HDM TRANSPORT: 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 TRANSPORT
Largest movements
- Cash -€174,378
down €174,378 (-66.7%), from €261,537 to €87,159
mainly Investment in fixed assets (net) (-€301,339) and Contributions, distributions and other (-€170,000)
- Profit (loss) carried forward -€159,406
down €159,406 (-57.7%), from €276,183 to €116,777
- Trade debts -€100,320
down €100,320 (-49.9%), from €201,091 to €100,772
- Tax, wage and social debts +€58,187
up €58,187 (+23.7%), from €246,024 to €304,210
of which Remuneration and social security: +€72,908
- Debts after one year +€34,530
up €34,530 (+4.1%), from €846,143 to €880,673
- Turnover -€2.4m
no longer reported in 2025 (was €2.4m)
- Purchases and services -€1.1m
no longer reported in 2025 (was €1.1m)
- Staff costs +€139,357
up €139,357 (+19.7%), from €706,733 to €846,091
- Gross operating margin +€136,802
up €136,802 (+10.0%), from €1.4m to €1.5m
- Depreciation +€92,718
up €92,718 (+44.6%), from €207,742 to €300,460
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 | €1,594,251 | €1,428,835 | -€165,416 | -10.4% |
| Fixed assets | 21/28 | €840,601 | €841,480 | +€879 | +0.1% |
| Tangible fixed assets | 22/27 | €831,576 | €832,455 | +€879 | +0.1% |
| Furniture and vehicles | 24 | €15,340 | €197,695 | +€182,355 | +1,189% |
| Leasing and similar rights | 25 | €816,236 | €634,759 | -€181,476 | -22.2% |
| Financial fixed assets | 28 | €9,025 | €9,025 | = | 0.0% |
| Current assets | 29/58 | €753,650 | €587,355 | -€166,295 | -22.1% |
| Amounts receivable within one year | 40/41 | €467,691 | €477,059 | +€9,368 | +2.0% |
| Trade receivables | 40 | €467,680 | €477,008 | +€9,328 | +2.0% |
| Other amounts receivable | 41 | €11 | €51 | +€40 | +357% |
| Cash at bank and in hand | 54/58 | €261,537 | €87,159 | -€174,378 | -66.7% |
| Deferred charges and accrued income | 490/1 | €24,422 | €23,137 | -€1,285 | -5.3% |
| Total equity and liabilities | 10/49 | €1,594,251 | €1,428,835 | -€165,416 | -10.4% |
| Equity | 10/15 | €296,643 | €137,237 | -€159,406 | -53.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,183 | €116,777 | -€159,406 | -57.7% |
| Amounts payable | 17/49 | €1,297,608 | €1,291,598 | -€6,010 | -0.5% |
| Amounts payable after more than one year | 17 | €846,143 | €880,673 | +€34,530 | +4.1% |
| Financial debts | 170/4 | €846,143 | €880,673 | +€34,530 | +4.1% |
| Amounts payable within one year | 42/48 | €451,464 | €410,925 | -€40,539 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €528 | - | -€528 | |
| Trade debts | 44 | €201,091 | €100,772 | -€100,320 | -49.9% |
| Suppliers | 440/4 | €201,091 | €100,772 | -€100,320 | -49.9% |
| Taxes, remuneration and social security | 45 | €246,024 | €304,210 | +€58,187 | +23.7% |
| Taxes | 450/3 | €197,730 | €183,009 | -€14,721 | -7.4% |
| Remuneration and social security | 454/9 | €48,294 | €121,201 | +€72,908 | +151% |
| Other amounts payable | 47/48 | €3,821 | €5,943 | +€2,122 | +55.5% |
| Turnover | 70 | €2,435,363 | - | -€2.4m | |
| Non-recurring operating income | 76A | €53,271 | - | -€53,271 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,117,464 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €706,733 | €846,091 | +€139,357 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,742 | €300,460 | +€92,718 | +44.6% |
| Other operating charges | 640/8 | €221,050 | €267,368 | +€46,318 | +21.0% |
| Non-recurring operating charges | 66A | - | €326 | +€326 | |
| Gross operating margin | 9900 | €1,371,170 | €1,507,972 | +€136,802 | +10.0% |
| Operating profit (loss) | 9901 | €235,644 | €93,727 | -€141,917 | -60.2% |
| Financial charges | 65/66B | €39,570 | €62,971 | +€23,401 | +59.1% |
| Recurring financial charges | 65 | €39,570 | €62,971 | +€23,401 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €196,074 | €30,756 | -€165,318 | -84.3% |
| Income taxes | 67/77 | €53,200 | €20,162 | -€33,038 | -62.1% |
| Profit (loss) for the period | 9904 | €142,874 | €10,594 | -€132,280 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,874 | €10,594 | -€132,280 | -92.6% |
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 28 October 2026 via checked.be.