HCONSULT: 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.
HCONSULT
Largest movements
- Receivables after one year +€149,250
up €149,250 (+4,975%), from €3,000 to €152,250
- Cash -€104,801
down €104,801 (-72.9%), from €143,671 to €38,870
mainly Receivables after one year (-€149,250) and Current investments (-€23,166)
- Current investments +€23,166
up €23,166 (+12.4%), from €187,373 to €210,539
- Financial fixed assets +€13,966
new in 2025: €13,966
- Deferred charges and accrued income +€10,324
up €10,324 (+495%), from €2,085 to €12,409
- Reserves +€112,765
up €112,765 (+46.6%), from €241,793 to €354,558
of which Tax-exempt reserves: +€84,200
- Tax, wage and social debts -€13,035
down €13,035 (-50.9%), from €25,610 to €12,575
- Current portion of long-term debt -€8,983
down €8,983 (-69.1%), from €12,993 to €4,010
- Financial income +€12,746
up €12,746 (+330%), from €3,864 to €16,610
of which Financial income: +€12,746
- Gross operating margin +€10,965
up €10,965 (+7.2%), from €151,264 to €162,228
- Financial charges +€8,307
up €8,307 (+299%), from €2,778 to €11,085
- Taxes +€1,976
up €1,976 (+4.6%), from €43,177 to €45,153
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 | €398,754 | €491,210 | +€92,455 | +23.2% |
| Fixed assets | 21/28 | €18,553 | €27,208 | +€8,655 | +46.7% |
| Tangible fixed assets | 22/27 | €18,553 | €13,242 | -€5,311 | -28.6% |
| Plant, machinery and equipment | 23 | €5,200 | €3,395 | -€1,805 | -34.7% |
| Furniture and vehicles | 24 | €11,202 | €7,697 | -€3,506 | -31.3% |
| Other tangible fixed assets | 26 | €2,150 | €2,150 | = | 0.0% |
| Financial fixed assets | 28 | - | €13,966 | +€13,966 | |
| Current assets | 29/58 | €380,201 | €464,002 | +€83,800 | +22.0% |
| Amounts receivable after more than one year | 29 | €3,000 | €152,250 | +€149,250 | +4,975% |
| Other amounts receivable | 291 | €3,000 | €152,250 | +€149,250 | +4,975% |
| Amounts receivable within one year | 40/41 | €44,072 | €49,933 | +€5,861 | +13.3% |
| Trade receivables | 40 | €24,139 | €12,604 | -€11,535 | -47.8% |
| Other amounts receivable | 41 | €19,933 | €37,329 | +€17,396 | +87.3% |
| Current investments | 50/53 | €187,373 | €210,539 | +€23,166 | +12.4% |
| Cash at bank and in hand | 54/58 | €143,671 | €38,870 | -€104,801 | -72.9% |
| Deferred charges and accrued income | 490/1 | €2,085 | €12,409 | +€10,324 | +495% |
| Total equity and liabilities | 10/49 | €398,754 | €491,210 | +€92,455 | +23.2% |
| Equity | 10/15 | €254,193 | €366,958 | +€112,765 | +44.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €241,793 | €354,558 | +€112,765 | +46.6% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €241,793 | €270,358 | +€28,565 | +11.8% |
| Provisions and deferred taxes | 16 | €104,800 | €104,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €104,800 | €104,800 | = | 0.0% |
| Pensions and similar obligations | 160 | €104,800 | €104,800 | = | 0.0% |
| Amounts payable | 17/49 | €39,762 | €19,453 | -€20,309 | -51.1% |
| Amounts payable within one year | 42/48 | €39,762 | €19,339 | -€20,423 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €12,993 | €4,010 | -€8,983 | -69.1% |
| Trade debts | 44 | €1,159 | €2,754 | +€1,595 | +138% |
| Suppliers | 440/4 | €1,159 | €2,754 | +€1,595 | +138% |
| Taxes, remuneration and social security | 45 | €25,610 | €12,575 | -€13,035 | -50.9% |
| Taxes | 450/3 | €25,610 | €12,575 | -€13,035 | -50.9% |
| Accrued charges and deferred income | 492/3 | - | €114 | +€114 | |
| Remuneration, social security and pensions | 62 | €561 | €0 | -€561 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,492 | €6,994 | +€502 | +7.7% |
| Other operating charges | 640/8 | €2,354 | €2,842 | +€488 | +20.7% |
| Gross operating margin | 9900 | €151,264 | €162,228 | +€10,965 | +7.2% |
| Operating profit (loss) | 9901 | €141,857 | €152,393 | +€10,536 | +7.4% |
| Financial income | 75/76B | €3,864 | €16,610 | +€12,746 | +330% |
| Recurring financial income | 75 | €3,864 | €16,610 | +€12,746 | +330% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,778 | €11,085 | +€8,307 | +299% |
| Recurring financial charges | 65 | €2,778 | €11,085 | +€8,307 | +299% |
| Profit (loss) for the period before taxes | 9903 | €142,943 | €157,917 | +€14,974 | +10.5% |
| Income taxes | 67/77 | €43,177 | €45,153 | +€1,976 | +4.6% |
| Profit (loss) for the period | 9904 | €99,766 | €112,765 | +€12,999 | +13.0% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,766 | €28,565 | -€71,202 | -71.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.