HD GESTION: 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 GESTION
Largest movements
- Cash -€81,028
down €81,028 (-8.5%), from €951,443 to €870,415
mainly Provisions (-€84,062) and Receivables within one year (-€73,199)
- Receivables within one year +€73,199
up €73,199 (+28.8%), from €253,813 to €327,012
of which Other amounts receivable: +€73,199
- Profit (loss) carried forward +€113,362
up €113,362 (+51.1%), from €221,779 to €335,141
- Provisions -€84,062
down €84,062 (-100%), from €84,062 to €0
- Accrued charges and deferred income -€49,468
down €49,468 (-31.3%), from €158,264 to €108,796
- Debts within one year +€15,760
up €15,760 (+8.1%), from €194,454 to €210,214
- Gross operating margin +€103,591
up €103,591 (+33.8%), from €306,418 to €410,009
- Purchases and services +€31,883
up €31,883 (+37.3%), from €85,557 to €117,439
- Staff costs +€19,404
up €19,404 (+6.3%), from €307,606 to €327,010
- Other operating charges -€6,910
down €6,910 (-62.5%), from €11,063 to €4,153
- Turnover +€6,172
up €6,172, from €0 to €6,172
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 | €1,212,226 | €1,207,818 | -€4,408 | -0.4% |
| Fixed assets | 21/28 | €1,056 | €7,606 | +€6,550 | +620% |
| Tangible fixed assets | 22/27 | €1,055 | €7,605 | +€6,550 | +621% |
| Furniture and vehicles | 24 | €1,055 | €1,564 | +€509 | +48.3% |
| Other tangible fixed assets | 26 | - | €6,040 | +€6,040 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,211,170 | €1,200,212 | -€10,958 | -0.9% |
| Amounts receivable within one year | 40/41 | €253,813 | €327,012 | +€73,199 | +28.8% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €253,813 | €327,012 | +€73,199 | +28.8% |
| Cash at bank and in hand | 54/58 | €951,443 | €870,415 | -€81,028 | -8.5% |
| Deferred charges and accrued income | 490/1 | €5,913 | €2,784 | -€3,129 | -52.9% |
| Total equity and liabilities | 10/49 | €1,212,226 | €1,207,818 | -€4,408 | -0.4% |
| Equity | 10/15 | €775,446 | €888,808 | +€113,362 | +14.6% |
| Contributions | 10/11 | €553,667 | €553,667 | = | 0.0% |
| Capital | 10 | €553,667 | €553,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,779 | €335,141 | +€113,362 | +51.1% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €84,062 | €0 | -€84,062 | -100% |
| Provisions for liabilities and charges | 160/5 | €10,368 | €0 | -€10,368 | -100% |
| Other liabilities and charges | 164/5 | €10,368 | €0 | -€10,368 | -100% |
| Amounts payable | 17/49 | €352,718 | €319,010 | -€33,708 | -9.6% |
| Amounts payable within one year | 42/48 | €194,454 | €210,214 | +€15,760 | +8.1% |
| Trade debts | 44 | €13,674 | €19,342 | +€5,667 | +41.4% |
| Suppliers | 440/4 | €13,674 | €19,342 | +€5,667 | +41.4% |
| Taxes, remuneration and social security | 45 | €48,963 | €51,016 | +€2,053 | +4.2% |
| Taxes | 450/3 | €12,574 | €6,149 | -€6,425 | -51.1% |
| Remuneration and social security | 454/9 | €36,389 | €44,867 | +€8,478 | +23.3% |
| Accrued charges and deferred income | 492/3 | €158,264 | €108,796 | -€49,468 | -31.3% |
| Turnover | 70 | €0 | €6,172 | +€6,172 | |
| Membership fees, donations, legacies and grants | 73 | €391,975 | €453,093 | +€61,118 | +15.6% |
| Non-recurring operating income | 76A | €0 | €68,183 | +€68,183 | |
| Goods, raw materials, services and sundry goods | 60/61 | €85,557 | €117,439 | +€31,883 | +37.3% |
| Remuneration, social security and pensions | 62 | €307,606 | €327,010 | +€19,404 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €3,133 | +€1,774 | +130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €619 | €0 | -€619 | -100% |
| Other operating charges | 640/8 | €11,063 | €4,153 | -€6,910 | -62.5% |
| Non-recurring operating charges | 66A | €14,386 | €44,783 | +€30,397 | +211% |
| Gross operating margin | 9900 | €306,418 | €410,009 | +€103,591 | +33.8% |
| Operating profit (loss) | 9901 | -€28,615 | €114,992 | +€143,607 | |
| Financial income | 75/76B | €50 | €0 | -€50 | -100% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100% |
| Financial charges | 65/66B | €1,278 | €1,631 | +€352 | +27.6% |
| Recurring financial charges | 65 | €1,278 | €1,631 | +€352 | +27.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€29,843 | €113,362 | +€143,204 | |
| Profit (loss) for the period | 9904 | -€29,843 | €113,362 | +€143,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,843 | €113,362 | +€143,204 |
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 20 October 2026 via checked.be.