HECTAGON CONSULTING: what changed
HECTAGON CONSULTING
Largest movements
- Receivables within one year -€51,703
down €51,703 (-72.9%), from €70,879 to €19,176
of which Other amounts receivable: -€53,674
- Receivables after one year +€41,760
up €41,760 (+36.9%), from €113,023 to €154,783
- Current investments +€25,508
new in 2025: €25,508
- Cash -€21,227
down €21,227 (-74.1%), from €28,652 to €7,425
mainly Receivables after one year (-€41,760) and Current investments (-€25,508)
- Tangible fixed assets +€18,613
up €18,613 (+402%), from €4,633 to €23,246
of which Furniture and vehicles: +€17,278
- Other debts +€15,540
new in 2025: €15,540
- Debts after one year +€14,180
new in 2025: €14,180
- Reserves +€9,861
up €9,861 (+6.4%), from €155,188 to €165,049
of which Distributable reserves: +€9,861
- Tax, wage and social debts -€9,706
down €9,706 (-23.8%), from €40,788 to €31,082
- Current portion of long-term debt +€3,350
new in 2025: €3,350
- Financial charges +€45,638
up €45,638 (+4,093%), from €1,115 to €46,753
- Taxes -€12,123
down €12,123 (-50.8%), from €23,847 to €11,724
- Gross operating margin +€8,029
up €8,029 (+11.1%), from €72,388 to €80,417
- Depreciation +€2,163
up €2,163 (+143%), from €1,516 to €3,678
- Financial income +€1,259
up €1,259 (+14.9%), from €8,454 to €9,713
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 | €217,775 | €251,263 | +€33,488 | +15.4% |
| Fixed assets | 21/28 | €5,062 | €26,675 | +€21,613 | +427% |
| Tangible fixed assets | 22/27 | €4,633 | €23,246 | +€18,613 | +402% |
| Furniture and vehicles | 24 | €3,250 | €20,528 | +€17,278 | +532% |
| Leasing and similar rights | 25 | €1,383 | €2,718 | +€1,335 | +96.5% |
| Financial fixed assets | 28 | €429 | €3,429 | +€3,000 | +699% |
| Current assets | 29/58 | €212,713 | €224,589 | +€11,875 | +5.6% |
| Amounts receivable after more than one year | 29 | €113,023 | €154,783 | +€41,760 | +36.9% |
| Other amounts receivable | 291 | €113,023 | €154,783 | +€41,760 | +36.9% |
| Amounts receivable within one year | 40/41 | €70,879 | €19,176 | -€51,703 | -72.9% |
| Trade receivables | 40 | €17,206 | €19,176 | +€1,970 | +11.5% |
| Other amounts receivable | 41 | €53,674 | - | -€53,674 | |
| Current investments | 50/53 | - | €25,508 | +€25,508 | |
| Cash at bank and in hand | 54/58 | €28,652 | €7,425 | -€21,227 | -74.1% |
| Deferred charges and accrued income | 490/1 | €159 | €17,696 | +€17,537 | +11,029% |
| Total equity and liabilities | 10/49 | €217,775 | €251,263 | +€33,488 | +15.4% |
| Equity | 10/15 | €173,788 | €183,649 | +€9,861 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,188 | €165,049 | +€9,861 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €153,328 | €163,189 | +€9,861 | +6.4% |
| Amounts payable | 17/49 | €43,987 | €67,614 | +€23,627 | +53.7% |
| Amounts payable after more than one year | 17 | - | €14,180 | +€14,180 | |
| Financial debts | 170/4 | - | €14,180 | +€14,180 | |
| Amounts payable within one year | 42/48 | €43,987 | €53,435 | +€9,448 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,350 | +€3,350 | |
| Financial debts | 43 | €143 | - | -€143 | |
| Credit institutions | 430/8 | €143 | - | -€143 | |
| Trade debts | 44 | €3,057 | €3,463 | +€406 | +13.3% |
| Suppliers | 440/4 | €3,057 | €3,463 | +€406 | +13.3% |
| Taxes, remuneration and social security | 45 | €40,788 | €31,082 | -€9,706 | -23.8% |
| Taxes | 450/3 | €40,788 | €31,082 | -€9,706 | -23.8% |
| Other amounts payable | 47/48 | - | €15,540 | +€15,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,516 | €3,678 | +€2,163 | +143% |
| Other operating charges | 640/8 | €621 | €1,255 | +€635 | +102% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €72,388 | €80,417 | +€8,029 | +11.1% |
| Operating profit (loss) | 9901 | €70,251 | €74,983 | +€4,732 | +6.7% |
| Financial income | 75/76B | €8,454 | €9,713 | +€1,259 | +14.9% |
| Recurring financial income | 75 | €8,454 | €9,713 | +€1,259 | +14.9% |
| Financial charges | 65/66B | €1,115 | €46,753 | +€45,638 | +4,093% |
| Recurring financial charges | 65 | €1,115 | €46,753 | +€45,638 | +4,093% |
| Profit (loss) for the period before taxes | 9903 | €77,590 | €37,943 | -€39,647 | -51.1% |
| Income taxes | 67/77 | €23,847 | €11,724 | -€12,123 | -50.8% |
| Profit (loss) for the period | 9904 | €53,744 | €26,219 | -€27,525 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,744 | €26,219 | -€27,525 | -51.2% |
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 2 November 2026 via checked.be.