HD CARPENTRY: 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 CARPENTRY
Largest movements
- Receivables within one year -€31,019
down €31,019 (-47.6%), from €65,208 to €34,189
of which Trade receivables: -€31,352
- Tangible fixed assets +€24,059
up €24,059 (+244%), from €9,854 to €33,913
of which Furniture and vehicles: +€26,168
- Deferred charges and accrued income -€5,129
down €5,129 (-87.4%), from €5,867 to €738
- Trade debts -€36,723
down €36,723 (-80.1%), from €45,872 to €9,150
- Reserves +€21,850
up €21,850 (+37.8%), from €57,860 to €79,711
of which Distributable reserves: +€21,850
- Other debts +€8,678
up €8,678 (+97.4%), from €8,914 to €17,592
- Tax, wage and social debts -€4,639
down €4,639 (-43.4%), from €10,693 to €6,053
- Gross operating margin -€17,076
down €17,076 (-30.1%), from €56,723 to €39,647
- Other operating charges -€8,740
down €8,740 (-95.5%), from €9,153 to €413
- Depreciation +€5,412
up €5,412 (+269%), from €2,010 to €7,422
- Financial charges -€739
down €739 (-29.9%), from €2,470 to €1,731
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 | €162,865 | €150,916 | -€11,949 | -7.3% |
| Fixed assets | 21/28 | €9,854 | €33,913 | +€24,059 | +244% |
| Tangible fixed assets | 22/27 | €9,854 | €33,913 | +€24,059 | +244% |
| Land and buildings | 22 | €7,380 | €6,560 | -€820 | -11.1% |
| Plant, machinery and equipment | 23 | €2,474 | €1,185 | -€1,289 | -52.1% |
| Furniture and vehicles | 24 | €0 | €26,168 | +€26,168 | +130,842,250% |
| Current assets | 29/58 | €153,011 | €117,003 | -€36,008 | -23.5% |
| Stocks and contracts in progress | 3 | €7,844 | €7,834 | -€10 | -0.1% |
| Stocks | 30/36 | €7,844 | €7,834 | -€10 | -0.1% |
| Amounts receivable within one year | 40/41 | €65,208 | €34,189 | -€31,019 | -47.6% |
| Trade receivables | 40 | €65,078 | €33,726 | -€31,352 | -48.2% |
| Other amounts receivable | 41 | €130 | €463 | +€332 | +255% |
| Cash at bank and in hand | 54/58 | €74,092 | €74,242 | +€150 | +0.2% |
| Deferred charges and accrued income | 490/1 | €5,867 | €738 | -€5,129 | -87.4% |
| Total equity and liabilities | 10/49 | €162,865 | €150,916 | -€11,949 | -7.3% |
| Equity | 10/15 | €95,642 | €117,492 | +€21,850 | +22.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €57,860 | €79,711 | +€21,850 | +37.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €56,005 | €77,856 | +€21,850 | +39.0% |
| Profit (loss) carried forward | 14 | €19,231 | €19,231 | = | 0.0% |
| Amounts payable | 17/49 | €67,224 | €33,424 | -€33,799 | -50.3% |
| Amounts payable within one year | 42/48 | €65,479 | €32,795 | -€32,684 | -49.9% |
| Trade debts | 44 | €45,872 | €9,150 | -€36,723 | -80.1% |
| Suppliers | 440/4 | €45,872 | €9,150 | -€36,723 | -80.1% |
| Taxes, remuneration and social security | 45 | €10,693 | €6,053 | -€4,639 | -43.4% |
| Taxes | 450/3 | €10,693 | €6,053 | -€4,639 | -43.4% |
| Other amounts payable | 47/48 | €8,914 | €17,592 | +€8,678 | +97.4% |
| Accrued charges and deferred income | 492/3 | €1,745 | €629 | -€1,115 | -63.9% |
| Non-recurring operating income | 76A | €23,308 | - | -€23,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,010 | €7,422 | +€5,412 | +269% |
| Other operating charges | 640/8 | €9,153 | €413 | -€8,740 | -95.5% |
| Gross operating margin | 9900 | €56,723 | €39,647 | -€17,076 | -30.1% |
| Operating profit (loss) | 9901 | €45,560 | €31,812 | -€13,748 | -30.2% |
| Financial income | 75/76B | €523 | €408 | -€115 | -22.0% |
| Recurring financial income | 75 | €523 | €408 | -€115 | -22.0% |
| Financial charges | 65/66B | €2,470 | €1,731 | -€739 | -29.9% |
| Recurring financial charges | 65 | €2,470 | €1,731 | -€739 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €43,613 | €30,489 | -€13,124 | -30.1% |
| Income taxes | 67/77 | €5,331 | €5,639 | +€308 | +5.8% |
| Profit (loss) for the period | 9904 | €38,282 | €24,850 | -€13,432 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,282 | €24,850 | -€13,432 | -35.1% |
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 13 October 2026 via checked.be.