HD Technics: 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 Technics
Largest movements
- Tangible fixed assets -€38,796
down €38,796 (-4.8%), from €815,291 to €776,496
of which Land and buildings: -€28,746
- Debts after one year -€68,610
down €68,610 (-13.0%), from €528,025 to €459,415
- Trade debts +€24,215
up €24,215 (+1661.3%), from €1,458 to €25,673
- Reserves +€14,860
up €14,860 (+6.6%), from €226,256 to €241,115
of which Distributable reserves: +€18,213
- Gross operating margin -€67,111
down €67,111 (-43.3%), from €155,142 to €88,032
- Other operating charges -€42,171
down €42,171 (-86.1%), from €48,992 to €6,821
- Taxes -€6,411
down €6,411 (-46.3%), from €13,853 to €7,442
- Financial charges +€1,769
up €1,769 (+7.1%), from €24,980 to €26,749
- Depreciation +€1,733
up €1,733 (+4.7%), from €37,063 to €38,796
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 | €1,023,929 | €984,891 | -€39,038 | -3.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €816,291 | €777,496 | -€38,796 | -4.8% |
| Tangible fixed assets | 22/27 | €815,291 | €776,496 | -€38,796 | -4.8% |
| Land and buildings | 22 | €765,803 | €737,058 | -€28,746 | -3.8% |
| Plant, machinery and equipment | 23 | €43,598 | €35,709 | -€7,889 | -18.1% |
| Furniture and vehicles | 24 | €5,890 | €3,729 | -€2,161 | -36.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €207,638 | €207,395 | -€243 | -0.1% |
| Amounts receivable after more than one year | 29 | €82,000 | €82,000 | = | 0.0% |
| Other amounts receivable | 291 | €82,000 | €82,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121,740 | €115,928 | -€5,812 | -4.8% |
| Trade receivables | 40 | €61,654 | €58,977 | -€2,677 | -4.3% |
| Other amounts receivable | 41 | €60,085 | €56,951 | -€3,134 | -5.2% |
| Cash at bank and in hand | 54/58 | €290 | €2,025 | +€1,735 | +597.7% |
| Deferred charges and accrued income | 490/1 | €3,608 | €7,443 | +€3,834 | +106.3% |
| Total equity and liabilities | 10/49 | €1,023,929 | €984,891 | -€39,038 | -3.8% |
| Equity | 10/15 | €287,256 | €302,115 | +€14,860 | +5.2% |
| Contributions | 10/11 | €61,000 | €61,000 | = | 0.0% |
| Reserves | 13 | €226,256 | €241,115 | +€14,860 | +6.6% |
| Tax-exempt reserves | 132 | €47,901 | €44,548 | -€3,353 | -7.0% |
| Distributable reserves | 133 | €178,354 | €196,567 | +€18,213 | +10.2% |
| Provisions and deferred taxes | 16 | €11,736 | €10,898 | -€838 | -7.1% |
| Deferred taxes | 168 | €11,736 | €10,898 | -€838 | -7.1% |
| Amounts payable | 17/49 | €724,937 | €671,878 | -€53,059 | -7.3% |
| Amounts payable after more than one year | 17 | €528,025 | €459,415 | -€68,610 | -13.0% |
| Financial debts | 170/4 | €528,025 | €459,415 | -€68,610 | -13.0% |
| Amounts payable within one year | 42/48 | €195,512 | €211,019 | +€15,507 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €65,835 | €73,669 | +€7,834 | +11.9% |
| Trade debts | 44 | €1,458 | €25,673 | +€24,215 | +1661.3% |
| Suppliers | 440/4 | €1,458 | €25,673 | +€24,215 | +1661.3% |
| Taxes, remuneration and social security | 45 | €36,575 | €27,845 | -€8,730 | -23.9% |
| Taxes | 450/3 | €36,575 | €27,845 | -€8,730 | -23.9% |
| Other amounts payable | 47/48 | €91,644 | €83,832 | -€7,813 | -8.5% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,443 | +€43 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,063 | €38,796 | +€1,733 | +4.7% |
| Other operating charges | 640/8 | €48,992 | €6,821 | -€42,171 | -86.1% |
| Non-recurring operating charges | 66A | €3,260 | - | -€3,260 | |
| Gross operating margin | 9900 | €155,142 | €88,032 | -€67,111 | -43.3% |
| Operating profit (loss) | 9901 | €65,827 | €42,415 | -€23,412 | -35.6% |
| Financial income | 75/76B | €5,562 | €5,797 | +€234 | +4.2% |
| Recurring financial income | 75 | €5,562 | €5,797 | +€234 | +4.2% |
| Financial charges | 65/66B | €24,980 | €26,749 | +€1,769 | +7.1% |
| Recurring financial charges | 65 | €24,980 | €26,749 | +€1,769 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €46,409 | €21,463 | -€24,946 | -53.8% |
| Transfer from deferred taxes | 780 | €838 | €838 | = | 0.0% |
| Income taxes | 67/77 | €13,853 | €7,442 | -€6,411 | -46.3% |
| Profit (loss) for the period | 9904 | €33,394 | €14,860 | -€18,535 | -55.5% |
| Transfer from tax-exempt reserves | 789 | €3,353 | €3,353 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,747 | €18,213 | -€18,535 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.