Hepta 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.
Hepta consult
Largest movements
- Cash +€48,325
up €48,325 (+200%), from €24,115 to €72,440
mainly Net result for the year (+€26,035) and Other debts (+€17,998)
- Current investments +€19,781
up €19,781 (+10.5%), from €187,573 to €207,354
- Receivables within one year -€13,973
no longer reported in 2025 (was €13,973)
- Financial fixed assets -€3,100
no longer reported in 2025 (was €3,100)
- Reserves +€26,035
up €26,035 (+18.8%), from €138,539 to €164,574
- Other debts +€17,998
up €17,998 (+1,799%), from €1,001 to €18,999
- Financial charges +€41,141
up €41,141 (+1,625%), from €2,532 to €43,673
- Provisions -€35,907
down €35,907 (-98.1%), from €36,592 to €685
- Gross operating margin +€7,964
up €7,964 (+10.1%), from €78,809 to €86,772
- Financial income +€7,669
up €7,669 (+119%), from €6,427 to €14,096
- Taxes +€2,326
up €2,326 (+11.4%), from €20,335 to €22,662
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 | €243,679 | €291,016 | +€47,336 | +19.4% |
| Fixed assets | 21/28 | €13,691 | €8,277 | -€5,414 | -39.5% |
| Tangible fixed assets | 22/27 | €10,591 | €8,277 | -€2,314 | -21.8% |
| Plant, machinery and equipment | 23 | €8,448 | €6,509 | -€1,939 | -23.0% |
| Furniture and vehicles | 24 | €2,144 | €1,769 | -€375 | -17.5% |
| Financial fixed assets | 28 | €3,100 | - | -€3,100 | |
| Current assets | 29/58 | €229,988 | €282,738 | +€52,750 | +22.9% |
| Amounts receivable within one year | 40/41 | €13,973 | - | -€13,973 | |
| Other amounts receivable | 41 | €13,973 | - | -€13,973 | |
| Current investments | 50/53 | €187,573 | €207,354 | +€19,781 | +10.5% |
| Cash at bank and in hand | 54/58 | €24,115 | €72,440 | +€48,325 | +200% |
| Deferred charges and accrued income | 490/1 | €4,328 | €2,945 | -€1,383 | -32.0% |
| Total equity and liabilities | 10/49 | €243,679 | €291,016 | +€47,336 | +19.4% |
| Equity | 10/15 | €201,816 | €227,851 | +€26,035 | +12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,539 | €164,574 | +€26,035 | +18.8% |
| Distributable reserves | 133 | €138,539 | €164,574 | +€26,035 | +18.8% |
| Profit (loss) carried forward | 14 | €50,878 | €50,878 | = | 0.0% |
| Provisions and deferred taxes | 16 | €36,592 | €37,277 | +€685 | +1.9% |
| Provisions for liabilities and charges | 160/5 | €36,592 | €37,277 | +€685 | +1.9% |
| Other liabilities and charges | 164/5 | €36,592 | €37,277 | +€685 | +1.9% |
| Amounts payable | 17/49 | €5,271 | €25,887 | +€20,616 | +391% |
| Amounts payable within one year | 42/48 | €5,271 | €25,887 | +€20,616 | +391% |
| Trade debts | 44 | €1,807 | €3,145 | +€1,339 | +74.1% |
| Suppliers | 440/4 | €1,807 | €3,145 | +€1,339 | +74.1% |
| Taxes, remuneration and social security | 45 | €2,464 | €3,743 | +€1,279 | +51.9% |
| Taxes | 450/3 | €2,464 | €3,743 | +€1,279 | +51.9% |
| Other amounts payable | 47/48 | €1,001 | €18,999 | +€17,998 | +1,799% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,296 | €2,314 | +€18 | +0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €36,592 | €685 | -€35,907 | -98.1% |
| Other operating charges | 640/8 | €1,110 | €2,399 | +€1,289 | +116% |
| Non-recurring operating charges | 66A | - | €3,100 | +€3,100 | |
| Gross operating margin | 9900 | €78,809 | €86,772 | +€7,964 | +10.1% |
| Operating profit (loss) | 9901 | €38,811 | €78,274 | +€39,463 | +102% |
| Financial income | 75/76B | €6,427 | €14,096 | +€7,669 | +119% |
| Recurring financial income | 75 | €6,427 | €14,096 | +€7,669 | +119% |
| Financial charges | 65/66B | €2,532 | €43,673 | +€41,141 | +1,625% |
| Recurring financial charges | 65 | €2,532 | €43,673 | +€41,141 | +1,625% |
| Profit (loss) for the period before taxes | 9903 | €42,706 | €48,697 | +€5,991 | +14.0% |
| Income taxes | 67/77 | €20,335 | €22,662 | +€2,326 | +11.4% |
| Profit (loss) for the period | 9904 | €22,371 | €26,035 | +€3,664 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,371 | €26,035 | +€3,664 | +16.4% |
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 17 October 2026 via checked.be.