HEGU 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.
HEGU Consulting
Largest movements
- Cash +€68,930
up €68,930 (+38.6%), from €178,463 to €247,393
mainly Other debts (+€149,530) and Net result for the year (+€96,376)
- Receivables within one year +€21,565
up €21,565 (+144%), from €15,004 to €36,569
of which Other amounts receivable: +€20,234
- Deferred charges and accrued income -€14,493
down €14,493 (-88.4%), from €16,396 to €1,903
- Other debts +€149,530
up €149,530 (+2,547%), from €5,872 to €155,402
- Reserves -€78,624
down €78,624 (-28.5%), from €275,640 to €197,016
- Tax, wage and social debts +€7,703
up €7,703 (+56.9%), from €13,533 to €21,237
of which Taxes: +€7,703
- Gross operating margin +€14,016
up €14,016 (+12.5%), from €111,789 to €125,805
- Taxes +€5,921
up €5,921 (+24.1%), from €24,526 to €30,447
- Financial income +€1,753
up €1,753 (+88.6%), from €1,978 to €3,731
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 | €301,907 | €381,139 | +€79,232 | +26.2% |
| Fixed assets | 21/28 | €2,053 | €4,289 | +€2,235 | +109% |
| Tangible fixed assets | 22/27 | €1,998 | €4,234 | +€2,235 | +112% |
| Furniture and vehicles | 24 | €1,998 | €1,165 | -€833 | -41.7% |
| Other tangible fixed assets | 26 | - | €3,069 | +€3,069 | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €299,854 | €376,851 | +€76,997 | +25.7% |
| Amounts receivable within one year | 40/41 | €15,004 | €36,569 | +€21,565 | +144% |
| Trade receivables | 40 | €15,004 | €16,335 | +€1,331 | +8.9% |
| Other amounts receivable | 41 | €0 | €20,234 | +€20,234 | |
| Current investments | 50/53 | €89,991 | €90,985 | +€995 | +1.1% |
| Cash at bank and in hand | 54/58 | €178,463 | €247,393 | +€68,930 | +38.6% |
| Deferred charges and accrued income | 490/1 | €16,396 | €1,903 | -€14,493 | -88.4% |
| Total equity and liabilities | 10/49 | €301,907 | €381,139 | +€79,232 | +26.2% |
| Equity | 10/15 | €280,640 | €202,016 | -€78,624 | -28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €275,640 | €197,016 | -€78,624 | -28.5% |
| Distributable reserves | 133 | €275,640 | €197,016 | -€78,624 | -28.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,268 | €179,124 | +€157,856 | +742% |
| Amounts payable within one year | 42/48 | €20,814 | €178,461 | +€157,647 | +757% |
| Trade debts | 44 | €1,409 | €1,822 | +€413 | +29.4% |
| Suppliers | 440/4 | €1,409 | €1,822 | +€413 | +29.4% |
| Taxes, remuneration and social security | 45 | €13,533 | €21,237 | +€7,703 | +56.9% |
| Taxes | 450/3 | €13,533 | €21,237 | +€7,703 | +56.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,872 | €155,402 | +€149,530 | +2,547% |
| Accrued charges and deferred income | 492/3 | €454 | €663 | +€209 | +46.1% |
| Non-recurring operating income | 76A | - | €6,294 | +€6,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832 | €1,016 | +€184 | +22.1% |
| Other operating charges | 640/8 | €796 | €1,006 | +€210 | +26.4% |
| Gross operating margin | 9900 | €111,789 | €125,805 | +€14,016 | +12.5% |
| Operating profit (loss) | 9901 | €110,161 | €123,783 | +€13,622 | +12.4% |
| Financial income | 75/76B | €1,978 | €3,731 | +€1,753 | +88.6% |
| Recurring financial income | 75 | €1,978 | €3,731 | +€1,753 | +88.6% |
| Financial charges | 65/66B | €212 | €691 | +€479 | +226% |
| Recurring financial charges | 65 | €212 | €691 | +€479 | +226% |
| Profit (loss) for the period before taxes | 9903 | €111,927 | €126,823 | +€14,896 | +13.3% |
| Income taxes | 67/77 | €24,526 | €30,447 | +€5,921 | +24.1% |
| Profit (loss) for the period | 9904 | €87,401 | €96,376 | +€8,975 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,401 | €96,376 | +€8,975 | +10.3% |
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 14 October 2026 via checked.be.