HD CONSULT & ENGINEERING: 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 & ENGINEERING
Largest movements
- Cash +€28,653
up €28,653 (+19.4%), from €147,816 to €176,469
mainly Net result for the year (+€30,374) and Receivables within one year (+€8,370)
- Receivables within one year -€8,370
down €8,370 (-19.2%), from €43,557 to €35,187
of which Other amounts receivable: -€6,695
- Deferred charges and accrued income +€4,798
up €4,798 (+84.8%), from €5,661 to €10,459
- Reserves +€30,374
up €30,374 (+19.6%), from €155,201 to €185,575
- Tax, wage and social debts -€6,085
down €6,085 (-35.6%), from €17,081 to €10,996
- Trade debts +€2,750
up €2,750 (+117.6%), from €2,338 to €5,087
- Gross operating margin -€14,621
down €14,621 (-23.2%), from €62,923 to €48,302
- Taxes -€3,433
down €3,433 (-19.4%), from €17,679 to €14,246
- Depreciation +€671
up €671 (+61.3%), from €1,096 to €1,767
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 | €205,813 | €233,089 | +€27,276 | +13.3% |
| Fixed assets | 21/28 | €2,779 | €4,973 | +€2,195 | +79.0% |
| Tangible fixed assets | 22/27 | €2,779 | €4,973 | +€2,195 | +79.0% |
| Furniture and vehicles | 24 | €2,779 | €4,973 | +€2,195 | +79.0% |
| Current assets | 29/58 | €203,034 | €228,115 | +€25,081 | +12.4% |
| Amounts receivable within one year | 40/41 | €43,557 | €35,187 | -€8,370 | -19.2% |
| Trade receivables | 40 | €31,031 | €29,356 | -€1,675 | -5.4% |
| Other amounts receivable | 41 | €12,526 | €5,831 | -€6,695 | -53.5% |
| Current investments | 50/53 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €147,816 | €176,469 | +€28,653 | +19.4% |
| Deferred charges and accrued income | 490/1 | €5,661 | €10,459 | +€4,798 | +84.8% |
| Total equity and liabilities | 10/49 | €205,813 | €233,089 | +€27,276 | +13.3% |
| Equity | 10/15 | €160,201 | €190,575 | +€30,374 | +19.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €155,201 | €185,575 | +€30,374 | +19.6% |
| Distributable reserves | 133 | €155,201 | €185,575 | +€30,374 | +19.6% |
| Amounts payable | 17/49 | €45,612 | €42,514 | -€3,098 | -6.8% |
| Amounts payable within one year | 42/48 | €45,612 | €42,514 | -€3,098 | -6.8% |
| Trade debts | 44 | €2,338 | €5,087 | +€2,750 | +117.6% |
| Suppliers | 440/4 | €2,338 | €5,087 | +€2,750 | +117.6% |
| Taxes, remuneration and social security | 45 | €17,081 | €10,996 | -€6,085 | -35.6% |
| Taxes | 450/3 | €17,081 | €10,996 | -€6,085 | -35.6% |
| Other amounts payable | 47/48 | €26,193 | €26,431 | +€237 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €1,767 | +€671 | +61.3% |
| Other operating charges | 640/8 | €513 | €639 | +€125 | +24.4% |
| Gross operating margin | 9900 | €62,923 | €48,302 | -€14,621 | -23.2% |
| Operating profit (loss) | 9901 | €61,314 | €45,896 | -€15,418 | -25.1% |
| Financial income | 75/76B | €36 | €209 | +€173 | +478.7% |
| Recurring financial income | 75 | €36 | €209 | +€173 | +478.7% |
| Financial charges | 65/66B | €1,690 | €1,486 | -€205 | -12.1% |
| Recurring financial charges | 65 | €1,690 | €1,486 | -€205 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €59,660 | €44,620 | -€15,040 | -25.2% |
| Income taxes | 67/77 | €17,679 | €14,246 | -€3,433 | -19.4% |
| Profit (loss) for the period | 9904 | €41,981 | €30,374 | -€11,607 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,981 | €30,374 | -€11,607 | -27.6% |
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 2 October 2026 via checked.be.