HJ 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.
HJ consulting
Largest movements
- Intangible fixed assets +€11,364
new in 2025: €11,364
- Receivables within one year +€8,543
up €8,543 (+56.1%), from €15,223 to €23,766
of which Trade receivables: +€9,571
- Cash -€7,891
down €7,891 (-43.6%), from €18,092 to €10,201
mainly Contributions, distributions and other (-€19,083) and Investment in fixed assets (net) (-€17,850)
- Other debts +€19,083
new in 2025: €19,083
- Reserves -€16,717
down €16,717 (-46.3%), from €36,139 to €19,422
of which Distributable reserves: -€16,716
- Trade debts +€9,646
up €9,646 (+375%), from €2,569 to €12,215
- Tax, wage and social debts +€3,721
up €3,721 (+22.9%), from €16,223 to €19,944
of which Remuneration and social security: +€3,955
- Debts after one year -€1,882
no longer reported in 2025 (was €1,882)
- Gross operating margin -€19,183
down €19,183 (-63.1%), from €30,396 to €11,213
- Depreciation -€9,029
down €9,029 (-61.3%), from €14,737 to €5,708
- Taxes -€2,877
down €2,877 (-57.6%), from €4,997 to €2,120
- Financial income -€392
down €392 (-46.3%), from €847 to €455
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 | €111,053 | €123,715 | +€12,662 | +11.4% |
| Fixed assets | 21/28 | €46,700 | €58,842 | +€12,142 | +26.0% |
| Intangible fixed assets | 21 | - | €11,364 | +€11,364 | |
| Tangible fixed assets | 22/27 | €46,700 | €47,477 | +€777 | +1.7% |
| Plant, machinery and equipment | 23 | €1,036 | €427 | -€609 | -58.7% |
| Furniture and vehicles | 24 | €25,777 | €21,364 | -€4,413 | -17.1% |
| Other tangible fixed assets | 26 | €19,887 | €25,687 | +€5,800 | +29.2% |
| Current assets | 29/58 | €64,353 | €64,873 | +€520 | +0.8% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €15,223 | €23,766 | +€8,543 | +56.1% |
| Trade receivables | 40 | €6,800 | €16,371 | +€9,571 | +141% |
| Other amounts receivable | 41 | €8,423 | €7,394 | -€1,029 | -12.2% |
| Cash at bank and in hand | 54/58 | €18,092 | €10,201 | -€7,891 | -43.6% |
| Deferred charges and accrued income | 490/1 | €1,038 | €907 | -€131 | -12.6% |
| Total equity and liabilities | 10/49 | €111,053 | €123,715 | +€12,662 | +11.4% |
| Equity | 10/15 | €87,072 | €70,355 | -€16,717 | -19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,139 | €19,422 | -€16,717 | -46.3% |
| Tax-exempt reserves | 132 | €5,073 | €5,073 | -€0 | 0.0% |
| Distributable reserves | 133 | €31,066 | €14,350 | -€16,716 | -53.8% |
| Profit (loss) carried forward | 14 | €44,733 | €44,733 | -€0 | 0.0% |
| Amounts payable | 17/49 | €23,981 | €53,360 | +€29,379 | +123% |
| Amounts payable after more than one year | 17 | €1,882 | - | -€1,882 | |
| Financial debts | 170/4 | €1,882 | - | -€1,882 | |
| Amounts payable within one year | 42/48 | €22,099 | €53,360 | +€31,261 | +141% |
| Current portion of amounts payable after more than one year | 42 | €2,709 | €1,882 | -€827 | -30.5% |
| Financial debts | 43 | €598 | €236 | -€362 | -60.6% |
| Credit institutions | 430/8 | €598 | €236 | -€362 | -60.6% |
| Trade debts | 44 | €2,569 | €12,215 | +€9,646 | +375% |
| Suppliers | 440/4 | €2,569 | €12,215 | +€9,646 | +375% |
| Taxes, remuneration and social security | 45 | €16,223 | €19,944 | +€3,721 | +22.9% |
| Taxes | 450/3 | €16,223 | €15,989 | -€234 | -1.4% |
| Remuneration and social security | 454/9 | - | €3,955 | +€3,955 | |
| Other amounts payable | 47/48 | - | €19,083 | +€19,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,737 | €5,708 | -€9,029 | -61.3% |
| Other operating charges | 640/8 | €666 | €940 | +€274 | +41.1% |
| Non-recurring operating charges | 66A | €297 | - | -€297 | |
| Gross operating margin | 9900 | €30,396 | €11,213 | -€19,183 | -63.1% |
| Operating profit (loss) | 9901 | €14,696 | €4,565 | -€10,131 | -68.9% |
| Financial income | 75/76B | €847 | €455 | -€392 | -46.3% |
| Recurring financial income | 75 | €847 | €455 | -€392 | -46.3% |
| Financial charges | 65/66B | €447 | €533 | +€86 | +19.3% |
| Recurring financial charges | 65 | €447 | €533 | +€86 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €15,096 | €4,486 | -€10,610 | -70.3% |
| Income taxes | 67/77 | €4,997 | €2,120 | -€2,877 | -57.6% |
| Profit (loss) for the period | 9904 | €10,099 | €2,366 | -€7,733 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,099 | €2,366 | -€7,733 | -76.6% |
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 21 October 2026 via checked.be.