HD HOME: 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 HOME
Largest movements
- Stocks and contracts +€60,789
up €60,789 (+37.7%), from €161,108 to €221,897
- Cash -€21,324
down €21,324 (-64.6%), from €33,011 to €11,687
mainly Stocks and contracts (-€60,789) and Debts after one year (-€18,652)
- Tangible fixed assets -€13,118
down €13,118 (-20.1%), from €65,299 to €52,181
of which Other tangible fixed assets: -€6,676
- Receivables within one year -€9,064
down €9,064 (-38.7%), from €23,397 to €14,333
of which Trade receivables: -€7,559
- Intangible fixed assets +€4,094
up €4,094 (+232%), from €1,767 to €5,860
- Advances received +€34,711
new in 2025: €34,711
- Debts after one year -€18,652
down €18,652 (-69.6%), from €26,788 to €8,136
- Other debts +€18,478
up €18,478 (+20.3%), from €91,005 to €109,483
- Current portion of long-term debt -€15,406
down €15,406 (-44.4%), from €34,664 to €19,258
- Gross operating margin -€43,285
down €43,285 (-39.8%), from €108,874 to €65,589
- Taxes -€6,887
down €6,887 (-79.4%), from €8,671 to €1,784
- Staff costs +€5,406
up €5,406 (+16.3%), from €33,064 to €38,470
- Write-downs +€3,239
new in 2025: €3,239
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 | €285,838 | €307,022 | +€21,184 | +7.4% |
| Fixed assets | 21/28 | €67,429 | €58,405 | -€9,024 | -13.4% |
| Intangible fixed assets | 21 | €1,767 | €5,860 | +€4,094 | +232% |
| Tangible fixed assets | 22/27 | €65,299 | €52,181 | -€13,118 | -20.1% |
| Furniture and vehicles | 24 | €14,812 | €8,369 | -€6,442 | -43.5% |
| Other tangible fixed assets | 26 | €50,487 | €43,812 | -€6,676 | -13.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €218,409 | €248,617 | +€30,208 | +13.8% |
| Stocks and contracts in progress | 3 | €161,108 | €221,897 | +€60,789 | +37.7% |
| Stocks | 30/36 | €161,108 | €221,897 | +€60,789 | +37.7% |
| Amounts receivable within one year | 40/41 | €23,397 | €14,333 | -€9,064 | -38.7% |
| Trade receivables | 40 | €21,893 | €14,333 | -€7,559 | -34.5% |
| Other amounts receivable | 41 | €1,505 | €0 | -€1,505 | -100% |
| Cash at bank and in hand | 54/58 | €33,011 | €11,687 | -€21,324 | -64.6% |
| Deferred charges and accrued income | 490/1 | €893 | €700 | -€193 | -21.6% |
| Total equity and liabilities | 10/49 | €285,838 | €307,022 | +€21,184 | +7.4% |
| Equity | 10/15 | €86,237 | €86,648 | +€411 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,509 | €1,509 | = | 0.0% |
| Distributable reserves | 133 | €1,509 | €1,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,128 | €66,539 | +€411 | +0.6% |
| Amounts payable | 17/49 | €199,601 | €220,374 | +€20,773 | +10.4% |
| Amounts payable after more than one year | 17 | €26,788 | €8,136 | -€18,652 | -69.6% |
| Financial debts | 170/4 | €26,788 | €8,136 | -€18,652 | -69.6% |
| Amounts payable within one year | 42/48 | €172,813 | €212,238 | +€39,425 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €34,664 | €19,258 | -€15,406 | -44.4% |
| Trade debts | 44 | €29,914 | €30,299 | +€385 | +1.3% |
| Suppliers | 440/4 | €29,914 | €30,299 | +€385 | +1.3% |
| Advances received on contracts in progress | 46 | - | €34,711 | +€34,711 | |
| Taxes, remuneration and social security | 45 | €17,229 | €18,487 | +€1,257 | +7.3% |
| Taxes | 450/3 | €17,229 | €18,487 | +€1,257 | +7.3% |
| Other amounts payable | 47/48 | €91,005 | €109,483 | +€18,478 | +20.3% |
| Remuneration, social security and pensions | 62 | €33,064 | €38,470 | +€5,406 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,850 | €16,767 | +€917 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,239 | +€3,239 | |
| Other operating charges | 640/8 | €7,328 | €6,357 | -€971 | -13.3% |
| Gross operating margin | 9900 | €108,874 | €65,589 | -€43,285 | -39.8% |
| Operating profit (loss) | 9901 | €52,631 | €755 | -€51,876 | -98.6% |
| Financial income | 75/76B | €1,803 | €2,693 | +€889 | +49.3% |
| Recurring financial income | 75 | €1,803 | €2,693 | +€889 | +49.3% |
| Financial charges | 65/66B | €2,155 | €1,253 | -€903 | -41.9% |
| Recurring financial charges | 65 | €2,155 | €1,253 | -€903 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €52,279 | €2,195 | -€50,084 | -95.8% |
| Income taxes | 67/77 | €8,671 | €1,784 | -€6,887 | -79.4% |
| Profit (loss) for the period | 9904 | €43,608 | €411 | -€43,197 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,608 | €411 | -€43,197 | -99.1% |
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 13 October 2026 via checked.be.