HOEDT 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.
HOEDT CONSULTING
Largest movements
- Receivables within one year -€12,541
down €12,541 (-40.0%), from €31,363 to €18,822
of which Trade receivables: -€11,877
- Tangible fixed assets -€10,859
down €10,859 (-20.0%), from €54,387 to €43,528
- Cash +€9,462
up €9,462 (+1,082%), from €874 to €10,336
mainly Net result for the year (+€30,937) and Depreciation (+€18,473)
- Debts after one year -€17,529
down €17,529 (-79.6%), from €22,026 to €4,498
- Trade debts +€2,520
up €2,520 (+168%), from €1,499 to €4,018
- Profit (loss) carried forward +€937
up €937 (+47.1%), from €1,991 to €2,928
- Depreciation +€1,075
up €1,075 (+6.2%), from €17,398 to €18,473
- Gross operating margin +€1,069
up €1,069 (+1.8%), from €60,308 to €61,377
- Taxes +€643
up €643 (+7.0%), from €9,226 to €9,869
- Financial charges -€621
down €621 (-29.7%), from €2,090 to €1,469
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 | €86,625 | €72,686 | -€13,939 | -16.1% |
| Fixed assets | 21/28 | €54,387 | €43,528 | -€10,859 | -20.0% |
| Tangible fixed assets | 22/27 | €54,387 | €43,528 | -€10,859 | -20.0% |
| Furniture and vehicles | 24 | €54,387 | €43,528 | -€10,859 | -20.0% |
| Current assets | 29/58 | €32,238 | €29,158 | -€3,079 | -9.6% |
| Amounts receivable within one year | 40/41 | €31,363 | €18,822 | -€12,541 | -40.0% |
| Trade receivables | 40 | €26,255 | €14,378 | -€11,877 | -45.2% |
| Other amounts receivable | 41 | €5,108 | €4,444 | -€664 | -13.0% |
| Cash at bank and in hand | 54/58 | €874 | €10,336 | +€9,462 | +1,082% |
| Total equity and liabilities | 10/49 | €86,625 | €72,686 | -€13,939 | -16.1% |
| Equity | 10/15 | €3,991 | €4,928 | +€937 | +23.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,991 | €2,928 | +€937 | +47.1% |
| Amounts payable | 17/49 | €82,634 | €67,758 | -€14,875 | -18.0% |
| Amounts payable after more than one year | 17 | €22,026 | €4,498 | -€17,529 | -79.6% |
| Financial debts | 170/4 | €22,026 | €4,498 | -€17,529 | -79.6% |
| Amounts payable within one year | 42/48 | €60,607 | €63,261 | +€2,653 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €16,812 | €17,529 | +€716 | +4.3% |
| Trade debts | 44 | €1,499 | €4,018 | +€2,520 | +168% |
| Suppliers | 440/4 | €1,499 | €4,018 | +€2,520 | +168% |
| Taxes, remuneration and social security | 45 | €12,001 | €11,554 | -€447 | -3.7% |
| Taxes | 450/3 | €12,001 | €11,554 | -€447 | -3.7% |
| Other amounts payable | 47/48 | €30,296 | €30,160 | -€136 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,398 | €18,473 | +€1,075 | +6.2% |
| Other operating charges | 640/8 | €758 | €856 | +€98 | +12.9% |
| Gross operating margin | 9900 | €60,308 | €61,377 | +€1,069 | +1.8% |
| Operating profit (loss) | 9901 | €42,152 | €42,048 | -€104 | -0.2% |
| Financial income | 75/76B | - | €227 | +€227 | |
| Recurring financial income | 75 | - | €227 | +€227 | |
| Financial charges | 65/66B | €2,090 | €1,469 | -€621 | -29.7% |
| Recurring financial charges | 65 | €2,090 | €1,469 | -€621 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €40,062 | €40,805 | +€744 | +1.9% |
| Income taxes | 67/77 | €9,226 | €9,869 | +€643 | +7.0% |
| Profit (loss) for the period | 9904 | €30,836 | €30,937 | +€101 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,836 | €30,937 | +€101 | +0.3% |
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 17 October 2026 via checked.be.