HDS MANAGEMENT & 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.
HDS MANAGEMENT & CONSULTING
Largest movements
- Current investments +€141,374
up €141,374 (+84.4%), from €167,495 to €308,869
- Cash -€20,751
down €20,751 (-17.8%), from €116,906 to €96,155
mainly Current investments (-€141,374) and Tax, wage and social debts (-€8,596)
- Tangible fixed assets -€13,230
down €13,230 (-22.0%), from €60,077 to €46,847
of which Furniture and vehicles: -€13,010
- Reserves +€111,742
up €111,742 (+43.5%), from €257,009 to €368,751
of which Distributable reserves: +€111,742
- Tax, wage and social debts -€8,596
down €8,596 (-26.2%), from €32,799 to €24,203
- Trade debts +€6,411
up €6,411 (+514%), from €1,247 to €7,657
- Gross operating margin +€46,158
up €46,158 (+35.0%), from €131,916 to €178,074
- Taxes +€12,210
up €12,210 (+29.8%), from €40,921 to €53,130
- Financial charges +€11,759
up €11,759 (+93.2%), from -€12,621 to -€862
- Depreciation +€5,100
up €5,100 (+62.7%), from €8,130 to €13,230
- Financial income -€3,483
down €3,483 (-100%), from €3,483 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,812 | €476,435 | +€107,623 | +29.2% |
| Fixed assets | 21/28 | €60,077 | €46,847 | -€13,230 | -22.0% |
| Tangible fixed assets | 22/27 | €60,077 | €46,847 | -€13,230 | -22.0% |
| Land and buildings | 22 | €3,924 | €3,703 | -€220 | -5.6% |
| Furniture and vehicles | 24 | €56,154 | €43,144 | -€13,010 | -23.2% |
| Current assets | 29/58 | €308,735 | €429,588 | +€120,853 | +39.1% |
| Amounts receivable within one year | 40/41 | €24,163 | €24,179 | +€16 | +0.1% |
| Trade receivables | 40 | €24,163 | €24,179 | +€16 | +0.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €167,495 | €308,869 | +€141,374 | +84.4% |
| Cash at bank and in hand | 54/58 | €116,906 | €96,155 | -€20,751 | -17.8% |
| Deferred charges and accrued income | 490/1 | €171 | €384 | +€214 | +125% |
| Total equity and liabilities | 10/49 | €368,812 | €476,435 | +€107,623 | +29.2% |
| Equity | 10/15 | €312,724 | €424,466 | +€111,742 | +35.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €257,009 | €368,751 | +€111,742 | +43.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,450 | €7,450 | = | 0.0% |
| Distributable reserves | 133 | €249,559 | €361,301 | +€111,742 | +44.8% |
| Profit (loss) carried forward | 14 | €37,165 | €37,165 | = | 0.0% |
| Amounts payable | 17/49 | €56,088 | €51,969 | -€4,119 | -7.3% |
| Amounts payable within one year | 42/48 | €54,260 | €50,422 | -€3,838 | -7.1% |
| Trade debts | 44 | €1,247 | €7,657 | +€6,411 | +514% |
| Suppliers | 440/4 | €1,247 | €7,657 | +€6,411 | +514% |
| Taxes, remuneration and social security | 45 | €32,799 | €24,203 | -€8,596 | -26.2% |
| Taxes | 450/3 | €32,799 | €24,203 | -€8,596 | -26.2% |
| Other amounts payable | 47/48 | €20,214 | €18,562 | -€1,653 | -8.2% |
| Accrued charges and deferred income | 492/3 | €1,828 | €1,547 | -€281 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,130 | €13,230 | +€5,100 | +62.7% |
| Other operating charges | 640/8 | €1,161 | €833 | -€328 | -28.3% |
| Gross operating margin | 9900 | €131,916 | €178,074 | +€46,158 | +35.0% |
| Operating profit (loss) | 9901 | €122,625 | €164,011 | +€41,386 | +33.8% |
| Financial income | 75/76B | €3,483 | €0 | -€3,483 | -100% |
| Recurring financial income | 75 | €3,483 | €0 | -€3,483 | -100% |
| Financial charges | 65/66B | -€12,621 | -€862 | +€11,759 | +93.2% |
| Recurring financial charges | 65 | -€12,621 | -€862 | +€11,759 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €138,729 | €164,872 | +€26,144 | +18.8% |
| Income taxes | 67/77 | €40,921 | €53,130 | +€12,210 | +29.8% |
| Profit (loss) for the period | 9904 | €97,808 | €111,742 | +€13,934 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,808 | €111,742 | +€13,934 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.