HD FRESH PAINT: what changed
HD FRESH PAINT
Largest movements
- Receivables within one year +€8,477
up €8,477 (+14.5%), from €58,310 to €66,787
of which Trade receivables: +€13,349
- Tangible fixed assets -€2,431
down €2,431 (-37.9%), from €6,421 to €3,991
of which Furniture and vehicles: -€1,234
- Deferred charges and accrued income -€1,026
down €1,026 (-15.6%), from €6,568 to €5,541
- Tax, wage and social debts -€10,824
down €10,824 (-40.2%), from €26,915 to €16,091
- Other debts +€10,011
new in 2025: €10,011
- Profit (loss) carried forward +€7,840
no longer reported in 2025 (was -€7,840)
- Current portion of long-term debt -€4,699
down €4,699 (-74.6%), from €6,302 to €1,604
- Short-term financial debts +€3,236
new in 2025: €3,236
- Write-downs -€11,181
no longer reported in 2025 (was €11,181)
- Financial charges +€3,030
up €3,030 (+119%), from €2,547 to €5,577
- Taxes +€2,753
up €2,753 (+59.2%), from €4,650 to €7,403
- Gross operating margin +€1,309
up €1,309 (+4.4%), from €30,017 to €31,326
- Financial income -€827
down €827 (-21.1%), from €3,916 to €3,089
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,944 | €76,541 | +€4,596 | +6.4% |
| Fixed assets | 21/28 | €6,641 | €4,211 | -€2,431 | -36.6% |
| Tangible fixed assets | 22/27 | €6,421 | €3,991 | -€2,431 | -37.9% |
| Plant, machinery and equipment | 23 | €1,788 | €592 | -€1,196 | -66.9% |
| Furniture and vehicles | 24 | €4,633 | €3,399 | -€1,234 | -26.6% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €65,303 | €72,330 | +€7,027 | +10.8% |
| Amounts receivable within one year | 40/41 | €58,310 | €66,787 | +€8,477 | +14.5% |
| Trade receivables | 40 | €408 | €13,757 | +€13,349 | +3,271% |
| Other amounts receivable | 41 | €57,902 | €53,030 | -€4,872 | -8.4% |
| Cash at bank and in hand | 54/58 | €425 | €2 | -€424 | -99.6% |
| Deferred charges and accrued income | 490/1 | €6,568 | €5,541 | -€1,026 | -15.6% |
| Total equity and liabilities | 10/49 | €71,944 | €76,541 | +€4,596 | +6.4% |
| Equity | 10/15 | €10,760 | €18,600 | +€7,840 | +72.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,840 | - | +€7,840 | |
| Amounts payable | 17/49 | €61,184 | €57,941 | -€3,243 | -5.3% |
| Amounts payable after more than one year | 17 | €1,604 | - | -€1,604 | |
| Financial debts | 170/4 | €1,604 | - | -€1,604 | |
| Amounts payable within one year | 42/48 | €59,580 | €57,941 | -€1,640 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €6,302 | €1,604 | -€4,699 | -74.6% |
| Financial debts | 43 | - | €3,236 | +€3,236 | |
| Credit institutions | 430/8 | - | €3,236 | +€3,236 | |
| Trade debts | 44 | €26,363 | €26,998 | +€635 | +2.4% |
| Suppliers | 440/4 | €26,363 | €26,998 | +€635 | +2.4% |
| Taxes, remuneration and social security | 45 | €26,915 | €16,091 | -€10,824 | -40.2% |
| Taxes | 450/3 | €26,915 | €16,091 | -€10,824 | -40.2% |
| Other amounts payable | 47/48 | - | €10,011 | +€10,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,554 | €2,431 | -€123 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,181 | - | -€11,181 | |
| Other operating charges | 640/8 | €951 | €1,153 | +€202 | +21.2% |
| Gross operating margin | 9900 | €30,017 | €31,326 | +€1,309 | +4.4% |
| Operating profit (loss) | 9901 | €15,331 | €27,742 | +€12,411 | +80.9% |
| Financial income | 75/76B | €3,916 | €3,089 | -€827 | -21.1% |
| Recurring financial income | 75 | €3,916 | €3,089 | -€827 | -21.1% |
| Financial charges | 65/66B | €2,547 | €5,577 | +€3,030 | +119% |
| Recurring financial charges | 65 | €2,547 | €5,577 | +€3,030 | +119% |
| Profit (loss) for the period before taxes | 9903 | €16,700 | €25,254 | +€8,554 | +51.2% |
| Income taxes | 67/77 | €4,650 | €7,403 | +€2,753 | +59.2% |
| Profit (loss) for the period | 9904 | €12,050 | €17,851 | +€5,801 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,050 | €17,851 | +€5,801 | +48.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.