CONSULTING HVMD: 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.
CONSULTING HVMD
Largest movements
- Tangible fixed assets -€35,529
down €35,529 (-9.7%), from €367,760 to €332,231
of which Assets under construction and advance payments: -€36,500
- Receivables within one year -€8,031
down €8,031 (-74.9%), from €10,728 to €2,696
of which Other amounts receivable: -€9,168
- Profit (loss) carried forward -€30,336
down €30,336 (-41.2%), from -€73,616 to -€103,951
- Debts after one year -€18,086
down €18,086 (-4.6%), from €393,350 to €375,264
- Other debts +€4,626
new in 2025: €4,626
- Depreciation -€41,115
down €41,115 (-66.3%), from €61,995 to €20,880
- Other operating charges -€2,974
down €2,974 (-54.4%), from €5,469 to €2,495
- Taxes +€1,537
new in 2025: €1,537
- Financial charges -€1,010
down €1,010 (-38.9%), from €2,598 to €1,588
- Gross operating margin -€201
down €201 (-5.5%), from -€3,635 to -€3,837
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.
Cash bridge derived
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 | €380,919 | €336,226 | -€44,693 | -11.7% |
| Fixed assets | 21/28 | €367,760 | €332,231 | -€35,529 | -9.7% |
| Tangible fixed assets | 22/27 | €367,760 | €332,231 | -€35,529 | -9.7% |
| Land and buildings | 22 | €291,000 | €302,951 | +€11,951 | +4.1% |
| Furniture and vehicles | 24 | €40,260 | €29,280 | -€10,980 | -27.3% |
| Assets under construction and advance payments | 27 | €36,500 | - | -€36,500 | |
| Current assets | 29/58 | €13,159 | €3,995 | -€9,164 | -69.6% |
| Amounts receivable within one year | 40/41 | €10,728 | €2,696 | -€8,031 | -74.9% |
| Trade receivables | 40 | - | €1,136 | +€1,136 | |
| Other amounts receivable | 41 | €10,728 | €1,560 | -€9,168 | -85.5% |
| Cash at bank and in hand | 54/58 | €934 | €121 | -€812 | -87.0% |
| Deferred charges and accrued income | 490/1 | €1,498 | €1,177 | -€320 | -21.4% |
| Total equity and liabilities | 10/49 | €380,919 | €336,226 | -€44,693 | -11.7% |
| Equity | 10/15 | -€23,616 | -€53,951 | -€30,336 | -128.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,616 | -€103,951 | -€30,336 | -41.2% |
| Amounts payable | 17/49 | €404,535 | €390,178 | -€14,357 | -3.5% |
| Amounts payable after more than one year | 17 | €393,350 | €375,264 | -€18,086 | -4.6% |
| Financial debts | 170/4 | €393,350 | €375,264 | -€18,086 | -4.6% |
| Amounts payable within one year | 42/48 | €11,185 | €14,914 | +€3,729 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €7,654 | €8,086 | +€432 | +5.6% |
| Trade debts | 44 | €586 | - | -€586 | |
| Suppliers | 440/4 | €586 | - | -€586 | |
| Taxes, remuneration and social security | 45 | €2,945 | €2,202 | -€743 | -25.2% |
| Taxes | 450/3 | €2,945 | €2,202 | -€743 | -25.2% |
| Other amounts payable | 47/48 | - | €4,626 | +€4,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,995 | €20,880 | -€41,115 | -66.3% |
| Other operating charges | 640/8 | €5,469 | €2,495 | -€2,974 | -54.4% |
| Gross operating margin | 9900 | -€3,635 | -€3,837 | -€201 | -5.5% |
| Operating profit (loss) | 9901 | -€71,099 | -€27,212 | +€43,887 | +61.7% |
| Financial income | 75/76B | €81 | €2 | -€79 | -97.7% |
| Recurring financial income | 75 | €81 | €2 | -€79 | -97.7% |
| Financial charges | 65/66B | €2,598 | €1,588 | -€1,010 | -38.9% |
| Recurring financial charges | 65 | €2,598 | €1,588 | -€1,010 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€73,616 | -€28,798 | +€44,817 | +60.9% |
| Income taxes | 67/77 | - | €1,537 | +€1,537 | |
| Profit (loss) for the period | 9904 | -€73,616 | -€30,336 | +€43,280 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,616 | -€30,336 | +€43,280 | +58.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.