HD ICT: 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 ICT
Largest movements
- Receivables within one year +€142,036
up €142,036 (+372%), from €38,172 to €180,207
of which Trade receivables: +€101,136
- Tangible fixed assets +€22,958
new in 2025: €22,958
- Cash -€14,295
down €14,295 (-12.8%), from €111,684 to €97,390
mainly Receivables within one year (-€142,036) and Investment in fixed assets (net) (-€17,000)
- Financial fixed assets -€6,000
down €6,000 (-94.3%), from €6,363 to €363
- Profit (loss) carried forward +€139,451
up €139,451 (+244%), from €57,079 to €196,530
- Other debts -€11,748
down €11,748 (-31.8%), from €36,933 to €25,184
- Tax, wage and social debts +€10,535
up €10,535 (+20.4%), from €51,601 to €62,136
of which Remuneration and social security: +€18,404
- Trade debts +€8,349
up €8,349 (+163%), from €5,119 to €13,468
- Gross operating margin +€266,299
up €266,299 (+189%), from €141,137 to €407,436
- Staff costs +€147,607
up €147,607 (+225%), from €65,544 to €213,151
- Taxes +€30,549
up €30,549 (+151%), from €20,200 to €50,749
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 | €164,992 | €311,578 | +€146,587 | +88.8% |
| Fixed assets | 21/28 | €6,363 | €23,321 | +€16,958 | +267% |
| Tangible fixed assets | 22/27 | - | €22,958 | +€22,958 | |
| Furniture and vehicles | 24 | - | €22,958 | +€22,958 | |
| Financial fixed assets | 28 | €6,363 | €363 | -€6,000 | -94.3% |
| Current assets | 29/58 | €158,629 | €288,257 | +€129,628 | +81.7% |
| Amounts receivable within one year | 40/41 | €38,172 | €180,207 | +€142,036 | +372% |
| Trade receivables | 40 | €38,172 | €139,307 | +€101,136 | +265% |
| Other amounts receivable | 41 | - | €40,900 | +€40,900 | |
| Cash at bank and in hand | 54/58 | €111,684 | €97,390 | -€14,295 | -12.8% |
| Deferred charges and accrued income | 490/1 | €8,773 | €10,660 | +€1,887 | +21.5% |
| Total equity and liabilities | 10/49 | €164,992 | €311,578 | +€146,587 | +88.8% |
| Equity | 10/15 | €71,339 | €210,790 | +€139,451 | +195% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,079 | €196,530 | +€139,451 | +244% |
| Amounts payable | 17/49 | €93,653 | €100,789 | +€7,136 | +7.6% |
| Amounts payable within one year | 42/48 | €93,653 | €100,789 | +€7,136 | +7.6% |
| Trade debts | 44 | €5,119 | €13,468 | +€8,349 | +163% |
| Suppliers | 440/4 | €5,119 | €13,468 | +€8,349 | +163% |
| Taxes, remuneration and social security | 45 | €51,601 | €62,136 | +€10,535 | +20.4% |
| Taxes | 450/3 | €42,234 | €34,365 | -€7,869 | -18.6% |
| Remuneration and social security | 454/9 | €9,367 | €27,771 | +€18,404 | +196% |
| Other amounts payable | 47/48 | €36,933 | €25,184 | -€11,748 | -31.8% |
| Remuneration, social security and pensions | 62 | €65,544 | €213,151 | +€147,607 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €42 | +€42 | |
| Other operating charges | 640/8 | €347 | €4,250 | +€3,902 | +1,124% |
| Gross operating margin | 9900 | €141,137 | €407,436 | +€266,299 | +189% |
| Operating profit (loss) | 9901 | €75,245 | €189,994 | +€114,749 | +152% |
| Financial income | 75/76B | - | €900 | +€900 | |
| Recurring financial income | 75 | - | €900 | +€900 | |
| Financial charges | 65/66B | €205 | €695 | +€490 | +240% |
| Recurring financial charges | 65 | €205 | €695 | +€490 | +240% |
| Profit (loss) for the period before taxes | 9903 | €75,041 | €190,199 | +€115,158 | +153% |
| Income taxes | 67/77 | €20,200 | €50,749 | +€30,549 | +151% |
| Profit (loss) for the period | 9904 | €54,841 | €139,451 | +€84,610 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €54,841 | €139,451 | +€84,610 | +154% |
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 16 October 2026 via checked.be.