Hegro Consulting: 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.
Hegro Consulting
Largest movements
- Receivables within one year +€50,979
up €50,979 (+354%), from €14,399 to €65,378
of which Other amounts receivable: +€65,378
- Cash -€42,117
down €42,117 (-93.1%), from €45,232 to €3,115
mainly Receivables within one year (-€50,979) and Current investments (-€25,000)
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets +€6,901
new in 2025: €6,901
- Reserves +€42,468
new in 2025: €42,468
- Trade debts -€1,732
down €1,732 (-85.7%), from €2,021 to €289
- Tax, wage and social debts +€1,018
up €1,018 (+6.5%), from €15,736 to €16,754
of which Taxes: +€3,226
- Gross operating margin +€33,788
up €33,788 (+119%), from €28,393 to €62,181
- Taxes +€11,104
up €11,104 (+197%), from €5,650 to €16,754
- Other operating charges +€1,897
new in 2025: €1,897
- Financial income +€1,208
new in 2025: €1,208
- Depreciation +€995
new in 2025: €995
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 | €59,631 | €101,102 | +€41,471 | +69.5% |
| Fixed assets | 21/28 | - | €6,901 | +€6,901 | |
| Tangible fixed assets | 22/27 | - | €6,901 | +€6,901 | |
| Furniture and vehicles | 24 | - | €6,901 | +€6,901 | |
| Current assets | 29/58 | €59,631 | €94,201 | +€34,571 | +58.0% |
| Amounts receivable within one year | 40/41 | €14,399 | €65,378 | +€50,979 | +354% |
| Trade receivables | 40 | €14,399 | €0 | -€14,399 | -100% |
| Other amounts receivable | 41 | - | €65,378 | +€65,378 | |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €45,232 | €3,115 | -€42,117 | -93.1% |
| Deferred charges and accrued income | 490/1 | - | €709 | +€709 | |
| Total equity and liabilities | 10/49 | €59,631 | €101,102 | +€41,471 | +69.5% |
| Equity | 10/15 | €41,591 | €84,059 | +€42,468 | +102% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €42,468 | +€42,468 | |
| Distributable reserves | 133 | - | €42,468 | +€42,468 | |
| Profit (loss) carried forward | 14 | €21,591 | €21,591 | = | 0.0% |
| Amounts payable | 17/49 | €18,040 | €17,043 | -€997 | -5.5% |
| Amounts payable within one year | 42/48 | €18,040 | €17,043 | -€997 | -5.5% |
| Trade debts | 44 | €2,021 | €289 | -€1,732 | -85.7% |
| Suppliers | 440/4 | €2,021 | €289 | -€1,732 | -85.7% |
| Taxes, remuneration and social security | 45 | €15,736 | €16,754 | +€1,018 | +6.5% |
| Taxes | 450/3 | €13,528 | €16,754 | +€3,226 | +23.8% |
| Remuneration and social security | 454/9 | €2,208 | €0 | -€2,208 | -100% |
| Other amounts payable | 47/48 | €283 | €0 | -€283 | -100% |
| Remuneration, social security and pensions | 62 | €704 | €102 | -€602 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €995 | +€995 | |
| Other operating charges | 640/8 | - | €1,897 | +€1,897 | |
| Gross operating margin | 9900 | €28,393 | €62,181 | +€33,788 | +119% |
| Operating profit (loss) | 9901 | €27,689 | €59,187 | +€31,498 | +114% |
| Financial income | 75/76B | - | €1,208 | +€1,208 | |
| Recurring financial income | 75 | - | €1,208 | +€1,208 | |
| Financial charges | 65/66B | €448 | €1,173 | +€725 | +162% |
| Recurring financial charges | 65 | €448 | €1,173 | +€725 | +162% |
| Profit (loss) for the period before taxes | 9903 | €27,241 | €59,222 | +€31,981 | +117% |
| Income taxes | 67/77 | €5,650 | €16,754 | +€11,104 | +197% |
| Profit (loss) for the period | 9904 | €21,591 | €42,468 | +€20,877 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,591 | €42,468 | +€20,877 | +96.7% |
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.