HD CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€42,694
up €42,694 (+33.5%), from €127,514 to €170,209
of which Other amounts receivable: +€30,486
- Cash -€10,570
down €10,570 (-54.3%), from €19,463 to €8,893
mainly Receivables within one year (-€42,694) and Trade debts (-€3,353)
- Tangible fixed assets -€2,492
down €2,492 (-23.9%), from €10,446 to €7,954
- Profit (loss) carried forward +€26,582
up €26,582 (+25.2%), from €105,564 to €132,147
- Tax, wage and social debts +€6,403
up €6,403 (+34.0%), from €18,836 to €25,239
- Trade debts -€3,353
down €3,353 (-18.7%), from €17,926 to €14,573
- Gross operating margin +€10,408
up €10,408 (+33.9%), from €30,726 to €41,134
- Taxes +€3,826
up €3,826 (+46.0%), from €8,324 to €12,150
- Financial charges -€3,653
down €3,653 (-57.8%), from €6,316 to €2,662
- Depreciation +€3,349
up €3,349 (+1318.2%), from €254 to €3,603
- Financial income +€1,091
up €1,091 (+17.6%), from €6,190 to €7,281
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.
Cash bridge derived
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 | €157,423 | €187,056 | +€29,632 | +18.8% |
| Fixed assets | 21/28 | €10,446 | €7,954 | -€2,492 | -23.9% |
| Tangible fixed assets | 22/27 | €10,446 | €7,954 | -€2,492 | -23.9% |
| Furniture and vehicles | 24 | €10,446 | €7,954 | -€2,492 | -23.9% |
| Current assets | 29/58 | €146,977 | €179,102 | +€32,125 | +21.9% |
| Amounts receivable within one year | 40/41 | €127,514 | €170,209 | +€42,694 | +33.5% |
| Trade receivables | 40 | €28,403 | €40,611 | +€12,208 | +43.0% |
| Other amounts receivable | 41 | €99,111 | €129,598 | +€30,486 | +30.8% |
| Cash at bank and in hand | 54/58 | €19,463 | €8,893 | -€10,570 | -54.3% |
| Total equity and liabilities | 10/49 | €157,423 | €187,056 | +€29,632 | +18.8% |
| Equity | 10/15 | €120,662 | €147,244 | +€26,582 | +22.0% |
| Contributions | 10/11 | €15,097 | €15,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,564 | €132,147 | +€26,582 | +25.2% |
| Amounts payable | 17/49 | €36,761 | €39,812 | +€3,050 | +8.3% |
| Amounts payable within one year | 42/48 | €36,761 | €39,812 | +€3,050 | +8.3% |
| Trade debts | 44 | €17,926 | €14,573 | -€3,353 | -18.7% |
| Suppliers | 440/4 | €17,926 | €14,573 | -€3,353 | -18.7% |
| Taxes, remuneration and social security | 45 | €18,836 | €25,239 | +€6,403 | +34.0% |
| Taxes | 450/3 | €18,836 | €25,239 | +€6,403 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €3,603 | +€3,349 | +1318.2% |
| Other operating charges | 640/8 | €3,235 | €3,418 | +€182 | +5.6% |
| Gross operating margin | 9900 | €30,726 | €41,134 | +€10,408 | +33.9% |
| Operating profit (loss) | 9901 | €27,236 | €34,113 | +€6,877 | +25.2% |
| Financial income | 75/76B | €6,190 | €7,281 | +€1,091 | +17.6% |
| Recurring financial income | 75 | €6,190 | €7,281 | +€1,091 | +17.6% |
| Financial charges | 65/66B | €6,316 | €2,662 | -€3,653 | -57.8% |
| Recurring financial charges | 65 | €6,316 | €2,662 | -€3,653 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €27,111 | €38,732 | +€11,621 | +42.9% |
| Income taxes | 67/77 | €8,324 | €12,150 | +€3,826 | +46.0% |
| Profit (loss) for the period | 9904 | €18,786 | €26,582 | +€7,796 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,786 | €26,582 | +€7,796 | +41.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.