HDC PROD: 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.
HDC PROD
Largest movements
- Tangible fixed assets -€2,552
down €2,552 (-19.1%), from €13,350 to €10,798
- Receivables within one year -€1,468
down €1,468 (-13.9%), from €10,541 to €9,073
- Cash +€409
up €409 (+1319.4%), from €31 to €440
mainly Depreciation (+€4,840) and Receivables within one year (+€1,468)
- Debts within one year -€2,310
down €2,310 (-25.1%), from €9,209 to €6,899
- Equity -€1,335
down €1,335 (-9.6%), from €13,845 to €12,510
of which Profit (loss) carried forward: -€1,335
- Gross operating margin +€2,715
up €2,715 (+226.6%), from €1,198 to €3,913
- Depreciation +€1,044
up €1,044 (+27.5%), from €3,796 to €4,840
- Taxes -€409
no longer reported in 2021 (was €409)
- Financial charges +€408
new in 2021: €408
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,922 | €20,311 | -€3,611 | -15.1% |
| Fixed assets | 21/28 | €13,350 | €10,798 | -€2,552 | -19.1% |
| Tangible fixed assets | 22/27 | €13,350 | €10,798 | -€2,552 | -19.1% |
| Furniture and vehicles | 24 | - | €10,798 | +€10,798 | |
| Current assets | 29/58 | €10,572 | €9,513 | -€1,059 | -10.0% |
| Amounts receivable within one year | 40/41 | €10,541 | €9,073 | -€1,468 | -13.9% |
| Trade receivables | 40 | - | €1,860 | +€1,860 | |
| Other amounts receivable | 41 | - | €7,213 | +€7,213 | |
| Cash at bank and in hand | 54/58 | €31 | €440 | +€409 | +1319.4% |
| Total equity and liabilities | 10/49 | €23,922 | €20,311 | -€3,611 | -15.1% |
| Equity | 10/15 | €13,845 | €12,510 | -€1,335 | -9.6% |
| Contributions | 10/11 | - | €4,690 | +€4,690 | |
| Profit (loss) carried forward | 14 | €9,155 | €7,820 | -€1,335 | -14.6% |
| Amounts payable | 17/49 | €10,077 | €7,801 | -€2,276 | -22.6% |
| Amounts payable after more than one year | 17 | €868 | €902 | +€34 | +3.9% |
| Financial debts | 170/4 | - | €902 | +€902 | |
| Amounts payable within one year | 42/48 | €9,209 | €6,899 | -€2,310 | -25.1% |
| Trade debts | 44 | €4,109 | €4,007 | -€102 | -2.5% |
| Suppliers | 440/4 | - | €4,007 | +€4,007 | |
| Taxes, remuneration and social security | 45 | - | €2,892 | +€2,892 | |
| Taxes | 450/3 | - | €2,892 | +€2,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,796 | €4,840 | +€1,044 | +27.5% |
| Gross operating margin | 9900 | €1,198 | €3,913 | +€2,715 | +226.6% |
| Operating profit (loss) | 9901 | -€2,598 | -€927 | +€1,671 | +64.3% |
| Recurring financial income | 75 | €1,042 | - | -€1,042 | |
| Financial charges | 65/66B | - | €408 | +€408 | |
| Recurring financial charges | 65 | €92 | €408 | +€316 | +343.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,648 | -€1,335 | +€313 | +19.0% |
| Income taxes | 67/77 | €409 | - | -€409 | |
| Profit (loss) for the period | 9904 | -€2,057 | -€1,335 | +€722 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,057 | -€1,335 | +€722 | +35.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.