H.C.N. CONSULTING: 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.
H.C.N. CONSULTING
Largest movements
- Current investments +€41,807
up €41,807 (+6.8%), from €610,720 to €652,526
- Tangible fixed assets -€34,805
down €34,805 (-4.1%), from €853,485 to €818,680
of which Land and buildings: -€28,661
- Cash -€17,344
down €17,344 (-9.3%), from €185,826 to €168,482
mainly Current investments (-€41,807) and Provisions (-€16,357)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€8,452
up €8,452 (+82.1%), from €10,297 to €18,748
- Depreciation -€5,010
down €5,010 (-9.9%), from €50,521 to €45,510
- Financial charges +€431
up €431 (+84.2%), from €512 to €942
- Financial income +€219
up €219 (+1.1%), from €20,017 to €20,236
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 | €1,695,360 | €1,686,421 | -€8,939 | -0.5% |
| Fixed assets | 21/28 | €853,485 | €818,680 | -€34,805 | -4.1% |
| Tangible fixed assets | 22/27 | €853,485 | €818,680 | -€34,805 | -4.1% |
| Land and buildings | 22 | €792,998 | €764,337 | -€28,661 | -3.6% |
| Furniture and vehicles | 24 | €60,487 | €54,343 | -€6,145 | -10.2% |
| Current assets | 29/58 | €841,875 | €867,741 | +€25,866 | +3.1% |
| Amounts receivable after more than one year | 29 | €36,693 | €36,613 | -€80 | -0.2% |
| Trade receivables | 290 | €36,693 | €36,613 | -€80 | -0.2% |
| Stocks and contracts in progress | 3 | €1,612 | €1,325 | -€288 | -17.8% |
| Stocks | 30/36 | €1,612 | €1,325 | -€288 | -17.8% |
| Amounts receivable within one year | 40/41 | €7,024 | €8,794 | +€1,770 | +25.2% |
| Trade receivables | 40 | €216 | €373 | +€157 | +72.7% |
| Other amounts receivable | 41 | €6,808 | €8,421 | +€1,613 | +23.7% |
| Current investments | 50/53 | €610,720 | €652,526 | +€41,807 | +6.8% |
| Cash at bank and in hand | 54/58 | €185,826 | €168,482 | -€17,344 | -9.3% |
| Total equity and liabilities | 10/49 | €1,695,360 | €1,686,421 | -€8,939 | -0.5% |
| Equity | 10/15 | €1,578,573 | €1,585,846 | +€7,272 | +0.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €294,430 | €297,104 | +€2,674 | +0.9% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €288,180 | €290,854 | +€2,674 | +0.9% |
| Profit (loss) carried forward | 14 | €1,221,643 | €1,226,241 | +€4,598 | +0.4% |
| Provisions and deferred taxes | 16 | €113,309 | €96,951 | -€16,357 | -14.4% |
| Deferred taxes | 168 | €113,309 | €96,951 | -€16,357 | -14.4% |
| Amounts payable | 17/49 | €3,478 | €3,624 | +€145 | +4.2% |
| Amounts payable within one year | 42/48 | €2,656 | €2,784 | +€128 | +4.8% |
| Trade debts | 44 | - | €191 | +€191 | |
| Suppliers | 440/4 | - | €191 | +€191 | |
| Taxes, remuneration and social security | 45 | €905 | €317 | -€589 | -65.0% |
| Taxes | 450/3 | €905 | €317 | -€589 | -65.0% |
| Other amounts payable | 47/48 | €1,751 | €2,276 | +€525 | +30.0% |
| Accrued charges and deferred income | 492/3 | €822 | €840 | +€18 | +2.2% |
| Non-recurring operating income | 76A | - | €492 | +€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,521 | €45,510 | -€5,010 | -9.9% |
| Other operating charges | 640/8 | €1,372 | €1,397 | +€25 | +1.8% |
| Gross operating margin | 9900 | €10,297 | €18,748 | +€8,452 | +82.1% |
| Operating profit (loss) | 9901 | -€41,596 | -€28,159 | +€13,437 | +32.3% |
| Financial income | 75/76B | €20,017 | €20,236 | +€219 | +1.1% |
| Recurring financial income | 75 | €20,017 | €20,236 | +€219 | +1.1% |
| Financial charges | 65/66B | €512 | €942 | +€431 | +84.2% |
| Recurring financial charges | 65 | €512 | €942 | +€431 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,090 | -€8,865 | +€13,225 | +59.9% |
| Transfer from deferred taxes | 780 | €3,383 | €3,421 | +€38 | +1.1% |
| Income taxes | 67/77 | €234 | €220 | -€15 | -6.3% |
| Profit (loss) for the period | 9904 | -€18,942 | -€5,664 | +€13,278 | +70.1% |
| Transfer from tax-exempt reserves | 789 | €10,149 | €10,262 | +€113 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,792 | €4,598 | +€13,391 |
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.