HaDé 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.
HaDé Consult
Largest movements
- Cash -€34,142
down €34,142 (-37.9%), from €90,098 to €55,956
mainly Contributions, distributions and other (-€43,825) and Tax, wage and social debts (-€830)
- Receivables within one year -€1,793
down €1,793 (-39.5%), from €4,542 to €2,749
of which Other amounts receivable: -€1,046
- Contributions -€20,460
no longer reported in 2025 (was €20,460)
- Reserves -€17,679
down €17,679 (-36.5%), from €48,409 to €30,730
- Other debts +€2,728
up €2,728 (+10.5%), from €25,858 to €28,586
- Gross operating margin +€3,825
up €3,825 (+55.5%), from €6,893 to €10,717
- Financial income -€1,711
down €1,711 (-100.0%), from €1,711 to €0
- Taxes +€714
up €714 (+20.0%), from €3,568 to €4,283
- Depreciation -€518
down €518 (-48.3%), from €1,073 to €554
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 | €95,847 | €59,358 | -€36,489 | -38.1% |
| Fixed assets | 21/28 | €1,207 | €653 | -€554 | -45.9% |
| Tangible fixed assets | 22/27 | €1,207 | €653 | -€554 | -45.9% |
| Furniture and vehicles | 24 | €1,207 | €653 | -€554 | -45.9% |
| Current assets | 29/58 | €94,639 | €58,705 | -€35,934 | -38.0% |
| Amounts receivable within one year | 40/41 | €4,542 | €2,749 | -€1,793 | -39.5% |
| Trade receivables | 40 | €746 | - | -€746 | |
| Other amounts receivable | 41 | €3,795 | €2,749 | -€1,046 | -27.6% |
| Cash at bank and in hand | 54/58 | €90,098 | €55,956 | -€34,142 | -37.9% |
| Total equity and liabilities | 10/49 | €95,847 | €59,358 | -€36,489 | -38.1% |
| Equity | 10/15 | €68,869 | €30,730 | -€38,139 | -55.4% |
| Contributions | 10/11 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €48,409 | €30,730 | -€17,679 | -36.5% |
| Distributable reserves | 133 | €48,409 | €30,730 | -€17,679 | -36.5% |
| Amounts payable | 17/49 | €26,978 | €28,628 | +€1,650 | +6.1% |
| Amounts payable within one year | 42/48 | €26,978 | €28,628 | +€1,650 | +6.1% |
| Trade debts | 44 | €290 | €43 | -€247 | -85.3% |
| Suppliers | 440/4 | €290 | €43 | -€247 | -85.3% |
| Taxes, remuneration and social security | 45 | €830 | - | -€830 | |
| Taxes | 450/3 | €830 | - | -€830 | |
| Other amounts payable | 47/48 | €25,858 | €28,586 | +€2,728 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073 | €554 | -€518 | -48.3% |
| Gross operating margin | 9900 | €6,893 | €10,717 | +€3,825 | +55.5% |
| Operating profit (loss) | 9901 | €5,820 | €10,163 | +€4,343 | +74.6% |
| Financial income | 75/76B | €1,711 | €0 | -€1,711 | -100.0% |
| Recurring financial income | 75 | €1,711 | €0 | -€1,711 | -100.0% |
| Financial charges | 65/66B | €162 | €194 | +€32 | +20.0% |
| Recurring financial charges | 65 | €162 | €194 | +€32 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €7,370 | €9,969 | +€2,599 | +35.3% |
| Income taxes | 67/77 | €3,568 | €4,283 | +€714 | +20.0% |
| Profit (loss) for the period | 9904 | €3,801 | €5,686 | +€1,885 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,801 | €5,686 | +€1,885 | +49.6% |
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 13 October 2026 via checked.be.