HD CONSULTING: 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.
HD CONSULTING
Largest movements
- Cash +€44,379
up €44,379 (+191%), from €23,181 to €67,561
mainly Current investments (+€43,559) and Net result for the year (+€29,283)
- Current investments -€43,559
down €43,559 (-32.5%), from €133,822 to €90,263
- Receivables within one year +€26,962
up €26,962 (+48.4%), from €55,713 to €82,675
of which Other amounts receivable: +€28,142
- Tangible fixed assets -€5,052
down €5,052 (-13.3%), from €37,912 to €32,860
of which Furniture and vehicles: -€7,452
- Other debts +€26,541
new in 2025: €26,541
- Tax, wage and social debts -€3,685
down €3,685 (-18.9%), from €19,501 to €15,815
- Trade debts -€2,867
down €2,867 (-65.5%), from €4,374 to €1,507
- Reserves +€2,742
up €2,742 (+1.3%), from €212,988 to €215,730
of which Distributable reserves: +€2,742
- Other operating charges +€27,249
up €27,249 (+15,046%), from €181 to €27,430
- Gross operating margin -€17,919
down €17,919 (-18.2%), from €98,365 to €80,446
- Taxes -€11,910
down €11,910 (-49.7%), from €23,955 to €12,046
- Financial income +€8,568
up €8,568 (+81.0%), from €10,581 to €19,149
of which Financial income: +€8,725
- Financial charges +€3,982
up €3,982 (+44.3%), from €8,991 to €12,973
of which Financial charges: +€12,382
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 | €250,629 | €273,359 | +€22,730 | +9.1% |
| Fixed assets | 21/28 | €37,912 | €32,860 | -€5,052 | -13.3% |
| Tangible fixed assets | 22/27 | €37,912 | €32,860 | -€5,052 | -13.3% |
| Land and buildings | 22 | €1,043 | €893 | -€150 | -14.4% |
| Plant, machinery and equipment | 23 | €1,122 | €3,672 | +€2,550 | +227% |
| Furniture and vehicles | 24 | €35,748 | €28,295 | -€7,452 | -20.8% |
| Current assets | 29/58 | €212,717 | €240,499 | +€27,782 | +13.1% |
| Amounts receivable within one year | 40/41 | €55,713 | €82,675 | +€26,962 | +48.4% |
| Trade receivables | 40 | €40,112 | €38,932 | -€1,180 | -2.9% |
| Other amounts receivable | 41 | €15,602 | €43,743 | +€28,142 | +180% |
| Current investments | 50/53 | €133,822 | €90,263 | -€43,559 | -32.5% |
| Cash at bank and in hand | 54/58 | €23,181 | €67,561 | +€44,379 | +191% |
| Total equity and liabilities | 10/49 | €250,629 | €273,359 | +€22,730 | +9.1% |
| Equity | 10/15 | €226,754 | €229,496 | +€2,742 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €212,988 | €215,730 | +€2,742 | +1.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €210,988 | €213,730 | +€2,742 | +1.3% |
| Profit (loss) carried forward | 14 | €1,366 | €1,366 | = | 0.0% |
| Amounts payable | 17/49 | €23,875 | €43,863 | +€19,988 | +83.7% |
| Amounts payable within one year | 42/48 | €23,875 | €43,863 | +€19,988 | +83.7% |
| Trade debts | 44 | €4,374 | €1,507 | -€2,867 | -65.5% |
| Suppliers | 440/4 | €4,374 | €1,507 | -€2,867 | -65.5% |
| Taxes, remuneration and social security | 45 | €19,501 | €15,815 | -€3,685 | -18.9% |
| Taxes | 450/3 | €19,501 | €15,815 | -€3,685 | -18.9% |
| Other amounts payable | 47/48 | - | €26,541 | +€26,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,661 | €17,863 | +€1,203 | +7.2% |
| Other operating charges | 640/8 | €181 | €27,430 | +€27,249 | +15,046% |
| Gross operating margin | 9900 | €98,365 | €80,446 | -€17,919 | -18.2% |
| Operating profit (loss) | 9901 | €81,523 | €35,153 | -€46,370 | -56.9% |
| Financial income | 75/76B | €10,581 | €19,149 | +€8,568 | +81.0% |
| Recurring financial income | 75 | €10,424 | €19,149 | +€8,725 | +83.7% |
| Non-recurring financial income | 76B | €157 | - | -€157 | |
| Financial charges | 65/66B | €8,991 | €12,973 | +€3,982 | +44.3% |
| Recurring financial charges | 65 | €591 | €12,973 | +€12,382 | +2,094% |
| Non-recurring financial charges | 66B | €8,400 | - | -€8,400 | |
| Profit (loss) for the period before taxes | 9903 | €83,113 | €41,328 | -€41,784 | -50.3% |
| Income taxes | 67/77 | €23,955 | €12,046 | -€11,910 | -49.7% |
| Profit (loss) for the period | 9904 | €59,157 | €29,283 | -€29,875 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,157 | €29,283 | -€29,875 | -50.5% |
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 13 October 2026 via checked.be.