HD Trust: 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 Trust
Largest movements
- Cash +€2,786
up €2,786 (+141%), from €1,979 to €4,765
mainly Net result for the year (+€3,146) and Receivables within one year (+€135)
- Receivables within one year -€135
down €135 (-21.3%), from €632 to €497
of which Other amounts receivable: -€135
- Profit (loss) carried forward +€3,146
up €3,146 (+18.0%), from -€17,509 to -€14,363
- Trade debts -€495
down €495 (-51.4%), from €963 to €469
- Gross operating margin +€6,515
up €6,515, from -€3,189 to €3,326
- Financial charges -€57
no longer reported in 2025 (was €57)
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 | €2,791 | €5,443 | +€2,652 | +95.0% |
| Current assets | 29/58 | €2,791 | €5,443 | +€2,652 | +95.0% |
| Amounts receivable within one year | 40/41 | €632 | €497 | -€135 | -21.3% |
| Trade receivables | 40 | €350 | €350 | = | 0.0% |
| Other amounts receivable | 41 | €282 | €147 | -€135 | -47.8% |
| Cash at bank and in hand | 54/58 | €1,979 | €4,765 | +€2,786 | +141% |
| Deferred charges and accrued income | 490/1 | €180 | €180 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €2,791 | €5,443 | +€2,652 | +95.0% |
| Equity | 10/15 | -€1,730 | €1,417 | +€3,146 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,580 | €9,580 | = | 0.0% |
| Distributable reserves | 133 | €9,580 | €9,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,509 | -€14,363 | +€3,146 | +18.0% |
| Amounts payable | 17/49 | €4,520 | €4,026 | -€495 | -10.9% |
| Amounts payable within one year | 42/48 | €4,520 | €4,026 | -€495 | -10.9% |
| Trade debts | 44 | €963 | €469 | -€495 | -51.4% |
| Suppliers | 440/4 | €963 | €469 | -€495 | -51.4% |
| Other amounts payable | 47/48 | €3,557 | €3,557 | = | 0.0% |
| Other operating charges | 640/8 | €180 | €180 | = | 0.0% |
| Gross operating margin | 9900 | -€3,189 | €3,326 | +€6,515 | |
| Operating profit (loss) | 9901 | -€3,369 | €3,146 | +€6,515 | |
| Financial charges | 65/66B | €57 | - | -€57 | |
| Recurring financial charges | 65 | €57 | - | -€57 | |
| Profit (loss) for the period before taxes | 9903 | -€3,425 | €3,146 | +€6,572 | |
| Profit (loss) for the period | 9904 | -€3,425 | €3,146 | +€6,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,425 | €3,146 | +€6,572 |
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 16 October 2026 via checked.be.