HDS Technical Applications: 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.
HDS Technical Applications
Largest movements
- Cash +€35,525
up €35,525 (+693.3%), from €5,124 to €40,649
mainly Other debts (+€38,016) and Receivables within one year (+€14,244)
- Receivables within one year -€14,244
down €14,244 (-38.6%), from €36,941 to €22,697
of which Trade receivables: -€7,508
- Tangible fixed assets +€11,634
up €11,634 (+115.6%), from €10,061 to €21,694
of which Furniture and vehicles: +€10,198
- Intangible fixed assets -€5,962
down €5,962 (-100.0%), from €5,962 to €0
- Other debts +€38,016
up €38,016 (+1339.9%), from €2,837 to €40,853
- Reserves -€13,909
down €13,909 (-39.9%), from €34,824 to €20,915
of which Distributable reserves: -€13,909
- Profit (loss) carried forward +€9,138
up €9,138, from -€5,412 to €3,726
- Trade debts -€8,088
down €8,088 (-53.7%), from €15,069 to €6,981
- Short-term financial debts +€1,378
up €1,378, from €0 to €1,378
- Gross operating margin +€19,170
up €19,170 (+590.7%), from €3,246 to €22,416
- Depreciation -€6,818
down €6,818 (-35.5%), from €19,227 to €12,409
- Staff costs -€629
down €629 (-100.0%), from €629 to €0
- Financial charges +€310
up €310 (+29.7%), from €1,043 to €1,353
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 | €59,847 | €86,316 | +€26,469 | +44.2% |
| Fixed assets | 21/28 | €16,023 | €21,694 | +€5,672 | +35.4% |
| Intangible fixed assets | 21 | €5,962 | €0 | -€5,962 | -100.0% |
| Tangible fixed assets | 22/27 | €10,061 | €21,694 | +€11,634 | +115.6% |
| Plant, machinery and equipment | 23 | €575 | €4,374 | +€3,800 | +660.9% |
| Furniture and vehicles | 24 | €1,800 | €11,998 | +€10,198 | +566.5% |
| Other tangible fixed assets | 26 | €7,686 | €5,323 | -€2,363 | -30.7% |
| Current assets | 29/58 | €43,824 | €64,621 | +€20,797 | +47.5% |
| Amounts receivable within one year | 40/41 | €36,941 | €22,697 | -€14,244 | -38.6% |
| Trade receivables | 40 | €30,152 | €22,644 | -€7,508 | -24.9% |
| Other amounts receivable | 41 | €6,789 | €53 | -€6,736 | -99.2% |
| Cash at bank and in hand | 54/58 | €5,124 | €40,649 | +€35,525 | +693.3% |
| Deferred charges and accrued income | 490/1 | €1,759 | €1,275 | -€484 | -27.5% |
| Total equity and liabilities | 10/49 | €59,847 | €86,316 | +€26,469 | +44.2% |
| Equity | 10/15 | €35,612 | €30,841 | -€4,771 | -13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,824 | €20,915 | -€13,909 | -39.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Other | 1319 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €32,969 | €19,060 | -€13,909 | -42.2% |
| Profit (loss) carried forward | 14 | -€5,412 | €3,726 | +€9,138 | |
| Amounts payable | 17/49 | €24,235 | €55,475 | +€31,240 | +128.9% |
| Amounts payable within one year | 42/48 | €24,235 | €55,475 | +€31,240 | +128.9% |
| Financial debts | 43 | €0 | €1,378 | +€1,378 | |
| Credit institutions | 430/8 | €0 | €1,378 | +€1,378 | |
| Trade debts | 44 | €15,069 | €6,981 | -€8,088 | -53.7% |
| Suppliers | 440/4 | €15,069 | €6,981 | -€8,088 | -53.7% |
| Taxes, remuneration and social security | 45 | €6,329 | €6,264 | -€65 | -1.0% |
| Taxes | 450/3 | €6,329 | €6,264 | -€65 | -1.0% |
| Other amounts payable | 47/48 | €2,837 | €40,853 | +€38,016 | +1339.9% |
| Remuneration, social security and pensions | 62 | €629 | €0 | -€629 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,227 | €12,409 | -€6,818 | -35.5% |
| Other operating charges | 640/8 | €873 | €1,000 | +€128 | +14.6% |
| Gross operating margin | 9900 | €3,246 | €22,416 | +€19,170 | +590.7% |
| Operating profit (loss) | 9901 | -€17,483 | €9,007 | +€26,490 | |
| Financial income | 75/76B | €1,535 | €1,686 | +€151 | +9.8% |
| Recurring financial income | 75 | €1,535 | €1,686 | +€151 | +9.8% |
| Financial charges | 65/66B | €1,043 | €1,353 | +€310 | +29.7% |
| Recurring financial charges | 65 | €1,043 | €1,353 | +€310 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,991 | €9,339 | +€26,330 | |
| Income taxes | 67/77 | €188 | €201 | +€13 | +6.7% |
| Profit (loss) for the period | 9904 | -€17,180 | €9,138 | +€26,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,180 | €9,138 | +€26,318 |
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 9 October 2026 via checked.be.