HOGAN 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.
HOGAN CONSULTING
Largest movements
- Current investments +€42,705
up €42,705 (+206%), from €20,746 to €63,451
- Cash -€19,908
down €19,908 (-82.9%), from €24,021 to €4,113
mainly Current investments (-€42,705) and Trade debts (-€10,901)
- Tangible fixed assets -€12,366
down €12,366 (-23.4%), from €52,837 to €40,471
- Receivables within one year -€5,453
down €5,453 (-18.0%), from €30,358 to €24,905
of which Trade receivables: -€8,152
- Reserves +€19,126
up €19,126 (+19.6%), from €97,602 to €116,728
- Trade debts -€10,901
down €10,901 (-51.7%), from €21,099 to €10,198
- Other debts -€1,653
down €1,653 (-83.8%), from €1,972 to €320
- Tax, wage and social debts -€1,562
no longer reported in 2025 (was €1,562)
- Gross operating margin -€3,730
down €3,730 (-8.7%), from €42,824 to €39,093
- Financial income +€1,518
up €1,518 (+573%), from €265 to €1,783
- Taxes -€941
down €941 (-9.9%), from €9,483 to €8,542
- Depreciation -€712
down €712 (-5.4%), from €13,078 to €12,366
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 | €128,436 | €133,446 | +€5,010 | +3.9% |
| Fixed assets | 21/28 | €52,837 | €40,471 | -€12,366 | -23.4% |
| Tangible fixed assets | 22/27 | €52,837 | €40,471 | -€12,366 | -23.4% |
| Land and buildings | 22 | €29,632 | €24,808 | -€4,824 | -16.3% |
| Plant, machinery and equipment | 23 | €1,054 | €561 | -€493 | -46.7% |
| Furniture and vehicles | 24 | €10,428 | €6,261 | -€4,168 | -40.0% |
| Other tangible fixed assets | 26 | €11,723 | €8,841 | -€2,882 | -24.6% |
| Current assets | 29/58 | €75,598 | €92,975 | +€17,377 | +23.0% |
| Amounts receivable within one year | 40/41 | €30,358 | €24,905 | -€5,453 | -18.0% |
| Trade receivables | 40 | €26,536 | €18,384 | -€8,152 | -30.7% |
| Other amounts receivable | 41 | €3,822 | €6,521 | +€2,698 | +70.6% |
| Current investments | 50/53 | €20,746 | €63,451 | +€42,705 | +206% |
| Cash at bank and in hand | 54/58 | €24,021 | €4,113 | -€19,908 | -82.9% |
| Deferred charges and accrued income | 490/1 | €473 | €506 | +€33 | +6.9% |
| Total equity and liabilities | 10/49 | €128,436 | €133,446 | +€5,010 | +3.9% |
| Equity | 10/15 | €103,802 | €122,928 | +€19,126 | +18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,602 | €116,728 | +€19,126 | +19.6% |
| Distributable reserves | 133 | €97,602 | €116,728 | +€19,126 | +19.6% |
| Amounts payable | 17/49 | €24,634 | €10,518 | -€14,115 | -57.3% |
| Amounts payable within one year | 42/48 | €24,634 | €10,518 | -€14,115 | -57.3% |
| Trade debts | 44 | €21,099 | €10,198 | -€10,901 | -51.7% |
| Suppliers | 440/4 | €21,099 | €10,198 | -€10,901 | -51.7% |
| Taxes, remuneration and social security | 45 | €1,562 | - | -€1,562 | |
| Taxes | 450/3 | €1,562 | - | -€1,562 | |
| Other amounts payable | 47/48 | €1,972 | €320 | -€1,653 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,078 | €12,366 | -€712 | -5.4% |
| Other operating charges | 640/8 | €704 | €787 | +€83 | +11.7% |
| Gross operating margin | 9900 | €42,824 | €39,093 | -€3,730 | -8.7% |
| Operating profit (loss) | 9901 | €29,041 | €25,940 | -€3,101 | -10.7% |
| Financial income | 75/76B | €265 | €1,783 | +€1,518 | +573% |
| Recurring financial income | 75 | €265 | €1,783 | +€1,518 | +573% |
| Financial charges | 65/66B | €89 | €55 | -€34 | -38.1% |
| Recurring financial charges | 65 | €89 | €55 | -€34 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €29,217 | €27,668 | -€1,549 | -5.3% |
| Income taxes | 67/77 | €9,483 | €8,542 | -€941 | -9.9% |
| Profit (loss) for the period | 9904 | €19,734 | €19,126 | -€608 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,734 | €19,126 | -€608 | -3.1% |
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.