H GLOBAL 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 GLOBAL CONSULTING
Largest movements
- Tangible fixed assets +€67,470
up €67,470 (+54.6%), from €123,668 to €191,137
of which Furniture and vehicles: +€66,534
- Receivables within one year -€5,551
down €5,551 (-26.2%), from €21,194 to €15,643
of which Trade receivables: -€3,348
- Debts after one year +€58,956
new in 2025: €58,956
- Current portion of long-term debt +€6,434
up €6,434 (+50.9%), from €12,645 to €19,079
- Profit (loss) carried forward -€4,354
down €4,354 (-3.3%), from €133,693 to €129,339
- Gross operating margin +€9,910
up €9,910 (+12.3%), from €80,400 to €90,309
- Other operating charges -€4,633
down €4,633 (-72.6%), from €6,384 to €1,751
- Depreciation +€2,787
up €2,787 (+9.2%), from €30,343 to €33,130
- Taxes +€2,626
up €2,626 (+20.4%), from €12,892 to €15,518
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 | €194,971 | €257,063 | +€62,093 | +31.8% |
| Fixed assets | 21/28 | €123,843 | €191,312 | +€67,470 | +54.5% |
| Tangible fixed assets | 22/27 | €123,668 | €191,137 | +€67,470 | +54.6% |
| Furniture and vehicles | 24 | €114,861 | €181,395 | +€66,534 | +57.9% |
| Other tangible fixed assets | 26 | €8,807 | €9,743 | +€936 | +10.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €71,128 | €65,751 | -€5,377 | -7.6% |
| Amounts receivable within one year | 40/41 | €21,194 | €15,643 | -€5,551 | -26.2% |
| Trade receivables | 40 | €18,453 | €15,105 | -€3,348 | -18.1% |
| Other amounts receivable | 41 | €2,741 | €538 | -€2,203 | -80.4% |
| Cash at bank and in hand | 54/58 | €46,976 | €46,878 | -€98 | -0.2% |
| Deferred charges and accrued income | 490/1 | €2,957 | €3,230 | +€272 | +9.2% |
| Total equity and liabilities | 10/49 | €194,971 | €257,063 | +€62,093 | +31.8% |
| Equity | 10/15 | €143,693 | €139,339 | -€4,354 | -3.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,693 | €129,339 | -€4,354 | -3.3% |
| Amounts payable | 17/49 | €51,277 | €117,724 | +€66,447 | +130% |
| Amounts payable after more than one year | 17 | - | €58,956 | +€58,956 | |
| Financial debts | 170/4 | - | €58,956 | +€58,956 | |
| Amounts payable within one year | 42/48 | €50,877 | €58,768 | +€7,891 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €12,645 | €19,079 | +€6,434 | +50.9% |
| Trade debts | 44 | €1,284 | €1,165 | -€119 | -9.3% |
| Suppliers | 440/4 | €1,284 | €1,165 | -€119 | -9.3% |
| Taxes, remuneration and social security | 45 | €6,359 | €6,084 | -€274 | -4.3% |
| Taxes | 450/3 | €6,359 | €4,130 | -€2,229 | -35.1% |
| Remuneration and social security | 454/9 | - | €1,955 | +€1,955 | |
| Other amounts payable | 47/48 | €30,590 | €32,440 | +€1,850 | +6.0% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,343 | €33,130 | +€2,787 | +9.2% |
| Other operating charges | 640/8 | €6,384 | €1,751 | -€4,633 | -72.6% |
| Non-recurring operating charges | 66A | €11,035 | - | -€11,035 | |
| Gross operating margin | 9900 | €80,400 | €90,309 | +€9,910 | +12.3% |
| Operating profit (loss) | 9901 | €32,639 | €55,429 | +€22,790 | +69.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9,900% |
| Financial charges | 65/66B | €874 | €736 | -€138 | -15.8% |
| Recurring financial charges | 65 | €874 | €736 | -€138 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €31,765 | €54,694 | +€22,929 | +72.2% |
| Income taxes | 67/77 | €12,892 | €15,518 | +€2,626 | +20.4% |
| Profit (loss) for the period | 9904 | €18,872 | €39,176 | +€20,303 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €18,872 | €39,176 | +€20,303 | +108% |
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 28 October 2026 via checked.be.