H³ Consulting: 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.
H³ Consulting
Largest movements
- Cash +€41,306
up €41,306 (+256.5%), from €16,103 to €57,409
mainly Net result for the year (+€46,487) and Depreciation (+€19,072)
- Tangible fixed assets -€17,419
down €17,419 (-11.5%), from €150,907 to €133,488
- Receivables within one year -€10,782
down €10,782 (-36.0%), from €29,953 to €19,171
of which Trade receivables: -€12,607
- Current investments +€5,130
up €5,130 (+3.4%), from €149,304 to €154,434
- Reserves +€17,493
up €17,493 (+10.2%), from €171,628 to €189,121
- Tax, wage and social debts +€8,550
up €8,550 (+190.2%), from €4,495 to €13,045
- Trade debts -€7,808
down €7,808 (-99.0%), from €7,883 to €75
- Depreciation -€3,201
down €3,201 (-14.4%), from €22,273 to €19,072
- Taxes +€1,470
up €1,470 (+6.9%), from €21,309 to €22,779
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 | €346,267 | €364,502 | +€18,235 | +5.3% |
| Fixed assets | 21/28 | €150,907 | €133,488 | -€17,419 | -11.5% |
| Tangible fixed assets | 22/27 | €150,907 | €133,488 | -€17,419 | -11.5% |
| Land and buildings | 22 | €118,039 | €110,663 | -€7,376 | -6.2% |
| Plant, machinery and equipment | 23 | €3,974 | €1,877 | -€2,097 | -52.8% |
| Furniture and vehicles | 24 | €28,894 | €20,948 | -€7,946 | -27.5% |
| Current assets | 29/58 | €195,360 | €231,014 | +€35,654 | +18.3% |
| Amounts receivable within one year | 40/41 | €29,953 | €19,171 | -€10,782 | -36.0% |
| Trade receivables | 40 | €26,764 | €14,157 | -€12,607 | -47.1% |
| Other amounts receivable | 41 | €3,189 | €5,014 | +€1,825 | +57.2% |
| Current investments | 50/53 | €149,304 | €154,434 | +€5,130 | +3.4% |
| Cash at bank and in hand | 54/58 | €16,103 | €57,409 | +€41,306 | +256.5% |
| Total equity and liabilities | 10/49 | €346,267 | €364,502 | +€18,235 | +5.3% |
| Equity | 10/15 | €183,889 | €201,382 | +€17,493 | +9.5% |
| Contributions | 10/11 | €12,261 | €12,261 | = | 0.0% |
| Reserves | 13 | €171,628 | €189,121 | +€17,493 | +10.2% |
| Distributable reserves | 133 | €171,628 | €189,121 | +€17,493 | +10.2% |
| Amounts payable | 17/49 | €162,378 | €163,120 | +€742 | +0.5% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,378 | €13,120 | +€742 | +6.0% |
| Trade debts | 44 | €7,883 | €75 | -€7,808 | -99.0% |
| Suppliers | 440/4 | €7,883 | €75 | -€7,808 | -99.0% |
| Taxes, remuneration and social security | 45 | €4,495 | €13,045 | +€8,550 | +190.2% |
| Taxes | 450/3 | €4,495 | €13,045 | +€8,550 | +190.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,273 | €19,072 | -€3,201 | -14.4% |
| Other operating charges | 640/8 | €1,001 | €1,204 | +€203 | +20.3% |
| Gross operating margin | 9900 | €81,465 | €81,458 | -€7 | 0.0% |
| Operating profit (loss) | 9901 | €58,191 | €61,182 | +€2,991 | +5.1% |
| Financial income | 75/76B | €10,332 | €9,742 | -€590 | -5.7% |
| Recurring financial income | 75 | €10,332 | €9,742 | -€590 | -5.7% |
| Financial charges | 65/66B | €2,259 | €1,658 | -€601 | -26.6% |
| Recurring financial charges | 65 | €2,259 | €1,658 | -€601 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €66,264 | €69,266 | +€3,002 | +4.5% |
| Income taxes | 67/77 | €21,309 | €22,779 | +€1,470 | +6.9% |
| Profit (loss) for the period | 9904 | €44,955 | €46,487 | +€1,532 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,955 | €46,487 | +€1,532 | +3.4% |
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 4 October 2026 via checked.be.