HMD AUTOS: 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.
HMD AUTOS
Largest movements
- Stocks and contracts -€68,840
down €68,840 (-82.4%), from €83,510 to €14,670
- Receivables within one year +€38,309
up €38,309 (+1,942%), from €1,972 to €40,281
of which Trade receivables: +€40,281
- Cash -€12,985
down €12,985 (-91.8%), from €14,148 to €1,163
mainly Tax, wage and social debts (-€52,055) and Receivables within one year (-€38,309)
- Tangible fixed assets +€10,242
up €10,242 (+128%), from €8,004 to €18,246
- Tax, wage and social debts -€52,055
down €52,055 (-93.8%), from €55,500 to €3,445
of which Remuneration and social security: -€55,500
- Other debts +€48,207
up €48,207 (+39.6%), from €121,589 to €169,795
- Trade debts -€25,352
down €25,352 (-74.3%), from €34,117 to €8,765
- Profit (loss) carried forward -€4,074
down €4,074 (-3.4%), from -€118,573 to -€122,646
- Depreciation +€7,710
up €7,710 (+377%), from €2,043 to €9,753
- Gross operating margin +€5,931
up €5,931 (+93.1%), from €6,373 to €12,304
- Other operating charges +€4,217
up €4,217 (+189%), from €2,228 to €6,445
- Financial charges -€1,734
down €1,734 (-95.8%), from €1,809 to €75
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.
Derived cash bridge
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 | €107,633 | €74,359 | -€33,274 | -30.9% |
| Fixed assets | 21/28 | €8,004 | €18,246 | +€10,242 | +128% |
| Tangible fixed assets | 22/27 | €8,004 | €18,246 | +€10,242 | +128% |
| Furniture and vehicles | 24 | €8,004 | €18,246 | +€10,242 | +128% |
| Current assets | 29/58 | €99,630 | €56,114 | -€43,516 | -43.7% |
| Stocks and contracts in progress | 3 | €83,510 | €14,670 | -€68,840 | -82.4% |
| Stocks | 30/36 | €83,510 | €14,670 | -€68,840 | -82.4% |
| Amounts receivable within one year | 40/41 | €1,972 | €40,281 | +€38,309 | +1,942% |
| Trade receivables | 40 | - | €40,281 | +€40,281 | |
| Other amounts receivable | 41 | €1,972 | - | -€1,972 | |
| Cash at bank and in hand | 54/58 | €14,148 | €1,163 | -€12,985 | -91.8% |
| Total equity and liabilities | 10/49 | €107,633 | €74,359 | -€33,274 | -30.9% |
| Equity | 10/15 | -€103,573 | -€107,646 | -€4,074 | -3.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,573 | -€122,646 | -€4,074 | -3.4% |
| Amounts payable | 17/49 | €211,206 | €182,006 | -€29,200 | -13.8% |
| Amounts payable within one year | 42/48 | €211,206 | €182,006 | -€29,200 | -13.8% |
| Trade debts | 44 | €34,117 | €8,765 | -€25,352 | -74.3% |
| Suppliers | 440/4 | €34,117 | €8,765 | -€25,352 | -74.3% |
| Taxes, remuneration and social security | 45 | €55,500 | €3,445 | -€52,055 | -93.8% |
| Taxes | 450/3 | - | €3,445 | +€3,445 | |
| Remuneration and social security | 454/9 | €55,500 | - | -€55,500 | |
| Other amounts payable | 47/48 | €121,589 | €169,795 | +€48,207 | +39.6% |
| Non-recurring operating income | 76A | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €9,753 | +€7,710 | +377% |
| Other operating charges | 640/8 | €2,228 | €6,445 | +€4,217 | +189% |
| Gross operating margin | 9900 | €6,373 | €12,304 | +€5,931 | +93.1% |
| Operating profit (loss) | 9901 | €2,102 | -€3,893 | -€5,995 | |
| Financial charges | 65/66B | €1,809 | €75 | -€1,734 | -95.8% |
| Recurring financial charges | 65 | €1,809 | €75 | -€1,734 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €293 | -€3,969 | -€4,262 | |
| Profit (loss) for the period | 9904 | €293 | -€3,969 | -€4,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €293 | -€3,969 | -€4,262 |
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 25 October 2026 via checked.be.