HDR 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.
HDR Consulting
Largest movements
- Receivables within one year +€30,120
up €30,120 (+72.9%), from €41,339 to €71,459
of which Trade receivables: +€26,666
- Cash -€9,357
down €9,357 (-93.5%), from €10,008 to €651
mainly Receivables within one year (-€30,120) and Investment in fixed assets (net) (-€7,692)
- Tangible fixed assets -€3,749
down €3,749 (-13.6%), from €27,665 to €23,916
of which Furniture and vehicles: -€4,648
- Current investments +€1,533
new in 2025: €1,533
- Reserves +€25,000
up €25,000 (+93.1%), from €26,859 to €51,859
of which Distributable reserves: +€25,000
- Tax, wage and social debts -€6,901
down €6,901 (-50.6%), from €13,626 to €6,725
of which Remuneration and social security: -€4,905
- Debts after one year -€5,247
down €5,247 (-59.0%), from €8,894 to €3,647
- Profit (loss) carried forward +€3,142
up €3,142 (+276.9%), from €1,135 to €4,276
- Trade debts +€1,678
up €1,678 (+43.4%), from €3,868 to €5,546
- Taxes -€4,214
down €4,214 (-26.3%), from €16,018 to €11,804
- Gross operating margin -€4,112
down €4,112 (-7.1%), from €58,328 to €54,216
- Depreciation +€1,507
up €1,507 (+15.2%), from €9,934 to €11,441
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 | €79,909 | €98,526 | +€18,616 | +23.3% |
| Fixed assets | 21/28 | €27,665 | €23,916 | -€3,749 | -13.6% |
| Tangible fixed assets | 22/27 | €27,665 | €23,916 | -€3,749 | -13.6% |
| Plant, machinery and equipment | 23 | €549 | €9 | -€540 | -98.4% |
| Furniture and vehicles | 24 | €26,388 | €21,740 | -€4,648 | -17.6% |
| Other tangible fixed assets | 26 | €728 | €2,166 | +€1,439 | +197.6% |
| Current assets | 29/58 | €52,245 | €74,610 | +€22,365 | +42.8% |
| Amounts receivable within one year | 40/41 | €41,339 | €71,459 | +€30,120 | +72.9% |
| Trade receivables | 40 | €13,333 | €39,999 | +€26,666 | +200.0% |
| Other amounts receivable | 41 | €28,006 | €31,460 | +€3,454 | +12.3% |
| Current investments | 50/53 | - | €1,533 | +€1,533 | |
| Cash at bank and in hand | 54/58 | €10,008 | €651 | -€9,357 | -93.5% |
| Deferred charges and accrued income | 490/1 | €898 | €967 | +€69 | +7.7% |
| Total equity and liabilities | 10/49 | €79,909 | €98,526 | +€18,616 | +23.3% |
| Equity | 10/15 | €46,586 | €74,728 | +€28,142 | +60.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €26,859 | €51,859 | +€25,000 | +93.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Profit (loss) carried forward | 14 | €1,135 | €4,276 | +€3,142 | +276.9% |
| Amounts payable | 17/49 | €33,323 | €23,798 | -€9,525 | -28.6% |
| Amounts payable after more than one year | 17 | €8,894 | €3,647 | -€5,247 | -59.0% |
| Financial debts | 170/4 | €8,894 | €3,647 | -€5,247 | -59.0% |
| Amounts payable within one year | 42/48 | €24,384 | €20,077 | -€4,306 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €4,991 | €5,247 | +€256 | +5.1% |
| Financial debts | 43 | - | €847 | +€847 | |
| Credit institutions | 430/8 | - | €847 | +€847 | |
| Trade debts | 44 | €3,868 | €5,546 | +€1,678 | +43.4% |
| Suppliers | 440/4 | €3,868 | €5,546 | +€1,678 | +43.4% |
| Taxes, remuneration and social security | 45 | €13,626 | €6,725 | -€6,901 | -50.6% |
| Taxes | 450/3 | €5,028 | €3,031 | -€1,996 | -39.7% |
| Remuneration and social security | 454/9 | €8,599 | €3,694 | -€4,905 | -57.0% |
| Other amounts payable | 47/48 | €1,898 | €1,713 | -€186 | -9.8% |
| Accrued charges and deferred income | 492/3 | €45 | €73 | +€28 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,934 | €11,441 | +€1,507 | +15.2% |
| Other operating charges | 640/8 | €1,238 | €1,062 | -€175 | -14.2% |
| Gross operating margin | 9900 | €58,328 | €54,216 | -€4,112 | -7.1% |
| Operating profit (loss) | 9901 | €47,157 | €41,713 | -€5,444 | -11.5% |
| Financial income | 75/76B | €29 | €15 | -€14 | -49.0% |
| Recurring financial income | 75 | €29 | €15 | -€14 | -49.0% |
| Financial charges | 65/66B | €1,205 | €1,782 | +€577 | +47.9% |
| Recurring financial charges | 65 | €1,205 | €1,034 | -€171 | -14.2% |
| Non-recurring financial charges | 66B | - | €748 | +€748 | |
| Profit (loss) for the period before taxes | 9903 | €45,981 | €39,945 | -€6,035 | -13.1% |
| Income taxes | 67/77 | €16,018 | €11,804 | -€4,214 | -26.3% |
| Profit (loss) for the period | 9904 | €29,963 | €28,142 | -€1,821 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,963 | €28,142 | -€1,821 | -6.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.