HDMH: 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.
HDMH
Largest movements
- Receivables within one year -€8,679
down €8,679 (-85.9%), from €10,105 to €1,426
of which Other amounts receivable: -€5,523
- Tangible fixed assets +€7,398
up €7,398 (+373.4%), from €1,981 to €9,379
- Cash -€5,743
down €5,743 (-23.5%), from €24,440 to €18,698
mainly Net result for the year (-€11,069) and Investment in fixed assets (net) (-€7,782)
- Profit (loss) carried forward -€11,069
down €11,069 (-26.9%), from -€41,112 to -€52,181
- Other debts +€5,538
new in 2025: €5,538
- Accrued charges and deferred income -€1,435
no longer reported in 2025 (was €1,435)
- Tax, wage and social debts -€1,000
no longer reported in 2025 (was €1,000)
- Trade debts +€653
up €653 (+6.0%), from €10,846 to €11,499
- Turnover -€60,911
no longer reported in 2025 (was €60,911)
- Purchases and services -€54,564
no longer reported in 2025 (was €54,564)
- Gross operating margin -€16,935
down €16,935, from €6,348 to -€10,587
- Depreciation -€3,557
down €3,557 (-90.2%), from €3,942 to €384
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 | €36,887 | €29,574 | -€7,313 | -19.8% |
| Fixed assets | 21/28 | €1,981 | €9,379 | +€7,398 | +373.4% |
| Tangible fixed assets | 22/27 | €1,981 | €9,379 | +€7,398 | +373.4% |
| Furniture and vehicles | 24 | €1,981 | €9,379 | +€7,398 | +373.4% |
| Current assets | 29/58 | €34,906 | €20,195 | -€14,711 | -42.1% |
| Amounts receivable within one year | 40/41 | €10,105 | €1,426 | -€8,679 | -85.9% |
| Trade receivables | 40 | €4,408 | €1,252 | -€3,156 | -71.6% |
| Other amounts receivable | 41 | €5,696 | €174 | -€5,523 | -97.0% |
| Cash at bank and in hand | 54/58 | €24,440 | €18,698 | -€5,743 | -23.5% |
| Deferred charges and accrued income | 490/1 | €361 | €71 | -€290 | -80.3% |
| Total equity and liabilities | 10/49 | €36,887 | €29,574 | -€7,313 | -19.8% |
| Equity | 10/15 | €23,606 | €12,538 | -€11,069 | -46.9% |
| Contributions | 10/11 | €56,562 | €56,562 | = | 0.0% |
| Reserves | 13 | €8,156 | €8,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,656 | €5,656 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,656 | €5,656 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,112 | -€52,181 | -€11,069 | -26.9% |
| Amounts payable | 17/49 | €13,281 | €17,036 | +€3,755 | +28.3% |
| Amounts payable within one year | 42/48 | €11,846 | €17,036 | +€5,191 | +43.8% |
| Trade debts | 44 | €10,846 | €11,499 | +€653 | +6.0% |
| Suppliers | 440/4 | €10,846 | €11,499 | +€653 | +6.0% |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €5,538 | +€5,538 | |
| Accrued charges and deferred income | 492/3 | €1,435 | - | -€1,435 | |
| Turnover | 70 | €60,911 | - | -€60,911 | |
| Goods, raw materials, services and sundry goods | 60/61 | €54,564 | - | -€54,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,942 | €384 | -€3,557 | -90.2% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €6,348 | -€10,587 | -€16,935 | |
| Operating profit (loss) | 9901 | €2,019 | -€10,972 | -€12,990 | |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €162 | €150 | -€12 | -7.1% |
| Recurring financial charges | 65 | €162 | €150 | -€12 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €1,857 | -€11,069 | -€12,926 | |
| Profit (loss) for the period | 9904 | €1,857 | -€11,069 | -€12,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,857 | -€11,069 | -€12,926 |
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 11 October 2026 via checked.be.