HD DYNAMICA: 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 DYNAMICA
Largest movements
- Cash -€139,243
down €139,243 (-59.9%), from €232,492 to €93,249
mainly Trade debts (-€127,692) and Debts after one year (-€17,113)
- Stocks and contracts +€7,798
new in 2025: €7,798
- Trade debts -€127,692
down €127,692 (-49.8%), from €256,605 to €128,914
- Debts after one year -€17,113
down €17,113 (-23.0%), from €74,354 to €57,241
- Other debts +€12,058
new in 2025: €12,058
- Staff costs +€125,734
up €125,734 (+430.1%), from €29,231 to €154,965
- Gross operating margin +€104,982
up €104,982 (+152.2%), from €68,972 to €173,954
- Taxes -€5,284
down €5,284 (-78.4%), from €6,741 to €1,457
- Depreciation -€3,410
down €3,410 (-49.3%), from €6,913 to €3,503
- Other operating charges +€3,126
up €3,126 (+50.1%), from €6,245 to €9,371
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 | €403,217 | €269,000 | -€134,218 | -33.3% |
| Fixed assets | 21/28 | €7,050 | €6,547 | -€503 | -7.1% |
| Tangible fixed assets | 22/27 | €7,050 | €3,547 | -€3,503 | -49.7% |
| Plant, machinery and equipment | 23 | €3,635 | €2,204 | -€1,431 | -39.4% |
| Furniture and vehicles | 24 | €3,415 | €1,343 | -€2,072 | -60.7% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €396,168 | €262,453 | -€133,715 | -33.8% |
| Stocks and contracts in progress | 3 | - | €7,798 | +€7,798 | |
| Stocks | 30/36 | - | €7,798 | +€7,798 | |
| Amounts receivable within one year | 40/41 | €159,186 | €158,884 | -€302 | -0.2% |
| Trade receivables | 40 | €144,856 | €155,848 | +€10,992 | +7.6% |
| Other amounts receivable | 41 | €14,329 | €3,036 | -€11,293 | -78.8% |
| Cash at bank and in hand | 54/58 | €232,492 | €93,249 | -€139,243 | -59.9% |
| Deferred charges and accrued income | 490/1 | €4,491 | €2,522 | -€1,969 | -43.8% |
| Total equity and liabilities | 10/49 | €403,217 | €269,000 | -€134,218 | -33.3% |
| Equity | 10/15 | €38,936 | €39,621 | +€685 | +1.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €28,936 | €29,621 | +€685 | +2.4% |
| Distributable reserves | 133 | €28,936 | €29,621 | +€685 | +2.4% |
| Amounts payable | 17/49 | €364,281 | €229,378 | -€134,903 | -37.0% |
| Amounts payable after more than one year | 17 | €74,354 | €57,241 | -€17,113 | -23.0% |
| Financial debts | 170/4 | €74,354 | €57,241 | -€17,113 | -23.0% |
| Amounts payable within one year | 42/48 | €289,927 | €172,138 | -€117,790 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €16,693 | €17,113 | +€420 | +2.5% |
| Trade debts | 44 | €256,605 | €128,914 | -€127,692 | -49.8% |
| Suppliers | 440/4 | €256,605 | €128,914 | -€127,692 | -49.8% |
| Taxes, remuneration and social security | 45 | €16,629 | €14,052 | -€2,577 | -15.5% |
| Taxes | 450/3 | €8,028 | €5,021 | -€3,007 | -37.5% |
| Remuneration and social security | 454/9 | €8,601 | €9,032 | +€431 | +5.0% |
| Other amounts payable | 47/48 | - | €12,058 | +€12,058 | |
| Remuneration, social security and pensions | 62 | €29,231 | €154,965 | +€125,734 | +430.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,913 | €3,503 | -€3,410 | -49.3% |
| Other operating charges | 640/8 | €6,245 | €9,371 | +€3,126 | +50.1% |
| Gross operating margin | 9900 | €68,972 | €173,954 | +€104,982 | +152.2% |
| Operating profit (loss) | 9901 | €26,584 | €6,115 | -€20,468 | -77.0% |
| Financial income | 75/76B | €0 | €53 | +€53 | +264200.0% |
| Recurring financial income | 75 | €0 | €53 | +€53 | +264200.0% |
| Financial charges | 65/66B | €5,983 | €4,026 | -€1,956 | -32.7% |
| Recurring financial charges | 65 | €5,983 | €4,026 | -€1,956 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €20,601 | €2,142 | -€18,459 | -89.6% |
| Income taxes | 67/77 | €6,741 | €1,457 | -€5,284 | -78.4% |
| Profit (loss) for the period | 9904 | €13,860 | €685 | -€13,175 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,860 | €685 | -€13,175 | -95.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.