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
- Cash -€6,390
down €6,390 (-5.3%), from €121,103 to €114,713
mainly Investment in fixed assets (net) (-€38,676) and Deferred charges and accrued income (-€4,870)
- Deferred charges and accrued income +€4,870
up €4,870 (+122%), from €3,998 to €8,868
- Other debts +€6,596
up €6,596 (+13.4%), from €49,345 to €55,941
- Gross operating margin -€12,033
down €12,033 (-22.5%), from €53,494 to €41,460
- Depreciation +€6,894
up €6,894 (+23.1%), from €29,881 to €36,776
- Taxes -€4,234
down €4,234 (-82.9%), from €5,105 to €871
- Financial income +€3,105
up €3,105 (+68,553%), from €5 to €3,110
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 | €382,396 | €383,151 | +€756 | +0.2% |
| Fixed assets | 21/28 | €174,434 | €176,335 | +€1,901 | +1.1% |
| Tangible fixed assets | 22/27 | €143,104 | €145,005 | +€1,901 | +1.3% |
| Land and buildings | 22 | €100,207 | €87,767 | -€12,440 | -12.4% |
| Furniture and vehicles | 24 | €42,897 | €57,238 | +€14,341 | +33.4% |
| Financial fixed assets | 28 | €31,330 | €31,330 | = | 0.0% |
| Current assets | 29/58 | €207,961 | €206,816 | -€1,145 | -0.6% |
| Amounts receivable after more than one year | 29 | €17,500 | €17,500 | = | 0.0% |
| Other amounts receivable | 291 | €17,500 | €17,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,360 | €15,735 | +€375 | +2.4% |
| Trade receivables | 40 | €13,582 | €9,944 | -€3,638 | -26.8% |
| Other amounts receivable | 41 | €1,778 | €5,791 | +€4,013 | +226% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,103 | €114,713 | -€6,390 | -5.3% |
| Deferred charges and accrued income | 490/1 | €3,998 | €8,868 | +€4,870 | +122% |
| Total equity and liabilities | 10/49 | €382,396 | €383,151 | +€756 | +0.2% |
| Equity | 10/15 | €275,262 | €273,896 | -€1,366 | -0.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €28,600 | €28,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,662 | €226,296 | -€1,366 | -0.6% |
| Amounts payable | 17/49 | €107,134 | €109,255 | +€2,122 | +2.0% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,134 | €69,137 | +€2,003 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €2,481 | €1,315 | -€1,166 | -47.0% |
| Suppliers | 440/4 | €2,481 | €1,315 | -€1,166 | -47.0% |
| Taxes, remuneration and social security | 45 | €15,308 | €11,880 | -€3,428 | -22.4% |
| Taxes | 450/3 | €15,308 | €11,880 | -€3,428 | -22.4% |
| Other amounts payable | 47/48 | €49,345 | €55,941 | +€6,596 | +13.4% |
| Accrued charges and deferred income | 492/3 | - | €119 | +€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,881 | €36,776 | +€6,894 | +23.1% |
| Other operating charges | 640/8 | €1,202 | €1,335 | +€133 | +11.0% |
| Non-recurring operating charges | 66A | €376 | €380 | +€3 | +0.9% |
| Gross operating margin | 9900 | €53,494 | €41,460 | -€12,033 | -22.5% |
| Operating profit (loss) | 9901 | €22,034 | €2,970 | -€19,064 | -86.5% |
| Financial income | 75/76B | €5 | €3,110 | +€3,105 | +68,553% |
| Recurring financial income | 75 | €5 | €3,110 | +€3,105 | +68,553% |
| Financial charges | 65/66B | €6,645 | €6,575 | -€70 | -1.0% |
| Recurring financial charges | 65 | €6,645 | €6,575 | -€70 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €15,393 | -€495 | -€15,888 | |
| Income taxes | 67/77 | €5,105 | €871 | -€4,234 | -82.9% |
| Profit (loss) for the period | 9904 | €10,289 | -€1,366 | -€11,655 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,289 | -€1,366 | -€11,655 |
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 26 October 2026 via checked.be.