HD4YOU BELGIUM: 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.
HD4YOU BELGIUM
Largest movements
- Deferred charges and accrued income -€20,323
no longer reported in 2025 (was €20,323)
- Tangible fixed assets -€11,167
down €11,167 (-53.8%), from €20,746 to €9,579
- Cash -€7,051
down €7,051 (-91.7%), from €7,688 to €637
mainly Current portion of long-term debt (-€119,088) and Net result for the year (-€50,937)
- Intangible fixed assets +€2,876
up €2,876 (+3.7%), from €77,410 to €80,286
- Receivables within one year -€2,719
down €2,719 (-4.0%), from €67,369 to €64,650
of which Trade receivables: -€3,234
- Current portion of long-term debt -€119,088
down €119,088 (-79.7%), from €149,464 to €30,376
- Debts after one year +€58,623
up €58,623 (+267%), from €21,917 to €80,541
- Profit (loss) carried forward -€50,937
down €50,937, from €27,807 to -€23,131
- Short-term financial debts +€49,547
new in 2025: €49,547
- Trade debts +€24,555
up €24,555 (+258%), from €9,525 to €34,080
- Gross operating margin -€66,127
down €66,127 (-97.6%), from €67,761 to €1,634
- Staff costs -€7,820
down €7,820 (-95.6%), from €8,182 to €362
- Depreciation +€4,771
up €4,771 (+12.9%), from €37,034 to €41,805
- Financial income +€2,698
up €2,698 (+71.3%), from €3,784 to €6,482
- Financial charges -€2,544
down €2,544 (-14.2%), from €17,932 to €15,388
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 | €234,476 | €195,611 | -€38,865 | -16.6% |
| Formation expenses | 20 | €940 | €460 | -€480 | -51.1% |
| Fixed assets | 21/28 | €98,155 | €89,864 | -€8,291 | -8.4% |
| Intangible fixed assets | 21 | €77,410 | €80,286 | +€2,876 | +3.7% |
| Tangible fixed assets | 22/27 | €20,746 | €9,579 | -€11,167 | -53.8% |
| Furniture and vehicles | 24 | €20,746 | €9,579 | -€11,167 | -53.8% |
| Current assets | 29/58 | €135,381 | €105,287 | -€30,094 | -22.2% |
| Stocks and contracts in progress | 3 | €40,000 | €40,000 | = | 0.0% |
| Contracts in progress | 37 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,369 | €64,650 | -€2,719 | -4.0% |
| Trade receivables | 40 | €61,827 | €58,594 | -€3,234 | -5.2% |
| Other amounts receivable | 41 | €5,542 | €6,057 | +€515 | +9.3% |
| Cash at bank and in hand | 54/58 | €7,688 | €637 | -€7,051 | -91.7% |
| Deferred charges and accrued income | 490/1 | €20,323 | - | -€20,323 | |
| Total equity and liabilities | 10/49 | €234,476 | €195,611 | -€38,865 | -16.6% |
| Equity | 10/15 | €32,307 | -€18,631 | -€50,937 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,807 | -€23,131 | -€50,937 | |
| Amounts payable | 17/49 | €202,170 | €214,242 | +€12,072 | +6.0% |
| Amounts payable after more than one year | 17 | €21,917 | €80,541 | +€58,623 | +267% |
| Financial debts | 170/4 | €21,917 | €80,541 | +€58,623 | +267% |
| Amounts payable within one year | 42/48 | €180,252 | €133,701 | -€46,551 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €149,464 | €30,376 | -€119,088 | -79.7% |
| Financial debts | 43 | - | €49,547 | +€49,547 | |
| Credit institutions | 430/8 | - | €49,547 | +€49,547 | |
| Trade debts | 44 | €9,525 | €34,080 | +€24,555 | +258% |
| Suppliers | 440/4 | €9,525 | €34,080 | +€24,555 | +258% |
| Taxes, remuneration and social security | 45 | €19,889 | €18,325 | -€1,564 | -7.9% |
| Taxes | 450/3 | €16,996 | €18,325 | +€1,329 | +7.8% |
| Remuneration and social security | 454/9 | €2,893 | - | -€2,893 | |
| Other amounts payable | 47/48 | €1,374 | €1,374 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €8,182 | €362 | -€7,820 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,034 | €41,805 | +€4,771 | +12.9% |
| Other operating charges | 640/8 | €1,587 | €1,460 | -€126 | -8.0% |
| Gross operating margin | 9900 | €67,761 | €1,634 | -€66,127 | -97.6% |
| Operating profit (loss) | 9901 | €20,958 | -€41,993 | -€62,951 | |
| Financial income | 75/76B | €3,784 | €6,482 | +€2,698 | +71.3% |
| Recurring financial income | 75 | €3,784 | €6,482 | +€2,698 | +71.3% |
| Financial charges | 65/66B | €17,932 | €15,388 | -€2,544 | -14.2% |
| Recurring financial charges | 65 | €17,932 | €15,388 | -€2,544 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €6,810 | -€50,900 | -€57,710 | |
| Income taxes | 67/77 | €1,772 | €38 | -€1,734 | -97.9% |
| Profit (loss) for the period | 9904 | €5,038 | -€50,937 | -€55,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,038 | -€50,937 | -€55,975 |
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 1 November 2026 via checked.be.