HCL 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.
HCL CONSULT
Largest movements
- Receivables within one year +€78,478
up €78,478 (+15.9%), from €494,547 to €573,025
of which Trade receivables: +€197,175
- Cash +€76,115
new in 2025: €76,115
mainly Net result for the year (+€277,146) and Other debts (+€78,296)
- Tangible fixed assets +€57,761
up €57,761 (+5776.1%), from €1,000 to €58,761
of which Furniture and vehicles: +€55,383
- Profit (loss) carried forward +€177,146
up €177,146 (+28.9%), from €612,659 to €789,805
- Other debts +€78,296
up €78,296 (+354.7%), from €22,073 to €100,369
- Short-term financial debts -€46,465
no longer reported in 2025 (was €46,465)
- Gross operating margin +€183,458
up €183,458 (+88.1%), from €208,280 to €391,738
- Taxes +€34,136
up €34,136 (+58.3%), from €58,589 to €92,725
- Financial charges -€5,279
down €5,279 (-23.2%), from €22,716 to €17,437
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 | €1,417,547 | €1,630,622 | +€213,075 | +15.0% |
| Fixed assets | 21/28 | €923,000 | €980,761 | +€57,761 | +6.3% |
| Tangible fixed assets | 22/27 | €1,000 | €58,761 | +€57,761 | +5776.1% |
| Plant, machinery and equipment | 23 | - | €3,378 | +€3,378 | |
| Furniture and vehicles | 24 | - | €55,383 | +€55,383 | |
| Assets under construction and advance payments | 27 | €1,000 | - | -€1,000 | |
| Financial fixed assets | 28 | €922,000 | €922,000 | = | 0.0% |
| Current assets | 29/58 | €494,547 | €649,861 | +€155,314 | +31.4% |
| Amounts receivable within one year | 40/41 | €494,547 | €573,025 | +€78,478 | +15.9% |
| Trade receivables | 40 | €347,696 | €544,872 | +€197,175 | +56.7% |
| Other amounts receivable | 41 | €146,850 | €28,153 | -€118,698 | -80.8% |
| Cash at bank and in hand | 54/58 | - | €76,115 | +€76,115 | |
| Deferred charges and accrued income | 490/1 | - | €721 | +€721 | |
| Total equity and liabilities | 10/49 | €1,417,547 | €1,630,622 | +€213,075 | +15.0% |
| Equity | 10/15 | €1,041,019 | €1,218,165 | +€177,146 | +17.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €421,860 | €421,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €420,000 | €420,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €612,659 | €789,805 | +€177,146 | +28.9% |
| Amounts payable | 17/49 | €376,527 | €412,457 | +€35,929 | +9.5% |
| Amounts payable after more than one year | 17 | €201,904 | €197,281 | -€4,623 | -2.3% |
| Financial debts | 170/4 | - | €44,630 | +€44,630 | |
| Other amounts payable | 178/9 | €201,904 | €152,650 | -€49,254 | -24.4% |
| Amounts payable within one year | 42/48 | €174,623 | €215,176 | +€40,553 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €99,191 | €94,204 | -€4,986 | -5.0% |
| Financial debts | 43 | €46,465 | - | -€46,465 | |
| Credit institutions | 430/8 | €46,465 | - | -€46,465 | |
| Trade debts | 44 | €3,209 | €2,876 | -€334 | -10.4% |
| Suppliers | 440/4 | €3,209 | €2,876 | -€334 | -10.4% |
| Taxes, remuneration and social security | 45 | €3,685 | €17,727 | +€14,042 | +381.1% |
| Taxes | 450/3 | €3,278 | €17,320 | +€14,042 | +428.3% |
| Remuneration and social security | 454/9 | €407 | €407 | = | 0.0% |
| Other amounts payable | 47/48 | €22,073 | €100,369 | +€78,296 | +354.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,599 | +€3,599 | |
| Other operating charges | 640/8 | €3,593 | €843 | -€2,750 | -76.5% |
| Gross operating margin | 9900 | €208,280 | €391,738 | +€183,458 | +88.1% |
| Operating profit (loss) | 9901 | €204,687 | €387,295 | +€182,609 | +89.2% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €22,716 | €17,437 | -€5,279 | -23.2% |
| Recurring financial charges | 65 | €22,716 | €17,437 | -€5,279 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €181,971 | €369,871 | +€187,900 | +103.3% |
| Income taxes | 67/77 | €58,589 | €92,725 | +€34,136 | +58.3% |
| Profit (loss) for the period | 9904 | €123,382 | €277,146 | +€153,764 | +124.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,382 | €277,146 | +€153,764 | +124.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.