H.O. 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.O. Consult
Largest movements
- Stocks and contracts -€9,459
down €9,459 (-49.6%), from €19,069 to €9,610
- Tangible fixed assets -€7,280
down €7,280 (-36.1%), from €20,186 to €12,906
of which Furniture and vehicles: -€5,007
- Receivables within one year -€5,128
down €5,128 (-26.9%), from €19,042 to €13,914
of which Trade receivables: -€7,797
- Cash +€1,806
up €1,806 (+44.4%), from €4,071 to €5,877
mainly Stocks and contracts (+€9,459) and Depreciation (+€7,280)
- Deferred charges and accrued income +€1,043
up €1,043 (+602%), from €173 to €1,216
- Profit (loss) carried forward -€13,483
down €13,483 (-88.1%), from -€15,310 to -€28,793
- Debts after one year -€5,162
no longer reported in 2025 (was €5,162)
- Other debts +€3,708
up €3,708 (+6.8%), from €54,449 to €58,157
- Current portion of long-term debt -€3,418
down €3,418 (-39.8%), from €8,580 to €5,162
- Tax, wage and social debts -€1,611
down €1,611 (-46.0%), from €3,504 to €1,893
of which Taxes: -€2,341
- Gross operating margin +€21,065
up €21,065, from -€13,178 to €7,887
- Staff costs +€5,710
new in 2025: €5,710
- Other operating charges +€3,392
up €3,392 (+178%), from €1,902 to €5,294
- Financial charges +€2,205
up €2,205 (+319%), from €691 to €2,896
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 | €62,541 | €43,523 | -€19,018 | -30.4% |
| Fixed assets | 21/28 | €20,186 | €12,906 | -€7,280 | -36.1% |
| Tangible fixed assets | 22/27 | €20,186 | €12,906 | -€7,280 | -36.1% |
| Furniture and vehicles | 24 | €11,908 | €6,902 | -€5,007 | -42.0% |
| Other tangible fixed assets | 26 | €8,277 | €6,004 | -€2,273 | -27.5% |
| Current assets | 29/58 | €42,355 | €30,617 | -€11,738 | -27.7% |
| Stocks and contracts in progress | 3 | €19,069 | €9,610 | -€9,459 | -49.6% |
| Stocks | 30/36 | €19,069 | €9,610 | -€9,459 | -49.6% |
| Amounts receivable within one year | 40/41 | €19,042 | €13,914 | -€5,128 | -26.9% |
| Trade receivables | 40 | €14,035 | €6,238 | -€7,797 | -55.6% |
| Other amounts receivable | 41 | €5,007 | €7,677 | +€2,670 | +53.3% |
| Cash at bank and in hand | 54/58 | €4,071 | €5,877 | +€1,806 | +44.4% |
| Deferred charges and accrued income | 490/1 | €173 | €1,216 | +€1,043 | +602% |
| Total equity and liabilities | 10/49 | €62,541 | €43,523 | -€19,018 | -30.4% |
| Equity | 10/15 | -€10,310 | -€23,793 | -€13,483 | -131% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,310 | -€28,793 | -€13,483 | -88.1% |
| Amounts payable | 17/49 | €72,851 | €67,316 | -€5,535 | -7.6% |
| Amounts payable after more than one year | 17 | €5,162 | - | -€5,162 | |
| Financial debts | 170/4 | €5,162 | - | -€5,162 | |
| Amounts payable within one year | 42/48 | €67,689 | €67,316 | -€373 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,580 | €5,162 | -€3,418 | -39.8% |
| Trade debts | 44 | €1,156 | €2,105 | +€949 | +82.1% |
| Suppliers | 440/4 | €1,156 | €2,105 | +€949 | +82.1% |
| Taxes, remuneration and social security | 45 | €3,504 | €1,893 | -€1,611 | -46.0% |
| Taxes | 450/3 | €3,504 | €1,162 | -€2,341 | -66.8% |
| Remuneration and social security | 454/9 | - | €730 | +€730 | |
| Other amounts payable | 47/48 | €54,449 | €58,157 | +€3,708 | +6.8% |
| Remuneration, social security and pensions | 62 | - | €5,710 | +€5,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,280 | €7,280 | = | 0.0% |
| Other operating charges | 640/8 | €1,902 | €5,294 | +€3,392 | +178% |
| Gross operating margin | 9900 | -€13,178 | €7,887 | +€21,065 | |
| Operating profit (loss) | 9901 | -€22,359 | -€10,397 | +€11,963 | +53.5% |
| Financial income | 75/76B | €100 | €7 | -€93 | -92.9% |
| Recurring financial income | 75 | €100 | €7 | -€93 | -92.9% |
| Financial charges | 65/66B | €691 | €2,896 | +€2,205 | +319% |
| Recurring financial charges | 65 | €691 | €2,896 | +€2,205 | +319% |
| Profit (loss) for the period before taxes | 9903 | -€22,951 | -€13,286 | +€9,665 | +42.1% |
| Income taxes | 67/77 | €128 | €198 | +€70 | +54.3% |
| Profit (loss) for the period | 9904 | -€23,079 | -€13,483 | +€9,595 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,079 | -€13,483 | +€9,595 | +41.6% |
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 20 October 2026 via checked.be.