HMD Transport & Services: what changed
HMD Transport & Services
Largest movements
- Cash +€22,529
up €22,529 (+105%), from €21,558 to €44,088
mainly Net result for the year (+€30,817) and Tax, wage and social debts (+€9,155)
- Receivables within one year +€19,307
up €19,307 (+258%), from €7,470 to €26,777
of which Trade receivables: +€17,692
- Financial fixed assets +€2,250
new in 2025: €2,250
- Tangible fixed assets -€1,501
no longer reported in 2025 (was €1,501)
- Reserves +€27,273
new in 2025: €27,273
- Tax, wage and social debts +€9,155
up €9,155 (+125%), from €7,302 to €16,458
- Profit (loss) carried forward +€3,544
up €3,544 (+19.2%), from €18,491 to €22,036
- Trade debts +€2,213
up €2,213 (+79.3%), from €2,790 to €5,003
- Gross operating margin +€26,833
up €26,833 (+147%), from €18,285 to €45,118
- Taxes +€9,115
up €9,115 (+256%), from €3,561 to €12,676
- Depreciation +€1,044
up €1,044 (+228%), from €458 to €1,501
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,530 | €73,115 | +€42,585 | +139% |
| Fixed assets | 21/28 | €1,501 | €2,250 | +€749 | +49.9% |
| Tangible fixed assets | 22/27 | €1,501 | - | -€1,501 | |
| Furniture and vehicles | 24 | €1,501 | - | -€1,501 | |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €29,029 | €70,865 | +€41,836 | +144% |
| Amounts receivable within one year | 40/41 | €7,470 | €26,777 | +€19,307 | +258% |
| Trade receivables | 40 | €7,446 | €25,138 | +€17,692 | +238% |
| Other amounts receivable | 41 | €24 | €1,639 | +€1,615 | +6,680% |
| Cash at bank and in hand | 54/58 | €21,558 | €44,088 | +€22,529 | +105% |
| Total equity and liabilities | 10/49 | €30,530 | €73,115 | +€42,585 | +139% |
| Equity | 10/15 | €18,491 | €49,308 | +€30,817 | +167% |
| Reserves | 13 | - | €27,273 | +€27,273 | |
| Distributable reserves | 133 | - | €27,273 | +€27,273 | |
| Profit (loss) carried forward | 14 | €18,491 | €22,036 | +€3,544 | +19.2% |
| Amounts payable | 17/49 | €12,039 | €23,807 | +€11,768 | +97.8% |
| Amounts payable within one year | 42/48 | €12,039 | €23,807 | +€11,768 | +97.8% |
| Trade debts | 44 | €2,790 | €5,003 | +€2,213 | +79.3% |
| Suppliers | 440/4 | €2,790 | €5,003 | +€2,213 | +79.3% |
| Taxes, remuneration and social security | 45 | €7,302 | €16,458 | +€9,155 | +125% |
| Taxes | 450/3 | €7,302 | €16,458 | +€9,155 | +125% |
| Other amounts payable | 47/48 | €1,947 | €2,347 | +€400 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €1,501 | +€1,044 | +228% |
| Other operating charges | 640/8 | - | €113 | +€113 | |
| Gross operating margin | 9900 | €18,285 | €45,118 | +€26,833 | +147% |
| Operating profit (loss) | 9901 | €17,828 | €43,503 | +€25,676 | +144% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €74 | €10 | -€64 | -86.4% |
| Recurring financial charges | 65 | €74 | €10 | -€64 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | €17,754 | €43,493 | +€25,739 | +145% |
| Income taxes | 67/77 | €3,561 | €12,676 | +€9,115 | +256% |
| Profit (loss) for the period | 9904 | €14,192 | €30,817 | +€16,625 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €14,192 | €30,817 | +€16,625 | +117% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.