HDM 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.
HDM Consulting
Largest movements
- Tangible fixed assets +€298,164
up €298,164 (+396,074%), from €75 to €298,240
of which Land and buildings: +€297,548
- Cash -€28,762
down €28,762 (-35.9%), from €80,118 to €51,356
mainly Investment in fixed assets (net) (-€307,418) and Contributions, distributions and other (-€125,000)
- Receivables within one year -€8,110
down €8,110 (-28.0%), from €29,000 to €20,891
of which Other amounts receivable: -€24,500
- Debts after one year +€199,963
new in 2025: €199,963
- Other debts +€104,387
up €104,387 (+807%), from €12,927 to €117,315
- Profit (loss) carried forward -€68,810
down €68,810 (-97.4%), from €70,622 to €1,812
- Current portion of long-term debt +€22,943
new in 2025: €22,943
- Gross operating margin -€11,723
down €11,723 (-11.0%), from €106,470 to €94,746
- Depreciation +€9,125
up €9,125 (+7,080%), from €129 to €9,254
- Financial charges +€6,922
up €6,922 (+5,756%), from €120 to €7,042
- Taxes -€5,295
down €5,295 (-19.5%), from €27,174 to €21,880
- Purchases and services +€3,753
up €3,753 (+7.2%), from €52,441 to €56,194
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 | €110,412 | €371,740 | +€261,328 | +237% |
| Fixed assets | 21/28 | €119 | €298,283 | +€298,164 | +251,403% |
| Tangible fixed assets | 22/27 | €75 | €298,240 | +€298,164 | +396,074% |
| Land and buildings | 22 | - | €297,548 | +€297,548 | |
| Furniture and vehicles | 24 | €75 | €691 | +€616 | +818% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €110,293 | €73,458 | -€36,836 | -33.4% |
| Amounts receivable within one year | 40/41 | €29,000 | €20,891 | -€8,110 | -28.0% |
| Trade receivables | 40 | - | €16,391 | +€16,391 | |
| Other amounts receivable | 41 | €29,000 | €4,500 | -€24,500 | -84.5% |
| Cash at bank and in hand | 54/58 | €80,118 | €51,356 | -€28,762 | -35.9% |
| Deferred charges and accrued income | 490/1 | €1,175 | €1,210 | +€36 | +3.0% |
| Total equity and liabilities | 10/49 | €110,412 | €371,740 | +€261,328 | +237% |
| Equity | 10/15 | €76,622 | €7,812 | -€68,810 | -89.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,622 | €1,812 | -€68,810 | -97.4% |
| Amounts payable | 17/49 | €33,790 | €363,928 | +€330,138 | +977% |
| Amounts payable after more than one year | 17 | - | €199,963 | +€199,963 | |
| Financial debts | 170/4 | - | €199,963 | +€199,963 | |
| Amounts payable within one year | 42/48 | €33,790 | €163,965 | +€130,175 | +385% |
| Current portion of amounts payable after more than one year | 42 | - | €22,943 | +€22,943 | |
| Trade debts | 44 | €68 | €397 | +€329 | +484% |
| Suppliers | 440/4 | €68 | €397 | +€329 | +484% |
| Taxes, remuneration and social security | 45 | €20,794 | €23,310 | +€2,516 | +12.1% |
| Taxes | 450/3 | €20,794 | €21,217 | +€422 | +2.0% |
| Remuneration and social security | 454/9 | - | €2,094 | +€2,094 | |
| Other amounts payable | 47/48 | €12,927 | €117,315 | +€104,387 | +807% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,441 | €56,194 | +€3,753 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129 | €9,254 | +€9,125 | +7,080% |
| Other operating charges | 640/8 | - | €1,166 | +€1,166 | |
| Gross operating margin | 9900 | €106,470 | €94,746 | -€11,723 | -11.0% |
| Operating profit (loss) | 9901 | €106,341 | €84,327 | -€22,014 | -20.7% |
| Financial income | 75/76B | €72 | €784 | +€712 | +983% |
| Recurring financial income | 75 | €72 | €784 | +€712 | +983% |
| Financial charges | 65/66B | €120 | €7,042 | +€6,922 | +5,756% |
| Recurring financial charges | 65 | €120 | €7,042 | +€6,922 | +5,756% |
| Profit (loss) for the period before taxes | 9903 | €106,293 | €78,070 | -€28,223 | -26.6% |
| Income taxes | 67/77 | €27,174 | €21,880 | -€5,295 | -19.5% |
| Profit (loss) for the period | 9904 | €79,118 | €56,190 | -€22,928 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,118 | €56,190 | -€22,928 | -29.0% |
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 18 October 2026 via checked.be.