HDR 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.
HDR Consulting
Largest movements
- Cash +€31,676
up €31,676 (+32.0%), from €99,087 to €130,763
mainly Net result for the year (+€38,367) and Depreciation (+€5,081)
- Receivables within one year +€5,541
up €5,541 (+55.5%), from €9,983 to €15,523
of which Trade receivables: +€5,445
- Tangible fixed assets -€5,081
down €5,081 (-65.0%), from €7,813 to €2,732
- Profit (loss) carried forward +€38,367
up €38,367 (+41.1%), from €93,421 to €131,788
- Tax, wage and social debts -€6,139
down €6,139 (-28.7%), from €21,368 to €15,230
of which Taxes: -€6,139
- Gross operating margin +€12,931
up €12,931 (+31.1%), from €41,633 to €54,563
- Taxes +€3,172
up €3,172 (+37.8%), from €8,388 to €11,559
- Financial income +€763
new in 2025: €763
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 | €116,882 | €149,018 | +€32,136 | +27.5% |
| Fixed assets | 21/28 | €7,813 | €2,732 | -€5,081 | -65.0% |
| Tangible fixed assets | 22/27 | €7,813 | €2,732 | -€5,081 | -65.0% |
| Furniture and vehicles | 24 | €7,813 | €2,732 | -€5,081 | -65.0% |
| Current assets | 29/58 | €109,069 | €146,286 | +€37,216 | +34.1% |
| Amounts receivable within one year | 40/41 | €9,983 | €15,523 | +€5,541 | +55.5% |
| Trade receivables | 40 | €9,983 | €15,428 | +€5,445 | +54.5% |
| Other amounts receivable | 41 | - | €96 | +€96 | |
| Cash at bank and in hand | 54/58 | €99,087 | €130,763 | +€31,676 | +32.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €116,882 | €149,018 | +€32,136 | +27.5% |
| Equity | 10/15 | €95,421 | €133,788 | +€38,367 | +40.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,421 | €131,788 | +€38,367 | +41.1% |
| Amounts payable | 17/49 | €21,461 | €15,230 | -€6,231 | -29.0% |
| Amounts payable within one year | 42/48 | €21,461 | €15,230 | -€6,231 | -29.0% |
| Trade debts | 44 | €23 | €0 | -€23 | -100% |
| Suppliers | 440/4 | €23 | €0 | -€23 | -100% |
| Taxes, remuneration and social security | 45 | €21,368 | €15,230 | -€6,139 | -28.7% |
| Taxes | 450/3 | €18,868 | €12,730 | -€6,139 | -32.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €69 | €0 | -€69 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,886 | €5,081 | +€195 | +4.0% |
| Other operating charges | 640/8 | €240 | €246 | +€6 | +2.6% |
| Gross operating margin | 9900 | €41,633 | €54,563 | +€12,931 | +31.1% |
| Operating profit (loss) | 9901 | €36,507 | €49,236 | +€12,730 | +34.9% |
| Financial income | 75/76B | - | €763 | +€763 | |
| Recurring financial income | 75 | - | €763 | +€763 | |
| Financial charges | 65/66B | €99 | €73 | -€27 | -26.6% |
| Recurring financial charges | 65 | €99 | €73 | -€27 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €36,407 | €49,926 | +€13,519 | +37.1% |
| Income taxes | 67/77 | €8,388 | €11,559 | +€3,172 | +37.8% |
| Profit (loss) for the period | 9904 | €28,020 | €38,367 | +€10,347 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,020 | €38,367 | +€10,347 | +36.9% |
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 24 October 2026 via checked.be.