HRLD Consult: 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.
HRLD Consult
Largest movements
- Receivables within one year +€31,624
up €31,624 (+2,304%), from €1,372 to €32,996
- Cash +€21,957
up €21,957 (+30.6%), from €71,839 to €93,796
mainly Net result for the year (+€53,536) and Depreciation (+€25,705)
- Intangible fixed assets -€12,400
down €12,400 (-26.7%), from €46,500 to €34,100
- Tangible fixed assets -€9,889
down €9,889 (-25.3%), from €39,073 to €29,184
of which Furniture and vehicles: -€8,257
- Profit (loss) carried forward +€52,703
up €52,703 (+106%), from €49,579 to €102,282
- Debts after one year -€12,378
no longer reported in 2025 (was €12,378)
- Other debts -€6,094
down €6,094 (-16.2%), from €37,643 to €31,549
- Current portion of long-term debt -€5,736
down €5,736 (-31.3%), from €18,337 to €12,601
- Gross operating margin +€16,836
up €16,836 (+19.6%), from €85,889 to €102,725
- Depreciation +€8,102
up €8,102 (+46.0%), from €17,603 to €25,705
- Taxes +€5,137
up €5,137 (+36.3%), from €14,162 to €19,298
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 | €161,692 | €191,612 | +€29,920 | +18.5% |
| Fixed assets | 21/28 | €85,723 | €63,434 | -€22,289 | -26.0% |
| Intangible fixed assets | 21 | €46,500 | €34,100 | -€12,400 | -26.7% |
| Tangible fixed assets | 22/27 | €39,073 | €29,184 | -€9,889 | -25.3% |
| Plant, machinery and equipment | 23 | €1,567 | €1,161 | -€406 | -25.9% |
| Furniture and vehicles | 24 | €33,761 | €25,505 | -€8,257 | -24.5% |
| Other tangible fixed assets | 26 | €3,744 | €2,518 | -€1,226 | -32.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €75,970 | €128,178 | +€52,208 | +68.7% |
| Amounts receivable within one year | 40/41 | €1,372 | €32,996 | +€31,624 | +2,304% |
| Trade receivables | 40 | €1,372 | €32,996 | +€31,624 | +2,304% |
| Cash at bank and in hand | 54/58 | €71,839 | €93,796 | +€21,957 | +30.6% |
| Deferred charges and accrued income | 490/1 | €2,758 | €1,386 | -€1,372 | -49.8% |
| Total equity and liabilities | 10/49 | €161,692 | €191,612 | +€29,920 | +18.5% |
| Equity | 10/15 | €77,137 | €129,841 | +€52,703 | +68.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,158 | €15,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €693 | €693 | = | 0.0% |
| Reserves not available under the articles | 1311 | €693 | €693 | = | 0.0% |
| Distributable reserves | 133 | €14,466 | €14,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,579 | €102,282 | +€52,703 | +106% |
| Amounts payable | 17/49 | €84,555 | €61,771 | -€22,784 | -26.9% |
| Amounts payable after more than one year | 17 | €12,378 | - | -€12,378 | |
| Financial debts | 170/4 | €12,378 | - | -€12,378 | |
| Amounts payable within one year | 42/48 | €72,177 | €61,771 | -€10,406 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €18,337 | €12,601 | -€5,736 | -31.3% |
| Trade debts | 44 | €1,929 | €2,195 | +€266 | +13.8% |
| Suppliers | 440/4 | €1,929 | €2,195 | +€266 | +13.8% |
| Taxes, remuneration and social security | 45 | €14,268 | €15,426 | +€1,158 | +8.1% |
| Taxes | 450/3 | €14,268 | €15,426 | +€1,158 | +8.1% |
| Other amounts payable | 47/48 | €37,643 | €31,549 | -€6,094 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,603 | €25,705 | +€8,102 | +46.0% |
| Other operating charges | 640/8 | €1,474 | €1,096 | -€377 | -25.6% |
| Gross operating margin | 9900 | €85,889 | €102,725 | +€16,836 | +19.6% |
| Operating profit (loss) | 9901 | €66,813 | €75,924 | +€9,111 | +13.6% |
| Financial income | 75/76B | €327 | €301 | -€26 | -7.9% |
| Recurring financial income | 75 | €327 | €301 | -€26 | -7.9% |
| Financial charges | 65/66B | €2,698 | €3,390 | +€692 | +25.6% |
| Recurring financial charges | 65 | €2,698 | €3,390 | +€692 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €64,441 | €72,835 | +€8,394 | +13.0% |
| Income taxes | 67/77 | €14,162 | €19,298 | +€5,137 | +36.3% |
| Profit (loss) for the period | 9904 | €50,279 | €53,536 | +€3,257 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,279 | €53,536 | +€3,257 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.