HD-NOT: what changed
Two fiscal 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-NOT
Largest movements
- Cash +€10,240
up €10,240 (+18.7%), from €54,628 to €64,868
mainly Net result for the year (+€9,410) and Other debts (+€1,743)
- Reserves +€8,000
up €8,000 (+53.3%), from €15,000 to €23,000
of which Distributable reserves: +€8,000
- Other debts +€1,743
up €1,743 (+390.6%), from €446 to €2,189
- Profit (loss) carried forward +€1,410
up €1,410 (+6.5%), from €21,740 to €23,150
- Gross operating margin -€2,569
down €2,569 (-15.4%), from €16,713 to €14,144
- Financial charges -€877
down €877 (-91.7%), from €957 to €80
- Other operating charges -€331
down €331 (-38.5%), from €859 to €528
- Financial income -€316
down €316 (-33.9%), from €932 to €616
- Taxes -€277
down €277 (-5.8%), from €4,781 to €4,504
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.
Cash bridge derived
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 | €96,197 | €106,139 | +€9,942 | +10.3% |
| Fixed assets | 21/28 | €818 | €579 | -€239 | -29.3% |
| Tangible fixed assets | 22/27 | €818 | €579 | -€239 | -29.3% |
| Plant, machinery and equipment | 23 | €818 | €579 | -€239 | -29.3% |
| Current assets | 29/58 | €95,379 | €105,561 | +€10,182 | +10.7% |
| Amounts receivable within one year | 40/41 | €751 | €692 | -€58 | -7.8% |
| Other amounts receivable | 41 | €751 | €692 | -€58 | -7.8% |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,628 | €64,868 | +€10,240 | +18.7% |
| Total equity and liabilities | 10/49 | €96,197 | €106,139 | +€9,942 | +10.3% |
| Equity | 10/15 | €86,740 | €96,150 | +€9,410 | +10.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €23,000 | +€8,000 | +53.3% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €18,000 | +€8,000 | +80.0% |
| Profit (loss) carried forward | 14 | €21,740 | €23,150 | +€1,410 | +6.5% |
| Amounts payable | 17/49 | €9,456 | €9,989 | +€533 | +5.6% |
| Amounts payable within one year | 42/48 | €9,456 | €9,989 | +€533 | +5.6% |
| Trade debts | 44 | €1,137 | €107 | -€1,031 | -90.6% |
| Suppliers | 440/4 | €1,137 | €107 | -€1,031 | -90.6% |
| Taxes, remuneration and social security | 45 | €7,873 | €7,693 | -€180 | -2.3% |
| Taxes | 450/3 | €7,873 | €7,693 | -€180 | -2.3% |
| Other amounts payable | 47/48 | €446 | €2,189 | +€1,743 | +390.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €239 | = | 0.0% |
| Other operating charges | 640/8 | €859 | €528 | -€331 | -38.5% |
| Gross operating margin | 9900 | €16,713 | €14,144 | -€2,569 | -15.4% |
| Operating profit (loss) | 9901 | €15,615 | €13,377 | -€2,238 | -14.3% |
| Financial income | 75/76B | €932 | €616 | -€316 | -33.9% |
| Recurring financial income | 75 | €932 | €616 | -€316 | -33.9% |
| Financial charges | 65/66B | €957 | €80 | -€877 | -91.7% |
| Recurring financial charges | 65 | €957 | €80 | -€877 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €15,590 | €13,913 | -€1,677 | -10.8% |
| Income taxes | 67/77 | €4,781 | €4,504 | -€277 | -5.8% |
| Profit (loss) for the period | 9904 | €10,809 | €9,410 | -€1,399 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,809 | €9,410 | -€1,399 | -12.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.