HDB 86: 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 86
Largest movements
- Cash -€32,075
down €32,075 (-23.5%), from €136,477 to €104,402
mainly Accrued charges and deferred income (-€40,124) and Debts after one year (-€12,901)
- Receivables within one year -€15,682
down €15,682 (-40.6%), from €38,591 to €22,909
of which Trade receivables: -€13,073
- Accrued charges and deferred income -€40,124
down €40,124 (-99.9%), from €40,167 to €43
- Reserves +€16,608
up €16,608 (+8.3%), from €199,901 to €216,509
of which Distributable reserves: +€16,608
- Debts after one year -€12,901
no longer reported in 2023 (was €12,901)
- Trade debts -€11,941
down €11,941 (-8.1%), from €147,464 to €135,523
- Current portion of long-term debt -€4,521
no longer reported in 2023 (was €4,521)
- Provisions -€1.3m
no longer reported in 2023 (was €1.3m)
- Gross operating margin -€104,171
down €104,171, from €55,504 to -€48,667
- Financial income +€90,108
up €90,108 (+160049.0%), from €56 to €90,164
of which Non-recurring financial income: +€90,000
- Financial charges -€14,942
down €14,942 (-77.8%), from €19,200 to €4,258
- Write-downs +€8,772
up €8,772 (+445.5%), from €1,969 to €10,742
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,577 | €377,097 | -€54,479 | -12.6% |
| Fixed assets | 21/28 | €251,380 | €248,751 | -€2,630 | -1.0% |
| Tangible fixed assets | 22/27 | €21,380 | €18,751 | -€2,630 | -12.3% |
| Furniture and vehicles | 24 | - | €18,751 | +€18,751 | |
| Leasing and similar rights | 25 | €21,380 | - | -€21,380 | |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €180,196 | €128,347 | -€51,850 | -28.8% |
| Amounts receivable within one year | 40/41 | €38,591 | €22,909 | -€15,682 | -40.6% |
| Trade receivables | 40 | €13,073 | - | -€13,073 | |
| Other amounts receivable | 41 | €25,518 | €22,909 | -€2,609 | -10.2% |
| Cash at bank and in hand | 54/58 | €136,477 | €104,402 | -€32,075 | -23.5% |
| Deferred charges and accrued income | 490/1 | €5,128 | €1,036 | -€4,092 | -79.8% |
| Total equity and liabilities | 10/49 | €431,577 | €377,097 | -€54,479 | -12.6% |
| Equity | 10/15 | €224,923 | €241,531 | +€16,608 | +7.4% |
| Contributions | 10/11 | €25,022 | €25,022 | = | 0.0% |
| Reserves | 13 | €199,901 | €216,509 | +€16,608 | +8.3% |
| Non-distributable reserves | 130/1 | €2,502 | €2,502 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,502 | €2,502 | = | 0.0% |
| Distributable reserves | 133 | €197,399 | €214,007 | +€16,608 | +8.4% |
| Amounts payable | 17/49 | €206,654 | €135,566 | -€71,088 | -34.4% |
| Amounts payable after more than one year | 17 | €12,901 | - | -€12,901 | |
| Financial debts | 170/4 | €12,901 | - | -€12,901 | |
| Amounts payable within one year | 42/48 | €153,585 | €135,523 | -€18,063 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €4,521 | - | -€4,521 | |
| Trade debts | 44 | €147,464 | €135,523 | -€11,941 | -8.1% |
| Suppliers | 440/4 | €147,464 | €135,523 | -€11,941 | -8.1% |
| Taxes, remuneration and social security | 45 | €1,600 | - | -€1,600 | |
| Taxes | 450/3 | €1,600 | - | -€1,600 | |
| Accrued charges and deferred income | 492/3 | €40,167 | €43 | -€40,124 | -99.9% |
| Non-recurring operating income | 76A | €279,485 | €16,292 | -€263,193 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,590 | €5,169 | -€421 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,969 | €10,742 | +€8,772 | +445.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,343,518 | - | -€1.3m | |
| Other operating charges | 640/8 | €4,002 | €4,718 | +€716 | +17.9% |
| Non-recurring operating charges | 66A | €23,841 | - | -€23,841 | |
| Gross operating margin | 9900 | €55,504 | -€48,667 | -€104,171 | |
| Operating profit (loss) | 9901 | -€1,323,417 | -€69,295 | +€1.3m | +94.8% |
| Financial income | 75/76B | €56 | €90,164 | +€90,108 | +160049.0% |
| Recurring financial income | 75 | €56 | €164 | +€108 | +191.1% |
| Non-recurring financial income | 76B | - | €90,000 | +€90,000 | |
| Financial charges | 65/66B | €19,200 | €4,258 | -€14,942 | -77.8% |
| Recurring financial charges | 65 | €19,200 | €4,258 | -€14,942 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,342,560 | €16,611 | +€1.4m | |
| Transfer from deferred taxes | 780 | €257,323 | - | -€257,323 | |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€1,085,238 | €16,608 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €771,966 | - | -€771,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€313,272 | €16,608 | +€329,880 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.