HBL 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.
HBL Consult
Largest movements
- Cash +€147,908
up €147,908 (+253.2%), from €58,422 to €206,330
mainly Current investments (+€120,012) and Net result for the year (+€41,318)
- Current investments -€120,012
down €120,012 (-80.0%), from €150,000 to €29,988
- Tangible fixed assets -€18,118
down €18,118 (-44.6%), from €40,579 to €22,460
of which Furniture and vehicles: -€15,240
- Reserves +€17,063
up €17,063 (+7.7%), from €222,797 to €239,860
- Current portion of long-term debt -€9,840
down €9,840 (-100.0%), from €9,840 to €0
- Trade debts +€5,750
up €5,750 (+779.2%), from €738 to €6,487
- Tax, wage and social debts -€3,094
down €3,094 (-23.3%), from €13,279 to €10,185
- Gross operating margin -€2,458
down €2,458 (-3.2%), from €76,675 to €74,217
- Financial income +€2,027
up €2,027 (+88.0%), from €2,305 to €4,332
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.
Cash bridge derived
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 | €251,321 | €260,463 | +€9,141 | +3.6% |
| Fixed assets | 21/28 | €40,579 | €22,460 | -€18,118 | -44.6% |
| Tangible fixed assets | 22/27 | €40,579 | €22,460 | -€18,118 | -44.6% |
| Plant, machinery and equipment | 23 | €15,330 | €12,452 | -€2,878 | -18.8% |
| Furniture and vehicles | 24 | €25,248 | €10,008 | -€15,240 | -60.4% |
| Current assets | 29/58 | €210,742 | €238,002 | +€27,260 | +12.9% |
| Amounts receivable within one year | 40/41 | €861 | €1,259 | +€398 | +46.2% |
| Trade receivables | 40 | €0 | €548 | +€548 | |
| Other amounts receivable | 41 | €861 | €711 | -€151 | -17.5% |
| Current investments | 50/53 | €150,000 | €29,988 | -€120,012 | -80.0% |
| Cash at bank and in hand | 54/58 | €58,422 | €206,330 | +€147,908 | +253.2% |
| Deferred charges and accrued income | 490/1 | €1,459 | €426 | -€1,034 | -70.8% |
| Total equity and liabilities | 10/49 | €251,321 | €260,463 | +€9,141 | +3.6% |
| Equity | 10/15 | €225,297 | €242,360 | +€17,063 | +7.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €222,797 | €239,860 | +€17,063 | +7.7% |
| Distributable reserves | 133 | €222,797 | €239,860 | +€17,063 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,024 | €18,103 | -€7,921 | -30.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,856 | €16,672 | -€7,184 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €9,840 | €0 | -€9,840 | -100.0% |
| Trade debts | 44 | €738 | €6,487 | +€5,750 | +779.2% |
| Suppliers | 440/4 | €738 | €6,487 | +€5,750 | +779.2% |
| Taxes, remuneration and social security | 45 | €13,279 | €10,185 | -€3,094 | -23.3% |
| Taxes | 450/3 | €13,279 | €10,185 | -€3,094 | -23.3% |
| Accrued charges and deferred income | 492/3 | €2,168 | €1,430 | -€737 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,948 | €18,118 | +€170 | +0.9% |
| Other operating charges | 640/8 | €1,091 | €1,056 | -€34 | -3.1% |
| Gross operating margin | 9900 | €76,675 | €74,217 | -€2,458 | -3.2% |
| Operating profit (loss) | 9901 | €57,636 | €55,042 | -€2,594 | -4.5% |
| Financial income | 75/76B | €2,305 | €4,332 | +€2,027 | +88.0% |
| Recurring financial income | 75 | €2,305 | €4,332 | +€2,027 | +88.0% |
| Financial charges | 65/66B | €279 | €112 | -€168 | -60.1% |
| Recurring financial charges | 65 | €279 | €112 | -€168 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €59,661 | €59,263 | -€399 | -0.7% |
| Income taxes | 67/77 | €18,083 | €17,944 | -€138 | -0.8% |
| Profit (loss) for the period | 9904 | €41,579 | €41,318 | -€261 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,579 | €41,318 | -€261 | -0.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.