HD17 HOLDING: 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.
HD17 HOLDING
Largest movements
- Cash -€68,658
down €68,658 (-11.9%), from €575,918 to €507,260
mainly Receivables within one year (-€50,861) and Tax, wage and social debts (-€20,404)
- Receivables within one year +€50,861
up €50,861 (+2455.3%), from €2,071 to €52,933
of which Trade receivables: +€51,884
- Tax, wage and social debts -€20,404
down €20,404 (-3.1%), from €656,977 to €636,574
- Financial income -€1.8m
down €1.8m (-99.9%), from €1.8m to €2,633
of which Non-recurring financial income: -€1.8m
- Gross operating margin -€978,066
down €978,066 (-90.3%), from €1.1m to €104,851
- Taxes -€677,381
down €677,381, from €656,977 to -€20,404
- Other operating charges -€322,662
down €322,662 (-73.4%), from €439,623 to €116,960
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 | €1,571,425 | €1,556,252 | -€15,173 | -1.0% |
| Fixed assets | 21/28 | €993,436 | €996,059 | +€2,624 | +0.3% |
| Financial fixed assets | 28 | €993,436 | €996,059 | +€2,624 | +0.3% |
| Current assets | 29/58 | €577,990 | €560,193 | -€17,797 | -3.1% |
| Amounts receivable within one year | 40/41 | €2,071 | €52,933 | +€50,861 | +2455.3% |
| Trade receivables | 40 | €1,049 | €52,933 | +€51,884 | +4945.9% |
| Other amounts receivable | 41 | €1,022 | - | -€1,022 | |
| Cash at bank and in hand | 54/58 | €575,918 | €507,260 | -€68,658 | -11.9% |
| Total equity and liabilities | 10/49 | €1,571,425 | €1,556,252 | -€15,173 | -1.0% |
| Equity | 10/15 | €907,524 | €916,761 | +€9,236 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €839,324 | €848,561 | +€9,236 | +1.1% |
| Amounts payable | 17/49 | €663,901 | €639,491 | -€24,410 | -3.7% |
| Amounts payable within one year | 42/48 | €663,901 | €639,491 | -€24,410 | -3.7% |
| Trade debts | 44 | €6,924 | €2,918 | -€4,006 | -57.9% |
| Suppliers | 440/4 | €6,924 | €2,918 | -€4,006 | -57.9% |
| Taxes, remuneration and social security | 45 | €656,977 | €636,574 | -€20,404 | -3.1% |
| Taxes | 450/3 | €656,977 | €636,574 | -€20,404 | -3.1% |
| Other operating charges | 640/8 | €439,623 | €116,960 | -€322,662 | -73.4% |
| Gross operating margin | 9900 | €1,082,917 | €104,851 | -€978,066 | -90.3% |
| Operating profit (loss) | 9901 | €643,295 | -€12,109 | -€655,404 | |
| Financial income | 75/76B | €1,816,541 | €2,633 | -€1.8m | -99.9% |
| Recurring financial income | 75 | €9,867 | €2,633 | -€7,234 | -73.3% |
| Non-recurring financial income | 76B | €1,806,674 | - | -€1.8m | |
| Financial charges | 65/66B | €1,204 | €1,691 | +€487 | +40.5% |
| Recurring financial charges | 65 | €1,204 | €1,691 | +€487 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €2,458,632 | -€11,167 | -€2.5m | |
| Income taxes | 67/77 | €656,977 | -€20,404 | -€677,381 | |
| Profit (loss) for the period | 9904 | €1,801,655 | €9,236 | -€1.8m | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,801,655 | €9,236 | -€1.8m | -99.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.