HG-conseil: 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.
HG-conseil
Largest movements
- Deferred charges and accrued income -€10,500
no longer reported in 2025 (was €10,500)
- Cash +€5,522
up €5,522 (+5,903%), from €94 to €5,615
mainly Other debts (+€65,000) and Current portion of long-term debt (+€11,219)
- Tangible fixed assets -€4,858
down €4,858 (-4.4%), from €110,825 to €105,967
- Receivables after one year -€3,860
down €3,860 (-13.7%), from €28,250 to €24,390
- Receivables within one year +€3,679
up €3,679 (+9.3%), from €39,617 to €43,297
of which Other amounts receivable: +€11,397
- Reserves -€65,000
down €65,000 (-77.7%), from €83,660 to €18,660
- Other debts +€65,000
new in 2025: €65,000
- Current portion of long-term debt +€11,219
up €11,219 (+157%), from €7,164 to €18,384
- Advances received -€10,500
no longer reported in 2025 (was €10,500)
- Trade debts -€9,317
down €9,317 (-60.0%), from €15,525 to €6,208
- Financial charges +€2,236
up €2,236 (+32.7%), from €6,845 to €9,081
- Depreciation -€2,084
down €2,084 (-34.8%), from €5,991 to €3,907
- Taxes +€1,592
up €1,592 (+397%), from €401 to €1,992
- Other operating charges -€1,386
down €1,386 (-63.7%), from €2,175 to €788
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 | €194,286 | €184,269 | -€10,017 | -5.2% |
| Fixed assets | 21/28 | €110,825 | €105,967 | -€4,858 | -4.4% |
| Tangible fixed assets | 22/27 | €110,825 | €105,967 | -€4,858 | -4.4% |
| Land and buildings | 22 | €103,934 | €102,701 | -€1,233 | -1.2% |
| Plant, machinery and equipment | 23 | €4,478 | €2,686 | -€1,792 | -40.0% |
| Furniture and vehicles | 24 | €2,414 | €581 | -€1,833 | -75.9% |
| Current assets | 29/58 | €83,461 | €78,302 | -€5,159 | -6.2% |
| Amounts receivable after more than one year | 29 | €28,250 | €24,390 | -€3,860 | -13.7% |
| Other amounts receivable | 291 | €28,250 | €24,390 | -€3,860 | -13.7% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,617 | €43,297 | +€3,679 | +9.3% |
| Trade receivables | 40 | €37,459 | €29,741 | -€7,718 | -20.6% |
| Other amounts receivable | 41 | €2,158 | €13,556 | +€11,397 | +528% |
| Cash at bank and in hand | 54/58 | €94 | €5,615 | +€5,522 | +5,903% |
| Deferred charges and accrued income | 490/1 | €10,500 | - | -€10,500 | |
| Total equity and liabilities | 10/49 | €194,286 | €184,269 | -€10,017 | -5.2% |
| Equity | 10/15 | €75,151 | €11,091 | -€64,060 | -85.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €83,660 | €18,660 | -€65,000 | -77.7% |
| Distributable reserves | 133 | €83,660 | €18,660 | -€65,000 | -77.7% |
| Profit (loss) carried forward | 14 | -€14,709 | -€13,769 | +€940 | +6.4% |
| Amounts payable | 17/49 | €119,134 | €173,178 | +€54,044 | +45.4% |
| Amounts payable after more than one year | 17 | €71,890 | €67,662 | -€4,227 | -5.9% |
| Financial debts | 170/4 | €71,890 | €67,662 | -€4,227 | -5.9% |
| Amounts payable within one year | 42/48 | €47,245 | €105,516 | +€58,271 | +123% |
| Current portion of amounts payable after more than one year | 42 | €7,164 | €18,384 | +€11,219 | +157% |
| Financial debts | 43 | €7,361 | - | -€7,361 | |
| Credit institutions | 430/8 | €7,361 | - | -€7,361 | |
| Trade debts | 44 | €15,525 | €6,208 | -€9,317 | -60.0% |
| Suppliers | 440/4 | €15,525 | €6,208 | -€9,317 | -60.0% |
| Advances received on contracts in progress | 46 | €10,500 | - | -€10,500 | |
| Taxes, remuneration and social security | 45 | €6,694 | €15,924 | +€9,229 | +138% |
| Taxes | 450/3 | €6,694 | €15,924 | +€9,229 | +138% |
| Other amounts payable | 47/48 | - | €65,000 | +€65,000 | |
| Remuneration, social security and pensions | 62 | - | €110 | +€110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,991 | €3,907 | -€2,084 | -34.8% |
| Other operating charges | 640/8 | €2,175 | €788 | -€1,386 | -63.7% |
| Gross operating margin | 9900 | €14,873 | €14,746 | -€127 | -0.9% |
| Operating profit (loss) | 9901 | €6,707 | €9,940 | +€3,233 | +48.2% |
| Financial income | 75/76B | €2,065 | €2,072 | +€7 | +0.3% |
| Recurring financial income | 75 | €2,065 | €2,072 | +€7 | +0.3% |
| Financial charges | 65/66B | €6,845 | €9,081 | +€2,236 | +32.7% |
| Recurring financial charges | 65 | €6,845 | €9,081 | +€2,236 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €1,927 | €2,932 | +€1,005 | +52.1% |
| Income taxes | 67/77 | €401 | €1,992 | +€1,592 | +397% |
| Profit (loss) for the period | 9904 | €1,526 | €940 | -€587 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,526 | €940 | -€587 | -38.4% |
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 22 October 2026 via checked.be.