HAEX MANAGEMENT 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.
HAEX MANAGEMENT CONSULTING
Largest movements
- Cash +€9,243
up €9,243 (+9.4%), from €98,337 to €107,580
mainly Net result for the year (+€15,556) and Advances received (+€10,120)
- Profit (loss) carried forward +€15,557
up €15,557 (+59.7%), from €26,042 to €41,599
- Other debts -€15,500
down €15,500 (-14.3%), from €108,255 to €92,755
- Advances received +€10,120
up €10,120 (+88.5%), from €11,440 to €21,560
- Gross operating margin -€68,912
down €68,912 (-82.9%), from €83,119 to €14,207
- Turnover -€58,500
down €58,500 (-56.5%), from €103,579 to €45,079
- Financial charges -€30,166
down €30,166 (-98.0%), from €30,771 to €605
of which Non-recurring financial charges: -€30,241
- Purchases and services +€10,412
up €10,412 (+50.9%), from €20,460 to €30,872
- Other operating charges -€3,547
down €3,547 (-83.6%), from €4,243 to €696
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 | €226,658 | €236,642 | +€9,984 | +4.4% |
| Fixed assets | 21/28 | €3,045 | €1,673 | -€1,372 | -45.1% |
| Tangible fixed assets | 22/27 | €3,045 | €1,673 | -€1,372 | -45.1% |
| Furniture and vehicles | 24 | €3,045 | €1,673 | -€1,372 | -45.1% |
| Current assets | 29/58 | €223,614 | €234,969 | +€11,355 | +5.1% |
| Amounts receivable within one year | 40/41 | €9,284 | €11,138 | +€1,854 | +20.0% |
| Other amounts receivable | 41 | €9,284 | €11,138 | +€1,854 | +20.0% |
| Current investments | 50/53 | €115,992 | €116,251 | +€259 | +0.2% |
| Cash at bank and in hand | 54/58 | €98,337 | €107,580 | +€9,243 | +9.4% |
| Total equity and liabilities | 10/49 | €226,658 | €236,642 | +€9,984 | +4.4% |
| Equity | 10/15 | €102,132 | €117,689 | +€15,557 | +15.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €61,090 | €61,090 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €8,924 | €8,924 | +€0 | 0.0% |
| Legal reserve | 130 | €8,924 | €8,924 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €52,166 | €52,166 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €26,042 | €41,599 | +€15,557 | +59.7% |
| Amounts payable | 17/49 | €124,526 | €118,953 | -€5,573 | -4.5% |
| Amounts payable within one year | 42/48 | €124,526 | €118,953 | -€5,573 | -4.5% |
| Trade debts | 44 | €454 | €1,777 | +€1,323 | +292% |
| Suppliers | 440/4 | €454 | €1,777 | +€1,323 | +292% |
| Advances received on contracts in progress | 46 | €11,440 | €21,560 | +€10,120 | +88.5% |
| Taxes, remuneration and social security | 45 | €4,377 | €2,861 | -€1,516 | -34.6% |
| Taxes | 450/3 | €4,377 | €2,861 | -€1,516 | -34.6% |
| Other amounts payable | 47/48 | €108,255 | €92,755 | -€15,500 | -14.3% |
| Turnover | 70 | €103,579 | €45,079 | -€58,500 | -56.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,460 | €30,872 | +€10,412 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €1,372 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,243 | €696 | -€3,547 | -83.6% |
| Gross operating margin | 9900 | €83,119 | €14,207 | -€68,912 | -82.9% |
| Operating profit (loss) | 9901 | €77,504 | €12,139 | -€65,365 | -84.3% |
| Financial income | 75/76B | €2,547 | €4,022 | +€1,475 | +57.9% |
| Recurring financial income | 75 | €2,547 | €4,022 | +€1,475 | +57.9% |
| Financial charges | 65/66B | €30,771 | €605 | -€30,166 | -98.0% |
| Recurring financial charges | 65 | €530 | €605 | +€75 | +14.3% |
| Non-recurring financial charges | 66B | €30,241 | - | -€30,241 | |
| Profit (loss) for the period before taxes | 9903 | €49,280 | €15,556 | -€33,724 | -68.4% |
| Profit (loss) for the period | 9904 | €49,280 | €15,556 | -€33,724 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,280 | €15,556 | -€33,724 | -68.4% |
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 25 October 2026 via checked.be.