HADDOCK CONSULTING & ADVISORY: 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.
HADDOCK CONSULTING & ADVISORY
Largest movements
- Receivables after one year -€160,000
down €160,000 (-100%), from €160,000 to €0
- Cash +€35,730
up €35,730 (+132%), from €27,050 to €62,779
mainly Receivables after one year (+€160,000) and Net result for the year (+€89,770)
- Current investments -€8,513
down €8,513 (-100%), from €8,513 to €0
- Receivables within one year -€5,028
down €5,028 (-12.9%), from €38,846 to €33,818
of which Trade receivables: -€5,649
- Deferred charges and accrued income +€3,269
up €3,269 (+162%), from €2,020 to €5,289
- Reserves -€148,371
down €148,371 (-99.3%), from €149,416 to €1,044
of which Distributable reserves: -€148,371
- Other debts +€13,787
up €13,787 (+18.1%), from €75,983 to €89,770
- Gross operating margin +€24,294
up €24,294 (+26.7%), from €91,009 to €115,303
- Taxes +€5,192
up €5,192 (+27.2%), from €19,058 to €24,250
- Other operating charges +€3,030
up €3,030 (+600%), from €505 to €3,536
- Financial income -€2,315
down €2,315 (-24.5%), from €9,432 to €7,117
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 | €242,105 | €105,926 | -€136,179 | -56.2% |
| Fixed assets | 21/28 | €5,676 | €4,040 | -€1,637 | -28.8% |
| Tangible fixed assets | 22/27 | €5,676 | €4,040 | -€1,637 | -28.8% |
| Furniture and vehicles | 24 | €5,676 | €4,040 | -€1,637 | -28.8% |
| Current assets | 29/58 | €236,428 | €101,886 | -€134,542 | -56.9% |
| Amounts receivable after more than one year | 29 | €160,000 | €0 | -€160,000 | -100% |
| Other amounts receivable | 291 | €160,000 | €0 | -€160,000 | -100% |
| Amounts receivable within one year | 40/41 | €38,846 | €33,818 | -€5,028 | -12.9% |
| Trade receivables | 40 | €18,717 | €13,068 | -€5,649 | -30.2% |
| Other amounts receivable | 41 | €20,129 | €20,750 | +€621 | +3.1% |
| Current investments | 50/53 | €8,513 | €0 | -€8,513 | -100% |
| Cash at bank and in hand | 54/58 | €27,050 | €62,779 | +€35,730 | +132% |
| Deferred charges and accrued income | 490/1 | €2,020 | €5,289 | +€3,269 | +162% |
| Total equity and liabilities | 10/49 | €242,105 | €105,926 | -€136,179 | -56.2% |
| Equity | 10/15 | €153,416 | €5,044 | -€148,372 | -96.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €149,416 | €1,044 | -€148,371 | -99.3% |
| Tax-exempt reserves | 132 | €1,044 | €1,044 | = | 0.0% |
| Distributable reserves | 133 | €148,371 | €0 | -€148,371 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100% |
| Amounts payable | 17/49 | €88,689 | €100,882 | +€12,193 | +13.7% |
| Amounts payable within one year | 42/48 | €88,689 | €100,882 | +€12,193 | +13.7% |
| Trade debts | 44 | €1,519 | €27 | -€1,492 | -98.2% |
| Suppliers | 440/4 | €1,519 | €27 | -€1,492 | -98.2% |
| Taxes, remuneration and social security | 45 | €11,187 | €11,084 | -€102 | -0.9% |
| Taxes | 450/3 | €11,187 | €11,084 | -€102 | -0.9% |
| Other amounts payable | 47/48 | €75,983 | €89,770 | +€13,787 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,855 | €3,307 | +€453 | +15.9% |
| Other operating charges | 640/8 | €505 | €3,536 | +€3,030 | +600% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,009 | €115,303 | +€24,294 | +26.7% |
| Operating profit (loss) | 9901 | €87,648 | €108,460 | +€20,811 | +23.7% |
| Financial income | 75/76B | €9,432 | €7,117 | -€2,315 | -24.5% |
| Recurring financial income | 75 | €9,432 | €7,117 | -€2,315 | -24.5% |
| Financial charges | 65/66B | €2,045 | €1,557 | -€488 | -23.9% |
| Recurring financial charges | 65 | €2,045 | €1,557 | -€488 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €95,036 | €114,020 | +€18,984 | +20.0% |
| Income taxes | 67/77 | €19,058 | €24,250 | +€5,192 | +27.2% |
| Profit (loss) for the period | 9904 | €75,978 | €89,770 | +€13,792 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,978 | €89,770 | +€13,792 | +18.2% |
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 26 October 2026 via checked.be.