HM-Eagle Consult: 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-Eagle Consult
Largest movements
- Receivables within one year -€98,273
down €98,273 (-100%), from €98,273 to €0
of which Other amounts receivable: -€62,550
- Cash +€50,001
up €50,001 (+178%), from €28,019 to €78,020
mainly Receivables within one year (+€98,273) and Trade debts (+€1,122)
- Reserves -€30,397
down €30,397 (-31.9%), from €95,397 to €65,000
of which Distributable reserves: -€27,697
- Profit (loss) carried forward -€16,575
down €16,575, from €0 to -€16,575
- Tax, wage and social debts -€2,422
down €2,422 (-68.2%), from €3,550 to €1,128
- Financial charges +€97,439
up €97,439 (+11,722%), from €831 to €98,270
of which Non-recurring financial charges: +€98,227
- Gross operating margin -€15,050
down €15,050 (-24.7%), from €61,031 to €45,981
- Write-downs -€4,995
new in 2024: -€4,995
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,292 | €78,020 | -€48,272 | -38.2% |
| Current assets | 29/58 | €126,292 | €78,020 | -€48,272 | -38.2% |
| Amounts receivable within one year | 40/41 | €98,273 | €0 | -€98,273 | -100% |
| Trade receivables | 40 | €35,723 | €0 | -€35,723 | -100% |
| Other amounts receivable | 41 | €62,550 | €0 | -€62,550 | -100% |
| Cash at bank and in hand | 54/58 | €28,019 | €78,020 | +€50,001 | +178% |
| Total equity and liabilities | 10/49 | €126,292 | €78,020 | -€48,272 | -38.2% |
| Equity | 10/15 | €122,397 | €75,425 | -€46,972 | -38.4% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €95,397 | €65,000 | -€30,397 | -31.9% |
| Non-distributable reserves | 130/1 | €2,700 | €0 | -€2,700 | -100% |
| Reserves not available under the articles | 1311 | €2,700 | €0 | -€2,700 | -100% |
| Distributable reserves | 133 | €92,697 | €65,000 | -€27,697 | -29.9% |
| Profit (loss) carried forward | 14 | €0 | -€16,575 | -€16,575 | |
| Amounts payable | 17/49 | €3,895 | €2,595 | -€1,300 | -33.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,880 | €2,580 | -€1,300 | -33.5% |
| Trade debts | 44 | €0 | €1,122 | +€1,122 | |
| Suppliers | 440/4 | €0 | €1,122 | +€1,122 | |
| Taxes, remuneration and social security | 45 | €3,550 | €1,128 | -€2,422 | -68.2% |
| Taxes | 450/3 | €3,550 | €1,128 | -€2,422 | -68.2% |
| Other amounts payable | 47/48 | €330 | €330 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | = | 0.0% |
| Non-recurring operating income | 76A | - | €8,036 | +€8,036 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,995 | -€4,995 | |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €61,031 | €45,981 | -€15,050 | -24.7% |
| Operating profit (loss) | 9901 | €60,916 | €50,850 | -€10,066 | -16.5% |
| Financial income | 75/76B | - | €448 | +€448 | |
| Recurring financial income | 75 | - | €448 | +€448 | |
| Financial charges | 65/66B | €831 | €98,270 | +€97,439 | +11,722% |
| Recurring financial charges | 65 | €831 | €44 | -€787 | -94.7% |
| Non-recurring financial charges | 66B | - | €98,227 | +€98,227 | |
| Profit (loss) for the period before taxes | 9903 | €60,085 | -€46,972 | -€107,057 | |
| Profit (loss) for the period | 9904 | €60,085 | -€46,972 | -€107,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,085 | -€46,972 | -€107,057 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.