HL 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.
HL Consulting
Largest movements
- Cash +€223,403
up €223,403 (+69.2%), from €322,977 to €546,380
mainly Other debts (+€145,479) and Current investments (+€105,222)
- Current investments -€105,222
down €105,222 (-100%), from €105,222 to €0
- Financial fixed assets -€51,629
down €51,629 (-100%), from €51,629 to €0
- Tangible fixed assets -€7,294
down €7,294 (-8.4%), from €86,600 to €79,306
of which Land and buildings: -€6,566
- Other debts +€145,479
up €145,479 (+149%), from €97,585 to €243,065
- Reserves -€89,254
down €89,254 (-21.1%), from €423,669 to €334,416
of which Distributable reserves: -€89,254
- Financial income -€4,622
down €4,622 (-91.2%), from €5,068 to €446
- Gross operating margin +€4,049
up €4,049 (+2.9%), from €137,734 to €141,782
- Financial charges +€2,024
up €2,024 (+25.6%), from €7,905 to €9,928
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,060 | €652,119 | +€57,059 | +9.6% |
| Fixed assets | 21/28 | €138,229 | €79,306 | -€58,923 | -42.6% |
| Tangible fixed assets | 22/27 | €86,600 | €79,306 | -€7,294 | -8.4% |
| Land and buildings | 22 | €85,336 | €78,771 | -€6,566 | -7.7% |
| Furniture and vehicles | 24 | €1,264 | €536 | -€728 | -57.6% |
| Financial fixed assets | 28 | €51,629 | €0 | -€51,629 | -100% |
| Current assets | 29/58 | €456,831 | €572,813 | +€115,982 | +25.4% |
| Amounts receivable within one year | 40/41 | €24,830 | €23,760 | -€1,070 | -4.3% |
| Trade receivables | 40 | €24,816 | €23,734 | -€1,082 | -4.4% |
| Other amounts receivable | 41 | €14 | €26 | +€13 | +96.1% |
| Current investments | 50/53 | €105,222 | €0 | -€105,222 | -100% |
| Cash at bank and in hand | 54/58 | €322,977 | €546,380 | +€223,403 | +69.2% |
| Deferred charges and accrued income | 490/1 | €3,803 | €2,673 | -€1,130 | -29.7% |
| Total equity and liabilities | 10/49 | €595,060 | €652,119 | +€57,059 | +9.6% |
| Equity | 10/15 | €469,169 | €378,875 | -€90,293 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,669 | €334,416 | -€89,254 | -21.1% |
| Tax-exempt reserves | 132 | €335 | €335 | = | 0.0% |
| Distributable reserves | 133 | €423,334 | €334,080 | -€89,254 | -21.1% |
| Profit (loss) carried forward | 14 | €26,899 | €25,860 | -€1,040 | -3.9% |
| Amounts payable | 17/49 | €125,892 | €273,244 | +€147,352 | +117% |
| Amounts payable within one year | 42/48 | €118,474 | €263,536 | +€145,062 | +122% |
| Financial debts | 43 | €70 | €0 | -€70 | -100% |
| Credit institutions | 430/8 | €70 | €0 | -€70 | -100% |
| Trade debts | 44 | €655 | €1,245 | +€590 | +90.2% |
| Suppliers | 440/4 | €655 | €1,245 | +€590 | +90.2% |
| Taxes, remuneration and social security | 45 | €20,164 | €19,227 | -€937 | -4.6% |
| Taxes | 450/3 | €20,164 | €19,227 | -€937 | -4.6% |
| Other amounts payable | 47/48 | €97,585 | €243,065 | +€145,479 | +149% |
| Accrued charges and deferred income | 492/3 | €7,418 | €9,707 | +€2,290 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,402 | €7,294 | -€1,108 | -13.2% |
| Other operating charges | 640/8 | €2,224 | €2,173 | -€51 | -2.3% |
| Gross operating margin | 9900 | €137,734 | €141,782 | +€4,049 | +2.9% |
| Operating profit (loss) | 9901 | €127,108 | €132,316 | +€5,207 | +4.1% |
| Financial income | 75/76B | €5,068 | €446 | -€4,622 | -91.2% |
| Recurring financial income | 75 | €5,068 | €446 | -€4,622 | -91.2% |
| Financial charges | 65/66B | €7,905 | €9,928 | +€2,024 | +25.6% |
| Recurring financial charges | 65 | €7,905 | €9,928 | +€2,024 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €124,272 | €122,833 | -€1,439 | -1.2% |
| Income taxes | 67/77 | €41,641 | €41,786 | +€145 | +0.3% |
| Profit (loss) for the period | 9904 | €82,631 | €81,047 | -€1,584 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,631 | €81,047 | -€1,584 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.