HFV 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.
HFV CONSULTING
Largest movements
- Cash -€186,831
down €186,831 (-99.4%), from €188,026 to €1,195
mainly Contributions, distributions and other (-€335,000) and Investment in fixed assets (net) (-€162,497)
- Tangible fixed assets +€128,193
up €128,193 (+352%), from €36,453 to €164,646
- Receivables within one year +€3,304
up €3,304 (+14.5%), from €22,863 to €26,166
of which Other amounts receivable: +€9,701
- Profit (loss) carried forward -€135,470
down €135,470 (-77.4%), from €175,112 to €39,642
- Debts after one year +€42,198
new in 2025: €42,198
- Current portion of long-term debt +€40,802
new in 2025: €40,802
- Other debts -€3,125
down €3,125 (-17.7%), from €17,695 to €14,571
- Gross operating margin +€101,842
up €101,842 (+47.5%), from €214,511 to €316,352
- Depreciation +€31,912
up €31,912 (+1,334%), from €2,392 to €34,303
- Taxes +€21,671
up €21,671 (+44.5%), from €48,665 to €70,336
- Other operating charges +€8,843
up €8,843 (+300%), from €2,944 to €11,787
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 | €250,852 | €194,902 | -€55,949 | -22.3% |
| Fixed assets | 21/28 | €36,453 | €164,646 | +€128,193 | +352% |
| Tangible fixed assets | 22/27 | €36,453 | €164,646 | +€128,193 | +352% |
| Furniture and vehicles | 24 | €36,453 | €164,646 | +€128,193 | +352% |
| Current assets | 29/58 | €214,399 | €30,256 | -€184,143 | -85.9% |
| Amounts receivable within one year | 40/41 | €22,863 | €26,166 | +€3,304 | +14.5% |
| Trade receivables | 40 | €22,863 | €16,465 | -€6,397 | -28.0% |
| Other amounts receivable | 41 | - | €9,701 | +€9,701 | |
| Cash at bank and in hand | 54/58 | €188,026 | €1,195 | -€186,831 | -99.4% |
| Deferred charges and accrued income | 490/1 | €3,510 | €2,895 | -€616 | -17.5% |
| Total equity and liabilities | 10/49 | €250,852 | €194,902 | -€55,949 | -22.3% |
| Equity | 10/15 | €180,112 | €44,642 | -€135,470 | -75.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,112 | €39,642 | -€135,470 | -77.4% |
| Amounts payable | 17/49 | €70,740 | €150,260 | +€79,520 | +112% |
| Amounts payable after more than one year | 17 | - | €42,198 | +€42,198 | |
| Financial debts | 170/4 | - | €42,198 | +€42,198 | |
| Amounts payable within one year | 42/48 | €70,740 | €108,062 | +€37,322 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | - | €40,802 | +€40,802 | |
| Trade debts | 44 | €2,065 | €689 | -€1,375 | -66.6% |
| Suppliers | 440/4 | €2,065 | €689 | -€1,375 | -66.6% |
| Taxes, remuneration and social security | 45 | €50,980 | €52,000 | +€1,020 | +2.0% |
| Taxes | 450/3 | €44,980 | €51,000 | +€6,020 | +13.4% |
| Remuneration and social security | 454/9 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Other amounts payable | 47/48 | €17,695 | €14,571 | -€3,125 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,392 | €34,303 | +€31,912 | +1,334% |
| Other operating charges | 640/8 | €2,944 | €11,787 | +€8,843 | +300% |
| Gross operating margin | 9900 | €214,511 | €316,352 | +€101,842 | +47.5% |
| Operating profit (loss) | 9901 | €209,175 | €270,262 | +€61,087 | +29.2% |
| Financial charges | 65/66B | €745 | €396 | -€349 | -46.8% |
| Recurring financial charges | 65 | €745 | €396 | -€349 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €208,430 | €269,866 | +€61,436 | +29.5% |
| Income taxes | 67/77 | €48,665 | €70,336 | +€21,671 | +44.5% |
| Profit (loss) for the period | 9904 | €159,765 | €199,530 | +€39,765 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €159,765 | €199,530 | +€39,765 | +24.9% |
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 18 October 2026 via checked.be.