HDC Beheer: 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.
HDC Beheer
Largest movements
- Cash -€53,781
down €53,781 (-77.0%), from €69,818 to €16,037
mainly Tax, wage and social debts (-€103,520) and Advances received (-€19,663)
- Receivables within one year -€21,578
down €21,578 (-10.5%), from €204,815 to €183,237
of which Trade receivables: -€24,750
- Tangible fixed assets -€3,705
down €3,705 (-85.2%), from €4,349 to €645
of which Furniture and vehicles: -€2,971
- Tax, wage and social debts -€103,520
down €103,520 (-99.9%), from €103,650 to €130
- Other debts +€58,013
up €58,013 (+35.8%), from €162,218 to €220,230
- Advances received -€19,663
down €19,663 (-100.0%), from €19,663 to €0
- Profit (loss) carried forward -€14,111
down €14,111 (-11.8%), from -€120,085 to -€134,197
- Purchases and services -€139,644
down €139,644 (-92.6%), from €150,873 to €11,229
- Gross operating margin -€101,417
down €101,417, from €92,990 to -€8,427
- Turnover -€70,335
down €70,335 (-100.0%), from €70,335 to €0
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 | €279,722 | €199,919 | -€79,803 | -28.5% |
| Fixed assets | 21/28 | €4,349 | €645 | -€3,705 | -85.2% |
| Tangible fixed assets | 22/27 | €4,349 | €645 | -€3,705 | -85.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,281 | €547 | -€734 | -57.3% |
| Furniture and vehicles | 24 | €3,069 | €98 | -€2,971 | -96.8% |
| Current assets | 29/58 | €275,372 | €199,274 | -€76,098 | -27.6% |
| Amounts receivable within one year | 40/41 | €204,815 | €183,237 | -€21,578 | -10.5% |
| Trade receivables | 40 | €24,750 | €0 | -€24,750 | -100.0% |
| Other amounts receivable | 41 | €180,065 | €183,237 | +€3,172 | +1.8% |
| Cash at bank and in hand | 54/58 | €69,818 | €16,037 | -€53,781 | -77.0% |
| Deferred charges and accrued income | 490/1 | €739 | €0 | -€739 | -100.0% |
| Total equity and liabilities | 10/49 | €279,722 | €199,919 | -€79,803 | -28.5% |
| Equity | 10/15 | -€52,277 | -€66,389 | -€14,111 | -27.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,808 | €5,808 | = | 0.0% |
| Distributable reserves | 133 | €5,808 | €5,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,085 | -€134,197 | -€14,111 | -11.8% |
| Provisions and deferred taxes | 16 | €42,000 | €42,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €42,000 | €42,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €42,000 | €42,000 | = | 0.0% |
| Amounts payable | 17/49 | €289,999 | €224,308 | -€65,691 | -22.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €289,999 | €224,308 | -€65,691 | -22.7% |
| Trade debts | 44 | €4,469 | €3,948 | -€521 | -11.7% |
| Suppliers | 440/4 | €4,469 | €3,948 | -€521 | -11.7% |
| Advances received on contracts in progress | 46 | €19,663 | €0 | -€19,663 | -100.0% |
| Taxes, remuneration and social security | 45 | €103,650 | €130 | -€103,520 | -99.9% |
| Taxes | 450/3 | €103,650 | €130 | -€103,520 | -99.9% |
| Other amounts payable | 47/48 | €162,218 | €220,230 | +€58,013 | +35.8% |
| Turnover | 70 | €70,335 | €0 | -€70,335 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €150,873 | €11,229 | -€139,644 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,720 | €3,705 | -€15 | -0.4% |
| Other operating charges | 640/8 | €1,478 | €788 | -€690 | -46.7% |
| Gross operating margin | 9900 | €92,990 | -€8,427 | -€101,417 | |
| Operating profit (loss) | 9901 | €87,792 | -€12,919 | -€100,712 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €172 | €1,062 | +€890 | +516.9% |
| Recurring financial charges | 65 | €172 | €1,062 | +€890 | +516.9% |
| Profit (loss) for the period before taxes | 9903 | €87,620 | -€13,982 | -€101,602 | |
| Income taxes | 67/77 | €260 | €130 | -€130 | -50.1% |
| Profit (loss) for the period | 9904 | €87,360 | -€14,111 | -€101,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,360 | -€14,111 | -€101,471 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.