HDNS: 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.
HDNS
Largest movements
- Cash -€20,404
down €20,404 (-46.8%), from €43,613 to €23,209
mainly Contributions, distributions and other (-€36,719) and Tax, wage and social debts (-€12,826)
- Receivables within one year +€11,822
up €11,822 (+54.4%), from €21,750 to €33,572
of which Trade receivables: +€9,133
- Tangible fixed assets -€5,610
down €5,610 (-32.6%), from €17,210 to €11,599
of which Other tangible fixed assets: -€3,939
- Deferred charges and accrued income -€1,141
down €1,141 (-35.0%), from €3,261 to €2,121
- Tax, wage and social debts -€12,826
down €12,826 (-61.9%), from €20,732 to €7,906
- Profit (loss) carried forward -€2,969
down €2,969 (-100.0%), from €2,969 to €0
- Other debts +€2,313
up €2,313 (+4.3%), from €53,577 to €55,890
- Trade debts -€1,851
down €1,851 (-29.3%), from €6,320 to €4,469
- Gross operating margin -€15,827
down €15,827 (-23.0%), from €68,951 to €53,124
- Taxes -€3,060
down €3,060 (-22.0%), from €13,914 to €10,854
- Other operating charges +€781
up €781 (+137.6%), from €568 to €1,349
- Depreciation +€766
up €766 (+13.9%), from €5,508 to €6,275
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 | €86,598 | €71,265 | -€15,333 | -17.7% |
| Fixed assets | 21/28 | €17,973 | €12,362 | -€5,610 | -31.2% |
| Tangible fixed assets | 22/27 | €17,210 | €11,599 | -€5,610 | -32.6% |
| Plant, machinery and equipment | 23 | €2,304 | €2,285 | -€19 | -0.8% |
| Furniture and vehicles | 24 | €2,243 | €591 | -€1,652 | -73.6% |
| Other tangible fixed assets | 26 | €12,662 | €8,723 | -€3,939 | -31.1% |
| Financial fixed assets | 28 | €763 | €763 | = | 0.0% |
| Current assets | 29/58 | €68,625 | €58,903 | -€9,722 | -14.2% |
| Amounts receivable within one year | 40/41 | €21,750 | €33,572 | +€11,822 | +54.4% |
| Trade receivables | 40 | €21,750 | €30,883 | +€9,133 | +42.0% |
| Other amounts receivable | 41 | €0 | €2,689 | +€2,689 | |
| Cash at bank and in hand | 54/58 | €43,613 | €23,209 | -€20,404 | -46.8% |
| Deferred charges and accrued income | 490/1 | €3,261 | €2,121 | -€1,141 | -35.0% |
| Total equity and liabilities | 10/49 | €86,598 | €71,265 | -€15,333 | -17.7% |
| Equity | 10/15 | €5,969 | €3,000 | -€2,969 | -49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,969 | €0 | -€2,969 | -100.0% |
| Amounts payable | 17/49 | €80,629 | €68,265 | -€12,364 | -15.3% |
| Amounts payable within one year | 42/48 | €80,629 | €68,265 | -€12,364 | -15.3% |
| Trade debts | 44 | €6,320 | €4,469 | -€1,851 | -29.3% |
| Suppliers | 440/4 | €6,320 | €4,469 | -€1,851 | -29.3% |
| Taxes, remuneration and social security | 45 | €20,732 | €7,906 | -€12,826 | -61.9% |
| Taxes | 450/3 | €20,732 | €7,906 | -€12,826 | -61.9% |
| Other amounts payable | 47/48 | €53,577 | €55,890 | +€2,313 | +4.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,508 | €6,275 | +€766 | +13.9% |
| Other operating charges | 640/8 | €568 | €1,349 | +€781 | +137.6% |
| Gross operating margin | 9900 | €68,951 | €53,124 | -€15,827 | -23.0% |
| Operating profit (loss) | 9901 | €62,875 | €45,501 | -€17,374 | -27.6% |
| Financial income | 75/76B | €1 | €148 | +€147 | +15167.0% |
| Recurring financial income | 75 | €1 | €148 | +€147 | +15167.0% |
| Financial charges | 65/66B | €1,198 | €1,044 | -€154 | -12.9% |
| Recurring financial charges | 65 | €1,198 | €1,044 | -€154 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €61,678 | €44,604 | -€17,073 | -27.7% |
| Income taxes | 67/77 | €13,914 | €10,854 | -€3,060 | -22.0% |
| Profit (loss) for the period | 9904 | €47,764 | €33,750 | -€14,014 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,764 | €33,750 | -€14,014 | -29.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.