HDFEB: 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.
HDFEB
Largest movements
- Tangible fixed assets +€145,633
up €145,633 (+92.9%), from €156,771 to €302,404
- Receivables within one year +€37,663
up €37,663 (+184.2%), from €20,451 to €58,114
of which Other amounts receivable: +€37,663
- Cash -€35,316
down €35,316 (-81.5%), from €43,345 to €8,029
mainly Investment in fixed assets (net) (-€175,600) and Receivables within one year (-€37,663)
- Other debts +€160,000
up €160,000 (+76.0%), from €210,504 to €370,504
- Trade debts -€7,557
down €7,557 (-90.2%), from €8,374 to €817
- Profit (loss) carried forward -€4,463
down €4,463 (-340.3%), from -€1,311 to -€5,774
- Depreciation +€18,769
up €18,769 (+167.6%), from €11,198 to €29,967
- Gross operating margin +€14,734
up €14,734 (+132.4%), from €11,129 to €25,863
- Financial charges -€883
down €883 (-71.1%), from €1,242 to €359
of which Non-recurring financial charges: -€500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,567 | €368,548 | +€147,980 | +67.1% |
| Fixed assets | 21/28 | €156,771 | €302,404 | +€145,633 | +92.9% |
| Tangible fixed assets | 22/27 | €156,771 | €302,404 | +€145,633 | +92.9% |
| Furniture and vehicles | 24 | €156,771 | €302,404 | +€145,633 | +92.9% |
| Current assets | 29/58 | €63,796 | €66,144 | +€2,347 | +3.7% |
| Amounts receivable within one year | 40/41 | €20,451 | €58,114 | +€37,663 | +184.2% |
| Trade receivables | 40 | €20,100 | €20,100 | = | 0.0% |
| Other amounts receivable | 41 | €351 | €38,014 | +€37,663 | +10729.6% |
| Cash at bank and in hand | 54/58 | €43,345 | €8,029 | -€35,316 | -81.5% |
| Total equity and liabilities | 10/49 | €220,567 | €368,548 | +€147,980 | +67.1% |
| Equity | 10/15 | €1,689 | -€2,774 | -€4,463 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,311 | -€5,774 | -€4,463 | -340.3% |
| Amounts payable | 17/49 | €218,878 | €371,322 | +€152,443 | +69.6% |
| Amounts payable within one year | 42/48 | €218,878 | €371,322 | +€152,443 | +69.6% |
| Trade debts | 44 | €8,374 | €817 | -€7,557 | -90.2% |
| Suppliers | 440/4 | €8,374 | €817 | -€7,557 | -90.2% |
| Other amounts payable | 47/48 | €210,504 | €370,504 | +€160,000 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,198 | €29,967 | +€18,769 | +167.6% |
| Gross operating margin | 9900 | €11,129 | €25,863 | +€14,734 | +132.4% |
| Operating profit (loss) | 9901 | -€69 | -€4,104 | -€4,035 | -5848.9% |
| Financial charges | 65/66B | €1,242 | €359 | -€883 | -71.1% |
| Recurring financial charges | 65 | €742 | €359 | -€383 | -51.6% |
| Non-recurring financial charges | 66B | €500 | - | -€500 | |
| Profit (loss) for the period before taxes | 9903 | -€1,311 | -€4,463 | -€3,151 | -240.3% |
| Profit (loss) for the period | 9904 | -€1,311 | -€4,463 | -€3,151 | -240.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,311 | -€4,463 | -€3,151 | -240.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.