HD Consulting: 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 Consulting
Largest movements
- Tangible fixed assets +€67,173
up €67,173 (+73.7%), from €91,087 to €158,261
of which Plant, machinery and equipment: +€38,716
- Cash +€61,791
new in 2025: €61,791
mainly Short-term financial debts (+€121,013) and Debts after one year (+€41,791)
- Receivables within one year +€43,139
up €43,139 (+26.7%), from €161,715 to €204,854
of which Trade receivables: +€46,944
- Deferred charges and accrued income +€24,000
new in 2025: €24,000
- Short-term financial debts +€121,013
up €121,013 (+3035.4%), from €3,987 to €125,000
- Debts after one year +€41,791
up €41,791 (+83.5%), from €50,047 to €91,838
- Current portion of long-term debt +€26,194
up €26,194 (+117.9%), from €22,224 to €48,417
- Trade debts +€14,366
up €14,366 (+19.1%), from €75,097 to €89,463
- Profit (loss) carried forward -€9,078
down €9,078 (-20.0%), from €45,336 to €36,259
- Staff costs +€26,946
up €26,946 (+9.5%), from €285,067 to €312,013
- Other operating charges -€12,182
down €12,182 (-88.5%), from €13,768 to €1,586
- Depreciation +€4,581
up €4,581 (+17.5%), from €26,136 to €30,717
- Taxes +€4,004
up €4,004 (+1174.1%), from €341 to €4,345
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 | €252,802 | €448,906 | +€196,104 | +77.6% |
| Fixed assets | 21/28 | €91,087 | €158,261 | +€67,173 | +73.7% |
| Tangible fixed assets | 22/27 | €91,087 | €158,261 | +€67,173 | +73.7% |
| Plant, machinery and equipment | 23 | €1,540 | €40,255 | +€38,716 | +2514.6% |
| Furniture and vehicles | 24 | €89,548 | €118,005 | +€28,458 | +31.8% |
| Current assets | 29/58 | €161,715 | €290,645 | +€128,931 | +79.7% |
| Amounts receivable within one year | 40/41 | €161,715 | €204,854 | +€43,139 | +26.7% |
| Trade receivables | 40 | €153,208 | €200,153 | +€46,944 | +30.6% |
| Other amounts receivable | 41 | €8,506 | €4,702 | -€3,805 | -44.7% |
| Cash at bank and in hand | 54/58 | - | €61,791 | +€61,791 | |
| Deferred charges and accrued income | 490/1 | - | €24,000 | +€24,000 | |
| Total equity and liabilities | 10/49 | €252,802 | €448,906 | +€196,104 | +77.6% |
| Equity | 10/15 | €47,336 | €38,259 | -€9,078 | -19.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,336 | €36,259 | -€9,078 | -20.0% |
| Amounts payable | 17/49 | €205,466 | €410,647 | +€205,182 | +99.9% |
| Amounts payable after more than one year | 17 | €50,047 | €91,838 | +€41,791 | +83.5% |
| Financial debts | 170/4 | €50,047 | €91,838 | +€41,791 | +83.5% |
| Amounts payable within one year | 42/48 | €155,418 | €318,809 | +€163,391 | +105.1% |
| Current portion of amounts payable after more than one year | 42 | €22,224 | €48,417 | +€26,194 | +117.9% |
| Financial debts | 43 | €3,987 | €125,000 | +€121,013 | +3035.4% |
| Credit institutions | 430/8 | €3,987 | €125,000 | +€121,013 | +3035.4% |
| Trade debts | 44 | €75,097 | €89,463 | +€14,366 | +19.1% |
| Suppliers | 440/4 | €75,097 | €89,463 | +€14,366 | +19.1% |
| Taxes, remuneration and social security | 45 | €52,983 | €55,704 | +€2,721 | +5.1% |
| Taxes | 450/3 | €22,755 | €10,645 | -€12,110 | -53.2% |
| Remuneration and social security | 454/9 | €30,228 | €45,059 | +€14,831 | +49.1% |
| Other amounts payable | 47/48 | €1,127 | €224 | -€903 | -80.1% |
| Remuneration, social security and pensions | 62 | €285,067 | €312,013 | +€26,946 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,136 | €30,717 | +€4,581 | +17.5% |
| Other operating charges | 640/8 | €13,768 | €1,586 | -€12,182 | -88.5% |
| Gross operating margin | 9900 | €347,445 | €345,906 | -€1,540 | -0.4% |
| Operating profit (loss) | 9901 | €22,474 | €1,589 | -€20,885 | -92.9% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €3,061 | €6,422 | +€3,361 | +109.8% |
| Recurring financial charges | 65 | €3,061 | €6,422 | +€3,361 | +109.8% |
| Profit (loss) for the period before taxes | 9903 | €19,413 | -€4,733 | -€24,146 | |
| Income taxes | 67/77 | €341 | €4,345 | +€4,004 | +1174.1% |
| Profit (loss) for the period | 9904 | €19,072 | -€9,078 | -€28,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,072 | -€9,078 | -€28,150 |
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 6 October 2026 via checked.be.