HLDB: 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.
What changed
HLDB
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€52.3m
2023 · -€31,984+€52.3m
Equity
€198.0m
2023 · €163.6m+€34.4m
Cash
€179,657
2023 · €10,133+€169,524
Balance sheet total
€215.2m
2023 · €182.7m+€32.5m
Largest movements
Assets
- Receivables within one year +€32.3m
up €32.3m (+53407.8%), from €60,504 to €32.4m
of which Other amounts receivable: +€32.3m
Equity and liabilities
- Reserves +€34.4m
up €34.4m (+193.1%), from €17.8m to €52.3m
of which Distributable reserves: +€34.4m
Income statement
- Financial income +€52.6m
up €52.6m (+26098.0%), from €201,681 to €52.8m
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.
Result 2023
-€31,984
Other operating items
+€204,627
Financial income
+€52.6m
Financial charges
-€539,963
Result 2024
€52.3m
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.
From operations
+€19.0m
Investment
€0
Financing
-€18.8m
Cash 2023
€10,133
From operations (derived)
+€19.0m
Net result for the year
+€52.3m
Receivables within one year
-€32.3m
Smaller working-capital items
-€105,793
Other debts
-€849,115
Financing
-€18.8m
Current portion of long-term debt
-€1.0m
Contributions, distributions and other
-€17.8m
Cash 2024
€179,657
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,693,272 | €215,176,809 | +€32.5m | +17.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €182,622,635 | €182,622,635 | = | 0.0% |
| Financial fixed assets | 28 | €182,622,635 | €182,622,635 | = | 0.0% |
| Affiliated companies | 280/1 | €182,622,635 | €182,622,635 | = | 0.0% |
| Participating interests | 280 | €182,622,635 | €182,622,635 | = | 0.0% |
| Current assets | 29/58 | €70,637 | €32,554,174 | +€32.5m | +45986.3% |
| Amounts receivable within one year | 40/41 | €60,504 | €32,374,517 | +€32.3m | +53407.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €60,504 | €32,374,517 | +€32.3m | +53407.8% |
| Cash at bank and in hand | 54/58 | €10,133 | €179,657 | +€169,524 | +1673.0% |
| Total equity and liabilities | 10/49 | €182,693,272 | €215,176,809 | +€32.5m | +17.8% |
| Equity | 10/15 | €163,587,154 | €198,025,599 | +€34.4m | +21.1% |
| Contributions | 10/11 | €145,755,936 | €145,755,936 | = | 0.0% |
| Reserves | 13 | €17,831,219 | €52,269,663 | +€34.4m | +193.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €17,829,359 | €52,269,663 | +€34.4m | +193.2% |
| Amounts payable | 17/49 | €19,106,118 | €17,151,210 | -€2.0m | -10.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,106,077 | €17,151,169 | -€2.0m | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Trade debts | 44 | €106,077 | €284 | -€105,793 | -99.7% |
| Suppliers | 440/4 | €106,077 | €284 | -€105,793 | -99.7% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €18,000,000 | €17,150,885 | -€849,115 | -4.7% |
| Accrued charges and deferred income | 492/3 | €41 | €41 | -€0 | -0.4% |
| Operating charges | 60/66A | €213,470 | €8,843 | -€204,627 | -95.9% |
| Purchases | 600/8 | - | €0 | = | |
| Services and other goods | 61 | €213,470 | €8,843 | -€204,627 | -95.9% |
| Operating profit (loss) | 9901 | -€213,470 | -€8,843 | +€204,627 | +95.9% |
| Financial income | 75/76B | €201,681 | €52,836,445 | +€52.6m | +26098.0% |
| Recurring financial income | 75 | €201,681 | €52,836,445 | +€52.6m | +26098.0% |
| Income from current assets | 751 | €201,681 | €52,836,445 | +€52.6m | +26098.0% |
| Financial charges | 65/66B | €20,195 | €560,158 | +€539,963 | +2673.7% |
| Recurring financial charges | 65 | €20,195 | €560,158 | +€539,963 | +2673.7% |
| Debt charges | 650 | €17,216 | €559,517 | +€542,301 | +3150.0% |
| Other financial charges | 652/9 | €2,979 | €641 | -€2,338 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,984 | €52,267,445 | +€52.3m | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Taxes | 670/3 | €0 | €0 | = | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€31,984 | €52,267,445 | +€52.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,984 | €52,267,445 | +€52.3m |
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 29 September 2026 via checked.be.