H.D.V. 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.
What changed
H.D.V. Consult
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,074
2024 · €1,333+€2,741
Equity
€414,777
2024 · €410,703+€4,074
Cash
€89,955
2024 · €87,675+€2,280
Balance sheet total
€467,733
2024 · €450,921+€16,813
Largest movements
Assets
- Current investments -€25,000
down €25,000 (-9.1%), from €275,000 to €250,000
- Deferred charges and accrued income +€22,681
up €22,681 (+601%), from €3,772 to €26,454
- Stocks and contracts +€15,057
up €15,057 (+63.7%), from €23,650 to €38,707
Equity and liabilities
- Trade debts +€9,975
up €9,975 (+62.4%), from €15,981 to €25,956
Income statement
- Depreciation -€8,383
down €8,383 (-45.8%), from €18,300 to €9,918
- Gross operating margin -€5,348
down €5,348 (-39.1%), from €13,660 to €8,312
- Financial income +€749
up €749 (+8.9%), from €8,380 to €9,129
- Taxes +€530
up €530 (+119%), from €444 to €974
- Financial charges +€388
up €388 (+41.2%), from €941 to €1,330
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.
Result 2024
€1,333
Gross operating margin
-€5,348
Depreciation
+€8,383
Other operating charges
-€125
Financial income
+€749
Financial charges
-€388
Taxes
-€530
Result 2025
€4,074
raises the resultlowers the result
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.
From operations
-€8,792
Investment
+€11,072
Financing
€0
Cash 2024
€87,675
From operations (derived)
-€8,792
Net result for the year
+€4,074
Depreciation
+€9,918
Stocks and contracts
-€15,057
Receivables within one year
+€2,216
Deferred charges and accrued income
-€22,681
Trade debts
+€9,975
Tax, wage and social debts
-€795
Other debts
+€2,402
Accrued charges and deferred income
+€1,157
Investment (derived)
+€11,072
Investment in fixed assets (net)
-€13,928
Current investments
+€25,000
Cash 2025
€89,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,921 | €467,733 | +€16,813 | +3.7% |
| Fixed assets | 21/28 | €43,308 | €47,319 | +€4,011 | +9.3% |
| Tangible fixed assets | 22/27 | €43,233 | €47,244 | +€4,011 | +9.3% |
| Land and buildings | 22 | €32,288 | €25,938 | -€6,350 | -19.7% |
| Plant, machinery and equipment | 23 | €3,945 | €4,435 | +€490 | +12.4% |
| Furniture and vehicles | 24 | €0 | €1,181 | +€1,181 | |
| Other tangible fixed assets | 26 | €7,000 | €15,690 | +€8,690 | +124% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €407,612 | €420,415 | +€12,802 | +3.1% |
| Stocks and contracts in progress | 3 | €23,650 | €38,707 | +€15,057 | +63.7% |
| Stocks | 30/36 | €23,650 | €38,707 | +€15,057 | +63.7% |
| Amounts receivable within one year | 40/41 | €17,515 | €15,299 | -€2,216 | -12.7% |
| Trade receivables | 40 | €14,661 | €10,172 | -€4,489 | -30.6% |
| Other amounts receivable | 41 | €2,855 | €5,127 | +€2,272 | +79.6% |
| Current investments | 50/53 | €275,000 | €250,000 | -€25,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €87,675 | €89,955 | +€2,280 | +2.6% |
| Deferred charges and accrued income | 490/1 | €3,772 | €26,454 | +€22,681 | +601% |
| Total equity and liabilities | 10/49 | €450,921 | €467,733 | +€16,813 | +3.7% |
| Equity | 10/15 | €410,703 | €414,777 | +€4,074 | +1.0% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €60,452 | €60,452 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €39,000 | €39,000 | = | 0.0% |
| Distributable reserves | 133 | €21,452 | €21,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | €337,845 | €341,919 | +€4,074 | +1.2% |
| Amounts payable | 17/49 | €40,218 | €52,956 | +€12,739 | +31.7% |
| Amounts payable within one year | 42/48 | €33,016 | €44,598 | +€11,581 | +35.1% |
| Trade debts | 44 | €15,981 | €25,956 | +€9,975 | +62.4% |
| Suppliers | 440/4 | €15,981 | €25,956 | +€9,975 | +62.4% |
| Taxes, remuneration and social security | 45 | €853 | €58 | -€795 | -93.2% |
| Taxes | 450/3 | €853 | €58 | -€795 | -93.2% |
| Other amounts payable | 47/48 | €16,182 | €18,584 | +€2,402 | +14.8% |
| Accrued charges and deferred income | 492/3 | €7,201 | €8,359 | +€1,157 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,300 | €9,918 | -€8,383 | -45.8% |
| Other operating charges | 640/8 | €1,021 | €1,146 | +€125 | +12.2% |
| Gross operating margin | 9900 | €13,660 | €8,312 | -€5,348 | -39.1% |
| Operating profit (loss) | 9901 | -€5,661 | -€2,751 | +€2,910 | +51.4% |
| Financial income | 75/76B | €8,380 | €9,129 | +€749 | +8.9% |
| Recurring financial income | 75 | €8,380 | €9,129 | +€749 | +8.9% |
| Financial charges | 65/66B | €941 | €1,330 | +€388 | +41.2% |
| Recurring financial charges | 65 | €941 | €1,330 | +€388 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €1,777 | €5,048 | +€3,271 | +184% |
| Income taxes | 67/77 | €444 | €974 | +€530 | +119% |
| Profit (loss) for the period | 9904 | €1,333 | €4,074 | +€2,741 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €1,333 | €4,074 | +€2,741 | +206% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.