HBS 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.
HBS Consulting
Largest movements
- Cash +€197,703
up €197,703 (+46.4%), from €426,344 to €624,047
mainly Receivables within one year (+€186,702) and Net result for the year (+€183,386)
- Receivables within one year -€186,702
down €186,702 (-63.7%), from €293,190 to €106,488
of which Trade receivables: -€200,871
- Tax, wage and social debts +€98,443
up €98,443 (+40.7%), from €241,935 to €340,379
of which Taxes: +€66,325
- Other debts -€92,341
down €92,341 (-28.5%), from €323,908 to €231,568
- Trade debts -€33,173
down €33,173 (-59.4%), from €55,822 to €22,650
- Current portion of long-term debt +€30,000
up €30,000 (+360%), from €8,333 to €38,333
- Profit (loss) carried forward +€8,386
up €8,386 (+9.8%), from €85,939 to €94,325
- Staff costs +€145,662
up €145,662 (+12.6%), from €1.2m to €1.3m
- Taxes -€39,992
down €39,992 (-34.4%), from €116,294 to €76,303
- Gross operating margin -€33,514
down €33,514 (-2.1%), from €1.6m to €1.6m
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 | €724,738 | €736,054 | +€11,316 | +1.6% |
| Formation expenses | 20 | €223 | - | -€223 | |
| Fixed assets | 21/28 | €4,981 | €5,519 | +€538 | +10.8% |
| Tangible fixed assets | 22/27 | €4,981 | €5,519 | +€538 | +10.8% |
| Plant, machinery and equipment | 23 | €1,594 | €1,509 | -€85 | -5.3% |
| Furniture and vehicles | 24 | €3,387 | €4,010 | +€623 | +18.4% |
| Current assets | 29/58 | €719,534 | €730,535 | +€11,001 | +1.5% |
| Amounts receivable within one year | 40/41 | €293,190 | €106,488 | -€186,702 | -63.7% |
| Trade receivables | 40 | €293,190 | €92,320 | -€200,871 | -68.5% |
| Other amounts receivable | 41 | - | €14,168 | +€14,168 | |
| Cash at bank and in hand | 54/58 | €426,344 | €624,047 | +€197,703 | +46.4% |
| Total equity and liabilities | 10/49 | €724,738 | €736,054 | +€11,316 | +1.6% |
| Equity | 10/15 | €94,739 | €103,125 | +€8,386 | +8.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | €8,000 | = | 0.0% |
| Issued capital | 100 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Legal reserve | 130 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,939 | €94,325 | +€8,386 | +9.8% |
| Amounts payable | 17/49 | €629,999 | €632,929 | +€2,930 | +0.5% |
| Amounts payable within one year | 42/48 | €629,999 | €632,929 | +€2,930 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €38,333 | +€30,000 | +360% |
| Trade debts | 44 | €55,822 | €22,650 | -€33,173 | -59.4% |
| Suppliers | 440/4 | €55,822 | €22,650 | -€33,173 | -59.4% |
| Taxes, remuneration and social security | 45 | €241,935 | €340,379 | +€98,443 | +40.7% |
| Taxes | 450/3 | €94,956 | €161,281 | +€66,325 | +69.8% |
| Remuneration and social security | 454/9 | €146,979 | €179,098 | +€32,118 | +21.9% |
| Other amounts payable | 47/48 | €323,908 | €231,568 | -€92,341 | -28.5% |
| Remuneration, social security and pensions | 62 | €1,155,211 | €1,300,873 | +€145,662 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,803 | €3,608 | +€805 | +28.7% |
| Other operating charges | 640/8 | €1,097 | €1,131 | +€34 | +3.1% |
| Gross operating margin | 9900 | €1,599,737 | €1,566,222 | -€33,514 | -2.1% |
| Operating profit (loss) | 9901 | €440,626 | €260,611 | -€180,016 | -40.9% |
| Financial income | 75/76B | €1 | €1,379 | +€1,378 | +137,795% |
| Recurring financial income | 75 | €1 | €1,379 | +€1,378 | +137,795% |
| Financial charges | 65/66B | €1,554 | €2,301 | +€747 | +48.1% |
| Recurring financial charges | 65 | €1,554 | €2,301 | +€747 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €439,073 | €259,688 | -€179,385 | -40.9% |
| Income taxes | 67/77 | €116,294 | €76,303 | -€39,992 | -34.4% |
| Profit (loss) for the period | 9904 | €322,779 | €183,386 | -€139,393 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €322,779 | €183,386 | -€139,393 | -43.2% |
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.