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
- Current investments -€228,808
down €228,808 (-42.7%), from €536,186 to €307,378
- Receivables within one year +€47,972
up €47,972 (+792%), from €6,060 to €54,032
of which Other amounts receivable: +€51,000
- Financial fixed assets +€31,365
up €31,365 (+15.9%), from €196,832 to €228,197
- Tangible fixed assets -€14,262
down €14,262 (-3.4%), from €423,458 to €409,196
of which Land and buildings: -€18,279
- Reserves -€181,500
down €181,500 (-22.1%), from €821,860 to €640,360
- Tax, wage and social debts +€17,873
up €17,873 (+34.3%), from €52,073 to €69,946
- Other debts +€15,297
up €15,297 (+42.4%), from €36,075 to €51,372
- Financial income -€386,551
down €386,551 (-98.9%), from €391,028 to €4,477
of which Non-recurring financial income: -€388,861
- Gross operating margin +€35,877
up €35,877 (+75.4%), from €47,607 to €83,484
- Taxes -€22,707
down €22,707 (-61.0%), from €37,212 to €14,506
- Depreciation +€4,816
up €4,816 (+25.4%), from €18,933 to €23,749
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 | €1,241,660 | €1,076,700 | -€164,960 | -13.3% |
| Fixed assets | 21/28 | €620,290 | €637,394 | +€17,103 | +2.8% |
| Tangible fixed assets | 22/27 | €423,458 | €409,196 | -€14,262 | -3.4% |
| Land and buildings | 22 | €415,149 | €396,871 | -€18,279 | -4.4% |
| Furniture and vehicles | 24 | €7,437 | €11,599 | +€4,162 | +56.0% |
| Other tangible fixed assets | 26 | €872 | €727 | -€145 | -16.6% |
| Financial fixed assets | 28 | €196,832 | €228,197 | +€31,365 | +15.9% |
| Current assets | 29/58 | €621,369 | €439,306 | -€182,063 | -29.3% |
| Amounts receivable within one year | 40/41 | €6,060 | €54,032 | +€47,972 | +792% |
| Trade receivables | 40 | €6,060 | €3,032 | -€3,028 | -50.0% |
| Other amounts receivable | 41 | - | €51,000 | +€51,000 | |
| Current investments | 50/53 | €536,186 | €307,378 | -€228,808 | -42.7% |
| Cash at bank and in hand | 54/58 | €76,350 | €75,821 | -€528 | -0.7% |
| Deferred charges and accrued income | 490/1 | €2,773 | €2,074 | -€699 | -25.2% |
| Total equity and liabilities | 10/49 | €1,241,660 | €1,076,700 | -€164,960 | -13.3% |
| Equity | 10/15 | €1,000,003 | €818,914 | -€181,089 | -18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €821,860 | €640,360 | -€181,500 | -22.1% |
| Distributable reserves | 133 | €821,860 | €640,360 | -€181,500 | -22.1% |
| Profit (loss) carried forward | 14 | €171,943 | €172,354 | +€411 | +0.2% |
| Amounts payable | 17/49 | €241,656 | €257,786 | +€16,129 | +6.7% |
| Amounts payable after more than one year | 17 | €130,463 | €120,731 | -€9,732 | -7.5% |
| Financial debts | 170/4 | €130,463 | €120,731 | -€9,732 | -7.5% |
| Amounts payable within one year | 42/48 | €110,555 | €136,058 | +€25,503 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €13,665 | €9,511 | -€4,154 | -30.4% |
| Trade debts | 44 | €8,742 | €5,229 | -€3,513 | -40.2% |
| Suppliers | 440/4 | €8,742 | €5,229 | -€3,513 | -40.2% |
| Taxes, remuneration and social security | 45 | €52,073 | €69,946 | +€17,873 | +34.3% |
| Taxes | 450/3 | €52,073 | €69,946 | +€17,873 | +34.3% |
| Other amounts payable | 47/48 | €36,075 | €51,372 | +€15,297 | +42.4% |
| Accrued charges and deferred income | 492/3 | €639 | €997 | +€358 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,933 | €23,749 | +€4,816 | +25.4% |
| Other operating charges | 640/8 | €4,615 | €4,894 | +€279 | +6.0% |
| Gross operating margin | 9900 | €47,607 | €83,484 | +€35,877 | +75.4% |
| Operating profit (loss) | 9901 | €24,059 | €54,841 | +€30,782 | +128% |
| Financial income | 75/76B | €391,028 | €4,477 | -€386,551 | -98.9% |
| Recurring financial income | 75 | €2,167 | €4,477 | +€2,310 | +107% |
| Non-recurring financial income | 76B | €388,861 | - | -€388,861 | |
| Financial charges | 65/66B | €5,951 | €5,901 | -€50 | -0.8% |
| Recurring financial charges | 65 | €5,951 | €5,901 | -€50 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €409,136 | €53,416 | -€355,720 | -86.9% |
| Income taxes | 67/77 | €37,212 | €14,506 | -€22,707 | -61.0% |
| Profit (loss) for the period | 9904 | €371,924 | €38,911 | -€333,013 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €371,924 | €38,911 | -€333,013 | -89.5% |
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 23 October 2026 via checked.be.