HBO 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.
HBO CONSULT
Largest movements
- Tangible fixed assets +€6,921
new in 2025: €6,921
- Cash -€2,144
down €2,144 (-13.8%), from €15,551 to €13,406
mainly Investment in fixed assets (net) (-€7,739) and Deferred charges and accrued income (-€2,004)
- Deferred charges and accrued income +€2,004
new in 2025: €2,004
- Tax, wage and social debts +€5,650
up €5,650 (+58.7%), from €9,633 to €15,283
of which Taxes: +€5,498
- Trade debts +€723
up €723 (+361%), from €200 to €923
- Profit (loss) carried forward +€508
up €508 (+3.5%), from €14,455 to €14,963
- Gross operating margin -€12,861
down €12,861 (-70.5%), from €18,252 to €5,392
- Financial charges +€1,123
up €1,123 (+6,240%), from €18 to €1,141
- Taxes -€1,015
down €1,015 (-27.2%), from €3,730 to €2,714
- Depreciation +€819
new in 2025: €819
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 | €27,288 | €34,168 | +€6,881 | +25.2% |
| Fixed assets | 21/28 | - | €6,921 | +€6,921 | |
| Tangible fixed assets | 22/27 | - | €6,921 | +€6,921 | |
| Furniture and vehicles | 24 | - | €6,921 | +€6,921 | |
| Current assets | 29/58 | €27,288 | €27,248 | -€40 | -0.1% |
| Amounts receivable within one year | 40/41 | €11,737 | €11,837 | +€100 | +0.9% |
| Trade receivables | 40 | €11,737 | €11,737 | = | 0.0% |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €15,551 | €13,406 | -€2,144 | -13.8% |
| Deferred charges and accrued income | 490/1 | - | €2,004 | +€2,004 | |
| Total equity and liabilities | 10/49 | €27,288 | €34,168 | +€6,881 | +25.2% |
| Equity | 10/15 | €17,455 | €17,963 | +€508 | +2.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,455 | €14,963 | +€508 | +3.5% |
| Amounts payable | 17/49 | €9,833 | €16,206 | +€6,373 | +64.8% |
| Amounts payable within one year | 42/48 | €9,833 | €16,206 | +€6,373 | +64.8% |
| Trade debts | 44 | €200 | €923 | +€723 | +361% |
| Suppliers | 440/4 | €200 | €923 | +€723 | +361% |
| Taxes, remuneration and social security | 45 | €9,633 | €15,283 | +€5,650 | +58.7% |
| Taxes | 450/3 | €9,633 | €15,131 | +€5,498 | +57.1% |
| Remuneration and social security | 454/9 | - | €152 | +€152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €819 | +€819 | |
| Other operating charges | 640/8 | €50 | €217 | +€167 | +334% |
| Gross operating margin | 9900 | €18,252 | €5,392 | -€12,861 | -70.5% |
| Operating profit (loss) | 9901 | €18,202 | €4,356 | -€13,846 | -76.1% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €18 | €1,141 | +€1,123 | +6,240% |
| Recurring financial charges | 65 | €18 | €1,141 | +€1,123 | +6,240% |
| Profit (loss) for the period before taxes | 9903 | €18,184 | €3,222 | -€14,962 | -82.3% |
| Income taxes | 67/77 | €3,730 | €2,714 | -€1,015 | -27.2% |
| Profit (loss) for the period | 9904 | €14,455 | €508 | -€13,947 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,455 | €508 | -€13,947 | -96.5% |
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 15 October 2026 via checked.be.