HDE-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.
HDE-Prod
Largest movements
- Tangible fixed assets -€6,470
down €6,470 (-12.0%), from €53,928 to €47,459
of which Furniture and vehicles: -€3,554
- Cash -€4,651
down €4,651 (-56.3%), from €8,266 to €3,615
mainly Trade debts (-€14,658) and Net result for the year (-€8,960)
- Trade debts -€14,658
down €14,658 (-78.3%), from €18,724 to €4,066
- Other debts +€11,955
up €11,955 (+18.3%), from €65,414 to €77,368
- Profit (loss) carried forward -€8,960
down €8,960 (-22.7%), from -€39,425 to -€48,385
- Turnover -€43,054
down €43,054 (-62.1%), from €69,322 to €26,268
- Purchases and services -€27,903
down €27,903 (-62.4%), from €44,733 to €16,830
- Gross operating margin -€15,151
down €15,151 (-61.6%), from €24,589 to €9,438
- Other operating charges -€4,496
down €4,496 (-84.0%), from €5,353 to €857
- Depreciation -€2,119
down €2,119 (-12.5%), from €16,980 to €14,861
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 | €66,528 | €54,863 | -€11,664 | -17.5% |
| Fixed assets | 21/28 | €53,928 | €47,459 | -€6,470 | -12.0% |
| Tangible fixed assets | 22/27 | €53,928 | €47,459 | -€6,470 | -12.0% |
| Land and buildings | 22 | €8,746 | €5,831 | -€2,915 | -33.3% |
| Furniture and vehicles | 24 | €45,183 | €41,628 | -€3,554 | -7.9% |
| Current assets | 29/58 | €12,599 | €7,405 | -€5,195 | -41.2% |
| Amounts receivable within one year | 40/41 | €4,333 | €3,789 | -€544 | -12.5% |
| Trade receivables | 40 | €872 | €91 | -€781 | -89.6% |
| Other amounts receivable | 41 | €3,461 | €3,699 | +€237 | +6.9% |
| Cash at bank and in hand | 54/58 | €8,266 | €3,615 | -€4,651 | -56.3% |
| Total equity and liabilities | 10/49 | €66,528 | €54,863 | -€11,664 | -17.5% |
| Equity | 10/15 | -€17,610 | -€26,570 | -€8,960 | -50.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,425 | -€48,385 | -€8,960 | -22.7% |
| Amounts payable | 17/49 | €84,138 | €81,434 | -€2,704 | -3.2% |
| Amounts payable within one year | 42/48 | €84,138 | €81,434 | -€2,704 | -3.2% |
| Trade debts | 44 | €18,724 | €4,066 | -€14,658 | -78.3% |
| Suppliers | 440/4 | €18,724 | €4,066 | -€14,658 | -78.3% |
| Other amounts payable | 47/48 | €65,414 | €77,368 | +€11,955 | +18.3% |
| Turnover | 70 | €69,322 | €26,268 | -€43,054 | -62.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,733 | €16,830 | -€27,903 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,980 | €14,861 | -€2,119 | -12.5% |
| Other operating charges | 640/8 | €5,353 | €857 | -€4,496 | -84.0% |
| Gross operating margin | 9900 | €24,589 | €9,438 | -€15,151 | -61.6% |
| Operating profit (loss) | 9901 | €2,256 | -€6,279 | -€8,536 | |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €2,034 | €2,346 | +€312 | +15.4% |
| Recurring financial charges | 65 | €2,034 | €2,346 | +€312 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €223 | -€8,610 | -€8,832 | |
| Income taxes | 67/77 | - | €351 | +€351 | |
| Profit (loss) for the period | 9904 | €223 | -€8,960 | -€9,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €223 | -€8,960 | -€9,183 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.