HH 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.
HH CONSULT
Largest movements
- Current investments -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Cash -€101,512
down €101,512 (-60.3%), from €168,441 to €66,930
mainly Contributions, distributions and other (-€225,000) and Debts after one year (-€107,120)
- Receivables within one year +€37,629
up €37,629 (+2761.7%), from €1,363 to €38,992
of which Trade receivables: +€38,992
- Reserves -€225,000
down €225,000 (-68.3%), from €329,503 to €104,503
of which Distributable reserves: -€225,000
- Other debts +€133,750
new in 2025: €133,750
- Debts after one year -€107,120
down €107,120 (-25.9%), from €412,939 to €305,820
of which Financial debts: -€95,974
- Gross operating margin -€187,060
down €187,060 (-82.9%), from €225,724 to €38,665
- Financial income -€149,002
down €149,002 (-97.0%), from €153,660 to €4,658
- Taxes -€46,336
down €46,336 (-85.7%), from €54,092 to €7,756
- Financial charges -€10,344
down €10,344 (-41.4%), from €25,002 to €14,657
- Depreciation +€5,573
up €5,573 (+75.4%), from €7,391 to €12,964
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.
Cash bridge derived
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 | €3,068,002 | €2,855,073 | -€212,929 | -6.9% |
| Fixed assets | 21/28 | €2,598,198 | €2,599,152 | +€953 | 0.0% |
| Tangible fixed assets | 22/27 | €25,825 | €26,778 | +€953 | +3.7% |
| Furniture and vehicles | 24 | €25,825 | €26,778 | +€953 | +3.7% |
| Financial fixed assets | 28 | €2,572,373 | €2,572,373 | = | 0.0% |
| Current assets | 29/58 | €469,804 | €255,921 | -€213,883 | -45.5% |
| Amounts receivable within one year | 40/41 | €1,363 | €38,992 | +€37,629 | +2761.7% |
| Trade receivables | 40 | - | €38,992 | +€38,992 | |
| Other amounts receivable | 41 | €1,363 | - | -€1,363 | |
| Current investments | 50/53 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €168,441 | €66,930 | -€101,512 | -60.3% |
| Total equity and liabilities | 10/49 | €3,068,002 | €2,855,073 | -€212,929 | -6.9% |
| Equity | 10/15 | €2,496,134 | €2,272,367 | -€223,767 | -9.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €329,503 | €104,503 | -€225,000 | -68.3% |
| Non-distributable reserves | 130/1 | €26,623 | €26,623 | = | 0.0% |
| Legal reserve | 130 | €26,623 | €26,623 | = | 0.0% |
| Distributable reserves | 133 | €302,880 | €77,880 | -€225,000 | -74.3% |
| Profit (loss) carried forward | 14 | €2,104,631 | €2,105,864 | +€1,233 | +0.1% |
| Amounts payable | 17/49 | €571,869 | €582,706 | +€10,838 | +1.9% |
| Amounts payable after more than one year | 17 | €412,939 | €305,820 | -€107,120 | -25.9% |
| Financial debts | 170/4 | €336,322 | €240,348 | -€95,974 | -28.5% |
| Other amounts payable | 178/9 | €76,617 | €65,472 | -€11,146 | -14.5% |
| Amounts payable within one year | 42/48 | €157,129 | €275,087 | +€117,957 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | €116,671 | €95,974 | -€20,697 | -17.7% |
| Trade debts | 44 | €1,349 | €1,083 | -€266 | -19.8% |
| Suppliers | 440/4 | €1,349 | €1,083 | -€266 | -19.8% |
| Taxes, remuneration and social security | 45 | €39,109 | €44,280 | +€5,171 | +13.2% |
| Taxes | 450/3 | €39,109 | €44,280 | +€5,171 | +13.2% |
| Other amounts payable | 47/48 | - | €133,750 | +€133,750 | |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,079 | €3,731 | +€1,652 | +79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,391 | €12,964 | +€5,573 | +75.4% |
| Other operating charges | 640/8 | €2,234 | €2,242 | +€7 | +0.3% |
| Non-recurring operating charges | 66A | €1,490 | €740 | -€750 | -50.3% |
| Gross operating margin | 9900 | €225,724 | €38,665 | -€187,060 | -82.9% |
| Operating profit (loss) | 9901 | €212,530 | €18,988 | -€193,542 | -91.1% |
| Financial income | 75/76B | €153,660 | €4,658 | -€149,002 | -97.0% |
| Recurring financial income | 75 | €153,660 | €4,658 | -€149,002 | -97.0% |
| Financial charges | 65/66B | €25,002 | €14,657 | -€10,344 | -41.4% |
| Recurring financial charges | 65 | €25,002 | €14,657 | -€10,344 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €341,188 | €8,989 | -€332,199 | -97.4% |
| Income taxes | 67/77 | €54,092 | €7,756 | -€46,336 | -85.7% |
| Profit (loss) for the period | 9904 | €287,096 | €1,233 | -€285,863 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €287,096 | €1,233 | -€285,863 | -99.6% |
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 12 October 2026 via checked.be.