HDC 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.
HDC CONSULT
Largest movements
- Cash +€27,008
up €27,008 (+16.3%), from €165,247 to €192,255
mainly Net result for the year (+€81,762) and Other debts (+€12,383)
- Tangible fixed assets -€9,258
down €9,258 (-52.9%), from €17,492 to €8,235
of which Furniture and vehicles: -€8,948
- Other debts +€12,383
up €12,383 (+19.5%), from €63,592 to €75,976
- Profit (loss) carried forward +€6,762
up €6,762 (+17.0%), from €39,889 to €46,651
- Tax, wage and social debts -€5,207
down €5,207 (-29.7%), from €17,549 to €12,341
- Trade debts +€2,416
up €2,416 (+329.9%), from €732 to €3,148
- Depreciation -€5,481
down €5,481 (-37.2%), from €14,739 to €9,258
- Gross operating margin -€3,730
down €3,730 (-3.2%), from €115,866 to €112,136
- Taxes -€3,351
down €3,351 (-13.7%), from €24,471 to €21,120
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 | €203,053 | €219,427 | +€16,374 | +8.1% |
| Fixed assets | 21/28 | €17,492 | €8,235 | -€9,258 | -52.9% |
| Tangible fixed assets | 22/27 | €17,492 | €8,235 | -€9,258 | -52.9% |
| Plant, machinery and equipment | 23 | €1,219 | €909 | -€310 | -25.4% |
| Furniture and vehicles | 24 | €16,274 | €7,326 | -€8,948 | -55.0% |
| Current assets | 29/58 | €185,561 | €211,192 | +€25,631 | +13.8% |
| Amounts receivable within one year | 40/41 | €17,887 | €16,226 | -€1,661 | -9.3% |
| Trade receivables | 40 | €17,887 | €16,226 | -€1,661 | -9.3% |
| Cash at bank and in hand | 54/58 | €165,247 | €192,255 | +€27,008 | +16.3% |
| Deferred charges and accrued income | 490/1 | €2,426 | €2,711 | +€285 | +11.7% |
| Total equity and liabilities | 10/49 | €203,053 | €219,427 | +€16,374 | +8.1% |
| Equity | 10/15 | €120,349 | €127,111 | +€6,762 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Distributable reserves | 133 | €61,860 | €61,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,889 | €46,651 | +€6,762 | +17.0% |
| Amounts payable | 17/49 | €82,704 | €92,315 | +€9,612 | +11.6% |
| Amounts payable within one year | 42/48 | €81,873 | €91,465 | +€9,592 | +11.7% |
| Trade debts | 44 | €732 | €3,148 | +€2,416 | +329.9% |
| Suppliers | 440/4 | €732 | €3,148 | +€2,416 | +329.9% |
| Taxes, remuneration and social security | 45 | €17,549 | €12,341 | -€5,207 | -29.7% |
| Taxes | 450/3 | €17,549 | €12,341 | -€5,207 | -29.7% |
| Other amounts payable | 47/48 | €63,592 | €75,976 | +€12,383 | +19.5% |
| Accrued charges and deferred income | 492/3 | €830 | €851 | +€20 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,739 | €9,258 | -€5,481 | -37.2% |
| Other operating charges | 640/8 | €783 | €711 | -€71 | -9.1% |
| Gross operating margin | 9900 | €115,866 | €112,136 | -€3,730 | -3.2% |
| Operating profit (loss) | 9901 | €100,345 | €102,167 | +€1,822 | +1.8% |
| Financial income | 75/76B | €278 | €789 | +€512 | +184.2% |
| Recurring financial income | 75 | €278 | €789 | +€512 | +184.2% |
| Financial charges | 65/66B | €79 | €75 | -€4 | -5.4% |
| Recurring financial charges | 65 | €79 | €75 | -€4 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €100,544 | €102,882 | +€2,338 | +2.3% |
| Income taxes | 67/77 | €24,471 | €21,120 | -€3,351 | -13.7% |
| Profit (loss) for the period | 9904 | €76,073 | €81,762 | +€5,688 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,073 | €81,762 | +€5,688 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.