HDE Conseils: 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.
HDE Conseils
Largest movements
- Receivables within one year +€87,261
up €87,261 (+426%), from €20,468 to €107,728
of which Other amounts receivable: +€71,815
- Cash +€27,406
up €27,406 (+85.2%), from €32,162 to €59,569
mainly Net result for the year (+€93,597) and Other debts (+€74,215)
- Tangible fixed assets +€6,835
new in 2025: €6,835
- Other debts +€74,215
up €74,215 (+8,142%), from €912 to €75,127
- Tax, wage and social debts +€23,555
up €23,555 (+116%), from €20,299 to €43,854
of which Taxes: +€19,624
- Profit (loss) carried forward +€18,597
up €18,597 (+78.5%), from €23,698 to €42,295
- Trade debts +€5,284
up €5,284 (+115%), from €4,586 to €9,870
- Gross operating margin +€87,278
up €87,278 (+236%), from €36,933 to €124,210
- Taxes +€19,532
up €19,532 (+280%), from €6,981 to €26,513
- Depreciation -€2,411
down €2,411 (-91.2%), from €2,644 to €234
- Financial income +€1,519
up €1,519 (+3,757%), from €40 to €1,560
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 | €54,494 | €176,146 | +€121,652 | +223% |
| Formation expenses | 20 | €230 | - | -€230 | |
| Fixed assets | 21/28 | - | €6,835 | +€6,835 | |
| Tangible fixed assets | 22/27 | - | €6,835 | +€6,835 | |
| Furniture and vehicles | 24 | - | €6,835 | +€6,835 | |
| Current assets | 29/58 | €54,264 | €169,311 | +€115,047 | +212% |
| Amounts receivable within one year | 40/41 | €20,468 | €107,728 | +€87,261 | +426% |
| Trade receivables | 40 | €18,980 | €34,425 | +€15,446 | +81.4% |
| Other amounts receivable | 41 | €1,488 | €73,303 | +€71,815 | +4,826% |
| Cash at bank and in hand | 54/58 | €32,162 | €59,569 | +€27,406 | +85.2% |
| Deferred charges and accrued income | 490/1 | €1,634 | €2,014 | +€380 | +23.2% |
| Total equity and liabilities | 10/49 | €54,494 | €176,146 | +€121,652 | +223% |
| Equity | 10/15 | €28,698 | €47,295 | +€18,597 | +64.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,698 | €42,295 | +€18,597 | +78.5% |
| Amounts payable | 17/49 | €25,796 | €128,851 | +€103,055 | +399% |
| Amounts payable within one year | 42/48 | €25,796 | €128,851 | +€103,055 | +399% |
| Trade debts | 44 | €4,586 | €9,870 | +€5,284 | +115% |
| Suppliers | 440/4 | €4,586 | €9,870 | +€5,284 | +115% |
| Taxes, remuneration and social security | 45 | €20,299 | €43,854 | +€23,555 | +116% |
| Taxes | 450/3 | €18,371 | €37,994 | +€19,624 | +107% |
| Remuneration and social security | 454/9 | €1,928 | €5,860 | +€3,931 | +204% |
| Other amounts payable | 47/48 | €912 | €75,127 | +€74,215 | +8,142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,644 | €234 | -€2,411 | -91.2% |
| Other operating charges | 640/8 | €496 | €1,282 | +€787 | +159% |
| Non-recurring operating charges | 66A | - | €583 | +€583 | |
| Gross operating margin | 9900 | €36,933 | €124,210 | +€87,278 | +236% |
| Operating profit (loss) | 9901 | €33,792 | €122,111 | +€88,318 | +261% |
| Financial income | 75/76B | €40 | €1,560 | +€1,519 | +3,757% |
| Recurring financial income | 75 | €40 | €1,560 | +€1,519 | +3,757% |
| Financial charges | 65/66B | €2,321 | €3,560 | +€1,239 | +53.4% |
| Recurring financial charges | 65 | €2,321 | €3,560 | +€1,239 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €31,512 | €120,110 | +€88,599 | +281% |
| Income taxes | 67/77 | €6,981 | €26,513 | +€19,532 | +280% |
| Profit (loss) for the period | 9904 | €24,531 | €93,597 | +€69,067 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €24,531 | €93,597 | +€69,067 | +282% |
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 14 October 2026 via checked.be.