HM-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.
HM-CONSULTING
Largest movements
- Stocks and contracts -€51,000
down €51,000 (-16.7%), from €305,500 to €254,500
- Cash -€17,322
down €17,322 (-67.9%), from €25,493 to €8,171
mainly Other debts (-€87,889) and Current portion of long-term debt (-€16,183)
- Receivables within one year -€12,992
down €12,992 (-51.0%), from €25,495 to €12,502
of which Other amounts receivable: -€14,410
- Tangible fixed assets -€6,568
down €6,568 (-7.6%), from €86,053 to €79,485
of which Furniture and vehicles: -€13,035
- Other debts -€87,889
down €87,889 (-30.5%), from €287,867 to €199,978
- Current portion of long-term debt -€16,183
down €16,183 (-75.7%), from €21,377 to €5,194
- Profit (loss) carried forward +€9,872
up €9,872 (+2.1%), from -€469,297 to -€459,425
- Trade debts +€6,993
up €6,993 (+9.0%), from €77,401 to €84,394
- Debts after one year -€5,194
down €5,194 (-100.0%), from €5,194 to €0
- Gross operating margin +€5,272
up €5,272 (+15.0%), from €35,133 to €40,405
- Depreciation -€4,037
down €4,037 (-15.4%), from €26,166 to €22,129
- Taxes +€1,947
up €1,947 (+203.4%), from €957 to €2,903
- Financial charges -€666
down €666 (-12.1%), from €5,491 to €4,825
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 | €502,752 | €414,364 | -€88,388 | -17.6% |
| Fixed assets | 21/28 | €145,321 | €138,753 | -€6,568 | -4.5% |
| Tangible fixed assets | 22/27 | €86,053 | €79,485 | -€6,568 | -7.6% |
| Plant, machinery and equipment | 23 | €38,459 | €44,926 | +€6,467 | +16.8% |
| Furniture and vehicles | 24 | €47,593 | €34,558 | -€13,035 | -27.4% |
| Financial fixed assets | 28 | €59,268 | €59,268 | = | 0.0% |
| Current assets | 29/58 | €357,431 | €275,611 | -€81,820 | -22.9% |
| Stocks and contracts in progress | 3 | €305,500 | €254,500 | -€51,000 | -16.7% |
| Stocks | 30/36 | €305,500 | €254,500 | -€51,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €25,495 | €12,502 | -€12,992 | -51.0% |
| Trade receivables | 40 | €3,025 | €4,443 | +€1,418 | +46.9% |
| Other amounts receivable | 41 | €22,470 | €8,060 | -€14,410 | -64.1% |
| Cash at bank and in hand | 54/58 | €25,493 | €8,171 | -€17,322 | -67.9% |
| Deferred charges and accrued income | 490/1 | €944 | €438 | -€506 | -53.6% |
| Total equity and liabilities | 10/49 | €502,752 | €414,364 | -€88,388 | -17.6% |
| Equity | 10/15 | €109,483 | €119,355 | +€9,872 | +9.0% |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Capital | 10 | €440,000 | €440,000 | = | 0.0% |
| Issued capital | 100 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €138,780 | €138,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €132,583 | €132,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€469,297 | -€459,425 | +€9,872 | +2.1% |
| Amounts payable | 17/49 | €393,269 | €295,009 | -€98,260 | -25.0% |
| Amounts payable after more than one year | 17 | €5,194 | €0 | -€5,194 | -100.0% |
| Financial debts | 170/4 | €5,194 | €0 | -€5,194 | -100.0% |
| Amounts payable within one year | 42/48 | €388,075 | €295,009 | -€93,066 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €21,377 | €5,194 | -€16,183 | -75.7% |
| Trade debts | 44 | €77,401 | €84,394 | +€6,993 | +9.0% |
| Suppliers | 440/4 | €77,401 | €84,394 | +€6,993 | +9.0% |
| Taxes, remuneration and social security | 45 | €1,431 | €5,443 | +€4,012 | +280.5% |
| Taxes | 450/3 | €1,431 | €5,443 | +€4,012 | +280.5% |
| Other amounts payable | 47/48 | €287,867 | €199,978 | -€87,889 | -30.5% |
| Non-recurring operating income | 76A | - | €24,402 | +€24,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,166 | €22,129 | -€4,037 | -15.4% |
| Other operating charges | 640/8 | €1,214 | €861 | -€353 | -29.0% |
| Gross operating margin | 9900 | €35,133 | €40,405 | +€5,272 | +15.0% |
| Operating profit (loss) | 9901 | €7,753 | €17,414 | +€9,661 | +124.6% |
| Financial income | 75/76B | €0 | €187 | +€187 | |
| Recurring financial income | 75 | €0 | €187 | +€187 | |
| Financial charges | 65/66B | €5,491 | €4,825 | -€666 | -12.1% |
| Recurring financial charges | 65 | €5,491 | €4,825 | -€666 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €2,262 | €12,776 | +€10,514 | +464.8% |
| Income taxes | 67/77 | €957 | €2,903 | +€1,947 | +203.4% |
| Profit (loss) for the period | 9904 | €1,305 | €9,872 | +€8,567 | +656.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,305 | €9,872 | +€8,567 | +656.5% |
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 10 October 2026 via checked.be.