HD Properties: 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 Properties
Largest movements
- Stocks and contracts +€130,832
up €130,832 (+17.2%), from €760,772 to €891,604
- Deferred charges and accrued income -€19,656
no longer reported in 2025 (was €19,656)
- Other debts +€115,015
up €115,015 (+62.9%), from €182,839 to €297,853
- Profit (loss) carried forward -€29,837
down €29,837 (-52.9%), from -€56,440 to -€86,277
- Current portion of long-term debt +€22,514
up €22,514 (+4.2%), from €533,651 to €556,166
- Gross operating margin +€21,914
up €21,914 (+87.7%), from -€24,988 to -€3,074
- Financial charges -€4,618
down €4,618 (-14.9%), from €30,900 to €26,282
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 | €786,881 | €897,973 | +€111,092 | +14.1% |
| Current assets | 29/58 | €786,881 | €897,973 | +€111,092 | +14.1% |
| Stocks and contracts in progress | 3 | €760,772 | €891,604 | +€130,832 | +17.2% |
| Stocks | 30/36 | €760,772 | €891,604 | +€130,832 | +17.2% |
| Cash at bank and in hand | 54/58 | €6,453 | €6,369 | -€84 | -1.3% |
| Deferred charges and accrued income | 490/1 | €19,656 | - | -€19,656 | |
| Total equity and liabilities | 10/49 | €786,881 | €897,973 | +€111,092 | +14.1% |
| Equity | 10/15 | €67,498 | €37,661 | -€29,837 | -44.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €3,938 | €3,938 | = | 0.0% |
| Distributable reserves | 133 | €3,938 | €3,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,440 | -€86,277 | -€29,837 | -52.9% |
| Amounts payable | 17/49 | €719,383 | €860,312 | +€140,929 | +19.6% |
| Amounts payable within one year | 42/48 | €719,383 | €860,312 | +€140,929 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €533,651 | €556,166 | +€22,514 | +4.2% |
| Trade debts | 44 | - | €5,795 | +€5,795 | |
| Suppliers | 440/4 | - | €5,795 | +€5,795 | |
| Taxes, remuneration and social security | 45 | €2,893 | €497 | -€2,395 | -82.8% |
| Taxes | 450/3 | €2,893 | €497 | -€2,395 | -82.8% |
| Other amounts payable | 47/48 | €182,839 | €297,853 | +€115,015 | +62.9% |
| Other operating charges | 640/8 | €557 | €481 | -€76 | -13.6% |
| Gross operating margin | 9900 | -€24,988 | -€3,074 | +€21,914 | +87.7% |
| Operating profit (loss) | 9901 | -€25,545 | -€3,555 | +€21,990 | +86.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €30,900 | €26,282 | -€4,618 | -14.9% |
| Recurring financial charges | 65 | €30,900 | €26,282 | -€4,618 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,440 | -€29,837 | +€26,603 | +47.1% |
| Profit (loss) for the period | 9904 | -€56,440 | -€29,837 | +€26,603 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,440 | -€29,837 | +€26,603 | +47.1% |
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 21 October 2026 via checked.be.