HF 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.
HF Consult
Largest movements
- Cash +€19,103
up €19,103 (+257%), from €7,429 to €26,532
mainly Net result for the year (+€16,285) and Depreciation (+€1,261)
- Profit (loss) carried forward +€16,285
up €16,285 (+49.6%), from -€32,857 to -€16,572
- Gross operating margin +€31,674
up €31,674, from -€15,457 to €16,217
- Financial income -€936
down €936 (-14.1%), from €6,639 to €5,703
- Other operating charges -€869
down €869 (-62.1%), from €1,400 to €531
- Financial charges +€276
up €276 (+8.3%), from €3,314 to €3,590
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 | €124,099 | €139,941 | +€15,842 | +12.8% |
| Fixed assets | 21/28 | €4,134 | €2,843 | -€1,291 | -31.2% |
| Tangible fixed assets | 22/27 | €4,064 | €2,803 | -€1,261 | -31.0% |
| Furniture and vehicles | 24 | €4,064 | €2,803 | -€1,261 | -31.0% |
| Financial fixed assets | 28 | €70 | €40 | -€30 | -42.9% |
| Current assets | 29/58 | €119,965 | €137,098 | +€17,133 | +14.3% |
| Amounts receivable within one year | 40/41 | €105,158 | €104,248 | -€910 | -0.9% |
| Trade receivables | 40 | €1,149 | €3,520 | +€2,371 | +206% |
| Other amounts receivable | 41 | €104,009 | €100,728 | -€3,281 | -3.2% |
| Cash at bank and in hand | 54/58 | €7,429 | €26,532 | +€19,103 | +257% |
| Deferred charges and accrued income | 490/1 | €7,378 | €6,319 | -€1,059 | -14.4% |
| Total equity and liabilities | 10/49 | €124,099 | €139,941 | +€15,842 | +12.8% |
| Equity | 10/15 | €120,703 | €136,988 | +€16,285 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,360 | €147,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,500 | €145,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,857 | -€16,572 | +€16,285 | +49.6% |
| Amounts payable | 17/49 | €3,396 | €2,953 | -€443 | -13.0% |
| Amounts payable within one year | 42/48 | €3,396 | €2,953 | -€443 | -13.0% |
| Trade debts | 44 | €3,004 | €2,724 | -€280 | -9.3% |
| Suppliers | 440/4 | €3,004 | €2,724 | -€280 | -9.3% |
| Taxes, remuneration and social security | 45 | €392 | €229 | -€162 | -41.5% |
| Taxes | 450/3 | - | €229 | +€229 | |
| Remuneration and social security | 454/9 | €392 | - | -€392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €1,261 | +€79 | +6.6% |
| Other operating charges | 640/8 | €1,400 | €531 | -€869 | -62.1% |
| Gross operating margin | 9900 | -€15,457 | €16,217 | +€31,674 | |
| Operating profit (loss) | 9901 | -€18,040 | €14,424 | +€32,465 | |
| Financial income | 75/76B | €6,639 | €5,703 | -€936 | -14.1% |
| Recurring financial income | 75 | €6,639 | €5,703 | -€936 | -14.1% |
| Financial charges | 65/66B | €3,314 | €3,590 | +€276 | +8.3% |
| Recurring financial charges | 65 | €3,314 | €3,590 | +€276 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,715 | €16,537 | +€31,252 | |
| Income taxes | 67/77 | €158 | €252 | +€95 | +59.9% |
| Profit (loss) for the period | 9904 | -€14,873 | €16,285 | +€31,158 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,873 | €16,285 | +€31,158 |
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 1 November 2026 via checked.be.