HDA: 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.
HDA
Largest movements
- Receivables within one year +€31,786
up €31,786 (+308.2%), from €10,313 to €42,100
of which Other amounts receivable: +€42,100
- Cash -€18,642
down €18,642 (-26.3%), from €70,764 to €52,122
mainly Receivables within one year (-€31,786) and Debts after one year (-€16,250)
- Tangible fixed assets -€7,151
down €7,151 (-30.8%), from €23,195 to €16,043
of which Furniture and vehicles: -€4,000
- Intangible fixed assets -€4,500
down €4,500 (-12.5%), from €36,000 to €31,500
- Debts after one year -€16,250
down €16,250 (-26.1%), from €62,316 to €46,066
- Trade debts +€9,919
up €9,919 (+694.3%), from €1,429 to €11,348
of which Suppliers: +€11,348
- Tax, wage and social debts -€6,091
down €6,091 (-73.6%), from €8,276 to €2,184
of which Remuneration and social security: -€6,276
- Other debts +€5,595
up €5,595 (+8.8%), from €63,812 to €69,407
- Profit (loss) carried forward +€4,936
up €4,936 (+57.7%), from -€8,552 to -€3,616
- Gross operating margin +€24,277
up €24,277 (+44.9%), from €54,078 to €78,354
- Staff costs +€6,610
up €6,610 (+15.6%), from €42,437 to €49,047
- Other operating charges -€5,938
down €5,938 (-78.7%), from €7,542 to €1,604
- Depreciation +€3,012
up €3,012 (+17.0%), from €17,676 to €20,688
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 | €163,962 | €164,980 | +€1,018 | +0.6% |
| Fixed assets | 21/28 | €61,435 | €49,783 | -€11,651 | -19.0% |
| Intangible fixed assets | 21 | €36,000 | €31,500 | -€4,500 | -12.5% |
| Tangible fixed assets | 22/27 | €23,195 | €16,043 | -€7,151 | -30.8% |
| Plant, machinery and equipment | 23 | €11,195 | €8,043 | -€3,151 | -28.2% |
| Furniture and vehicles | 24 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Financial fixed assets | 28 | €2,240 | €2,240 | = | 0.0% |
| Current assets | 29/58 | €102,527 | €115,197 | +€12,670 | +12.4% |
| Stocks and contracts in progress | 3 | €1,450 | €975 | -€475 | -32.8% |
| Stocks | 30/36 | €1,450 | €975 | -€475 | -32.8% |
| Amounts receivable within one year | 40/41 | €10,313 | €42,100 | +€31,786 | +308.2% |
| Trade receivables | 40 | €10,313 | - | -€10,313 | |
| Other amounts receivable | 41 | - | €42,100 | +€42,100 | |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,764 | €52,122 | -€18,642 | -26.3% |
| Total equity and liabilities | 10/49 | €163,962 | €164,980 | +€1,018 | +0.6% |
| Equity | 10/15 | €11,448 | €16,384 | +€4,936 | +43.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,552 | -€3,616 | +€4,936 | +57.7% |
| Amounts payable | 17/49 | €152,514 | €148,596 | -€3,918 | -2.6% |
| Amounts payable after more than one year | 17 | €62,316 | €46,066 | -€16,250 | -26.1% |
| Financial debts | 170/4 | €62,316 | €46,066 | -€16,250 | -26.1% |
| Amounts payable within one year | 42/48 | €90,198 | €102,530 | +€12,332 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €16,681 | €19,590 | +€2,909 | +17.4% |
| Trade debts | 44 | €1,429 | €11,348 | +€9,919 | +694.3% |
| Suppliers | 440/4 | - | €11,348 | +€11,348 | |
| Bills of exchange payable | 441 | €1,429 | - | -€1,429 | |
| Taxes, remuneration and social security | 45 | €8,276 | €2,184 | -€6,091 | -73.6% |
| Taxes | 450/3 | €2,000 | €2,184 | +€184 | +9.2% |
| Remuneration and social security | 454/9 | €6,276 | - | -€6,276 | |
| Other amounts payable | 47/48 | €63,812 | €69,407 | +€5,595 | +8.8% |
| Remuneration, social security and pensions | 62 | €42,437 | €49,047 | +€6,610 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,676 | €20,688 | +€3,012 | +17.0% |
| Other operating charges | 640/8 | €7,542 | €1,604 | -€5,938 | -78.7% |
| Gross operating margin | 9900 | €54,078 | €78,354 | +€24,277 | +44.9% |
| Operating profit (loss) | 9901 | -€13,577 | €7,015 | +€20,592 | |
| Financial charges | 65/66B | €2,467 | €2,079 | -€388 | -15.7% |
| Recurring financial charges | 65 | €2,467 | €2,079 | -€388 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,044 | €4,936 | +€20,981 | |
| Profit (loss) for the period | 9904 | -€16,044 | €4,936 | +€20,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,044 | €4,936 | +€20,981 |
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 29 September 2026 via checked.be.