HD SERVICE: 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 SERVICE
Largest movements
- Receivables within one year -€6,479
down €6,479 (-70.5%), from €9,191 to €2,712
of which Trade receivables: -€5,144
- Tangible fixed assets -€4,039
down €4,039 (-23.5%), from €17,170 to €13,132
- Cash -€831
down €831 (-20.5%), from €4,061 to €3,230
mainly Net result for the year (-€15,662) and Current portion of long-term debt (-€3,164)
- Stocks and contracts -€807
down €807 (-10.8%), from €7,502 to €6,695
- Profit (loss) carried forward -€15,662
down €15,662 (-161%), from -€9,718 to -€25,379
- Trade debts +€5,588
up €5,588 (+989%), from €565 to €6,153
- Current portion of long-term debt -€3,164
down €3,164 (-82.8%), from €3,823 to €659
- Tax, wage and social debts +€1,585
up €1,585 (+697%), from €227 to €1,812
- Accrued charges and deferred income +€1,263
up €1,263 (+25.6%), from €4,927 to €6,190
- Financial income -€15,102
no longer reported in 2025 (was €15,102)
of which Financial income: -€15,102
- Gross operating margin +€7,629
up €7,629 (+47.4%), from -€16,103 to -€8,474
- Financial charges +€1,171
up €1,171 (+135%), from €865 to €2,036
- Depreciation +€1,015
up €1,015 (+33.6%), from €3,024 to €4,039
- Other operating charges -€602
down €602 (-38.3%), from €1,572 to €970
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 | €37,924 | €25,769 | -€12,156 | -32.1% |
| Fixed assets | 21/28 | €17,170 | €13,132 | -€4,039 | -23.5% |
| Tangible fixed assets | 22/27 | €17,170 | €13,132 | -€4,039 | -23.5% |
| Furniture and vehicles | 24 | €17,170 | €13,132 | -€4,039 | -23.5% |
| Current assets | 29/58 | €20,754 | €12,637 | -€8,117 | -39.1% |
| Stocks and contracts in progress | 3 | €7,502 | €6,695 | -€807 | -10.8% |
| Stocks | 30/36 | €7,502 | €6,695 | -€807 | -10.8% |
| Amounts receivable within one year | 40/41 | €9,191 | €2,712 | -€6,479 | -70.5% |
| Trade receivables | 40 | €7,856 | €2,712 | -€5,144 | -65.5% |
| Other amounts receivable | 41 | €1,335 | €0 | -€1,335 | -100% |
| Cash at bank and in hand | 54/58 | €4,061 | €3,230 | -€831 | -20.5% |
| Total equity and liabilities | 10/49 | €37,924 | €25,769 | -€12,156 | -32.1% |
| Equity | 10/15 | €25,664 | €10,003 | -€15,662 | -61.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,782 | €16,782 | = | 0.0% |
| Distributable reserves | 133 | €16,782 | €16,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,718 | -€25,379 | -€15,662 | -161% |
| Amounts payable | 17/49 | €12,260 | €15,766 | +€3,506 | +28.6% |
| Amounts payable after more than one year | 17 | €659 | €0 | -€659 | -100% |
| Financial debts | 170/4 | €659 | €0 | -€659 | -100% |
| Amounts payable within one year | 42/48 | €6,674 | €9,576 | +€2,902 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €3,823 | €659 | -€3,164 | -82.8% |
| Trade debts | 44 | €565 | €6,153 | +€5,588 | +989% |
| Suppliers | 440/4 | €565 | €6,153 | +€5,588 | +989% |
| Taxes, remuneration and social security | 45 | €227 | €1,812 | +€1,585 | +697% |
| Taxes | 450/3 | €227 | €1,812 | +€1,585 | +697% |
| Other amounts payable | 47/48 | €2,059 | €951 | -€1,108 | -53.8% |
| Accrued charges and deferred income | 492/3 | €4,927 | €6,190 | +€1,263 | +25.6% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,024 | €4,039 | +€1,015 | +33.6% |
| Other operating charges | 640/8 | €1,572 | €970 | -€602 | -38.3% |
| Gross operating margin | 9900 | -€16,103 | -€8,474 | +€7,629 | +47.4% |
| Operating profit (loss) | 9901 | -€20,699 | -€13,483 | +€7,216 | +34.9% |
| Financial income | 75/76B | €15,102 | - | -€15,102 | |
| Recurring financial income | 75 | €15,102 | - | -€15,102 | |
| Non-recurring financial income | 76B | €15,102 | - | -€15,102 | |
| Financial charges | 65/66B | €865 | €2,036 | +€1,171 | +135% |
| Recurring financial charges | 65 | €865 | €2,036 | +€1,171 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€6,461 | -€15,519 | -€9,057 | -140% |
| Income taxes | 67/77 | €227 | €143 | -€85 | -37.2% |
| Profit (loss) for the period | 9904 | -€6,689 | -€15,662 | -€8,973 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,689 | -€15,662 | -€8,973 | -134% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.