HESC 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.
HESC CONSULT
Largest movements
- Receivables within one year +€67,308
up €67,308 (+691%), from €9,745 to €77,054
of which Other amounts receivable: +€43,934
- Cash -€39,940
down €39,940 (-38.3%), from €104,172 to €64,232
mainly Receivables within one year (-€67,308) and Investment in fixed assets (net) (-€36,529)
- Tangible fixed assets +€31,965
up €31,965 (+5,166%), from €619 to €32,584
- Profit (loss) carried forward +€37,810
up €37,810 (+39.6%), from €95,597 to €133,407
- Debts after one year +€16,903
new in 2025: €16,903
- Current portion of long-term debt +€10,851
new in 2025: €10,851
- Tax, wage and social debts -€3,626
down €3,626 (-24.2%), from €14,966 to €11,340
of which Remuneration and social security: -€12,850
- Gross operating margin -€10,557
down €10,557 (-16.4%), from €64,514 to €53,957
- Depreciation +€4,403
up €4,403 (+2,749%), from €160 to €4,564
- Taxes -€2,777
down €2,777 (-21.6%), from €12,874 to €10,097
- Other operating charges +€891
new in 2025: €891
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 | €114,536 | €175,091 | +€60,555 | +52.9% |
| Fixed assets | 21/28 | €619 | €32,584 | +€31,965 | +5,166% |
| Tangible fixed assets | 22/27 | €619 | €32,584 | +€31,965 | +5,166% |
| Furniture and vehicles | 24 | €619 | €32,584 | +€31,965 | +5,166% |
| Current assets | 29/58 | €113,917 | €142,507 | +€28,590 | +25.1% |
| Amounts receivable within one year | 40/41 | €9,745 | €77,054 | +€67,308 | +691% |
| Trade receivables | 40 | €9,745 | €33,119 | +€23,374 | +240% |
| Other amounts receivable | 41 | - | €43,934 | +€43,934 | |
| Cash at bank and in hand | 54/58 | €104,172 | €64,232 | -€39,940 | -38.3% |
| Deferred charges and accrued income | 490/1 | - | €1,221 | +€1,221 | |
| Total equity and liabilities | 10/49 | €114,536 | €175,091 | +€60,555 | +52.9% |
| Equity | 10/15 | €97,597 | €135,407 | +€37,810 | +38.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,597 | €133,407 | +€37,810 | +39.6% |
| Amounts payable | 17/49 | €16,939 | €39,684 | +€22,745 | +134% |
| Amounts payable after more than one year | 17 | - | €16,903 | +€16,903 | |
| Financial debts | 170/4 | - | €16,903 | +€16,903 | |
| Amounts payable within one year | 42/48 | €16,939 | €22,781 | +€5,842 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,851 | +€10,851 | |
| Trade debts | 44 | €577 | €590 | +€13 | +2.3% |
| Suppliers | 440/4 | €577 | €590 | +€13 | +2.3% |
| Taxes, remuneration and social security | 45 | €14,966 | €11,340 | -€3,626 | -24.2% |
| Taxes | 450/3 | €2,116 | €11,340 | +€9,224 | +436% |
| Remuneration and social security | 454/9 | €12,850 | - | -€12,850 | |
| Other amounts payable | 47/48 | €1,396 | - | -€1,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €4,564 | +€4,403 | +2,749% |
| Other operating charges | 640/8 | - | €891 | +€891 | |
| Gross operating margin | 9900 | €64,514 | €53,957 | -€10,557 | -16.4% |
| Operating profit (loss) | 9901 | €64,353 | €48,502 | -€15,851 | -24.6% |
| Financial charges | 65/66B | €34 | €595 | +€560 | +1,629% |
| Recurring financial charges | 65 | €34 | €595 | +€560 | +1,629% |
| Profit (loss) for the period before taxes | 9903 | €64,319 | €47,907 | -€16,412 | -25.5% |
| Income taxes | 67/77 | €12,874 | €10,097 | -€2,777 | -21.6% |
| Profit (loss) for the period | 9904 | €51,445 | €37,810 | -€13,635 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,445 | €37,810 | -€13,635 | -26.5% |
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 21 October 2026 via checked.be.