Hbr Consult: what changed
Two fiscal 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.
Hbr Consult
Largest movements
- Tangible fixed assets -€13,362
down €13,362 (-2.6%), from €517,957 to €504,594
of which Land and buildings: -€10,101
- Cash +€9,751
up €9,751 (+161.8%), from €6,026 to €15,776
mainly Other debts (+€87,148) and Depreciation (+€24,229)
- Profit (loss) carried forward -€89,104
down €89,104 (-54.2%), from €164,316 to €75,212
- Other debts +€87,148
up €87,148 (+3435.5%), from €2,537 to €89,685
- Debts after one year -€15,619
down €15,619 (-5.6%), from €278,952 to €263,333
- Gross operating margin -€119,781
down €119,781, from €69,712 to -€50,069
- Other operating charges -€47,917
down €47,917 (-95.9%), from €49,989 to €2,072
- Financial charges +€6,280
up €6,280 (+106.1%), from €5,917 to €12,197
- Depreciation +€3,555
up €3,555 (+17.2%), from €20,675 to €24,229
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 | €541,389 | €531,922 | -€9,467 | -1.7% |
| Fixed assets | 21/28 | €517,957 | €504,594 | -€13,362 | -2.6% |
| Tangible fixed assets | 22/27 | €517,957 | €504,594 | -€13,362 | -2.6% |
| Land and buildings | 22 | €485,234 | €475,132 | -€10,101 | -2.1% |
| Plant, machinery and equipment | 23 | €2,153 | €2,390 | +€237 | +11.0% |
| Furniture and vehicles | 24 | €30,570 | €27,073 | -€3,498 | -11.4% |
| Current assets | 29/58 | €23,432 | €27,327 | +€3,895 | +16.6% |
| Amounts receivable within one year | 40/41 | €13,651 | €8,268 | -€5,383 | -39.4% |
| Trade receivables | 40 | €5,524 | €6,226 | +€702 | +12.7% |
| Other amounts receivable | 41 | €8,127 | €2,042 | -€6,086 | -74.9% |
| Cash at bank and in hand | 54/58 | €6,026 | €15,776 | +€9,751 | +161.8% |
| Deferred charges and accrued income | 490/1 | €3,755 | €3,283 | -€472 | -12.6% |
| Total equity and liabilities | 10/49 | €541,389 | €531,922 | -€9,467 | -1.7% |
| Equity | 10/15 | €235,816 | €146,712 | -€89,104 | -37.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €71,400 | €71,400 | = | 0.0% |
| Distributable reserves | 133 | €71,400 | €71,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,316 | €75,212 | -€89,104 | -54.2% |
| Amounts payable | 17/49 | €305,572 | €385,209 | +€79,637 | +26.1% |
| Amounts payable after more than one year | 17 | €278,952 | €263,333 | -€15,619 | -5.6% |
| Financial debts | 170/4 | €278,952 | €263,333 | -€15,619 | -5.6% |
| Amounts payable within one year | 42/48 | €26,620 | €117,502 | +€90,882 | +341.4% |
| Current portion of amounts payable after more than one year | 42 | €14,985 | €15,619 | +€634 | +4.2% |
| Trade debts | 44 | €99 | €3,818 | +€3,719 | +3768.2% |
| Suppliers | 440/4 | €99 | €3,818 | +€3,719 | +3768.2% |
| Taxes, remuneration and social security | 45 | €9,000 | €8,381 | -€619 | -6.9% |
| Taxes | 450/3 | - | €536 | +€536 | |
| Remuneration and social security | 454/9 | €9,000 | €7,845 | -€1,155 | -12.8% |
| Other amounts payable | 47/48 | €2,537 | €89,685 | +€87,148 | +3435.5% |
| Accrued charges and deferred income | 492/3 | - | €4,374 | +€4,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,675 | €24,229 | +€3,555 | +17.2% |
| Other operating charges | 640/8 | €49,989 | €2,072 | -€47,917 | -95.9% |
| Gross operating margin | 9900 | €69,712 | -€50,069 | -€119,781 | |
| Operating profit (loss) | 9901 | -€952 | -€76,371 | -€75,419 | -7922.2% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €5,917 | €12,197 | +€6,280 | +106.1% |
| Recurring financial charges | 65 | €5,917 | €12,197 | +€6,280 | +106.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,864 | -€88,568 | -€81,704 | -1190.4% |
| Income taxes | 67/77 | €189 | €536 | +€347 | +183.5% |
| Profit (loss) for the period | 9904 | -€7,053 | -€89,104 | -€82,051 | -1163.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,053 | -€89,104 | -€82,051 | -1163.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.