HD CAD: 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 CAD
Largest movements
- Receivables within one year +€37,732
up €37,732 (+53.5%), from €70,593 to €108,325
of which Trade receivables: +€37,203
- Cash +€7,367
up €7,367 (+3,877,516%), from €0 to €7,367
mainly Short-term financial debts (+€28,184) and Trade debts (+€22,044)
- Short-term financial debts +€28,184
up €28,184 (+383%), from €7,367 to €35,552
- Trade debts +€22,044
up €22,044 (+510%), from €4,321 to €26,365
- Profit (loss) carried forward -€3,681
down €3,681 (-5.0%), from €74,105 to €70,425
- Tax, wage and social debts -€2,874
down €2,874 (-12.8%), from €22,390 to €19,516
of which Taxes: -€2,874
- Gross operating margin -€39,044
down €39,044 (-97.4%), from €40,081 to €1,037
- Taxes -€10,270
no longer reported in 2024 (was €10,270)
- Financial charges -€1,389
down €1,389 (-30.3%), from €4,586 to €3,197
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 | €131,314 | €174,988 | +€43,674 | +33.3% |
| Fixed assets | 21/28 | €60,721 | €59,296 | -€1,425 | -2.3% |
| Intangible fixed assets | 21 | €2,298 | €1,396 | -€902 | -39.2% |
| Tangible fixed assets | 22/27 | €1,365 | €842 | -€523 | -38.3% |
| Plant, machinery and equipment | 23 | €214 | - | -€214 | |
| Furniture and vehicles | 24 | €1,151 | €842 | -€309 | -26.9% |
| Financial fixed assets | 28 | €57,058 | €57,058 | = | 0.0% |
| Current assets | 29/58 | €70,593 | €115,692 | +€45,099 | +63.9% |
| Amounts receivable within one year | 40/41 | €70,593 | €108,325 | +€37,732 | +53.5% |
| Trade receivables | 40 | €25,281 | €62,484 | +€37,203 | +147% |
| Other amounts receivable | 41 | €45,312 | €45,841 | +€529 | +1.2% |
| Cash at bank and in hand | 54/58 | €0 | €7,367 | +€7,367 | +3,877,516% |
| Total equity and liabilities | 10/49 | €131,314 | €174,988 | +€43,674 | +33.3% |
| Equity | 10/15 | €92,950 | €89,270 | -€3,681 | -4.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €295 | €295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €295 | €295 | = | 0.0% |
| Reserves not available under the articles | 1311 | €295 | €295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,105 | €70,425 | -€3,681 | -5.0% |
| Amounts payable | 17/49 | €38,363 | €85,718 | +€47,355 | +123% |
| Amounts payable within one year | 42/48 | €38,363 | €85,718 | +€47,355 | +123% |
| Current portion of amounts payable after more than one year | 42 | €4,285 | €4,285 | = | 0.0% |
| Financial debts | 43 | €7,367 | €35,552 | +€28,184 | +383% |
| Credit institutions | 430/8 | €7,367 | €35,552 | +€28,184 | +383% |
| Trade debts | 44 | €4,321 | €26,365 | +€22,044 | +510% |
| Suppliers | 440/4 | €4,321 | €26,365 | +€22,044 | +510% |
| Taxes, remuneration and social security | 45 | €22,390 | €19,516 | -€2,874 | -12.8% |
| Taxes | 450/3 | €19,285 | €16,411 | -€2,874 | -14.9% |
| Remuneration and social security | 454/9 | €3,105 | €3,105 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,521 | +€301 | +24.7% |
| Other operating charges | 640/8 | €329 | - | -€329 | |
| Gross operating margin | 9900 | €40,081 | €1,037 | -€39,044 | -97.4% |
| Operating profit (loss) | 9901 | €38,531 | -€484 | -€39,015 | |
| Financial income | 75/76B | €77 | - | -€77 | |
| Recurring financial income | 75 | €77 | - | -€77 | |
| Financial charges | 65/66B | €4,586 | €3,197 | -€1,389 | -30.3% |
| Recurring financial charges | 65 | €4,586 | €3,197 | -€1,389 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €34,022 | -€3,681 | -€37,703 | |
| Income taxes | 67/77 | €10,270 | - | -€10,270 | |
| Profit (loss) for the period | 9904 | €23,752 | -€3,681 | -€27,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,752 | -€3,681 | -€27,433 |
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 16 October 2026 via checked.be.