H-CONSULT: 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-CONSULT
Largest movements
- Current investments +€154,250
new in 2025: €154,250
- Cash -€152,961
down €152,961 (-29.7%), from €514,972 to €362,010
mainly Current investments (-€154,250) and Receivables within one year (-€36,522)
- Receivables within one year +€36,522
up €36,522 (+46.2%), from €79,063 to €115,584
of which Trade receivables: +€34,847
- Profit (loss) carried forward +€39,117
up €39,117 (+32.2%), from -€121,307 to -€82,190
- Other debts -€11,202
down €11,202 (-17.6%), from €63,648 to €52,446
- Write-downs -€72,525
down €72,525 (-100.0%), from €72,525 to €0
- Gross operating margin +€53,512
up €53,512, from -€39,849 to €13,663
- Financial income +€33,203
up €33,203 (+3908.1%), from €850 to €34,052
- Depreciation -€734
down €734 (-26.1%), from €2,816 to €2,082
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 | €601,662 | €637,325 | +€35,663 | +5.9% |
| Fixed assets | 21/28 | €6,751 | €4,669 | -€2,082 | -30.8% |
| Tangible fixed assets | 22/27 | €6,751 | €4,669 | -€2,082 | -30.8% |
| Plant, machinery and equipment | 23 | €66 | €0 | -€66 | -100.0% |
| Furniture and vehicles | 24 | €6,686 | €4,669 | -€2,016 | -30.2% |
| Current assets | 29/58 | €594,911 | €632,656 | +€37,745 | +6.3% |
| Amounts receivable within one year | 40/41 | €79,063 | €115,584 | +€36,522 | +46.2% |
| Trade receivables | 40 | €48,724 | €83,571 | +€34,847 | +71.5% |
| Other amounts receivable | 41 | €30,338 | €32,013 | +€1,674 | +5.5% |
| Current investments | 50/53 | - | €154,250 | +€154,250 | |
| Cash at bank and in hand | 54/58 | €514,972 | €362,010 | -€152,961 | -29.7% |
| Deferred charges and accrued income | 490/1 | €876 | €811 | -€66 | -7.5% |
| Total equity and liabilities | 10/49 | €601,662 | €637,325 | +€35,663 | +5.9% |
| Equity | 10/15 | €534,639 | €573,757 | +€39,117 | +7.3% |
| Contributions | 10/11 | €186,205 | €186,205 | = | 0.0% |
| Reserves | 13 | €469,741 | €469,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,881 | €10,881 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,881 | €10,881 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,990 | €3,990 | = | 0.0% |
| Distributable reserves | 133 | €454,870 | €454,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,307 | -€82,190 | +€39,117 | +32.2% |
| Amounts payable | 17/49 | €67,022 | €63,568 | -€3,454 | -5.2% |
| Amounts payable within one year | 42/48 | €67,022 | €63,568 | -€3,454 | -5.2% |
| Trade debts | 44 | €1,449 | €6,195 | +€4,746 | +327.5% |
| Suppliers | 440/4 | €1,449 | €6,195 | +€4,746 | +327.5% |
| Taxes, remuneration and social security | 45 | €1,925 | €4,927 | +€3,002 | +155.9% |
| Taxes | 450/3 | €1,925 | €4,927 | +€3,002 | +155.9% |
| Other amounts payable | 47/48 | €63,648 | €52,446 | -€11,202 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,816 | €2,082 | -€734 | -26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72,525 | €0 | -€72,525 | -100.0% |
| Other operating charges | 640/8 | €1,039 | €750 | -€289 | -27.8% |
| Gross operating margin | 9900 | -€39,849 | €13,663 | +€53,512 | |
| Operating profit (loss) | 9901 | -€116,229 | €10,831 | +€127,060 | |
| Financial income | 75/76B | €850 | €34,052 | +€33,203 | +3908.1% |
| Recurring financial income | 75 | €850 | €34,052 | +€33,203 | +3908.1% |
| Financial charges | 65/66B | €5,483 | €5,230 | -€253 | -4.6% |
| Recurring financial charges | 65 | €5,483 | €5,230 | -€253 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€120,862 | €39,654 | +€160,515 | |
| Income taxes | 67/77 | €445 | €536 | +€91 | +20.5% |
| Profit (loss) for the period | 9904 | -€121,307 | €39,117 | +€160,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,307 | €39,117 | +€160,424 |
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 12 October 2026 via checked.be.