HDA CAPITAL: 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.
HDA CAPITAL
Largest movements
- Receivables after one year +€197,155
new in 2024: €197,155
- Financial fixed assets -€187,155
down €187,155 (-93.9%), from €199,255 to €12,100
- Stocks and contracts -€151,433
down €151,433 (-30.4%), from €498,441 to €347,008
- Receivables within one year -€23,267
down €23,267 (-44.0%), from €52,859 to €29,591
of which Trade receivables: -€51,824
- Debts after one year -€149,849
down €149,849 (-52.8%), from €284,033 to €134,183
- Current portion of long-term debt -€140,841
down €140,841 (-100.0%), from €140,897 to €56
- Accrued charges and deferred income +€66,821
up €66,821 (+90.5%), from €73,807 to €140,628
- Trade debts +€32,796
up €32,796 (+68.1%), from €48,158 to €80,954
of which Suppliers: +€32,509
- Reserves +€17,500
up €17,500 (+32.6%), from €53,689 to €71,189
- Financial charges +€15,687
up €15,687 (+115%), from €13,650 to €29,337
- Financial income +€4,494
up €4,494 (+46.1%), from €9,754 to €14,248
- Gross operating margin +€3,636
up €3,636 (+5.7%), from €63,924 to €67,560
- Other operating charges +€2,829
up €2,829 (+95.8%), from €2,953 to €5,782
- Taxes -€1,050
down €1,050 (-10.3%), from €10,237 to €9,187
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.
Derived cash bridge
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 | €757,888 | €586,768 | -€171,120 | -22.6% |
| Fixed assets | 21/28 | €199,255 | €12,100 | -€187,155 | -93.9% |
| Financial fixed assets | 28 | €199,255 | €12,100 | -€187,155 | -93.9% |
| Current assets | 29/58 | €558,633 | €574,668 | +€16,035 | +2.9% |
| Amounts receivable after more than one year | 29 | - | €197,155 | +€197,155 | |
| Other amounts receivable | 291 | - | €197,155 | +€197,155 | |
| Stocks and contracts in progress | 3 | €498,441 | €347,008 | -€151,433 | -30.4% |
| Stocks | 30/36 | €498,441 | €347,008 | -€151,433 | -30.4% |
| Amounts receivable within one year | 40/41 | €52,859 | €29,591 | -€23,267 | -44.0% |
| Trade receivables | 40 | €51,824 | - | -€51,824 | |
| Other amounts receivable | 41 | €1,035 | €29,591 | +€28,556 | +2,759% |
| Cash at bank and in hand | 54/58 | €7,334 | €914 | -€6,420 | -87.5% |
| Total equity and liabilities | 10/49 | €757,888 | €586,768 | -€171,120 | -22.6% |
| Equity | 10/15 | €131,250 | €148,751 | +€17,501 | +13.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €53,689 | €71,189 | +€17,500 | +32.6% |
| Distributable reserves | 133 | €53,689 | €71,189 | +€17,500 | +32.6% |
| Profit (loss) carried forward | 14 | €59,012 | €59,013 | +€1 | 0.0% |
| Amounts payable | 17/49 | €626,638 | €438,017 | -€188,621 | -30.1% |
| Amounts payable after more than one year | 17 | €284,033 | €134,183 | -€149,849 | -52.8% |
| Financial debts | 170/4 | €284,033 | €134,183 | -€149,849 | -52.8% |
| Amounts payable within one year | 42/48 | €268,799 | €163,206 | -€105,593 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €140,897 | €56 | -€140,841 | -100.0% |
| Financial debts | 43 | €40 | €3,424 | +€3,384 | +8,408% |
| Credit institutions | 430/8 | €40 | €3,424 | +€3,384 | +8,408% |
| Trade debts | 44 | €48,158 | €80,954 | +€32,796 | +68.1% |
| Suppliers | 440/4 | €48,158 | €80,666 | +€32,509 | +67.5% |
| Bills of exchange payable | 441 | - | €287 | +€287 | |
| Taxes, remuneration and social security | 45 | €23,931 | €22,122 | -€1,809 | -7.6% |
| Taxes | 450/3 | €23,931 | €22,122 | -€1,809 | -7.6% |
| Other amounts payable | 47/48 | €55,773 | €56,650 | +€877 | +1.6% |
| Accrued charges and deferred income | 492/3 | €73,807 | €140,628 | +€66,821 | +90.5% |
| Other operating charges | 640/8 | €2,953 | €5,782 | +€2,829 | +95.8% |
| Gross operating margin | 9900 | €63,924 | €67,560 | +€3,636 | +5.7% |
| Operating profit (loss) | 9901 | €60,971 | €61,778 | +€807 | +1.3% |
| Financial income | 75/76B | €9,754 | €14,248 | +€4,494 | +46.1% |
| Recurring financial income | 75 | €9,754 | €14,248 | +€4,494 | +46.1% |
| Financial charges | 65/66B | €13,650 | €29,337 | +€15,687 | +115% |
| Recurring financial charges | 65 | €13,650 | €29,337 | +€15,687 | +115% |
| Profit (loss) for the period before taxes | 9903 | €57,075 | €46,688 | -€10,386 | -18.2% |
| Income taxes | 67/77 | €10,237 | €9,187 | -€1,050 | -10.3% |
| Profit (loss) for the period | 9904 | €46,838 | €37,501 | -€9,337 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,838 | €37,501 | -€9,337 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.