HDL 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.
HDL Group
Largest movements
- Cash -€6,792
down €6,792 (-24.9%), from €27,321 to €20,529
mainly Net result for the year (-€11,717) and Investment in fixed assets (net) (-€3,103)
- Receivables within one year -€4,553
down €4,553 (-80.4%), from €5,661 to €1,108
of which Trade receivables: -€5,519
- Tangible fixed assets +€2,258
up €2,258 (+46.0%), from €4,911 to €7,170
- Profit (loss) carried forward -€11,717
down €11,717 (-634.7%), from -€1,846 to -€13,563
- Trade debts +€1,390
up €1,390 (+264.5%), from €526 to €1,916
- Other debts +€1,177
up €1,177 (+6.1%), from €19,277 to €20,454
- Gross operating margin -€13,535
down €13,535, from €2,893 to -€10,642
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 | €37,957 | €28,807 | -€9,150 | -24.1% |
| Fixed assets | 21/28 | €4,911 | €7,170 | +€2,258 | +46.0% |
| Tangible fixed assets | 22/27 | €4,911 | €7,170 | +€2,258 | +46.0% |
| Furniture and vehicles | 24 | €4,911 | €7,170 | +€2,258 | +46.0% |
| Current assets | 29/58 | €33,045 | €21,638 | -€11,408 | -34.5% |
| Amounts receivable within one year | 40/41 | €5,661 | €1,108 | -€4,553 | -80.4% |
| Trade receivables | 40 | €5,519 | - | -€5,519 | |
| Other amounts receivable | 41 | €142 | €1,108 | +€966 | +680.5% |
| Cash at bank and in hand | 54/58 | €27,321 | €20,529 | -€6,792 | -24.9% |
| Deferred charges and accrued income | 490/1 | €63 | - | -€63 | |
| Total equity and liabilities | 10/49 | €37,957 | €28,807 | -€9,150 | -24.1% |
| Equity | 10/15 | €18,154 | €6,437 | -€11,717 | -64.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,846 | -€13,563 | -€11,717 | -634.7% |
| Amounts payable | 17/49 | €19,803 | €22,370 | +€2,567 | +13.0% |
| Amounts payable within one year | 42/48 | €19,803 | €22,370 | +€2,567 | +13.0% |
| Trade debts | 44 | €526 | €1,916 | +€1,390 | +264.5% |
| Suppliers | 440/4 | €526 | €1,916 | +€1,390 | +264.5% |
| Other amounts payable | 47/48 | €19,277 | €20,454 | +€1,177 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €805 | €844 | +€39 | +4.9% |
| Other operating charges | 640/8 | €60 | €85 | +€25 | +41.7% |
| Gross operating margin | 9900 | €2,893 | -€10,642 | -€13,535 | |
| Operating profit (loss) | 9901 | €2,028 | -€11,571 | -€13,599 | |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €57 | €146 | +€88 | +154.8% |
| Recurring financial charges | 65 | €57 | €146 | +€88 | +154.8% |
| Profit (loss) for the period before taxes | 9903 | €2,004 | -€11,717 | -€13,721 | |
| Profit (loss) for the period | 9904 | €2,004 | -€11,717 | -€13,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,004 | -€11,717 | -€13,721 |
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 12 October 2026 via checked.be.