HL CONSULT: what changed
Two fiscal 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.
HL CONSULT
Largest movements
- Financial fixed assets -€160,000
down €160,000 (-100.0%), from €160,000 to €0
- Receivables after one year +€126,000
new in 2025: €126,000
- Receivables within one year +€43,319
up €43,319 (+382.2%), from €11,335 to €54,654
of which Other amounts receivable: +€23,328
- Deferred charges and accrued income +€7,049
up €7,049 (+6331.8%), from €111 to €7,160
- Tangible fixed assets -€3,811
down €3,811 (-32.5%), from €11,733 to €7,922
of which Furniture and vehicles: -€6,048
- Reserves +€109,117
up €109,117 (+167.9%), from €64,974 to €174,091
- Debts after one year -€90,715
down €90,715 (-100.0%), from €90,715 to €0
- Current portion of long-term debt -€21,862
down €21,862 (-100.0%), from €21,862 to €0
- Tax, wage and social debts +€15,795
up €15,795 (+96.3%), from €16,409 to €32,204
- Trade debts +€2,195
up €2,195 (+1188.8%), from €185 to €2,379
- Financial income +€30,673
up €30,673 (+154.6%), from €19,837 to €50,510
- Gross operating margin +€25,472
up €25,472 (+46.4%), from €54,865 to €80,338
- Depreciation -€6,969
down €6,969 (-97.0%), from €7,182 to €212
- Taxes +€3,144
up €3,144 (+28.7%), from €10,956 to €14,099
- Financial charges -€897
down €897 (-11.2%), from €8,015 to €7,118
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 | €195,145 | €209,675 | +€14,530 | +7.4% |
| Fixed assets | 21/28 | €171,733 | €7,922 | -€163,811 | -95.4% |
| Tangible fixed assets | 22/27 | €11,733 | €7,922 | -€3,811 | -32.5% |
| Plant, machinery and equipment | 23 | - | €2,237 | +€2,237 | |
| Furniture and vehicles | 24 | €11,733 | €5,685 | -€6,048 | -51.5% |
| Financial fixed assets | 28 | €160,000 | €0 | -€160,000 | -100.0% |
| Current assets | 29/58 | €23,412 | €201,753 | +€178,342 | +761.8% |
| Amounts receivable after more than one year | 29 | - | €126,000 | +€126,000 | |
| Other amounts receivable | 291 | - | €126,000 | +€126,000 | |
| Amounts receivable within one year | 40/41 | €11,335 | €54,654 | +€43,319 | +382.2% |
| Trade receivables | 40 | €10,648 | €30,639 | +€19,991 | +187.7% |
| Other amounts receivable | 41 | €687 | €24,015 | +€23,328 | +3393.2% |
| Cash at bank and in hand | 54/58 | €11,965 | €13,938 | +€1,974 | +16.5% |
| Deferred charges and accrued income | 490/1 | €111 | €7,160 | +€7,049 | +6331.8% |
| Total equity and liabilities | 10/49 | €195,145 | €209,675 | +€14,530 | +7.4% |
| Equity | 10/15 | €65,974 | €175,091 | +€109,117 | +165.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €64,974 | €174,091 | +€109,117 | +167.9% |
| Distributable reserves | 133 | €64,974 | €174,091 | +€109,117 | +167.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €129,171 | €34,584 | -€94,587 | -73.2% |
| Amounts payable after more than one year | 17 | €90,715 | €0 | -€90,715 | -100.0% |
| Financial debts | 170/4 | €90,715 | €0 | -€90,715 | -100.0% |
| Amounts payable within one year | 42/48 | €38,455 | €34,584 | -€3,872 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €21,862 | €0 | -€21,862 | -100.0% |
| Trade debts | 44 | €185 | €2,379 | +€2,195 | +1188.8% |
| Suppliers | 440/4 | €185 | €2,379 | +€2,195 | +1188.8% |
| Taxes, remuneration and social security | 45 | €16,409 | €32,204 | +€15,795 | +96.3% |
| Taxes | 450/3 | €16,409 | €32,204 | +€15,795 | +96.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,182 | €212 | -€6,969 | -97.0% |
| Other operating charges | 640/8 | €587 | €301 | -€286 | -48.7% |
| Gross operating margin | 9900 | €54,865 | €80,338 | +€25,472 | +46.4% |
| Operating profit (loss) | 9901 | €47,096 | €79,824 | +€32,728 | +69.5% |
| Financial income | 75/76B | €19,837 | €50,510 | +€30,673 | +154.6% |
| Recurring financial income | 75 | €19,837 | €50,510 | +€30,673 | +154.6% |
| Financial charges | 65/66B | €8,015 | €7,118 | -€897 | -11.2% |
| Recurring financial charges | 65 | €8,015 | €7,118 | -€897 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €58,919 | €123,217 | +€64,298 | +109.1% |
| Income taxes | 67/77 | €10,956 | €14,099 | +€3,144 | +28.7% |
| Profit (loss) for the period | 9904 | €47,963 | €109,117 | +€61,154 | +127.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,963 | €109,117 | +€61,154 | +127.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.