HDM Trans: 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.
HDM Trans
Largest movements
- Receivables within one year -€30,861
down €30,861 (-68.3%), from €45,176 to €14,315
of which Trade receivables: -€31,864
- Tangible fixed assets -€23,084
down €23,084 (-31.6%), from €73,121 to €50,036
of which Furniture and vehicles: -€22,684
- Cash -€13,545
down €13,545 (-24.9%), from €54,506 to €40,961
mainly Other debts (-€76,072) and Investment in fixed assets (net) (-€9,577)
- Other debts -€76,072
down €76,072 (-64.4%), from €118,172 to €42,100
- Tax, wage and social debts +€10,516
up €10,516 (+29.8%), from €35,331 to €45,847
of which Remuneration and social security: +€9,630
- Contributions +€10,000
new in 2025: €10,000
- Reserves -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts -€7,243
down €7,243 (-83.3%), from €8,691 to €1,448
- Turnover +€180,268
up €180,268 (+55.4%), from €325,534 to €505,802
- Staff costs +€100,587
up €100,587 (+128.2%), from €78,486 to €179,073
- Gross operating margin +€97,518
up €97,518 (+62.0%), from €157,185 to €254,703
- Purchases and services +€86,699
up €86,699 (+51.5%), from €168,349 to €255,048
- Other operating charges +€13,191
up €13,191 (+73.6%), from €17,920 to €31,111
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 | €192,438 | €124,947 | -€67,491 | -35.1% |
| Fixed assets | 21/28 | €92,756 | €69,671 | -€23,084 | -24.9% |
| Tangible fixed assets | 22/27 | €73,121 | €50,036 | -€23,084 | -31.6% |
| Plant, machinery and equipment | 23 | €660 | €260 | -€400 | -60.6% |
| Furniture and vehicles | 24 | €72,461 | €49,776 | -€22,684 | -31.3% |
| Financial fixed assets | 28 | €19,635 | €19,635 | = | 0.0% |
| Current assets | 29/58 | €99,683 | €55,276 | -€44,406 | -44.5% |
| Amounts receivable within one year | 40/41 | €45,176 | €14,315 | -€30,861 | -68.3% |
| Trade receivables | 40 | €45,176 | €13,312 | -€31,864 | -70.5% |
| Other amounts receivable | 41 | - | €1,003 | +€1,003 | |
| Cash at bank and in hand | 54/58 | €54,506 | €40,961 | -€13,545 | -24.9% |
| Total equity and liabilities | 10/49 | €192,438 | €124,947 | -€67,491 | -35.1% |
| Equity | 10/15 | €11,245 | €16,553 | +€5,308 | +47.2% |
| Contributions | 10/11 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €10,000 | - | -€10,000 | |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €1,245 | €6,553 | +€5,308 | +426.5% |
| Amounts payable | 17/49 | €181,194 | €108,395 | -€72,799 | -40.2% |
| Amounts payable after more than one year | 17 | €19,000 | €19,000 | = | 0.0% |
| Other amounts payable | 178/9 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,194 | €89,395 | -€72,799 | -44.9% |
| Trade debts | 44 | €8,691 | €1,448 | -€7,243 | -83.3% |
| Suppliers | 440/4 | €8,691 | €1,448 | -€7,243 | -83.3% |
| Taxes, remuneration and social security | 45 | €35,331 | €45,847 | +€10,516 | +29.8% |
| Taxes | 450/3 | €21,317 | €22,203 | +€885 | +4.2% |
| Remuneration and social security | 454/9 | €14,014 | €23,644 | +€9,630 | +68.7% |
| Other amounts payable | 47/48 | €118,172 | €42,100 | -€76,072 | -64.4% |
| Turnover | 70 | €325,534 | €505,802 | +€180,268 | +55.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €168,349 | €255,048 | +€86,699 | +51.5% |
| Remuneration, social security and pensions | 62 | €78,486 | €179,073 | +€100,587 | +128.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,006 | €32,661 | +€2,655 | +8.8% |
| Other operating charges | 640/8 | €17,920 | €31,111 | +€13,191 | +73.6% |
| Non-recurring operating charges | 66A | - | €3,958 | +€3,958 | |
| Gross operating margin | 9900 | €157,185 | €254,703 | +€97,518 | +62.0% |
| Operating profit (loss) | 9901 | €30,773 | €7,900 | -€22,872 | -74.3% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €4,764 | €2,592 | -€2,172 | -45.6% |
| Recurring financial charges | 65 | €666 | €2,592 | +€1,926 | +289.0% |
| Non-recurring financial charges | 66B | €4,098 | - | -€4,098 | |
| Profit (loss) for the period before taxes | 9903 | €26,022 | €5,308 | -€20,713 | -79.6% |
| Income taxes | 67/77 | €3,613 | - | -€3,613 | |
| Profit (loss) for the period | 9904 | €22,409 | €5,308 | -€17,101 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,409 | €5,308 | -€17,101 | -76.3% |
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 10 October 2026 via checked.be.