HNV 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.
HNV Consulting
Largest movements
- Financial fixed assets +€53,000
new in 2025: €53,000
- Cash -€22,511
down €22,511 (-84.5%), from €26,646 to €4,135
mainly Investment in fixed assets (net) (-€55,101) and Trade debts (-€8,734)
- Receivables within one year -€15,548
down €15,548 (-39.7%), from €39,131 to €23,583
of which Trade receivables: -€13,663
- Tangible fixed assets +€1,645
up €1,645 (+232%), from €710 to €2,356
of which Other tangible fixed assets: +€1,461
- Other debts +€19,545
up €19,545 (+1,625%), from €1,203 to €20,748
- Profit (loss) carried forward +€12,208
up €12,208 (+37.1%), from €32,884 to €45,091
- Trade debts -€8,734
down €8,734 (-35.1%), from €24,849 to €16,115
- Tax, wage and social debts -€7,708
no longer reported in 2025 (was €7,708)
- Gross operating margin -€27,040
down €27,040 (-59.9%), from €45,171 to €18,132
- Taxes -€5,712
down €5,712 (-57.7%), from €9,892 to €4,179
- Financial charges +€618
up €618 (+92.0%), from €671 to €1,289
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 | €67,143 | €83,074 | +€15,930 | +23.7% |
| Fixed assets | 21/28 | €710 | €55,356 | +€54,645 | +7,693% |
| Tangible fixed assets | 22/27 | €710 | €2,356 | +€1,645 | +232% |
| Furniture and vehicles | 24 | €710 | €895 | +€185 | +26.0% |
| Other tangible fixed assets | 26 | - | €1,461 | +€1,461 | |
| Financial fixed assets | 28 | - | €53,000 | +€53,000 | |
| Current assets | 29/58 | €66,433 | €27,718 | -€38,715 | -58.3% |
| Amounts receivable within one year | 40/41 | €39,131 | €23,583 | -€15,548 | -39.7% |
| Trade receivables | 40 | €30,072 | €16,409 | -€13,663 | -45.4% |
| Other amounts receivable | 41 | €9,059 | €7,174 | -€1,885 | -20.8% |
| Cash at bank and in hand | 54/58 | €26,646 | €4,135 | -€22,511 | -84.5% |
| Deferred charges and accrued income | 490/1 | €656 | - | -€656 | |
| Total equity and liabilities | 10/49 | €67,143 | €83,074 | +€15,930 | +23.7% |
| Equity | 10/15 | €33,384 | €45,591 | +€12,208 | +36.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,884 | €45,091 | +€12,208 | +37.1% |
| Amounts payable | 17/49 | €33,760 | €37,482 | +€3,723 | +11.0% |
| Amounts payable within one year | 42/48 | €33,760 | €36,863 | +€3,104 | +9.2% |
| Trade debts | 44 | €24,849 | €16,115 | -€8,734 | -35.1% |
| Suppliers | 440/4 | €24,849 | €16,115 | -€8,734 | -35.1% |
| Taxes, remuneration and social security | 45 | €7,708 | - | -€7,708 | |
| Taxes | 450/3 | €7,708 | - | -€7,708 | |
| Other amounts payable | 47/48 | €1,203 | €20,748 | +€19,545 | +1,625% |
| Accrued charges and deferred income | 492/3 | - | €619 | +€619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €456 | +€313 | +221% |
| Gross operating margin | 9900 | €45,171 | €18,132 | -€27,040 | -59.9% |
| Operating profit (loss) | 9901 | €45,029 | €17,676 | -€27,353 | -60.7% |
| Financial income | 75/76B | €135 | - | -€135 | |
| Recurring financial income | 75 | €135 | - | -€135 | |
| Financial charges | 65/66B | €671 | €1,289 | +€618 | +92.0% |
| Recurring financial charges | 65 | €671 | €1,289 | +€618 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | €44,493 | €16,387 | -€28,106 | -63.2% |
| Income taxes | 67/77 | €9,892 | €4,179 | -€5,712 | -57.7% |
| Profit (loss) for the period | 9904 | €34,602 | €12,208 | -€22,394 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,602 | €12,208 | -€22,394 | -64.7% |
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 15 October 2026 via checked.be.