HD PREFACONCEPT: 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 PREFACONCEPT
Largest movements
- Tangible fixed assets -€34,693
down €34,693 (-49.7%), from €69,844 to €35,151
of which Furniture and vehicles: -€29,699
- Receivables within one year -€7,395
down €7,395 (-7.8%), from €95,225 to €87,830
of which Trade receivables: -€5,327
- Cash -€2,308
down €2,308 (-24.7%), from €9,344 to €7,036
mainly Trade debts (-€29,476) and Debts after one year (-€11,441)
- Trade debts -€29,476
down €29,476 (-59.5%), from €49,549 to €20,073
- Debts after one year -€11,441
down €11,441 (-46.9%), from €24,406 to €12,965
- Other debts -€5,600
down €5,600 (-4.1%), from €135,643 to €130,043
- Gross operating margin +€32,202
up €32,202, from -€9,197 to €23,005
- Depreciation -€7,976
down €7,976 (-44.3%), from €18,021 to €10,046
- Financial charges -€386
down €386 (-19.5%), from €1,982 to €1,595
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 | €176,332 | €130,373 | -€45,959 | -26.1% |
| Fixed assets | 21/28 | €69,844 | €35,151 | -€34,693 | -49.7% |
| Tangible fixed assets | 22/27 | €69,844 | €35,151 | -€34,693 | -49.7% |
| Plant, machinery and equipment | 23 | €13,184 | €8,190 | -€4,994 | -37.9% |
| Furniture and vehicles | 24 | €56,660 | €26,961 | -€29,699 | -52.4% |
| Current assets | 29/58 | €106,488 | €95,222 | -€11,266 | -10.6% |
| Amounts receivable within one year | 40/41 | €95,225 | €87,830 | -€7,395 | -7.8% |
| Trade receivables | 40 | €91,734 | €86,407 | -€5,327 | -5.8% |
| Other amounts receivable | 41 | €3,492 | €1,423 | -€2,069 | -59.3% |
| Cash at bank and in hand | 54/58 | €9,344 | €7,036 | -€2,308 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,919 | €356 | -€1,563 | -81.4% |
| Total equity and liabilities | 10/49 | €176,332 | €130,373 | -€45,959 | -26.1% |
| Equity | 10/15 | -€44,239 | -€44,150 | +€89 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,239 | -€54,150 | +€89 | +0.2% |
| Amounts payable | 17/49 | €220,571 | €174,523 | -€46,048 | -20.9% |
| Amounts payable after more than one year | 17 | €24,406 | €12,965 | -€11,441 | -46.9% |
| Financial debts | 170/4 | €24,406 | €12,965 | -€11,441 | -46.9% |
| Amounts payable within one year | 42/48 | €196,165 | €161,558 | -€34,607 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €10,957 | €11,441 | +€484 | +4.4% |
| Trade debts | 44 | €49,549 | €20,073 | -€29,476 | -59.5% |
| Suppliers | 440/4 | €49,549 | €20,073 | -€29,476 | -59.5% |
| Taxes, remuneration and social security | 45 | €15 | - | -€15 | |
| Taxes | 450/3 | €15 | - | -€15 | |
| Other amounts payable | 47/48 | €135,643 | €130,043 | -€5,600 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,021 | €10,046 | -€7,976 | -44.3% |
| Other operating charges | 640/8 | €528 | €743 | +€215 | +40.7% |
| Non-recurring operating charges | 66A | - | €10,553 | +€10,553 | |
| Gross operating margin | 9900 | -€9,197 | €23,005 | +€32,202 | |
| Operating profit (loss) | 9901 | -€27,746 | €1,664 | +€29,410 | |
| Financial income | 75/76B | €1 | €20 | +€20 | +3994.0% |
| Recurring financial income | 75 | €1 | €20 | +€20 | +3994.0% |
| Financial charges | 65/66B | €1,982 | €1,595 | -€386 | -19.5% |
| Recurring financial charges | 65 | €1,982 | €1,595 | -€386 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,727 | €89 | +€29,816 | |
| Income taxes | 67/77 | €15 | - | -€15 | |
| Profit (loss) for the period | 9904 | -€29,743 | €89 | +€29,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,743 | €89 | +€29,832 |
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.