HRD² Consulting: what changed
Two fiscal 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.
HRD² Consulting
Largest movements
- Receivables within one year +€40,699
up €40,699 (+170.4%), from €23,881 to €64,580
of which Other amounts receivable: +€35,178
- Cash -€11,820
down €11,820 (-32.0%), from €36,916 to €25,096
mainly Receivables within one year (-€40,699) and Contributions, distributions and other (-€12,685)
- Tangible fixed assets +€8,703
up €8,703 (+64.0%), from €13,603 to €22,305
of which Other tangible fixed assets: +€5,321
- Deferred charges and accrued income -€2,811
down €2,811 (-97.8%), from €2,875 to €64
- Tax, wage and social debts +€17,075
up €17,075 (+59.5%), from €28,718 to €45,793
- Profit (loss) carried forward +€10,922
up €10,922 (+25.1%), from €43,517 to €54,439
- Trade debts +€6,774
up €6,774 (+222.8%), from €3,040 to €9,814
- Gross operating margin -€7,848
down €7,848 (-15.6%), from €50,227 to €42,379
- Taxes +€3,085
up €3,085 (+26.9%), from €11,469 to €14,554
- Financial income +€1,545
up €1,545 (+3861350.0%), from €0 to €1,545
- Depreciation +€1,119
up €1,119 (+97.7%), from €1,145 to €2,265
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 | €77,275 | €112,045 | +€34,770 | +45.0% |
| Fixed assets | 21/28 | €13,603 | €22,305 | +€8,703 | +64.0% |
| Tangible fixed assets | 22/27 | €13,603 | €22,305 | +€8,703 | +64.0% |
| Furniture and vehicles | 24 | €550 | €3,932 | +€3,382 | +615.0% |
| Other tangible fixed assets | 26 | €13,053 | €18,374 | +€5,321 | +40.8% |
| Current assets | 29/58 | €63,672 | €89,740 | +€26,068 | +40.9% |
| Amounts receivable within one year | 40/41 | €23,881 | €64,580 | +€40,699 | +170.4% |
| Trade receivables | 40 | €19,469 | €24,991 | +€5,522 | +28.4% |
| Other amounts receivable | 41 | €4,412 | €39,589 | +€35,178 | +797.4% |
| Cash at bank and in hand | 54/58 | €36,916 | €25,096 | -€11,820 | -32.0% |
| Deferred charges and accrued income | 490/1 | €2,875 | €64 | -€2,811 | -97.8% |
| Total equity and liabilities | 10/49 | €77,275 | €112,045 | +€34,770 | +45.0% |
| Equity | 10/15 | €45,517 | €56,439 | +€10,922 | +24.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,517 | €54,439 | +€10,922 | +25.1% |
| Amounts payable | 17/49 | €31,758 | €55,607 | +€23,849 | +75.1% |
| Amounts payable within one year | 42/48 | €31,758 | €55,607 | +€23,849 | +75.1% |
| Trade debts | 44 | €3,040 | €9,814 | +€6,774 | +222.8% |
| Suppliers | 440/4 | €3,040 | €9,814 | +€6,774 | +222.8% |
| Taxes, remuneration and social security | 45 | €28,718 | €45,793 | +€17,075 | +59.5% |
| Taxes | 450/3 | €28,718 | €45,793 | +€17,075 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €2,265 | +€1,119 | +97.7% |
| Other operating charges | 640/8 | €205 | €533 | +€328 | +159.8% |
| Gross operating margin | 9900 | €50,227 | €42,379 | -€7,848 | -15.6% |
| Operating profit (loss) | 9901 | €48,877 | €39,582 | -€9,295 | -19.0% |
| Financial income | 75/76B | €0 | €1,545 | +€1,545 | +3861350.0% |
| Recurring financial income | 75 | €0 | €1,545 | +€1,545 | +3861350.0% |
| Financial charges | 65/66B | €3,001 | €2,966 | -€35 | -1.2% |
| Recurring financial charges | 65 | €3,001 | €2,966 | -€35 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €45,876 | €38,160 | -€7,716 | -16.8% |
| Income taxes | 67/77 | €11,469 | €14,554 | +€3,085 | +26.9% |
| Profit (loss) for the period | 9904 | €34,407 | €23,606 | -€10,800 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,407 | €23,606 | -€10,800 | -31.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.