HD-TECH: 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-TECH
Largest movements
- Cash +€3,779
up €3,779 (+190.7%), from €1,982 to €5,761
mainly Tax, wage and social debts (+€13,944) and Trade debts (+€1,154)
- Stocks and contracts +€385
up €385 (+2.0%), from €18,999 to €19,384
- Tax, wage and social debts +€13,944
up €13,944 (+339.0%), from €4,113 to €18,057
of which Remuneration and social security: +€10,400
- Profit (loss) carried forward -€8,433
down €8,433 (-18.1%), from -€46,599 to -€55,032
- Other debts -€2,500
down €2,500 (-37.1%), from €6,742 to €4,242
- Trade debts +€1,154
up €1,154 (+66.9%), from €1,725 to €2,879
- Purchases and services -€33,703
no longer reported in 2025 (was €33,703)
- Turnover -€24,998
no longer reported in 2025 (was €24,998)
- Gross operating margin -€3,605
down €3,605 (-75.8%), from -€4,753 to -€8,358
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 | €30,619 | €34,784 | +€4,165 | +13.6% |
| Current assets | 29/58 | €30,619 | €34,784 | +€4,165 | +13.6% |
| Stocks and contracts in progress | 3 | €18,999 | €19,384 | +€385 | +2.0% |
| Stocks | 30/36 | €18,999 | €19,384 | +€385 | +2.0% |
| Amounts receivable within one year | 40/41 | €9,639 | €9,639 | = | 0.0% |
| Trade receivables | 40 | €9,639 | €9,639 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,982 | €5,761 | +€3,779 | +190.7% |
| Total equity and liabilities | 10/49 | €30,619 | €34,784 | +€4,165 | +13.6% |
| Equity | 10/15 | -€26,139 | -€34,572 | -€8,433 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,599 | -€55,032 | -€8,433 | -18.1% |
| Amounts payable | 17/49 | €56,758 | €69,357 | +€12,598 | +22.2% |
| Amounts payable within one year | 42/48 | €56,758 | €69,357 | +€12,598 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €43,226 | €43,226 | = | 0.0% |
| Financial debts | 43 | €953 | €953 | = | 0.0% |
| Credit institutions | 430/8 | €953 | €953 | = | 0.0% |
| Trade debts | 44 | €1,725 | €2,879 | +€1,154 | +66.9% |
| Suppliers | 440/4 | €1,725 | €2,879 | +€1,154 | +66.9% |
| Taxes, remuneration and social security | 45 | €4,113 | €18,057 | +€13,944 | +339.0% |
| Taxes | 450/3 | €4,113 | €7,657 | +€3,544 | +86.2% |
| Remuneration and social security | 454/9 | - | €10,400 | +€10,400 | |
| Other amounts payable | 47/48 | €6,742 | €4,242 | -€2,500 | -37.1% |
| Turnover | 70 | €24,998 | - | -€24,998 | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,703 | - | -€33,703 | |
| Gross operating margin | 9900 | -€4,753 | -€8,358 | -€3,605 | -75.8% |
| Operating profit (loss) | 9901 | -€4,753 | -€8,358 | -€3,605 | -75.8% |
| Financial charges | 65/66B | €201 | €75 | -€126 | -62.6% |
| Recurring financial charges | 65 | €201 | €75 | -€126 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,954 | -€8,433 | -€3,479 | -70.2% |
| Profit (loss) for the period | 9904 | -€4,954 | -€8,433 | -€3,479 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,954 | -€8,433 | -€3,479 | -70.2% |
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 4 October 2026 via checked.be.