HG 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.
HG CONSULT
Largest movements
- Cash +€46,588
up €46,588 (+22.2%), from €209,956 to €256,543
mainly Net result for the year (+€488,813) and Current investments (+€45,200)
- Current investments -€45,200
down €45,200 (-66.6%), from €67,900 to €22,700
- Profit (loss) carried forward +€213,813
up €213,813 (+20.4%), from €1.1m to €1.3m
- Debts after one year -€180,278
down €180,278 (-22.4%), from €804,167 to €623,889
- Tax, wage and social debts -€27,321
down €27,321 (-78.1%), from €34,970 to €7,649
- Financial charges -€3,001
down €3,001 (-18.8%), from €15,961 to €12,960
- Taxes +€1,170
up €1,170 (+6.8%), from €17,261 to €18,430
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 | €2,121,639 | €2,126,362 | +€4,723 | +0.2% |
| Fixed assets | 21/28 | €1,832,225 | €1,833,685 | +€1,459 | +0.1% |
| Tangible fixed assets | 22/27 | €9,383 | €10,843 | +€1,459 | +15.6% |
| Furniture and vehicles | 24 | €9,383 | €10,843 | +€1,459 | +15.6% |
| Financial fixed assets | 28 | €1,822,842 | €1,822,842 | = | 0.0% |
| Current assets | 29/58 | €289,414 | €292,678 | +€3,264 | +1.1% |
| Amounts receivable within one year | 40/41 | €10,789 | €2,029 | -€8,760 | -81.2% |
| Trade receivables | 40 | €10,789 | €2,029 | -€8,760 | -81.2% |
| Current investments | 50/53 | €67,900 | €22,700 | -€45,200 | -66.6% |
| Cash at bank and in hand | 54/58 | €209,956 | €256,543 | +€46,588 | +22.2% |
| Deferred charges and accrued income | 490/1 | €769 | €11,406 | +€10,636 | +1,382% |
| Total equity and liabilities | 10/49 | €2,121,639 | €2,126,362 | +€4,723 | +0.2% |
| Equity | 10/15 | €1,070,688 | €1,284,501 | +€213,813 | +20.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,050,283 | €1,264,096 | +€213,813 | +20.4% |
| Amounts payable | 17/49 | €1,050,951 | €841,861 | -€209,090 | -19.9% |
| Amounts payable after more than one year | 17 | €804,167 | €623,889 | -€180,278 | -22.4% |
| Financial debts | 170/4 | €804,167 | €623,889 | -€180,278 | -22.4% |
| Amounts payable within one year | 42/48 | €246,784 | €217,972 | -€28,812 | -11.7% |
| Financial debts | 43 | €180,278 | €180,278 | = | 0.0% |
| Credit institutions | 430/8 | €180,278 | €180,278 | = | 0.0% |
| Trade debts | 44 | €1,536 | €46 | -€1,491 | -97.0% |
| Suppliers | 440/4 | €1,536 | €46 | -€1,491 | -97.0% |
| Taxes, remuneration and social security | 45 | €34,970 | €7,649 | -€27,321 | -78.1% |
| Taxes | 450/3 | €34,970 | €7,649 | -€27,321 | -78.1% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €1,374 | +€265 | +23.8% |
| Other operating charges | 640/8 | €1,360 | €1,279 | -€82 | -6.0% |
| Gross operating margin | 9900 | €79,209 | €79,662 | +€453 | +0.6% |
| Operating profit (loss) | 9901 | €76,739 | €77,009 | +€270 | +0.4% |
| Financial income | 75/76B | €442,635 | €443,194 | +€559 | +0.1% |
| Recurring financial income | 75 | €442,635 | €443,194 | +€559 | +0.1% |
| Financial charges | 65/66B | €15,961 | €12,960 | -€3,001 | -18.8% |
| Recurring financial charges | 65 | €15,961 | €12,960 | -€3,001 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €503,414 | €507,244 | +€3,830 | +0.8% |
| Income taxes | 67/77 | €17,261 | €18,430 | +€1,170 | +6.8% |
| Profit (loss) for the period | 9904 | €486,153 | €488,813 | +€2,660 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €486,153 | €488,813 | +€2,660 | +0.5% |
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 17 October 2026 via checked.be.