HSD AINVEST: 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.
HSD AINVEST
Largest movements
- Cash +€52,417
up €52,417 (+4,337%), from €1,209 to €53,626
mainly Net result for the year (+€21,934) and Investment in fixed assets (net) (+€16,544)
- Financial fixed assets -€16,544
down €16,544 (-26.9%), from €61,544 to €45,000
- Receivables within one year -€11,865
down €11,865 (-85.7%), from €13,844 to €1,979
- Profit (loss) carried forward +€21,934
up €21,934 (+6.1%), from -€358,678 to -€336,744
- Other debts +€1,800
up €1,800 (+0.5%), from €371,500 to €373,300
- Financial income +€38,109
new in 2025: €38,109
of which Financial income: +€38,109
- Gross operating margin +€2,858
up €2,858 (+56.8%), from -€5,032 to -€2,174
- Financial charges +€1,203
up €1,203 (+2,764%), from €44 to €1,246
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 | €76,596 | €100,605 | +€24,009 | +31.3% |
| Fixed assets | 21/28 | €61,544 | €45,000 | -€16,544 | -26.9% |
| Financial fixed assets | 28 | €61,544 | €45,000 | -€16,544 | -26.9% |
| Current assets | 29/58 | €15,053 | €55,605 | +€40,552 | +269% |
| Amounts receivable within one year | 40/41 | €13,844 | €1,979 | -€11,865 | -85.7% |
| Other amounts receivable | 41 | €13,844 | €1,979 | -€11,865 | -85.7% |
| Cash at bank and in hand | 54/58 | €1,209 | €53,626 | +€52,417 | +4,337% |
| Total equity and liabilities | 10/49 | €76,596 | €100,605 | +€24,009 | +31.3% |
| Equity | 10/15 | -€297,178 | -€275,244 | +€21,934 | +7.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€358,678 | -€336,744 | +€21,934 | +6.1% |
| Amounts payable | 17/49 | €373,774 | €375,849 | +€2,075 | +0.6% |
| Amounts payable within one year | 42/48 | €373,708 | €375,782 | +€2,074 | +0.6% |
| Trade debts | 44 | €2,208 | €2,482 | +€274 | +12.4% |
| Suppliers | 440/4 | €2,208 | €2,482 | +€274 | +12.4% |
| Other amounts payable | 47/48 | €371,500 | €373,300 | +€1,800 | +0.5% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Other operating charges | 640/8 | €846 | €891 | +€45 | +5.4% |
| Non-recurring operating charges | 66A | - | €11,865 | +€11,865 | |
| Gross operating margin | 9900 | -€5,032 | -€2,174 | +€2,858 | +56.8% |
| Operating profit (loss) | 9901 | -€5,878 | -€14,929 | -€9,052 | -154% |
| Financial income | 75/76B | - | €38,109 | +€38,109 | |
| Recurring financial income | 75 | - | €38,109 | +€38,109 | |
| Non-recurring financial income | 76B | - | €38,109 | +€38,109 | |
| Financial charges | 65/66B | €44 | €1,246 | +€1,203 | +2,764% |
| Recurring financial charges | 65 | €44 | €1,246 | +€1,203 | +2,764% |
| Profit (loss) for the period before taxes | 9903 | -€5,921 | €21,934 | +€27,855 | |
| Profit (loss) for the period | 9904 | -€5,921 | €21,934 | +€27,855 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,921 | €21,934 | +€27,855 |
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 14 October 2026 via checked.be.