HDN GROUP: what changed
Two fiscal 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.
HDN GROUP
Largest movements
- Stocks and contracts +€12,540
new in 2024: €12,540
- Cash -€6,805
down €6,805 (-9.2%), from €74,147 to €67,342
mainly Stocks and contracts (-€12,540) and Net result for the year (-€11,101)
- Receivables within one year -€4,512
no longer reported in 2024 (was €4,512)
- Tangible fixed assets -€2,115
down €2,115 (-11.6%), from €18,269 to €16,154
of which Furniture and vehicles: -€4,004
- Tax, wage and social debts +€16,899
up €16,899 (+27.8%), from €60,844 to €77,743
of which Remuneration and social security: +€20,444
- Profit (loss) carried forward -€11,101
down €11,101, from €4,552 to -€6,549
- Trade debts -€6,689
down €6,689 (-24.6%), from €27,189 to €20,499
- Staff costs +€60,767
up €60,767 (+90.4%), from €67,228 to €127,995
- Gross operating margin +€47,136
up €47,136 (+61.8%), from €76,260 to €123,395
- Depreciation +€3,808
up €3,808 (+244.7%), from €1,556 to €5,365
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 | €102,585 | €101,694 | -€891 | -0.9% |
| Fixed assets | 21/28 | €23,927 | €21,812 | -€2,115 | -8.8% |
| Tangible fixed assets | 22/27 | €18,269 | €16,154 | -€2,115 | -11.6% |
| Plant, machinery and equipment | 23 | €1,245 | €3,759 | +€2,514 | +202.0% |
| Furniture and vehicles | 24 | €14,681 | €10,677 | -€4,004 | -27.3% |
| Other tangible fixed assets | 26 | €2,344 | €1,719 | -€625 | -26.7% |
| Financial fixed assets | 28 | €5,658 | €5,658 | = | 0.0% |
| Current assets | 29/58 | €78,658 | €79,882 | +€1,223 | +1.6% |
| Stocks and contracts in progress | 3 | - | €12,540 | +€12,540 | |
| Stocks | 30/36 | - | €12,540 | +€12,540 | |
| Amounts receivable within one year | 40/41 | €4,512 | - | -€4,512 | |
| Other amounts receivable | 41 | €4,512 | - | -€4,512 | |
| Cash at bank and in hand | 54/58 | €74,147 | €67,342 | -€6,805 | -9.2% |
| Total equity and liabilities | 10/49 | €102,585 | €101,694 | -€891 | -0.9% |
| Equity | 10/15 | €14,552 | €3,451 | -€11,101 | -76.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,552 | -€6,549 | -€11,101 | |
| Amounts payable | 17/49 | €88,032 | €98,243 | +€10,210 | +11.6% |
| Amounts payable within one year | 42/48 | €88,032 | €98,243 | +€10,210 | +11.6% |
| Trade debts | 44 | €27,189 | €20,499 | -€6,689 | -24.6% |
| Suppliers | 440/4 | €27,189 | €20,499 | -€6,689 | -24.6% |
| Taxes, remuneration and social security | 45 | €60,844 | €77,743 | +€16,899 | +27.8% |
| Taxes | 450/3 | €12,442 | €8,898 | -€3,544 | -28.5% |
| Remuneration and social security | 454/9 | €48,402 | €68,845 | +€20,444 | +42.2% |
| Remuneration, social security and pensions | 62 | €67,228 | €127,995 | +€60,767 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | €5,365 | +€3,808 | +244.7% |
| Other operating charges | 640/8 | - | €361 | +€361 | |
| Gross operating margin | 9900 | €76,260 | €123,395 | +€47,136 | +61.8% |
| Operating profit (loss) | 9901 | €7,476 | -€10,325 | -€17,801 | |
| Financial income | 75/76B | €164 | €31 | -€133 | -80.8% |
| Recurring financial income | 75 | €164 | €31 | -€133 | -80.8% |
| Financial charges | 65/66B | €1,888 | €808 | -€1,080 | -57.2% |
| Recurring financial charges | 65 | €1,888 | €808 | -€1,080 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €5,752 | -€11,101 | -€16,854 | |
| Income taxes | 67/77 | €1,200 | - | -€1,200 | |
| Profit (loss) for the period | 9904 | €4,552 | -€11,101 | -€15,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,552 | -€11,101 | -€15,654 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.