Hecaro Consulting: what changed
Hecaro Consulting
Largest movements
- Cash -€117,922
down €117,922 (-46.6%), from €253,151 to €135,229
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€24,166)
- Receivables within one year +€24,166
up €24,166 (+136%), from €17,732 to €41,897
of which Other amounts receivable: +€14,000
- Tangible fixed assets -€3,714
down €3,714 (-29.8%), from €12,473 to €8,758
of which Furniture and vehicles: -€3,525
- Deferred charges and accrued income -€2,941
down €2,941 (-100%), from €2,941 to €0
- Reserves -€104,746
down €104,746 (-68.3%), from €153,280 to €48,535
- Tax, wage and social debts +€21,178
up €21,178 (+25.0%), from €84,721 to €105,898
of which Taxes: +€21,298
- Other debts -€15,908
down €15,908 (-45.9%), from €34,628 to €18,720
- Gross operating margin +€66,156
up €66,156 (+33.8%), from €195,515 to €261,671
- Taxes +€18,223
up €18,223 (+40.3%), from €45,250 to €63,473
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,296 | €185,884 | -€100,412 | -35.1% |
| Fixed assets | 21/28 | €12,473 | €8,758 | -€3,714 | -29.8% |
| Tangible fixed assets | 22/27 | €12,473 | €8,758 | -€3,714 | -29.8% |
| Plant, machinery and equipment | 23 | €1,349 | €1,159 | -€189 | -14.1% |
| Furniture and vehicles | 24 | €11,124 | €7,599 | -€3,525 | -31.7% |
| Current assets | 29/58 | €273,824 | €177,126 | -€96,698 | -35.3% |
| Amounts receivable within one year | 40/41 | €17,732 | €41,897 | +€24,166 | +136% |
| Trade receivables | 40 | €17,732 | €27,897 | +€10,166 | +57.3% |
| Other amounts receivable | 41 | - | €14,000 | +€14,000 | |
| Cash at bank and in hand | 54/58 | €253,151 | €135,229 | -€117,922 | -46.6% |
| Deferred charges and accrued income | 490/1 | €2,941 | €0 | -€2,941 | -100% |
| Total equity and liabilities | 10/49 | €286,296 | €185,884 | -€100,412 | -35.1% |
| Equity | 10/15 | €155,280 | €50,535 | -€104,746 | -67.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €153,280 | €48,535 | -€104,746 | -68.3% |
| Distributable reserves | 133 | €153,280 | €48,535 | -€104,746 | -68.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,016 | €135,349 | +€4,334 | +3.3% |
| Amounts payable within one year | 42/48 | €131,016 | €135,349 | +€4,334 | +3.3% |
| Trade debts | 44 | €11,667 | €10,731 | -€936 | -8.0% |
| Suppliers | 440/4 | €11,667 | €10,731 | -€936 | -8.0% |
| Taxes, remuneration and social security | 45 | €84,721 | €105,898 | +€21,178 | +25.0% |
| Taxes | 450/3 | €84,601 | €105,898 | +€21,298 | +25.2% |
| Remuneration and social security | 454/9 | €120 | €0 | -€120 | -100% |
| Other amounts payable | 47/48 | €34,628 | €18,720 | -€15,908 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,607 | €4,788 | +€181 | +3.9% |
| Other operating charges | 640/8 | €861 | €566 | -€295 | -34.3% |
| Gross operating margin | 9900 | €195,515 | €261,671 | +€66,156 | +33.8% |
| Operating profit (loss) | 9901 | €190,048 | €256,318 | +€66,270 | +34.9% |
| Financial income | 75/76B | €442 | €2,486 | +€2,044 | +462% |
| Recurring financial income | 75 | €442 | €2,486 | +€2,044 | +462% |
| Financial charges | 65/66B | €1,118 | €76 | -€1,042 | -93.2% |
| Recurring financial charges | 65 | €1,118 | €76 | -€1,042 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €189,372 | €258,727 | +€69,356 | +36.6% |
| Income taxes | 67/77 | €45,250 | €63,473 | +€18,223 | +40.3% |
| Profit (loss) for the period | 9904 | €144,121 | €195,254 | +€51,133 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,121 | €195,254 | +€51,133 | +35.5% |
Next steps
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 3 November 2026 via checked.be.