HD Transport: 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 Transport
Largest movements
- Receivables within one year +€25,790
up €25,790 (+102%), from €25,241 to €51,032
of which Trade receivables: +€25,783
- Cash +€11,684
up €11,684 (+46.7%), from €24,999 to €36,683
mainly Other debts (+€61,124) and Contributions, distributions and other (+€7,083)
- Stocks and contracts +€6,482
up €6,482 (+9.0%), from €72,213 to €78,694
- Other debts +€61,124
up €61,124 (+313%), from €19,504 to €80,628
- Reserves +€14,087
up €14,087 (+43.6%), from €32,317 to €46,404
of which Distributable reserves: +€13,487
- Trade debts -€13,310
down €13,310 (-54.7%), from €24,334 to €11,024
- Debts after one year -€12,683
down €12,683 (-41.7%), from €30,435 to €17,752
- Tax, wage and social debts -€5,540
down €5,540 (-63.3%), from €8,757 to €3,217
- Gross operating margin -€15,953
down €15,953 (-61.7%), from €25,872 to €9,918
- Other operating charges -€13,957
down €13,957 (-92.3%), from €15,120 to €1,163
- Financial charges -€6,342
no longer reported in 2024 (was €6,342)
- Taxes +€1,016
up €1,016 (+138%), from €735 to €1,751
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,953 | €177,909 | +€43,956 | +32.8% |
| Fixed assets | 21/28 | €11,500 | €11,500 | = | 0.0% |
| Financial fixed assets | 28 | €11,500 | €11,500 | = | 0.0% |
| Current assets | 29/58 | €122,453 | €166,409 | +€43,956 | +35.9% |
| Stocks and contracts in progress | 3 | €72,213 | €78,694 | +€6,482 | +9.0% |
| Stocks | 30/36 | €72,213 | €78,694 | +€6,482 | +9.0% |
| Amounts receivable within one year | 40/41 | €25,241 | €51,032 | +€25,790 | +102% |
| Trade receivables | 40 | €25,241 | €51,024 | +€25,783 | +102% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €24,999 | €36,683 | +€11,684 | +46.7% |
| Total equity and liabilities | 10/49 | €133,953 | €177,909 | +€43,956 | +32.8% |
| Equity | 10/15 | €38,517 | €52,604 | +€14,087 | +36.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,317 | €46,404 | +€14,087 | +43.6% |
| Non-distributable reserves | 130/1 | - | €600 | +€600 | |
| Legal reserve | 130 | - | €600 | +€600 | |
| Distributable reserves | 133 | €32,317 | €45,804 | +€13,487 | +41.7% |
| Amounts payable | 17/49 | €95,436 | €125,305 | +€29,869 | +31.3% |
| Amounts payable after more than one year | 17 | €30,435 | €17,752 | -€12,683 | -41.7% |
| Financial debts | 170/4 | €30,435 | €17,752 | -€12,683 | -41.7% |
| Amounts payable within one year | 42/48 | €65,001 | €107,553 | +€42,552 | +65.5% |
| Current portion of amounts payable after more than one year | 42 | €12,406 | €12,684 | +€278 | +2.2% |
| Trade debts | 44 | €24,334 | €11,024 | -€13,310 | -54.7% |
| Suppliers | 440/4 | €24,334 | €11,024 | -€13,310 | -54.7% |
| Taxes, remuneration and social security | 45 | €8,757 | €3,217 | -€5,540 | -63.3% |
| Taxes | 450/3 | €8,757 | €3,217 | -€5,540 | -63.3% |
| Other amounts payable | 47/48 | €19,504 | €80,628 | +€61,124 | +313% |
| Other operating charges | 640/8 | €15,120 | €1,163 | -€13,957 | -92.3% |
| Gross operating margin | 9900 | €25,872 | €9,918 | -€15,953 | -61.7% |
| Operating profit (loss) | 9901 | €10,752 | €8,755 | -€1,997 | -18.6% |
| Financial charges | 65/66B | €6,342 | - | -€6,342 | |
| Recurring financial charges | 65 | €6,342 | - | -€6,342 | |
| Profit (loss) for the period before taxes | 9903 | €4,410 | €8,755 | +€4,345 | +98.5% |
| Income taxes | 67/77 | €735 | €1,751 | +€1,016 | +138% |
| Profit (loss) for the period | 9904 | €3,675 | €7,004 | +€3,329 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,675 | €7,004 | +€3,329 | +90.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.