HPG 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.
HPG CONSULTING
Largest movements
- Cash -€72,089
down €72,089 (-17.9%), from €401,734 to €329,644
mainly Other debts (-€73,288) and Debts after one year (-€37,458)
- Receivables within one year -€39,710
down €39,710 (-96.5%), from €41,140 to €1,430
of which Trade receivables: -€41,140
- Tangible fixed assets -€34,756
down €34,756 (-4.6%), from €759,146 to €724,390
of which Land and buildings: -€18,034
- Other debts -€73,288
down €73,288 (-22.4%), from €326,583 to €253,295
- Debts after one year -€37,458
down €37,458 (-7.3%), from €511,255 to €473,797
- Profit (loss) carried forward -€19,468
down €19,468 (-23.2%), from -€84,063 to -€103,531
- Gross operating margin -€84,737
down €84,737 (-50.3%), from €168,381 to €83,644
- Financial charges +€20,429
up €20,429 (+71.4%), from €28,611 to €49,040
- Staff costs -€17,288
no longer reported in 2025 (was €17,288)
- Provisions -€15,652
down €15,652 (-97.1%), from €16,112 to €460
- Depreciation -€13,963
down €13,963 (-21.7%), from €64,484 to €50,521
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.
Cash bridge derived
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 | €1,208,802 | €1,062,142 | -€146,660 | -12.1% |
| Fixed assets | 21/28 | €759,331 | €724,575 | -€34,756 | -4.6% |
| Tangible fixed assets | 22/27 | €759,146 | €724,390 | -€34,756 | -4.6% |
| Land and buildings | 22 | €619,297 | €601,264 | -€18,034 | -2.9% |
| Furniture and vehicles | 24 | €12,755 | €8,515 | -€4,241 | -33.2% |
| Other tangible fixed assets | 26 | €127,093 | €114,611 | -€12,482 | -9.8% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €449,471 | €337,567 | -€111,904 | -24.9% |
| Amounts receivable within one year | 40/41 | €41,140 | €1,430 | -€39,710 | -96.5% |
| Trade receivables | 40 | €41,140 | - | -€41,140 | |
| Other amounts receivable | 41 | - | €1,430 | +€1,430 | |
| Current investments | 50/53 | €4,192 | - | -€4,192 | |
| Cash at bank and in hand | 54/58 | €401,734 | €329,644 | -€72,089 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,405 | €6,493 | +€4,088 | +170.0% |
| Total equity and liabilities | 10/49 | €1,208,802 | €1,062,142 | -€146,660 | -12.1% |
| Equity | 10/15 | €292,190 | €272,722 | -€19,468 | -6.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €326,253 | €326,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €302,503 | €302,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,063 | -€103,531 | -€19,468 | -23.2% |
| Provisions and deferred taxes | 16 | €16,112 | €16,572 | +€460 | +2.9% |
| Provisions for liabilities and charges | 160/5 | €16,112 | €16,572 | +€460 | +2.9% |
| Other liabilities and charges | 164/5 | €16,112 | €16,572 | +€460 | +2.9% |
| Amounts payable | 17/49 | €900,499 | €772,848 | -€127,652 | -14.2% |
| Amounts payable after more than one year | 17 | €511,255 | €473,797 | -€37,458 | -7.3% |
| Financial debts | 170/4 | €511,255 | €473,797 | -€37,458 | -7.3% |
| Amounts payable within one year | 42/48 | €387,587 | €299,051 | -€88,536 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €41,450 | €37,458 | -€3,992 | -9.6% |
| Trade debts | 44 | €569 | €383 | -€186 | -32.7% |
| Suppliers | 440/4 | €569 | €383 | -€186 | -32.7% |
| Taxes, remuneration and social security | 45 | €18,985 | €7,915 | -€11,069 | -58.3% |
| Taxes | 450/3 | €18,985 | €7,915 | -€11,069 | -58.3% |
| Other amounts payable | 47/48 | €326,583 | €253,295 | -€73,288 | -22.4% |
| Accrued charges and deferred income | 492/3 | €1,658 | - | -€1,658 | |
| Remuneration, social security and pensions | 62 | €17,288 | - | -€17,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,484 | €50,521 | -€13,963 | -21.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,112 | €460 | -€15,652 | -97.1% |
| Other operating charges | 640/8 | €6,615 | €6,234 | -€380 | -5.7% |
| Non-recurring operating charges | 66A | -€3,632 | - | +€3,632 | |
| Gross operating margin | 9900 | €168,381 | €83,644 | -€84,737 | -50.3% |
| Operating profit (loss) | 9901 | €67,514 | €26,429 | -€41,085 | -60.9% |
| Financial income | 75/76B | €3,877 | €3,851 | -€26 | -0.7% |
| Recurring financial income | 75 | €3,877 | €3,851 | -€26 | -0.7% |
| Financial charges | 65/66B | €28,611 | €49,040 | +€20,429 | +71.4% |
| Recurring financial charges | 65 | €28,611 | €49,040 | +€20,429 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €42,779 | -€18,760 | -€61,540 | |
| Income taxes | 67/77 | €739 | €708 | -€31 | -4.2% |
| Profit (loss) for the period | 9904 | €42,041 | -€19,468 | -€61,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,041 | -€19,468 | -€61,509 |
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 12 October 2026 via checked.be.