HD4 Services: 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.
HD4 Services
Largest movements
- Current investments +€7,827
up €7,827 (+29.7%), from €26,365 to €34,192
- Receivables after one year -€4,247
down €4,247 (-48.2%), from €8,819 to €4,572
- Cash +€3,860
up €3,860 (+2.9%), from €133,237 to €137,097
mainly Net result for the year (+€40,487) and Receivables after one year (+€4,247)
- Tangible fixed assets -€3,111
down €3,111 (-24.6%), from €12,667 to €9,556
of which Other tangible fixed assets: -€1,557
- Receivables within one year -€2,903
down €2,903 (-5.4%), from €54,250 to €51,347
of which Other amounts receivable: -€2,035
- Other debts -€14,975
down €14,975 (-32.8%), from €45,593 to €30,618
- Reserves +€14,288
up €14,288 (+10.9%), from €131,629 to €145,917
of which Non-distributable reserves: +€14,288
- Gross operating margin +€18,299
up €18,299 (+48.0%), from €38,106 to €56,405
- Depreciation -€8,852
down €8,852 (-76.3%), from €11,606 to €2,754
- Taxes +€8,197
up €8,197 (+98.0%), from €8,366 to €16,563
- Financial income +€1,757
up €1,757 (+52.2%), from €3,366 to €5,123
of which Financial income: +€4,678
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.
Cash bridge derived
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 | €235,920 | €237,435 | +€1,514 | +0.6% |
| Fixed assets | 21/28 | €12,667 | €9,556 | -€3,111 | -24.6% |
| Tangible fixed assets | 22/27 | €12,667 | €9,556 | -€3,111 | -24.6% |
| Furniture and vehicles | 24 | €2,196 | €643 | -€1,554 | -70.7% |
| Other tangible fixed assets | 26 | €10,470 | €8,913 | -€1,557 | -14.9% |
| Current assets | 29/58 | €223,253 | €227,879 | +€4,625 | +2.1% |
| Amounts receivable after more than one year | 29 | €8,819 | €4,572 | -€4,247 | -48.2% |
| Other amounts receivable | 291 | €8,819 | €4,572 | -€4,247 | -48.2% |
| Amounts receivable within one year | 40/41 | €54,250 | €51,347 | -€2,903 | -5.4% |
| Trade receivables | 40 | €47,535 | €46,666 | -€869 | -1.8% |
| Other amounts receivable | 41 | €6,715 | €4,680 | -€2,035 | -30.3% |
| Current investments | 50/53 | €26,365 | €34,192 | +€7,827 | +29.7% |
| Cash at bank and in hand | 54/58 | €133,237 | €137,097 | +€3,860 | +2.9% |
| Deferred charges and accrued income | 490/1 | €582 | €670 | +€88 | +15.1% |
| Total equity and liabilities | 10/49 | €235,920 | €237,435 | +€1,514 | +0.6% |
| Equity | 10/15 | €180,581 | €194,869 | +€14,288 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,629 | €145,917 | +€14,288 | +10.9% |
| Non-distributable reserves | 130/1 | €124,455 | €138,743 | +€14,288 | +11.5% |
| Reserves not available under the articles | 1311 | €124,455 | €138,743 | +€14,288 | +11.5% |
| Distributable reserves | 133 | €7,174 | €7,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,752 | €42,752 | = | 0.0% |
| Amounts payable | 17/49 | €55,340 | €42,566 | -€12,774 | -23.1% |
| Amounts payable within one year | 42/48 | €55,340 | €42,566 | -€12,774 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €1,190 | - | -€1,190 | |
| Trade debts | 44 | €750 | €2,550 | +€1,800 | +239.9% |
| Suppliers | 440/4 | €750 | €2,550 | +€1,800 | +239.9% |
| Taxes, remuneration and social security | 45 | €7,806 | €9,398 | +€1,591 | +20.4% |
| Taxes | 450/3 | €7,806 | €9,398 | +€1,591 | +20.4% |
| Other amounts payable | 47/48 | €45,593 | €30,618 | -€14,975 | -32.8% |
| Non-recurring operating income | 76A | - | €2,452 | +€2,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,606 | €2,754 | -€8,852 | -76.3% |
| Other operating charges | 640/8 | €1,115 | €1,465 | +€350 | +31.4% |
| Gross operating margin | 9900 | €38,106 | €56,405 | +€18,299 | +48.0% |
| Operating profit (loss) | 9901 | €25,385 | €52,186 | +€26,801 | +105.6% |
| Financial income | 75/76B | €3,366 | €5,123 | +€1,757 | +52.2% |
| Recurring financial income | 75 | €445 | €5,123 | +€4,678 | +1052.1% |
| Non-recurring financial income | 76B | €2,921 | - | -€2,921 | |
| Financial charges | 65/66B | €36 | €259 | +€222 | +610.6% |
| Recurring financial charges | 65 | €36 | €259 | +€222 | +610.6% |
| Profit (loss) for the period before taxes | 9903 | €28,714 | €57,050 | +€28,336 | +98.7% |
| Income taxes | 67/77 | €8,366 | €16,563 | +€8,197 | +98.0% |
| Profit (loss) for the period | 9904 | €20,347 | €40,487 | +€20,139 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,347 | €40,487 | +€20,139 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.