Head 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.
Head Consulting
Largest movements
- Receivables within one year +€6,146
up €6,146 (+46.3%), from €13,283 to €19,429
of which Trade receivables: +€3,719
- Cash +€2,735
up €2,735 (+20.4%), from €13,427 to €16,162
mainly Net result for the year (+€7,194) and Tax, wage and social debts (+€1,397)
- Reserves +€7,194
up €7,194 (+75.8%), from €9,488 to €16,682
- Tax, wage and social debts +€1,397
up €1,397 (+9.7%), from €14,436 to €15,833
of which Taxes: +€3,723
- Gross operating margin -€3,077
down €3,077 (-20.3%), from €15,193 to €12,117
- Taxes -€994
down €994 (-21.6%), from €4,594 to €3,600
- Financial income -€332
down €332 (-91.7%), from €362 to €30
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 | €28,985 | €37,565 | +€8,580 | +29.6% |
| Fixed assets | 21/28 | €2,275 | €1,974 | -€301 | -13.2% |
| Tangible fixed assets | 22/27 | €2,275 | €1,974 | -€301 | -13.2% |
| Plant, machinery and equipment | 23 | €2,275 | €1,974 | -€301 | -13.2% |
| Current assets | 29/58 | €26,710 | €35,591 | +€8,881 | +33.2% |
| Amounts receivable within one year | 40/41 | €13,283 | €19,429 | +€6,146 | +46.3% |
| Trade receivables | 40 | €11,414 | €15,133 | +€3,719 | +32.6% |
| Other amounts receivable | 41 | €1,868 | €4,296 | +€2,428 | +130% |
| Cash at bank and in hand | 54/58 | €13,427 | €16,162 | +€2,735 | +20.4% |
| Total equity and liabilities | 10/49 | €28,985 | €37,565 | +€8,580 | +29.6% |
| Equity | 10/15 | €14,538 | €21,732 | +€7,194 | +49.5% |
| Contributions | 10/11 | €5,050 | €5,050 | = | 0.0% |
| Reserves | 13 | €9,488 | €16,682 | +€7,194 | +75.8% |
| Distributable reserves | 133 | €9,488 | €16,682 | +€7,194 | +75.8% |
| Amounts payable | 17/49 | €14,447 | €15,833 | +€1,386 | +9.6% |
| Amounts payable within one year | 42/48 | €14,447 | €15,833 | +€1,386 | +9.6% |
| Taxes, remuneration and social security | 45 | €14,436 | €15,833 | +€1,397 | +9.7% |
| Taxes | 450/3 | €12,109 | €15,833 | +€3,723 | +30.7% |
| Remuneration and social security | 454/9 | €2,326 | - | -€2,326 | |
| Other amounts payable | 47/48 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €301 | -€133 | -30.7% |
| Other operating charges | 640/8 | €905 | €1,004 | +€99 | +10.9% |
| Gross operating margin | 9900 | €15,193 | €12,117 | -€3,077 | -20.3% |
| Operating profit (loss) | 9901 | €13,854 | €10,812 | -€3,042 | -22.0% |
| Financial income | 75/76B | €362 | €30 | -€332 | -91.7% |
| Recurring financial income | 75 | €362 | €30 | -€332 | -91.7% |
| Financial charges | 65/66B | €134 | €48 | -€86 | -64.3% |
| Recurring financial charges | 65 | €134 | €48 | -€86 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €14,082 | €10,794 | -€3,288 | -23.4% |
| Income taxes | 67/77 | €4,594 | €3,600 | -€994 | -21.6% |
| Profit (loss) for the period | 9904 | €9,488 | €7,194 | -€2,294 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,488 | €7,194 | -€2,294 | -24.2% |
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 14 October 2026 via checked.be.