HDV Consult: 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.
HDV Consult
Largest movements
- Tangible fixed assets -€1,580
down €1,580 (-42.8%), from €3,690 to €2,109
of which Plant, machinery and equipment: -€1,324
- Cash -€1,373
down €1,373 (-5.0%), from €27,741 to €26,367
mainly Other debts (-€1,610) and Receivables within one year (-€1,068)
- Receivables within one year +€1,068
up €1,068 (+36.0%), from €2,967 to €4,035
of which Trade receivables: +€898
- Other debts -€1,610
no longer reported in 2025 (was €1,610)
- Profit (loss) carried forward -€834
down €834 (-12.6%), from €6,612 to €5,779
- Tax, wage and social debts +€427
up €427 (+387.4%), from €110 to €537
- Gross operating margin +€886
up €886 (+246.7%), from €359 to €1,244
- Turnover +€790
up €790 (+7.4%), from €10,680 to €11,470
- Depreciation +€182
up €182 (+13.0%), from €1,398 to €1,580
- Other operating charges -€166
down €166 (-29.3%), from €565 to €400
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 | €34,397 | €32,512 | -€1,885 | -5.5% |
| Fixed assets | 21/28 | €3,690 | €2,109 | -€1,580 | -42.8% |
| Tangible fixed assets | 22/27 | €3,690 | €2,109 | -€1,580 | -42.8% |
| Plant, machinery and equipment | 23 | €3,176 | €1,852 | -€1,324 | -41.7% |
| Furniture and vehicles | 24 | €514 | €257 | -€257 | -49.9% |
| Current assets | 29/58 | €30,708 | €30,403 | -€305 | -1.0% |
| Amounts receivable within one year | 40/41 | €2,967 | €4,035 | +€1,068 | +36.0% |
| Trade receivables | 40 | €2,958 | €3,857 | +€898 | +30.4% |
| Other amounts receivable | 41 | €9 | €179 | +€170 | +1957.6% |
| Cash at bank and in hand | 54/58 | €27,741 | €26,367 | -€1,373 | -5.0% |
| Total equity and liabilities | 10/49 | €34,397 | €32,512 | -€1,885 | -5.5% |
| Equity | 10/15 | €32,677 | €31,843 | -€834 | -2.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,514 | €7,514 | = | 0.0% |
| Distributable reserves | 133 | €7,514 | €7,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,612 | €5,779 | -€834 | -12.6% |
| Amounts payable | 17/49 | €1,721 | €669 | -€1,051 | -61.1% |
| Amounts payable within one year | 42/48 | €1,721 | €669 | -€1,051 | -61.1% |
| Trade debts | 44 | - | €132 | +€132 | |
| Suppliers | 440/4 | - | €132 | +€132 | |
| Taxes, remuneration and social security | 45 | €110 | €537 | +€427 | +387.4% |
| Taxes | 450/3 | €110 | €537 | +€427 | +387.4% |
| Other amounts payable | 47/48 | €1,610 | - | -€1,610 | |
| Turnover | 70 | €10,680 | €11,470 | +€790 | +7.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,321 | €10,226 | -€96 | -0.9% |
| Remuneration, social security and pensions | 62 | €9 | €32 | +€23 | +258.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,398 | €1,580 | +€182 | +13.0% |
| Other operating charges | 640/8 | €565 | €400 | -€166 | -29.3% |
| Gross operating margin | 9900 | €359 | €1,244 | +€886 | +246.7% |
| Operating profit (loss) | 9901 | -€1,614 | -€768 | +€846 | +52.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €62 | €66 | +€4 | +7.1% |
| Recurring financial charges | 65 | €62 | €66 | +€4 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,675 | -€834 | +€841 | +50.2% |
| Profit (loss) for the period | 9904 | -€1,675 | -€834 | +€841 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,675 | -€834 | +€841 | +50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.