HCT CONSULT: 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.
HCT CONSULT
Largest movements
- Cash +€143,191
up €143,191 (+577%), from €24,795 to €167,986
mainly Current investments (+€105,000) and Other debts (+€89,063)
- Current investments -€105,000
no longer reported in 2025 (was €105,000)
- Tangible fixed assets +€14,199
up €14,199 (+133%), from €10,702 to €24,901
of which Other tangible fixed assets: +€16,735
- Receivables within one year -€13,463
down €13,463 (-41.9%), from €32,143 to €18,679
of which Trade receivables: -€14,987
- Other debts +€89,063
new in 2025: €89,063
- Reserves -€76,258
down €76,258 (-55.1%), from €138,521 to €62,263
- Tax, wage and social debts +€24,269
up €24,269 (+187%), from €12,973 to €37,242
- Short-term financial debts +€2,521
new in 2025: €2,521
- Gross operating margin +€31,363
up €31,363 (+57.7%), from €54,336 to €85,699
- Taxes +€6,172
up €6,172 (+45.9%), from €13,452 to €19,624
- Depreciation +€1,807
up €1,807 (+157%), from €1,149 to €2,957
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 | €174,947 | €213,922 | +€38,975 | +22.3% |
| Fixed assets | 21/28 | €10,702 | €24,901 | +€14,199 | +133% |
| Tangible fixed assets | 22/27 | €10,702 | €24,901 | +€14,199 | +133% |
| Land and buildings | 22 | €1,050 | - | -€1,050 | |
| Furniture and vehicles | 24 | €9,652 | €8,166 | -€1,486 | -15.4% |
| Other tangible fixed assets | 26 | - | €16,735 | +€16,735 | |
| Current assets | 29/58 | €164,245 | €189,021 | +€24,776 | +15.1% |
| Amounts receivable within one year | 40/41 | €32,143 | €18,679 | -€13,463 | -41.9% |
| Trade receivables | 40 | €31,530 | €16,543 | -€14,987 | -47.5% |
| Other amounts receivable | 41 | €613 | €2,137 | +€1,524 | +249% |
| Current investments | 50/53 | €105,000 | - | -€105,000 | |
| Cash at bank and in hand | 54/58 | €24,795 | €167,986 | +€143,191 | +577% |
| Deferred charges and accrued income | 490/1 | €2,307 | €2,355 | +€48 | +2.1% |
| Total equity and liabilities | 10/49 | €174,947 | €213,922 | +€38,975 | +22.3% |
| Equity | 10/15 | €158,521 | €82,263 | -€76,258 | -48.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €138,521 | €62,263 | -€76,258 | -55.1% |
| Distributable reserves | 133 | €138,521 | €62,263 | -€76,258 | -55.1% |
| Amounts payable | 17/49 | €16,426 | €131,659 | +€115,233 | +702% |
| Amounts payable within one year | 42/48 | €16,426 | €131,659 | +€115,233 | +702% |
| Financial debts | 43 | - | €2,521 | +€2,521 | |
| Credit institutions | 430/8 | - | €2,521 | +€2,521 | |
| Trade debts | 44 | €3,453 | €2,833 | -€620 | -18.0% |
| Suppliers | 440/4 | €3,453 | €2,833 | -€620 | -18.0% |
| Taxes, remuneration and social security | 45 | €12,973 | €37,242 | +€24,269 | +187% |
| Taxes | 450/3 | €12,973 | €37,242 | +€24,269 | +187% |
| Other amounts payable | 47/48 | - | €89,063 | +€89,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €2,957 | +€1,807 | +157% |
| Other operating charges | 640/8 | €881 | €652 | -€229 | -26.0% |
| Gross operating margin | 9900 | €54,336 | €85,699 | +€31,363 | +57.7% |
| Operating profit (loss) | 9901 | €52,306 | €82,091 | +€29,785 | +56.9% |
| Financial income | 75/76B | €2,346 | €1,673 | -€673 | -28.7% |
| Recurring financial income | 75 | €2,346 | €1,673 | -€673 | -28.7% |
| Financial charges | 65/66B | €308 | €251 | -€57 | -18.6% |
| Recurring financial charges | 65 | €308 | €251 | -€57 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €54,344 | €83,512 | +€29,169 | +53.7% |
| Income taxes | 67/77 | €13,452 | €19,624 | +€6,172 | +45.9% |
| Profit (loss) for the period | 9904 | €40,892 | €63,889 | +€22,997 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,892 | €63,889 | +€22,997 | +56.2% |
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 18 October 2026 via checked.be.