HD MULTITECHNIEK: 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 MULTITECHNIEK
Largest movements
- Tangible fixed assets -€119,803
down €119,803 (-51.7%), from €231,810 to €112,007
of which Land and buildings: -€90,438
- Cash +€69,805
up €69,805 (+266%), from €26,249 to €96,054
mainly Investment in fixed assets (net) (+€65,384) and Depreciation (+€54,419)
- Receivables within one year -€39,012
down €39,012 (-47.9%), from €81,471 to €42,459
of which Other amounts receivable: -€48,716
- Debts after one year -€124,657
down €124,657 (-75.2%), from €165,836 to €41,179
- Reserves +€36,846
up €36,846 (+55.0%), from €67,019 to €103,865
of which Distributable reserves: +€38,706
- Current portion of long-term debt -€27,171
down €27,171 (-42.5%), from €63,911 to €36,740
- Other debts +€22,738
up €22,738 (+215%), from €10,588 to €33,326
- Tax, wage and social debts +€8,501
up €8,501 (+331%), from €2,568 to €11,069
- Depreciation -€23,838
down €23,838 (-30.5%), from €78,257 to €54,419
- Gross operating margin +€22,580
up €22,580 (+21.0%), from €107,461 to €130,041
- Taxes +€16,001
up €16,001 (+623%), from €2,567 to €18,568
- Other operating charges +€9,029
up €9,029 (+97.8%), from €9,231 to €18,260
- Financial charges -€8,407
down €8,407 (-55.2%), from €15,233 to €6,826
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 | €342,262 | €252,346 | -€89,916 | -26.3% |
| Fixed assets | 21/28 | €231,810 | €112,007 | -€119,803 | -51.7% |
| Tangible fixed assets | 22/27 | €231,810 | €112,007 | -€119,803 | -51.7% |
| Land and buildings | 22 | €135,647 | €45,209 | -€90,438 | -66.7% |
| Plant, machinery and equipment | 23 | €3,442 | €2,119 | -€1,323 | -38.4% |
| Furniture and vehicles | 24 | €92,721 | €64,679 | -€28,042 | -30.2% |
| Current assets | 29/58 | €110,452 | €140,339 | +€29,887 | +27.1% |
| Amounts receivable within one year | 40/41 | €81,471 | €42,459 | -€39,012 | -47.9% |
| Trade receivables | 40 | €18,044 | €27,748 | +€9,704 | +53.8% |
| Other amounts receivable | 41 | €63,427 | €14,711 | -€48,716 | -76.8% |
| Cash at bank and in hand | 54/58 | €26,249 | €96,054 | +€69,805 | +266% |
| Deferred charges and accrued income | 490/1 | €2,732 | €1,826 | -€906 | -33.2% |
| Total equity and liabilities | 10/49 | €342,262 | €252,346 | -€89,916 | -26.3% |
| Equity | 10/15 | €79,419 | €116,265 | +€36,846 | +46.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €67,019 | €103,865 | +€36,846 | +55.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €65,159 | €103,865 | +€38,706 | +59.4% |
| Amounts payable | 17/49 | €262,843 | €136,081 | -€126,762 | -48.2% |
| Amounts payable after more than one year | 17 | €165,836 | €41,179 | -€124,657 | -75.2% |
| Financial debts | 170/4 | €165,836 | €41,179 | -€124,657 | -75.2% |
| Amounts payable within one year | 42/48 | €97,007 | €94,902 | -€2,105 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €63,911 | €36,740 | -€27,171 | -42.5% |
| Trade debts | 44 | €19,940 | €13,767 | -€6,173 | -31.0% |
| Suppliers | 440/4 | €19,940 | €13,767 | -€6,173 | -31.0% |
| Taxes, remuneration and social security | 45 | €2,568 | €11,069 | +€8,501 | +331% |
| Taxes | 450/3 | €2,568 | €11,069 | +€8,501 | +331% |
| Other amounts payable | 47/48 | €10,588 | €33,326 | +€22,738 | +215% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,257 | €54,419 | -€23,838 | -30.5% |
| Other operating charges | 640/8 | €9,231 | €18,260 | +€9,029 | +97.8% |
| Gross operating margin | 9900 | €107,461 | €130,041 | +€22,580 | +21.0% |
| Operating profit (loss) | 9901 | €19,973 | €57,362 | +€37,389 | +187% |
| Financial income | 75/76B | €2,507 | €4,878 | +€2,371 | +94.6% |
| Recurring financial income | 75 | €2,507 | €4,878 | +€2,371 | +94.6% |
| Financial charges | 65/66B | €15,233 | €6,826 | -€8,407 | -55.2% |
| Recurring financial charges | 65 | €15,233 | €6,826 | -€8,407 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €7,247 | €55,414 | +€48,167 | +665% |
| Income taxes | 67/77 | €2,567 | €18,568 | +€16,001 | +623% |
| Profit (loss) for the period | 9904 | €4,680 | €36,846 | +€32,166 | +687% |
| Profit (loss) for the period to be appropriated | 9905 | €4,680 | €36,846 | +€32,166 | +687% |
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 18 October 2026 via checked.be.