HLC 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.
HLC Consulting
Largest movements
- Tangible fixed assets -€20,359
down €20,359 (-10.1%), from €202,348 to €181,990
of which Land and buildings: -€16,092
- Receivables within one year -€11,242
down €11,242 (-29.1%), from €38,610 to €27,368
of which Other amounts receivable: -€11,950
- Cash +€4,792
up €4,792 (+4.1%), from €118,011 to €122,802
mainly Net result for the year (+€178,249) and Other debts (+€29,727)
- Reserves -€61,151
down €61,151 (-53.6%), from €114,022 to €52,871
- Other debts +€29,727
up €29,727 (+20.0%), from €148,524 to €178,252
- Debts after one year -€15,454
down €15,454 (-12.7%), from €122,071 to €106,618
- Tax, wage and social debts +€14,511
up €14,511 (+123%), from €11,814 to €26,325
- Gross operating margin +€37,171
up €37,171 (+16.8%), from €221,071 to €258,242
- Taxes +€8,841
up €8,841 (+18.8%), from €47,107 to €55,947
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 | €462,527 | €434,034 | -€28,492 | -6.2% |
| Fixed assets | 21/28 | €202,348 | €181,990 | -€20,359 | -10.1% |
| Tangible fixed assets | 22/27 | €202,348 | €181,990 | -€20,359 | -10.1% |
| Land and buildings | 22 | €179,297 | €163,204 | -€16,092 | -9.0% |
| Plant, machinery and equipment | 23 | €16,974 | €14,751 | -€2,223 | -13.1% |
| Furniture and vehicles | 24 | €5,050 | €3,006 | -€2,043 | -40.5% |
| Other tangible fixed assets | 26 | €1,029 | €1,029 | = | 0.0% |
| Current assets | 29/58 | €260,178 | €252,045 | -€8,134 | -3.1% |
| Amounts receivable within one year | 40/41 | €38,610 | €27,368 | -€11,242 | -29.1% |
| Trade receivables | 40 | €23,100 | €23,808 | +€708 | +3.1% |
| Other amounts receivable | 41 | €15,510 | €3,560 | -€11,950 | -77.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,011 | €122,802 | +€4,792 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,558 | €1,874 | -€1,684 | -47.3% |
| Total equity and liabilities | 10/49 | €462,527 | €434,034 | -€28,492 | -6.2% |
| Equity | 10/15 | €132,572 | €71,421 | -€61,151 | -46.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €114,022 | €52,871 | -€61,151 | -53.6% |
| Distributable reserves | 133 | €114,022 | €52,871 | -€61,151 | -53.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €329,955 | €362,614 | +€32,659 | +9.9% |
| Amounts payable after more than one year | 17 | €122,071 | €106,618 | -€15,454 | -12.7% |
| Financial debts | 170/4 | €122,071 | €106,618 | -€15,454 | -12.7% |
| Amounts payable within one year | 42/48 | €205,884 | €253,996 | +€48,112 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €15,157 | €15,454 | +€297 | +2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,438 | €5,176 | +€2,738 | +112% |
| Suppliers | 440/4 | €2,438 | €5,176 | +€2,738 | +112% |
| Advances received on contracts in progress | 46 | €27,951 | €28,790 | +€839 | +3.0% |
| Taxes, remuneration and social security | 45 | €11,814 | €26,325 | +€14,511 | +123% |
| Taxes | 450/3 | €11,814 | €26,325 | +€14,511 | +123% |
| Other amounts payable | 47/48 | €148,524 | €178,252 | +€29,727 | +20.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,413 | €20,359 | -€54 | -0.3% |
| Other operating charges | 640/8 | €1,705 | €1,563 | -€142 | -8.3% |
| Non-recurring operating charges | 66A | €1,005 | €0 | -€1,005 | -100% |
| Gross operating margin | 9900 | €221,071 | €258,242 | +€37,171 | +16.8% |
| Operating profit (loss) | 9901 | €197,949 | €236,321 | +€38,372 | +19.4% |
| Financial income | 75/76B | €1,983 | €1,170 | -€812 | -41.0% |
| Recurring financial income | 75 | €1,983 | €1,170 | -€812 | -41.0% |
| Financial charges | 65/66B | €4,538 | €3,295 | -€1,243 | -27.4% |
| Recurring financial charges | 65 | €4,538 | €3,295 | -€1,243 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €195,393 | €234,196 | +€38,803 | +19.9% |
| Income taxes | 67/77 | €47,107 | €55,947 | +€8,841 | +18.8% |
| Profit (loss) for the period | 9904 | €148,287 | €178,249 | +€29,962 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €148,287 | €178,249 | +€29,962 | +20.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.