks and contracts in progress | 3 | €560,630 | €673,027 | +€112,397 | +20.0% |
| Stocks | 30/36 | €560,630 | €673,027 | +€112,397 | +20.0% |
| Amounts receivable within one year | 40/41 | €939,298 | €664,502 | -€274,797 | -29.3% |
| Trade receivables | 40 | €859,220 | €574,938 | -€284,283 | -33.1% |
| Other amounts receivable | 41 | €80,078 | €89,564 | +€9,486 | +11.8% |
| Cash at bank and in hand | 54/58 | €86,941 | €108,314 | +€21,373 | +24.6% |
| Deferred charges and accrued income | 490/1 | €192 | €192 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,002,947 | €2,125,638 | +€122,691 | +6.1% |
| Equity | 10/15 | €518,043 | €562,948 | +€44,905 | +8.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €513,043 | €513,043 | = | 0.0% |
| Distributable reserves | 133 | €513,043 | €513,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €44,905 | +€44,905 | |
| Amounts payable | 17/49 | €1,484,903 | €1,562,689 | +€77,786 | +5.2% |
| Amounts payable after more than one year | 17 | €161,883 | €124,901 | -€36,983 | -22.8% |
| Financial debts | 170/4 | €161,883 | €124,901 | -€36,983 | -22.8% |
| Amounts payable within one year | 42/48 | €1,323,020 | €1,437,789 | +€114,768 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €136,518 | €141,132 | +€4,615 | +3.4% |
| Trade debts | 44 | €854,553 | €852,886 | -€1,667 | -0.2% |
| Suppliers | 440/4 | €854,553 | €852,886 | -€1,667 | -0.2% |
| Advances received on contracts in progress | 46 | €82,500 | - | -€82,500 | |
| Taxes, remuneration and social security | 45 | €121,295 | €111,598 | -€9,697 | -8.0% |
| Taxes | 450/3 | €119,724 | €109,955 | -€9,770 | -8.2% |
| Remuneration and social security | 454/9 | €1,570 | €1,643 | +€73 | +4.6% |
| Other amounts payable | 47/48 | €128,155 | €332,173 | +€204,018 | +159.2% |
| Remuneration, social security and pensions | 62 | €19,697 | - | -€19,697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,044 | €3,588 | +€1,544 | +75.5% |
| Other operating charges | 640/8 | €10,166 | €6,778 | -€3,388 | -33.3% |
| Gross operating margin | 9900 | €145,275 | €78,205 | -€67,071 | -46.2% |
| Operating profit (loss) | 9901 | €113,368 | €67,838 | -€45,530 | -40.2% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €11,127 | €7,933 | -€3,194 | -28.7% |
| Recurring financial charges | 65 | €11,127 | €7,933 | -€3,194 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €102,272 | €59,905 | -€42,367 | -41.4% |
| Income taxes | 67/77 | €26,011 | €15,000 | -€11,011 | -42.3% |
| Profit (loss) for the period | 9904 | €76,261 | €44,905 | -€31,356 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,261 | €44,905 | -€31,356 | -41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.