Hades 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.
Hades Consulting
Largest movements
- Financial fixed assets +€115,419
up €115,419 (+5,496%), from €2,100 to €117,519
- Debts after one year +€145,907
up €145,907 (+45.7%), from €319,096 to €465,003
- Other debts -€80,692
down €80,692 (-96.3%), from €83,826 to €3,134
- Current portion of long-term debt +€29,256
up €29,256 (+19.5%), from €150,292 to €179,548
- Reserves +€11,242
up €11,242 (+179%), from €6,286 to €17,528
- Gross operating margin +€16,996
up €16,996 (+38.6%), from €44,038 to €61,034
- Taxes +€4,248
up €4,248 (+263%), from €1,617 to €5,865
- Other operating charges +€1,164
up €1,164 (+36.5%), from €3,192 to €4,356
- Financial charges +€758
up €758 (+3.8%), from €19,754 to €20,512
of which Financial charges: +€783
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 | €571,341 | €682,769 | +€111,428 | +19.5% |
| Fixed assets | 21/28 | €535,124 | €643,822 | +€108,698 | +20.3% |
| Tangible fixed assets | 22/27 | €533,024 | €526,303 | -€6,721 | -1.3% |
| Land and buildings | 22 | €528,095 | €512,698 | -€15,396 | -2.9% |
| Plant, machinery and equipment | 23 | €2,253 | €1,561 | -€693 | -30.7% |
| Furniture and vehicles | 24 | €929 | €6,562 | +€5,633 | +606% |
| Other tangible fixed assets | 26 | €1,747 | €5,482 | +€3,735 | +214% |
| Financial fixed assets | 28 | €2,100 | €117,519 | +€115,419 | +5,496% |
| Current assets | 29/58 | €36,217 | €38,947 | +€2,729 | +7.5% |
| Amounts receivable within one year | 40/41 | €16,335 | €23,142 | +€6,807 | +41.7% |
| Trade receivables | 40 | €16,335 | €23,142 | +€6,807 | +41.7% |
| Cash at bank and in hand | 54/58 | €18,503 | €13,953 | -€4,550 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,380 | €1,852 | +€472 | +34.2% |
| Total equity and liabilities | 10/49 | €571,341 | €682,769 | +€111,428 | +19.5% |
| Equity | 10/15 | €12,496 | €23,738 | +€11,242 | +90.0% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €6,286 | €17,528 | +€11,242 | +179% |
| Distributable reserves | 133 | €6,286 | €17,528 | +€11,242 | +179% |
| Amounts payable | 17/49 | €558,845 | €659,031 | +€100,186 | +17.9% |
| Amounts payable after more than one year | 17 | €319,096 | €465,003 | +€145,907 | +45.7% |
| Financial debts | 170/4 | €319,096 | €465,003 | +€145,907 | +45.7% |
| Amounts payable within one year | 42/48 | €239,749 | €193,641 | -€46,107 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €150,292 | €179,548 | +€29,256 | +19.5% |
| Trade debts | 44 | €1,463 | €1,846 | +€383 | +26.2% |
| Suppliers | 440/4 | €1,463 | €1,846 | +€383 | +26.2% |
| Taxes, remuneration and social security | 45 | €4,167 | €9,114 | +€4,946 | +119% |
| Taxes | 450/3 | €4,167 | €9,114 | +€4,946 | +119% |
| Other amounts payable | 47/48 | €83,826 | €3,134 | -€80,692 | -96.3% |
| Accrued charges and deferred income | 492/3 | - | €386 | +€386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,730 | €18,901 | +€171 | +0.9% |
| Other operating charges | 640/8 | €3,192 | €4,356 | +€1,164 | +36.5% |
| Non-recurring operating charges | 66A | €686 | €200 | -€486 | -70.8% |
| Gross operating margin | 9900 | €44,038 | €61,034 | +€16,996 | +38.6% |
| Operating profit (loss) | 9901 | €21,431 | €37,577 | +€16,147 | +75.3% |
| Financial income | 75/76B | €2 | €41 | +€39 | +1,754% |
| Recurring financial income | 75 | €2 | €41 | +€39 | +1,754% |
| Financial charges | 65/66B | €19,754 | €20,512 | +€758 | +3.8% |
| Recurring financial charges | 65 | €19,729 | €20,512 | +€783 | +4.0% |
| Non-recurring financial charges | 66B | €25 | - | -€25 | |
| Profit (loss) for the period before taxes | 9903 | €1,679 | €17,107 | +€15,427 | +919% |
| Income taxes | 67/77 | €1,617 | €5,865 | +€4,248 | +263% |
| Profit (loss) for the period | 9904 | €63 | €11,242 | +€11,179 | +17,858% |
| Profit (loss) for the period to be appropriated | 9905 | €63 | €11,242 | +€11,179 | +17,858% |
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 29 October 2026 via checked.be.