HEADWAY CONSULTING GROUP: what changed
What changed
HEADWAY CONSULTING GROUP
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€67,291
2024 · €938+€66,353
Equity
€111,962
2024 · €44,671+€67,291
Cash
€85,047
2024 · €1,940+€83,107
Balance sheet total
€469,948
2024 · €382,985+€86,964
Largest movements
Assets
- Cash +€83,107
up €83,107 (+4,285%), from €1,940 to €85,047
mainly Net result for the year (+€67,291) and Tax, wage and social debts (+€31,894)
- Tangible fixed assets -€11,679
down €11,679 (-3.1%), from €381,045 to €369,366
of which Land and buildings: -€12,931
- Receivables within one year +€9,983
new in 2025: €9,983
- Deferred charges and accrued income +€5,553
new in 2025: €5,553
Equity and liabilities
- Profit (loss) carried forward +€67,291
up €67,291, from -€5,329 to €61,962
- Tax, wage and social debts +€31,894
new in 2025: €31,894
- Debts after one year -€16,388
down €16,388 (-5.3%), from €309,602 to €293,213
- Advances received +€10,032
new in 2025: €10,032
- Accrued charges and deferred income -€7,200
down €7,200 (-100%), from €7,200 to €0
Income statement
- Gross operating margin +€90,842
up €90,842 (+542%), from €16,760 to €107,602
- Taxes +€22,556
new in 2025: €22,556
- Other operating charges +€2,800
up €2,800 (+723%), from €387 to €3,188
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€938
Gross operating margin
+€90,842
Depreciation
+€773
Other operating charges
-€2,800
Financial income
+€0
Financial charges
+€93
Taxes
-€22,556
Result 2025
€67,291
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€99,255
Investment
€0
Financing
-€16,148
Cash 2024
€1,940
From operations (derived)
+€99,255
Net result for the year
+€67,291
Depreciation
+€11,679
Receivables within one year
-€9,983
Deferred charges and accrued income
-€5,553
Trade debts
+€1,593
Tax, wage and social debts
+€31,894
Advances received
+€10,032
Other debts
-€499
Accrued charges and deferred income
-€7,200
Financing
-€16,148
Debts after one year
-€16,388
Current portion of long-term debt
+€241
Cash 2025
€85,047
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €382,985 | €469,948 | +€86,964 | +22.7% |
| Fixed assets | 21/28 | €381,045 | €369,366 | -€11,679 | -3.1% |
| Tangible fixed assets | 22/27 | €381,045 | €369,366 | -€11,679 | -3.1% |
| Land and buildings | 22 | €381,045 | €368,114 | -€12,931 | -3.4% |
| Other tangible fixed assets | 26 | - | €1,252 | +€1,252 | |
| Current assets | 29/58 | €1,940 | €100,582 | +€98,643 | +5,085% |
| Amounts receivable within one year | 40/41 | - | €9,983 | +€9,983 | |
| Trade receivables | 40 | - | €9,983 | +€9,983 | |
| Cash at bank and in hand | 54/58 | €1,940 | €85,047 | +€83,107 | +4,285% |
| Deferred charges and accrued income | 490/1 | - | €5,553 | +€5,553 | |
| Total equity and liabilities | 10/49 | €382,985 | €469,948 | +€86,964 | +22.7% |
| Equity | 10/15 | €44,671 | €111,962 | +€67,291 | +151% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,329 | €61,962 | +€67,291 | |
| Amounts payable | 17/49 | €338,314 | €357,986 | +€19,672 | +5.8% |
| Amounts payable after more than one year | 17 | €309,602 | €293,213 | -€16,388 | -5.3% |
| Financial debts | 170/4 | €309,602 | €293,213 | -€16,388 | -5.3% |
| Amounts payable within one year | 42/48 | €21,512 | €64,773 | +€43,260 | +201% |
| Current portion of amounts payable after more than one year | 42 | €16,148 | €16,388 | +€241 | +1.5% |
| Trade debts | 44 | €1,047 | €2,640 | +€1,593 | +152% |
| Suppliers | 440/4 | €1,047 | €2,640 | +€1,593 | +152% |
| Advances received on contracts in progress | 46 | - | €10,032 | +€10,032 | |
| Taxes, remuneration and social security | 45 | - | €31,894 | +€31,894 | |
| Taxes | 450/3 | - | €31,894 | +€31,894 | |
| Other amounts payable | 47/48 | €4,318 | €3,819 | -€499 | -11.6% |
| Accrued charges and deferred income | 492/3 | €7,200 | €0 | -€7,200 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,452 | €11,679 | -€773 | -6.2% |
| Other operating charges | 640/8 | €387 | €3,188 | +€2,800 | +723% |
| Gross operating margin | 9900 | €16,760 | €107,602 | +€90,842 | +542% |
| Operating profit (loss) | 9901 | €3,920 | €92,736 | +€88,815 | +2,265% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,982 | €2,889 | -€93 | -3.1% |
| Recurring financial charges | 65 | €2,982 | €2,889 | -€93 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €938 | €89,847 | +€88,909 | +9,475% |
| Income taxes | 67/77 | - | €22,556 | +€22,556 | |
| Profit (loss) for the period | 9904 | €938 | €67,291 | +€66,353 | +7,071% |
| Profit (loss) for the period to be appropriated | 9905 | €938 | €67,291 | +€66,353 | +7,071% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.