HCM Consulting: 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.
HCM Consulting
Largest movements
- Receivables within one year +€102,787
up €102,787 (+52231.9%), from €197 to €102,984
of which Trade receivables: +€102,984
- Cash +€22,709
up €22,709 (+217.5%), from €10,440 to €33,149
mainly Other debts (+€107,563) and Net result for the year (+€98,443)
- Tangible fixed assets +€3,400
up €3,400 (+702.7%), from €484 to €3,884
of which Other tangible fixed assets: +€1,725
- Deferred charges and accrued income +€2,415
new in 2025: €2,415
- Other debts +€107,563
new in 2025: €107,563
- Tax, wage and social debts +€26,336
new in 2025: €26,336
of which Taxes: +€25,452
- Profit (loss) carried forward -€9,120
down €9,120 (-100.0%), from €9,120 to €0
- Trade debts +€6,385
new in 2025: €6,385
- Gross operating margin +€161,666
up €161,666, from -€269 to €161,396
- Taxes +€34,193
new in 2025: €34,193
- Staff costs +€26,852
new in 2025: €26,852
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 | €11,120 | €142,701 | +€131,581 | +1183.2% |
| Fixed assets | 21/28 | €484 | €4,153 | +€3,669 | +758.2% |
| Tangible fixed assets | 22/27 | €484 | €3,884 | +€3,400 | +702.7% |
| Furniture and vehicles | 24 | - | €1,675 | +€1,675 | |
| Other tangible fixed assets | 26 | €484 | €2,209 | +€1,725 | +356.5% |
| Financial fixed assets | 28 | - | €268 | +€268 | |
| Current assets | 29/58 | €10,637 | €138,548 | +€127,912 | +1202.6% |
| Amounts receivable within one year | 40/41 | €197 | €102,984 | +€102,787 | +52231.9% |
| Trade receivables | 40 | - | €102,984 | +€102,984 | |
| Other amounts receivable | 41 | €197 | - | -€197 | |
| Cash at bank and in hand | 54/58 | €10,440 | €33,149 | +€22,709 | +217.5% |
| Deferred charges and accrued income | 490/1 | - | €2,415 | +€2,415 | |
| Total equity and liabilities | 10/49 | €11,120 | €142,701 | +€131,581 | +1183.2% |
| Equity | 10/15 | €11,120 | €2,000 | -€9,120 | -82.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,120 | €0 | -€9,120 | -100.0% |
| Amounts payable | 17/49 | - | €140,701 | +€140,701 | |
| Amounts payable within one year | 42/48 | - | €140,284 | +€140,284 | |
| Trade debts | 44 | - | €6,385 | +€6,385 | |
| Suppliers | 440/4 | - | €6,385 | +€6,385 | |
| Taxes, remuneration and social security | 45 | - | €26,336 | +€26,336 | |
| Taxes | 450/3 | - | €25,452 | +€25,452 | |
| Remuneration and social security | 454/9 | - | €883 | +€883 | |
| Other amounts payable | 47/48 | - | €107,563 | +€107,563 | |
| Accrued charges and deferred income | 492/3 | - | €418 | +€418 | |
| Remuneration, social security and pensions | 62 | - | €26,852 | +€26,852 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349 | €495 | +€146 | +41.9% |
| Other operating charges | 640/8 | €387 | €469 | +€82 | +21.2% |
| Gross operating margin | 9900 | -€269 | €161,396 | +€161,666 | |
| Operating profit (loss) | 9901 | -€1,006 | €133,580 | +€134,586 | |
| Financial charges | 65/66B | €155 | €944 | +€789 | +509.3% |
| Recurring financial charges | 65 | €155 | €944 | +€789 | +509.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,161 | €132,636 | +€133,797 | |
| Income taxes | 67/77 | - | €34,193 | +€34,193 | |
| Profit (loss) for the period | 9904 | -€1,161 | €98,443 | +€99,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,161 | €98,443 | +€99,603 |
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 6 October 2026 via checked.be.