HD Quality Support: 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 Quality Support
Largest movements
- Cash -€62,521
down €62,521 (-64.0%), from €97,631 to €35,110
mainly Current investments (-€55,000) and Receivables within one year (-€26,184)
- Current investments +€55,000
new in 2025: €55,000
- Receivables within one year +€26,184
up €26,184 (+365%), from €7,182 to €33,366
of which Trade receivables: +€21,558
- Tangible fixed assets +€3,177
up €3,177 (+16.6%), from €19,108 to €22,285
of which Other tangible fixed assets: +€5,163
- Reserves +€18,994
up €18,994 (+18.3%), from €103,636 to €122,630
of which Distributable reserves: +€18,994
- Trade debts +€5,476
up €5,476 (+234%), from €2,342 to €7,818
- Tax, wage and social debts -€2,355
down €2,355 (-17.3%), from €13,590 to €11,235
- Gross operating margin -€6,176
down €6,176 (-15.9%), from €38,791 to €32,615
- Taxes -€1,736
down €1,736 (-17.3%), from €10,030 to €8,294
- Depreciation +€1,066
up €1,066 (+50.1%), from €2,130 to €3,196
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 | €129,167 | €150,859 | +€21,692 | +16.8% |
| Fixed assets | 21/28 | €19,108 | €22,285 | +€3,177 | +16.6% |
| Tangible fixed assets | 22/27 | €19,108 | €22,285 | +€3,177 | +16.6% |
| Furniture and vehicles | 24 | €2,534 | €548 | -€1,986 | -78.4% |
| Other tangible fixed assets | 26 | €16,574 | €21,737 | +€5,163 | +31.1% |
| Current assets | 29/58 | €110,059 | €128,574 | +€18,515 | +16.8% |
| Amounts receivable within one year | 40/41 | €7,182 | €33,366 | +€26,184 | +365% |
| Trade receivables | 40 | €7,179 | €28,737 | +€21,558 | +300% |
| Other amounts receivable | 41 | €3 | €4,629 | +€4,626 | +160,632% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €97,631 | €35,110 | -€62,521 | -64.0% |
| Deferred charges and accrued income | 490/1 | €5,246 | €5,098 | -€148 | -2.8% |
| Total equity and liabilities | 10/49 | €129,167 | €150,859 | +€21,692 | +16.8% |
| Equity | 10/15 | €109,836 | €128,830 | +€18,994 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,636 | €122,630 | +€18,994 | +18.3% |
| Tax-exempt reserves | 132 | €238 | €238 | = | 0.0% |
| Distributable reserves | 133 | €103,398 | €122,392 | +€18,994 | +18.4% |
| Amounts payable | 17/49 | €19,331 | €22,029 | +€2,698 | +14.0% |
| Amounts payable within one year | 42/48 | €18,683 | €20,653 | +€1,970 | +10.5% |
| Trade debts | 44 | €2,342 | €7,818 | +€5,476 | +234% |
| Suppliers | 440/4 | €2,342 | €7,818 | +€5,476 | +234% |
| Taxes, remuneration and social security | 45 | €13,590 | €11,235 | -€2,355 | -17.3% |
| Taxes | 450/3 | €13,590 | €11,235 | -€2,355 | -17.3% |
| Other amounts payable | 47/48 | €2,751 | €1,600 | -€1,151 | -41.8% |
| Accrued charges and deferred income | 492/3 | €648 | €1,376 | +€728 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,130 | €3,196 | +€1,066 | +50.1% |
| Other operating charges | 640/8 | €1,138 | €954 | -€184 | -16.1% |
| Gross operating margin | 9900 | €38,791 | €32,615 | -€6,176 | -15.9% |
| Operating profit (loss) | 9901 | €35,523 | €28,464 | -€7,059 | -19.9% |
| Financial income | 75/76B | €382 | €678 | +€297 | +77.7% |
| Recurring financial income | 75 | €382 | €678 | +€297 | +77.7% |
| Financial charges | 65/66B | €291 | €255 | -€37 | -12.6% |
| Recurring financial charges | 65 | €291 | €255 | -€37 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €35,613 | €28,888 | -€6,725 | -18.9% |
| Income taxes | 67/77 | €10,030 | €8,294 | -€1,736 | -17.3% |
| Profit (loss) for the period | 9904 | €25,584 | €20,594 | -€4,989 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,584 | €20,594 | -€4,989 | -19.5% |
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 15 October 2026 via checked.be.