HD PEOPLE: 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 PEOPLE
Largest movements
- Financial fixed assets -€257,443
down €257,443 (-49.9%), from €515,978 to €258,534
- Cash +€167,993
up €167,993 (+2,871%), from €5,852 to €173,845
mainly Investment in fixed assets (net) (+€257,443) and Net result for the year (+€219,666)
- Receivables within one year +€156,607
up €156,607 (+98.2%), from €159,524 to €316,132
- Tangible fixed assets -€38,847
down €38,847 (-12.1%), from €321,393 to €282,547
of which Furniture and vehicles: -€20,972
- Receivables after one year +€15,965
up €15,965 (+6.0%), from €264,035 to €280,000
- Reserves +€110,665
up €110,665 (+14.3%), from €773,514 to €884,179
of which Distributable reserves: +€110,665
- Debts after one year -€45,069
down €45,069 (-46.0%), from €97,908 to €52,839
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Gross operating margin +€81,960
up €81,960 (+58.8%), from €139,500 to €221,460
- Financial income -€74,272
down €74,272 (-52.6%), from €141,139 to €66,867
- Taxes -€10,710
down €10,710 (-32.4%), from €33,015 to €22,305
- Financial charges -€2,954
down €2,954 (-40.9%), from €7,222 to €4,268
- Other operating charges +€2,834
up €2,834 (+694%), from €408 to €3,242
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 | €1,375,576 | €1,418,076 | +€42,500 | +3.1% |
| Fixed assets | 21/28 | €837,371 | €541,081 | -€296,290 | -35.4% |
| Tangible fixed assets | 22/27 | €321,393 | €282,547 | -€38,847 | -12.1% |
| Land and buildings | 22 | €238,942 | €221,067 | -€17,875 | -7.5% |
| Furniture and vehicles | 24 | €82,451 | €61,480 | -€20,972 | -25.4% |
| Financial fixed assets | 28 | €515,978 | €258,534 | -€257,443 | -49.9% |
| Current assets | 29/58 | €538,205 | €876,995 | +€338,790 | +62.9% |
| Amounts receivable after more than one year | 29 | €264,035 | €280,000 | +€15,965 | +6.0% |
| Other amounts receivable | 291 | €264,035 | €280,000 | +€15,965 | +6.0% |
| Amounts receivable within one year | 40/41 | €159,524 | €316,132 | +€156,607 | +98.2% |
| Other amounts receivable | 41 | €159,524 | €316,132 | +€156,607 | +98.2% |
| Cash at bank and in hand | 54/58 | €5,852 | €173,845 | +€167,993 | +2,871% |
| Deferred charges and accrued income | 490/1 | €108,793 | €107,018 | -€1,775 | -1.6% |
| Total equity and liabilities | 10/49 | €1,375,576 | €1,418,076 | +€42,500 | +3.1% |
| Equity | 10/15 | €1,150,279 | €1,260,945 | +€110,666 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €773,514 | €884,179 | +€110,665 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,199 | €1,199 | = | 0.0% |
| Distributable reserves | 133 | €770,455 | €881,120 | +€110,665 | +14.4% |
| Profit (loss) carried forward | 14 | €370,564 | €370,566 | +€1 | 0.0% |
| Amounts payable | 17/49 | €225,297 | €157,131 | -€68,166 | -30.3% |
| Amounts payable after more than one year | 17 | €97,908 | €52,839 | -€45,069 | -46.0% |
| Financial debts | 170/4 | €97,908 | €52,839 | -€45,069 | -46.0% |
| Amounts payable within one year | 42/48 | €127,389 | €104,292 | -€23,097 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €43,879 | €45,069 | +€1,190 | +2.7% |
| Financial debts | 43 | €410 | €1,868 | +€1,459 | +356% |
| Credit institutions | 430/8 | €410 | €1,868 | +€1,459 | +356% |
| Trade debts | 44 | €1,864 | €2,133 | +€269 | +14.4% |
| Suppliers | 440/4 | €1,864 | €2,133 | +€269 | +14.4% |
| Taxes, remuneration and social security | 45 | €61,237 | €55,222 | -€6,015 | -9.8% |
| Taxes | 450/3 | €61,237 | €55,222 | -€6,015 | -9.8% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Non-recurring operating income | 76A | €61,296 | €262,175 | +€200,880 | +328% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,445 | €38,847 | -€1,598 | -4.0% |
| Other operating charges | 640/8 | €408 | €3,242 | +€2,834 | +694% |
| Gross operating margin | 9900 | €139,500 | €221,460 | +€81,960 | +58.8% |
| Operating profit (loss) | 9901 | €98,647 | €179,372 | +€80,725 | +81.8% |
| Financial income | 75/76B | €141,139 | €66,867 | -€74,272 | -52.6% |
| Recurring financial income | 75 | €141,139 | €66,867 | -€74,272 | -52.6% |
| Financial charges | 65/66B | €7,222 | €4,268 | -€2,954 | -40.9% |
| Recurring financial charges | 65 | €7,222 | €4,268 | -€2,954 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €232,565 | €241,971 | +€9,406 | +4.0% |
| Income taxes | 67/77 | €33,015 | €22,305 | -€10,710 | -32.4% |
| Profit (loss) for the period | 9904 | €199,550 | €219,666 | +€20,116 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €199,550 | €219,666 | +€20,116 | +10.1% |
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 20 October 2026 via checked.be.