HeCate Consult: 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.
HeCate Consult
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€24,559
down €24,559 (-32.3%), from €76,024 to €51,465
mainly Current investments (-€80,000) and Tax, wage and social debts (-€2,749)
- Profit (loss) carried forward +€58,516
up €58,516 (+66.6%), from €87,916 to €146,432
- Tax, wage and social debts -€2,749
down €2,749 (-42.0%), from €6,542 to €3,793
- Gross operating margin -€40,193
down €40,193 (-34.8%), from €115,620 to €75,427
- Taxes -€8,498
down €8,498 (-35.7%), from €23,797 to €15,299
- Staff costs -€2,520
no longer reported in 2025 (was €2,520)
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 | €96,158 | €151,225 | +€55,067 | +57.3% |
| Fixed assets | 21/28 | €5,509 | €4,041 | -€1,468 | -26.6% |
| Tangible fixed assets | 22/27 | €5,509 | €4,041 | -€1,468 | -26.6% |
| Plant, machinery and equipment | 23 | €2,269 | €1,738 | -€531 | -23.4% |
| Furniture and vehicles | 24 | €3,240 | €2,303 | -€937 | -28.9% |
| Current assets | 29/58 | €90,649 | €147,184 | +€56,535 | +62.4% |
| Amounts receivable within one year | 40/41 | €14,625 | €15,719 | +€1,094 | +7.5% |
| Trade receivables | 40 | €14,520 | €15,440 | +€920 | +6.3% |
| Other amounts receivable | 41 | €105 | €279 | +€174 | +166% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €76,024 | €51,465 | -€24,559 | -32.3% |
| Total equity and liabilities | 10/49 | €96,158 | €151,225 | +€55,067 | +57.3% |
| Equity | 10/15 | €88,916 | €147,432 | +€58,516 | +65.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,916 | €146,432 | +€58,516 | +66.6% |
| Amounts payable | 17/49 | €7,242 | €3,793 | -€3,449 | -47.6% |
| Amounts payable within one year | 42/48 | €7,242 | €3,793 | -€3,449 | -47.6% |
| Trade debts | 44 | €700 | - | -€700 | |
| Suppliers | 440/4 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | €6,542 | €3,793 | -€2,749 | -42.0% |
| Taxes | 450/3 | €6,542 | €3,793 | -€2,749 | -42.0% |
| Remuneration, social security and pensions | 62 | €2,520 | - | -€2,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,104 | €1,468 | +€364 | +33.0% |
| Other operating charges | 640/8 | €222 | €101 | -€121 | -54.5% |
| Gross operating margin | 9900 | €115,620 | €75,427 | -€40,193 | -34.8% |
| Operating profit (loss) | 9901 | €111,774 | €73,858 | -€37,916 | -33.9% |
| Financial charges | 65/66B | €61 | €43 | -€18 | -29.5% |
| Recurring financial charges | 65 | €61 | €43 | -€18 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €111,713 | €73,815 | -€37,898 | -33.9% |
| Income taxes | 67/77 | €23,797 | €15,299 | -€8,498 | -35.7% |
| Profit (loss) for the period | 9904 | €87,916 | €58,516 | -€29,400 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,916 | €58,516 | -€29,400 | -33.4% |
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 15 October 2026 via checked.be.