HDB: 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.
HDB
Largest movements
- Financial fixed assets +€75,703
up €75,703 (+122.7%), from €61,700 to €137,403
- Cash +€18,304
up €18,304 (+220.2%), from €8,312 to €26,616
mainly Other debts (+€61,027) and Net result for the year (+€35,103)
- Receivables within one year -€3,272
down €3,272 (-10.4%), from €31,434 to €28,162
of which Trade receivables: -€4,057
- Other debts +€61,027
up €61,027 (+610.3%), from €10,000 to €71,027
- Reserves +€35,103
up €35,103 (+92.5%), from €37,960 to €73,063
- Debts after one year -€7,848
down €7,848 (-39.2%), from €20,000 to €12,152
- Current portion of long-term debt +€3,895
new in 2025: €3,895
- Purchases and services -€4,728
down €4,728 (-5.7%), from €83,074 to €78,346
- Gross operating margin -€3,955
down €3,955 (-6.7%), from €58,988 to €55,034
- Taxes -€1,034
down €1,034 (-5.6%), from €18,437 to €17,403
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 | €103,340 | €195,426 | +€92,086 | +89.1% |
| Fixed assets | 21/28 | €62,593 | €139,590 | +€76,997 | +123.0% |
| Tangible fixed assets | 22/27 | €893 | €2,187 | +€1,294 | +145.0% |
| Plant, machinery and equipment | 23 | - | €1,693 | +€1,693 | |
| Furniture and vehicles | 24 | €893 | €494 | -€399 | -44.7% |
| Financial fixed assets | 28 | €61,700 | €137,403 | +€75,703 | +122.7% |
| Current assets | 29/58 | €40,747 | €55,836 | +€15,089 | +37.0% |
| Amounts receivable within one year | 40/41 | €31,434 | €28,162 | -€3,272 | -10.4% |
| Trade receivables | 40 | €25,740 | €21,683 | -€4,057 | -15.8% |
| Other amounts receivable | 41 | €5,694 | €6,479 | +€785 | +13.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,312 | €26,616 | +€18,304 | +220.2% |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,058 | +€56 | +5.6% |
| Total equity and liabilities | 10/49 | €103,340 | €195,426 | +€92,086 | +89.1% |
| Equity | 10/15 | €42,960 | €78,063 | +€35,103 | +81.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €37,960 | €73,063 | +€35,103 | +92.5% |
| Distributable reserves | 133 | €37,960 | €73,063 | +€35,103 | +92.5% |
| Amounts payable | 17/49 | €60,380 | €117,363 | +€56,983 | +94.4% |
| Amounts payable after more than one year | 17 | €20,000 | €12,152 | -€7,848 | -39.2% |
| Financial debts | 170/4 | €20,000 | €12,152 | -€7,848 | -39.2% |
| Amounts payable within one year | 42/48 | €40,380 | €105,211 | +€64,831 | +160.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,895 | +€3,895 | |
| Trade debts | 44 | €5,153 | €4,299 | -€854 | -16.6% |
| Suppliers | 440/4 | €5,153 | €4,299 | -€854 | -16.6% |
| Taxes, remuneration and social security | 45 | €25,227 | €25,990 | +€763 | +3.0% |
| Taxes | 450/3 | €23,067 | €23,935 | +€868 | +3.8% |
| Remuneration and social security | 454/9 | €2,160 | €2,055 | -€105 | -4.9% |
| Other amounts payable | 47/48 | €10,000 | €71,027 | +€61,027 | +610.3% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €83,074 | €78,346 | -€4,728 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €640 | +€336 | +110.2% |
| Other operating charges | 640/8 | €321 | €64 | -€257 | -80.1% |
| Gross operating margin | 9900 | €58,988 | €55,034 | -€3,955 | -6.7% |
| Operating profit (loss) | 9901 | €58,363 | €54,330 | -€4,033 | -6.9% |
| Financial income | 75/76B | €25 | €50 | +€25 | +101.5% |
| Recurring financial income | 75 | €25 | €50 | +€25 | +101.5% |
| Financial charges | 65/66B | €1,991 | €1,874 | -€117 | -5.9% |
| Recurring financial charges | 65 | €1,991 | €1,874 | -€117 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €56,397 | €52,506 | -€3,891 | -6.9% |
| Income taxes | 67/77 | €18,437 | €17,403 | -€1,034 | -5.6% |
| Profit (loss) for the period | 9904 | €37,960 | €35,103 | -€2,858 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,960 | €35,103 | -€2,858 | -7.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.