HD 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.
HD CONSULT
Largest movements
- Tangible fixed assets +€71,225
up €71,225 (+63.2%), from €112,675 to €183,900
of which Leasing and similar rights: +€69,458
- Cash +€19,094
up €19,094 (+20.3%), from €94,216 to €113,311
mainly Net result for the year (+€45,375) and Debts after one year (+€39,092)
- Receivables within one year +€14,253
up €14,253 (+78.6%), from €18,132 to €32,385
- Reserves +€43,709
up €43,709 (+37.0%), from €118,282 to €161,991
- Debts after one year +€39,092
up €39,092 (+83.4%), from €46,891 to €85,982
- Tax, wage and social debts +€16,673
up €16,673 (+117.6%), from €14,172 to €30,845
of which Taxes: +€14,624
- Current portion of long-term debt +€11,213
up €11,213 (+74.8%), from €14,992 to €26,206
- Other debts -€3,498
down €3,498 (-32.6%), from €10,735 to €7,238
- Gross operating margin +€51,529
up €51,529 (+54.7%), from €94,162 to €145,692
- Taxes +€9,868
up €9,868 (+71.7%), from €13,755 to €23,623
- Other operating charges +€9,014
up €9,014 (+103.1%), from €8,744 to €17,758
- Depreciation +€6,698
up €6,698 (+22.1%), from €30,372 to €37,070
- Staff costs +€6,482
up €6,482 (+67.4%), from €9,612 to €16,094
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 | €227,202 | €333,397 | +€106,195 | +46.7% |
| Fixed assets | 21/28 | €112,675 | €183,900 | +€71,225 | +63.2% |
| Tangible fixed assets | 22/27 | €112,675 | €183,900 | +€71,225 | +63.2% |
| Plant, machinery and equipment | 23 | €6,887 | €4,878 | -€2,009 | -29.2% |
| Furniture and vehicles | 24 | €15,853 | €14,768 | -€1,086 | -6.8% |
| Leasing and similar rights | 25 | €82,025 | €151,483 | +€69,458 | +84.7% |
| Other tangible fixed assets | 26 | €7,910 | €12,772 | +€4,862 | +61.5% |
| Current assets | 29/58 | €114,527 | €149,497 | +€34,970 | +30.5% |
| Amounts receivable within one year | 40/41 | €18,132 | €32,385 | +€14,253 | +78.6% |
| Trade receivables | 40 | €18,132 | €32,385 | +€14,253 | +78.6% |
| Cash at bank and in hand | 54/58 | €94,216 | €113,311 | +€19,094 | +20.3% |
| Deferred charges and accrued income | 490/1 | €2,179 | €3,801 | +€1,622 | +74.5% |
| Total equity and liabilities | 10/49 | €227,202 | €333,397 | +€106,195 | +46.7% |
| Equity | 10/15 | €138,907 | €182,616 | +€43,709 | +31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,282 | €161,991 | +€43,709 | +37.0% |
| Distributable reserves | 133 | €118,282 | €161,991 | +€43,709 | +37.0% |
| Profit (loss) carried forward | 14 | €2,025 | €2,025 | = | 0.0% |
| Amounts payable | 17/49 | €88,295 | €150,781 | +€62,486 | +70.8% |
| Amounts payable after more than one year | 17 | €46,891 | €85,982 | +€39,092 | +83.4% |
| Financial debts | 170/4 | €46,891 | €85,982 | +€39,092 | +83.4% |
| Amounts payable within one year | 42/48 | €41,405 | €64,799 | +€23,394 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €14,992 | €26,206 | +€11,213 | +74.8% |
| Trade debts | 44 | €1,505 | €511 | -€994 | -66.1% |
| Suppliers | 440/4 | €1,505 | €511 | -€994 | -66.1% |
| Taxes, remuneration and social security | 45 | €14,172 | €30,845 | +€16,673 | +117.6% |
| Taxes | 450/3 | €14,050 | €28,674 | +€14,624 | +104.1% |
| Remuneration and social security | 454/9 | €123 | €2,171 | +€2,048 | +1667.9% |
| Other amounts payable | 47/48 | €10,735 | €7,238 | -€3,498 | -32.6% |
| Remuneration, social security and pensions | 62 | €9,612 | €16,094 | +€6,482 | +67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,372 | €37,070 | +€6,698 | +22.1% |
| Other operating charges | 640/8 | €8,744 | €17,758 | +€9,014 | +103.1% |
| Gross operating margin | 9900 | €94,162 | €145,692 | +€51,529 | +54.7% |
| Operating profit (loss) | 9901 | €45,434 | €74,769 | +€29,335 | +64.6% |
| Financial income | 75/76B | €502 | €597 | +€95 | +18.8% |
| Recurring financial income | 75 | €502 | €597 | +€95 | +18.8% |
| Financial charges | 65/66B | €6,433 | €6,368 | -€65 | -1.0% |
| Recurring financial charges | 65 | €6,433 | €6,368 | -€65 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €39,504 | €68,998 | +€29,495 | +74.7% |
| Income taxes | 67/77 | €13,755 | €23,623 | +€9,868 | +71.7% |
| Profit (loss) for the period | 9904 | €25,749 | €45,375 | +€19,626 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,749 | €45,375 | +€19,626 | +76.2% |
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.