HEDLINE CONSULTING & SERVICES: what changed
What changed
HEDLINE CONSULTING & SERVICES
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€11,752
2024 · €21,027-€32,779
Equity
€31,167
2024 · €42,919-€11,752
Cash
€12,783
2024 · €11,264+€1,519
Balance sheet total
€244,605
2024 · €81,697+€162,908
Largest movements
Assets
- Financial fixed assets +€90,000
new in 2025: €90,000
- Receivables after one year +€90,000
new in 2025: €90,000
- Receivables within one year -€17,836
down €17,836 (-25.6%), from €69,659 to €51,822
of which Other amounts receivable: -€15,681
Equity and liabilities
- Debts after one year +€147,623
new in 2025: €147,623
- Other debts +€29,799
new in 2025: €29,799
- Current portion of long-term debt +€16,887
new in 2025: €16,887
- Trade debts -€15,668
down €15,668 (-80.0%), from €19,588 to €3,919
- Reserves -€11,752
down €11,752 (-27.5%), from €42,669 to €30,917
Income statement
- Gross operating margin -€35,427
down €35,427, from €30,416 to -€5,011
- Taxes -€5,000
no longer reported in 2025 (was €5,000)
- Other operating charges +€1,567
up €1,567 (+140%), from €1,118 to €2,685
- Financial charges +€1,246
up €1,246 (+61.2%), from €2,035 to €3,281
- Depreciation -€461
down €461 (-37.3%), from €1,236 to €775
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
€21,027
Gross operating margin
-€35,427
Depreciation
+€461
Other operating charges
-€1,567
Financial charges
-€1,246
Taxes
+€5,000
Result 2025
-€11,752
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
-€72,991
Investment
-€90,000
Financing
+€164,510
Cash 2024
€11,264
From operations (derived)
-€72,991
Net result for the year
-€11,752
Depreciation
+€775
Receivables after one year
-€90,000
Receivables within one year
+€17,836
Trade debts
-€15,668
Tax, wage and social debts
-€3,982
Other debts
+€29,799
Investment (derived)
-€90,000
Investment in fixed assets (net)
-€90,000
Financing
+€164,510
Debts after one year
+€147,623
Current portion of long-term debt
+€16,887
Cash 2025
€12,783
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,697 | €244,605 | +€162,908 | +199% |
| Fixed assets | 21/28 | €775 | €90,000 | +€89,225 | +11,518% |
| Tangible fixed assets | 22/27 | €775 | €0 | -€775 | -100% |
| Plant, machinery and equipment | 23 | €695 | - | -€695 | |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Financial fixed assets | 28 | - | €90,000 | +€90,000 | |
| Current assets | 29/58 | €80,923 | €154,605 | +€73,682 | +91.1% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Amounts receivable within one year | 40/41 | €69,659 | €51,822 | -€17,836 | -25.6% |
| Trade receivables | 40 | €15,156 | €13,000 | -€2,156 | -14.2% |
| Other amounts receivable | 41 | €54,503 | €38,822 | -€15,681 | -28.8% |
| Cash at bank and in hand | 54/58 | €11,264 | €12,783 | +€1,519 | +13.5% |
| Total equity and liabilities | 10/49 | €81,697 | €244,605 | +€162,908 | +199% |
| Equity | 10/15 | €42,919 | €31,167 | -€11,752 | -27.4% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €42,669 | €30,917 | -€11,752 | -27.5% |
| Distributable reserves | 133 | €42,669 | €30,917 | -€11,752 | -27.5% |
| Amounts payable | 17/49 | €38,778 | €213,438 | +€174,659 | +450% |
| Amounts payable after more than one year | 17 | - | €147,623 | +€147,623 | |
| Financial debts | 170/4 | - | €147,623 | +€147,623 | |
| Amounts payable within one year | 42/48 | €38,778 | €65,815 | +€27,037 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,887 | +€16,887 | |
| Trade debts | 44 | €19,588 | €3,919 | -€15,668 | -80.0% |
| Suppliers | 440/4 | €19,588 | €3,919 | -€15,668 | -80.0% |
| Taxes, remuneration and social security | 45 | €19,191 | €15,209 | -€3,982 | -20.7% |
| Taxes | 450/3 | €19,191 | €15,209 | -€3,982 | -20.7% |
| Other amounts payable | 47/48 | - | €29,799 | +€29,799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €775 | -€461 | -37.3% |
| Other operating charges | 640/8 | €1,118 | €2,685 | +€1,567 | +140% |
| Gross operating margin | 9900 | €30,416 | -€5,011 | -€35,427 | |
| Operating profit (loss) | 9901 | €28,063 | -€8,471 | -€36,533 | |
| Financial charges | 65/66B | €2,035 | €3,281 | +€1,246 | +61.2% |
| Recurring financial charges | 65 | €2,035 | €3,281 | +€1,246 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €26,027 | -€11,752 | -€37,779 | |
| Income taxes | 67/77 | €5,000 | - | -€5,000 | |
| Profit (loss) for the period | 9904 | €21,027 | -€11,752 | -€32,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,027 | -€11,752 | -€32,779 |
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.