HDH GROUP: 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.
HDH GROUP
Largest movements
- Stocks and contracts -€4,189
no longer reported in 2024 (was €4,189)
- Intangible fixed assets -€1,350
down €1,350 (-55.6%), from €2,430 to €1,080
- Receivables within one year -€1,244
down €1,244 (-7.2%), from €17,352 to €16,108
of which Trade receivables: -€17,352
- Cash +€1,016
up €1,016 (+17.1%), from €5,951 to €6,966
mainly Stocks and contracts (+€4,189) and Tax, wage and social debts (+€1,704)
- Profit (loss) carried forward -€5,713
down €5,713 (-65.7%), from €8,689 to €2,977
- Other debts -€1,860
no longer reported in 2024 (was €1,860)
- Tax, wage and social debts +€1,704
up €1,704 (+195%), from €874 to €2,578
- Gross operating margin -€4,452
down €4,452, from €3,288 to -€1,163
- Other operating charges +€3,049
up €3,049 (+330%), from €924 to €3,973
- Financial income +€948
new in 2024: €948
- Depreciation -€563
down €563 (-27.9%), from €2,015 to €1,452
- Financial charges -€51
down €51 (-41.7%), from €123 to €72
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.
Derived cash bridge
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 | €30,024 | €24,155 | -€5,869 | -19.5% |
| Fixed assets | 21/28 | €2,532 | €1,080 | -€1,452 | -57.3% |
| Intangible fixed assets | 21 | €2,430 | €1,080 | -€1,350 | -55.6% |
| Tangible fixed assets | 22/27 | €102 | - | -€102 | |
| Plant, machinery and equipment | 23 | €102 | - | -€102 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €27,492 | €23,075 | -€4,417 | -16.1% |
| Stocks and contracts in progress | 3 | €4,189 | - | -€4,189 | |
| Stocks | 30/36 | €4,189 | - | -€4,189 | |
| Amounts receivable within one year | 40/41 | €17,352 | €16,108 | -€1,244 | -7.2% |
| Trade receivables | 40 | €17,352 | - | -€17,352 | |
| Other amounts receivable | 41 | - | €16,108 | +€16,108 | |
| Cash at bank and in hand | 54/58 | €5,951 | €6,966 | +€1,016 | +17.1% |
| Total equity and liabilities | 10/49 | €30,024 | €24,155 | -€5,869 | -19.5% |
| Equity | 10/15 | €27,289 | €21,577 | -€5,713 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,689 | €2,977 | -€5,713 | -65.7% |
| Amounts payable | 17/49 | €2,734 | €2,578 | -€156 | -5.7% |
| Amounts payable within one year | 42/48 | €2,734 | €2,578 | -€156 | -5.7% |
| Taxes, remuneration and social security | 45 | €874 | €2,578 | +€1,704 | +195% |
| Taxes | 450/3 | €874 | €2,578 | +€1,704 | +195% |
| Other amounts payable | 47/48 | €1,860 | - | -€1,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,015 | €1,452 | -€563 | -27.9% |
| Other operating charges | 640/8 | €924 | €3,973 | +€3,049 | +330% |
| Gross operating margin | 9900 | €3,288 | -€1,163 | -€4,452 | |
| Operating profit (loss) | 9901 | €349 | -€6,589 | -€6,938 | |
| Financial income | 75/76B | - | €948 | +€948 | |
| Recurring financial income | 75 | - | €948 | +€948 | |
| Financial charges | 65/66B | €123 | €72 | -€51 | -41.7% |
| Recurring financial charges | 65 | €123 | €72 | -€51 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €226 | -€5,713 | -€5,939 | |
| Profit (loss) for the period | 9904 | €226 | -€5,713 | -€5,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €226 | -€5,713 | -€5,939 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.