HD Car-Tech: 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 Car-Tech
Largest movements
- Tangible fixed assets -€3,455
down €3,455 (-2.6%), from €132,609 to €129,154
of which Land and buildings: -€3,455
- Receivables within one year -€2,057
no longer reported in 2025 (was €2,057)
- Debts after one year -€8,212
down €8,212 (-16.9%), from €48,733 to €40,521
- Profit (loss) carried forward +€4,291
up €4,291 (+32.1%), from €13,382 to €17,673
- Gross operating margin +€646
up €646 (+5.7%), from €11,311 to €11,958
- Taxes +€160
up €160 (+11.4%), from €1,402 to €1,562
- Financial charges -€129
down €129 (-6.9%), from €1,870 to €1,741
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 | €136,364 | €131,135 | -€5,229 | -3.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €132,609 | €129,154 | -€3,455 | -2.6% |
| Tangible fixed assets | 22/27 | €132,609 | €129,154 | -€3,455 | -2.6% |
| Land and buildings | 22 | €132,609 | €129,154 | -€3,455 | -2.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €3,755 | €1,981 | -€1,774 | -47.2% |
| Amounts receivable within one year | 40/41 | €2,057 | - | -€2,057 | |
| Trade receivables | 40 | €2,057 | - | -€2,057 | |
| Cash at bank and in hand | 54/58 | €1,698 | €1,981 | +€283 | +16.7% |
| Total equity and liabilities | 10/49 | €136,364 | €131,135 | -€5,229 | -3.8% |
| Equity | 10/15 | €31,982 | €36,273 | +€4,291 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,382 | €17,673 | +€4,291 | +32.1% |
| Amounts payable | 17/49 | €104,382 | €94,862 | -€9,520 | -9.1% |
| Amounts payable after more than one year | 17 | €48,733 | €40,521 | -€8,212 | -16.9% |
| Financial debts | 170/4 | €48,733 | €40,521 | -€8,212 | -16.9% |
| Amounts payable within one year | 42/48 | €55,649 | €54,341 | -€1,308 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €9,264 | €8,788 | -€476 | -5.1% |
| Trade debts | 44 | €2,028 | €1,441 | -€587 | -29.0% |
| Suppliers | 440/4 | €2,028 | €1,441 | -€587 | -29.0% |
| Taxes, remuneration and social security | 45 | €4,739 | €3,901 | -€837 | -17.7% |
| Taxes | 450/3 | €4,739 | €3,901 | -€837 | -17.7% |
| Other amounts payable | 47/48 | €39,618 | €40,211 | +€593 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,455 | €3,455 | = | 0.0% |
| Other operating charges | 640/8 | €840 | €909 | +€69 | +8.2% |
| Gross operating margin | 9900 | €11,311 | €11,958 | +€646 | +5.7% |
| Operating profit (loss) | 9901 | €7,017 | €7,594 | +€578 | +8.2% |
| Financial charges | 65/66B | €1,870 | €1,741 | -€129 | -6.9% |
| Recurring financial charges | 65 | €1,870 | €1,741 | -€129 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €5,146 | €5,853 | +€707 | +13.7% |
| Income taxes | 67/77 | €1,402 | €1,562 | +€160 | +11.4% |
| Profit (loss) for the period | 9904 | €3,744 | €4,291 | +€547 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,744 | €4,291 | +€547 | +14.6% |
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 9 October 2026 via checked.be.