HDS GROUP: 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.
HDS GROUP
Largest movements
- Receivables within one year -€18,886
down €18,886 (-8.4%), from €224,917 to €206,031
of which Other amounts receivable: -€18,886
- Tangible fixed assets -€7,400
down €7,400 (-26.7%), from €27,735 to €20,335
- Advances received -€72,980
down €72,980 (-61.9%), from €117,937 to €44,956
- Trade debts +€30,072
up €30,072 (+84.5%), from €35,575 to €65,647
- Profit (loss) carried forward +€28,100
up €28,100 (+117.8%), from €23,844 to €51,944
- Tax, wage and social debts +€18,101
up €18,101 (+54.3%), from €33,337 to €51,438
of which Taxes: +€16,593
- Current portion of long-term debt -€15,964
down €15,964 (-80.0%), from €19,945 to €3,981
- Gross operating margin +€23,614
up €23,614 (+32.5%), from €72,691 to €96,306
- Staff costs +€11,415
up €11,415 (+36.4%), from €31,358 to €42,773
- Other operating charges +€11,317
up €11,317 (+230.3%), from €4,915 to €16,232
- Depreciation -€10,160
down €10,160 (-57.9%), from €17,560 to €7,400
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,005 | €241,106 | -€25,899 | -9.7% |
| Fixed assets | 21/28 | €41,960 | €34,560 | -€7,400 | -17.6% |
| Tangible fixed assets | 22/27 | €27,735 | €20,335 | -€7,400 | -26.7% |
| Leasing and similar rights | 25 | €27,735 | €20,335 | -€7,400 | -26.7% |
| Financial fixed assets | 28 | €14,225 | €14,225 | = | 0.0% |
| Current assets | 29/58 | €225,045 | €206,546 | -€18,499 | -8.2% |
| Amounts receivable within one year | 40/41 | €224,917 | €206,031 | -€18,886 | -8.4% |
| Trade receivables | 40 | €29,334 | €29,334 | = | 0.0% |
| Other amounts receivable | 41 | €195,583 | €176,697 | -€18,886 | -9.7% |
| Cash at bank and in hand | 54/58 | €128 | €515 | +€387 | +302.2% |
| Total equity and liabilities | 10/49 | €267,005 | €241,106 | -€25,899 | -9.7% |
| Equity | 10/15 | €42,844 | €70,944 | +€28,100 | +65.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,844 | €51,944 | +€28,100 | +117.8% |
| Amounts payable | 17/49 | €224,160 | €170,161 | -€53,999 | -24.1% |
| Amounts payable after more than one year | 17 | €17,367 | €4,139 | -€13,228 | -76.2% |
| Financial debts | 170/4 | €17,367 | €4,139 | -€13,228 | -76.2% |
| Amounts payable within one year | 42/48 | €206,794 | €166,023 | -€40,771 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €19,945 | €3,981 | -€15,964 | -80.0% |
| Trade debts | 44 | €35,575 | €65,647 | +€30,072 | +84.5% |
| Suppliers | 440/4 | €35,575 | €65,647 | +€30,072 | +84.5% |
| Advances received on contracts in progress | 46 | €117,937 | €44,956 | -€72,980 | -61.9% |
| Taxes, remuneration and social security | 45 | €33,337 | €51,438 | +€18,101 | +54.3% |
| Taxes | 450/3 | €27,415 | €44,008 | +€16,593 | +60.5% |
| Remuneration and social security | 454/9 | €5,922 | €7,430 | +€1,508 | +25.5% |
| Remuneration, social security and pensions | 62 | €31,358 | €42,773 | +€11,415 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,560 | €7,400 | -€10,160 | -57.9% |
| Other operating charges | 640/8 | €4,915 | €16,232 | +€11,317 | +230.3% |
| Non-recurring operating charges | 66A | €293 | €395 | +€102 | +34.9% |
| Gross operating margin | 9900 | €72,691 | €96,306 | +€23,614 | +32.5% |
| Operating profit (loss) | 9901 | €18,565 | €29,505 | +€10,940 | +58.9% |
| Financial charges | 65/66B | €1,124 | €1,405 | +€281 | +25.0% |
| Recurring financial charges | 65 | €1,124 | €1,405 | +€281 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €17,441 | €28,100 | +€10,659 | +61.1% |
| Profit (loss) for the period | 9904 | €17,441 | €28,100 | +€10,659 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,441 | €28,100 | +€10,659 | +61.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.