HDK Afsluitingen: 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.
HDK Afsluitingen
Largest movements
- Cash +€8,228
up €8,228 (+39.3%), from €20,923 to €29,151
mainly Depreciation (+€7,567) and Net result for the year (+€7,546)
- Tangible fixed assets -€7,567
down €7,567 (-32.8%), from €23,098 to €15,531
- Receivables within one year +€5,347
up €5,347 (+1,053%), from €508 to €5,855
of which Trade receivables: +€5,522
- Reserves +€7,546
up €7,546 (+674%), from €1,119 to €8,666
- Debts after one year -€3,841
down €3,841 (-69.9%), from €5,499 to €1,658
- Tax, wage and social debts +€2,251
up €2,251 (+603%), from €373 to €2,624
- Gross operating margin +€6,135
up €6,135 (+49.8%), from €12,314 to €18,449
- Depreciation -€2,374
down €2,374 (-23.9%), from €9,940 to €7,567
- Taxes +€1,832
up €1,832 (+491%), from €373 to €2,206
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.
Derived cash bridge
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 | €45,440 | €51,281 | +€5,841 | +12.9% |
| Fixed assets | 21/28 | €23,098 | €15,531 | -€7,567 | -32.8% |
| Tangible fixed assets | 22/27 | €23,098 | €15,531 | -€7,567 | -32.8% |
| Furniture and vehicles | 24 | €23,098 | €15,531 | -€7,567 | -32.8% |
| Current assets | 29/58 | €22,342 | €35,750 | +€13,408 | +60.0% |
| Amounts receivable within one year | 40/41 | €508 | €5,855 | +€5,347 | +1,053% |
| Trade receivables | 40 | - | €5,522 | +€5,522 | |
| Other amounts receivable | 41 | €508 | €333 | -€175 | -34.4% |
| Cash at bank and in hand | 54/58 | €20,923 | €29,151 | +€8,228 | +39.3% |
| Deferred charges and accrued income | 490/1 | €911 | €744 | -€167 | -18.4% |
| Total equity and liabilities | 10/49 | €45,440 | €51,281 | +€5,841 | +12.9% |
| Equity | 10/15 | €2,119 | €9,666 | +€7,546 | +356% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,119 | €8,666 | +€7,546 | +674% |
| Distributable reserves | 133 | €1,119 | €8,666 | +€7,546 | +674% |
| Amounts payable | 17/49 | €43,321 | €41,615 | -€1,705 | -3.9% |
| Amounts payable after more than one year | 17 | €5,499 | €1,658 | -€3,841 | -69.9% |
| Financial debts | 170/4 | €5,499 | €1,658 | -€3,841 | -69.9% |
| Amounts payable within one year | 42/48 | €37,822 | €39,957 | +€2,136 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €3,654 | €3,841 | +€187 | +5.1% |
| Trade debts | 44 | €388 | €0 | -€388 | -100% |
| Suppliers | 440/4 | €388 | €0 | -€388 | -100% |
| Taxes, remuneration and social security | 45 | €373 | €2,624 | +€2,251 | +603% |
| Taxes | 450/3 | €373 | €2,624 | +€2,251 | +603% |
| Other amounts payable | 47/48 | €33,406 | €33,492 | +€86 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,940 | €7,567 | -€2,374 | -23.9% |
| Other operating charges | 640/8 | €551 | €470 | -€82 | -14.8% |
| Gross operating margin | 9900 | €12,314 | €18,449 | +€6,135 | +49.8% |
| Operating profit (loss) | 9901 | €1,823 | €10,413 | +€8,590 | +471% |
| Financial charges | 65/66B | €579 | €661 | +€82 | +14.1% |
| Recurring financial charges | 65 | €579 | €661 | +€82 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €1,244 | €9,752 | +€8,508 | +684% |
| Income taxes | 67/77 | €373 | €2,206 | +€1,832 | +491% |
| Profit (loss) for the period | 9904 | €871 | €7,546 | +€6,676 | +767% |
| Profit (loss) for the period to be appropriated | 9905 | €871 | €7,546 | +€6,676 | +767% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.