HD-CONCEPT FERRONNERIE: 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-CONCEPT FERRONNERIE
Largest movements
- Tangible fixed assets -€37,661
down €37,661 (-10.2%), from €367,606 to €329,944
- Cash -€22,942
down €22,942 (-51.3%), from €44,684 to €21,742
mainly Short-term financial debts (-€49,372) and Trade debts (-€41,690)
- Receivables within one year -€6,120
down €6,120 (-7.0%), from €87,499 to €81,379
of which Trade receivables: -€6,282
- Short-term financial debts -€49,372
down €49,372 (-57.0%), from €86,634 to €37,262
- Trade debts -€41,690
down €41,690 (-61.1%), from €68,242 to €26,552
- Reserves +€17,091
up €17,091 (+33.6%), from €50,936 to €68,027
of which Distributable reserves: +€17,091
- Gross operating margin +€75,141
up €75,141 (+200%), from €37,494 to €112,635
- Staff costs +€14,473
up €14,473 (+55.0%), from €26,325 to €40,798
- Taxes +€11,403
up €11,403, from -€11,271 to €132
- Depreciation -€5,218
down €5,218 (-10.3%), from €50,596 to €45,378
- Financial charges +€1,734
up €1,734 (+29.3%), from €5,923 to €7,657
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 | €501,781 | €434,933 | -€66,848 | -13.3% |
| Fixed assets | 21/28 | €367,606 | €329,944 | -€37,661 | -10.2% |
| Tangible fixed assets | 22/27 | €367,606 | €329,944 | -€37,661 | -10.2% |
| Land and buildings | 22 | €273,112 | €265,570 | -€7,542 | -2.8% |
| Plant, machinery and equipment | 23 | €28,766 | €14,607 | -€14,159 | -49.2% |
| Furniture and vehicles | 24 | €65,728 | €49,768 | -€15,960 | -24.3% |
| Current assets | 29/58 | €134,176 | €104,989 | -€29,187 | -21.8% |
| Stocks and contracts in progress | 3 | €1,993 | €1,868 | -€125 | -6.3% |
| Stocks | 30/36 | €1,993 | €1,868 | -€125 | -6.3% |
| Amounts receivable within one year | 40/41 | €87,499 | €81,379 | -€6,120 | -7.0% |
| Trade receivables | 40 | €38,841 | €32,558 | -€6,282 | -16.2% |
| Other amounts receivable | 41 | €48,658 | €48,820 | +€162 | +0.3% |
| Cash at bank and in hand | 54/58 | €44,684 | €21,742 | -€22,942 | -51.3% |
| Total equity and liabilities | 10/49 | €501,781 | €434,933 | -€66,848 | -13.3% |
| Equity | 10/15 | €70,936 | €88,027 | +€17,091 | +24.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,936 | €68,027 | +€17,091 | +33.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €48,936 | €66,027 | +€17,091 | +34.9% |
| Amounts payable | 17/49 | €430,845 | €346,906 | -€83,940 | -19.5% |
| Amounts payable after more than one year | 17 | €269,597 | €271,847 | +€2,250 | +0.8% |
| Financial debts | 170/4 | €269,597 | €271,847 | +€2,250 | +0.8% |
| Amounts payable within one year | 42/48 | €161,248 | €75,059 | -€86,190 | -53.5% |
| Financial debts | 43 | €86,634 | €37,262 | -€49,372 | -57.0% |
| Credit institutions | 430/8 | €86,634 | €37,262 | -€49,372 | -57.0% |
| Trade debts | 44 | €68,242 | €26,552 | -€41,690 | -61.1% |
| Suppliers | 440/4 | €68,242 | €26,552 | -€41,690 | -61.1% |
| Taxes, remuneration and social security | 45 | €6,372 | €11,244 | +€4,872 | +76.5% |
| Taxes | 450/3 | €4,863 | €2,136 | -€2,727 | -56.1% |
| Remuneration and social security | 454/9 | €1,509 | €9,108 | +€7,600 | +504% |
| Remuneration, social security and pensions | 62 | €26,325 | €40,798 | +€14,473 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,596 | €45,378 | -€5,218 | -10.3% |
| Other operating charges | 640/8 | €2,178 | €3,396 | +€1,217 | +55.9% |
| Gross operating margin | 9900 | €37,494 | €112,635 | +€75,141 | +200% |
| Operating profit (loss) | 9901 | -€41,605 | €23,064 | +€64,669 | |
| Financial income | 75/76B | €2,045 | €1,817 | -€228 | -11.2% |
| Recurring financial income | 75 | €2,045 | €1,817 | -€228 | -11.2% |
| Financial charges | 65/66B | €5,923 | €7,657 | +€1,734 | +29.3% |
| Recurring financial charges | 65 | €5,923 | €7,657 | +€1,734 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,483 | €17,223 | +€62,707 | |
| Income taxes | 67/77 | -€11,271 | €132 | +€11,403 | |
| Profit (loss) for the period | 9904 | -€34,213 | €17,091 | +€51,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,213 | €17,091 | +€51,304 |
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 19 October 2026 via checked.be.