HS 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.
HS Consulting
Largest movements
- Receivables after one year +€258,344
up €258,344 (+26.0%), from €991,888 to €1.3m
- Cash +€184,297
up €184,297 (+62.9%), from €293,039 to €477,336
mainly Other debts (+€531,188) and Net result for the year (+€475,076)
- Other debts +€531,188
up €531,188 (+84.2%), from €631,102 to €1.2m
- Reserves -€166,827
down €166,827 (-23.9%), from €698,408 to €531,581
of which Distributable reserves: -€166,827
- Tax, wage and social debts +€39,572
up €39,572 (+319%), from €12,409 to €51,981
- Trade debts +€24,077
up €24,077 (+1,257%), from €1,915 to €25,992
- Financial charges +€14,504
up €14,504 (+5,119%), from €283 to €14,788
- Gross operating margin -€7,928
down €7,928 (-1.3%), from €620,980 to €613,053
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 | €1,373,907 | €1,812,678 | +€438,771 | +31.9% |
| Fixed assets | 21/28 | €73,231 | €58,390 | -€14,841 | -20.3% |
| Tangible fixed assets | 22/27 | €70,752 | €55,911 | -€14,841 | -21.0% |
| Land and buildings | 22 | €4,600 | €4,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,983 | €9,077 | -€1,906 | -17.4% |
| Furniture and vehicles | 24 | €55,169 | €42,234 | -€12,935 | -23.4% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €1,300,676 | €1,754,288 | +€453,612 | +34.9% |
| Amounts receivable after more than one year | 29 | €991,888 | €1,250,231 | +€258,344 | +26.0% |
| Other amounts receivable | 291 | €991,888 | €1,250,231 | +€258,344 | +26.0% |
| Amounts receivable within one year | 40/41 | €15,749 | €26,720 | +€10,971 | +69.7% |
| Trade receivables | 40 | €0 | €26,627 | +€26,627 | |
| Other amounts receivable | 41 | €15,749 | €93 | -€15,656 | -99.4% |
| Cash at bank and in hand | 54/58 | €293,039 | €477,336 | +€184,297 | +62.9% |
| Total equity and liabilities | 10/49 | €1,373,907 | €1,812,678 | +€438,771 | +31.9% |
| Equity | 10/15 | €717,008 | €550,181 | -€166,827 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €698,408 | €531,581 | -€166,827 | -23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €696,548 | €529,721 | -€166,827 | -24.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €656,900 | €1,262,498 | +€605,598 | +92.2% |
| Amounts payable within one year | 42/48 | €645,426 | €1,240,263 | +€594,837 | +92.2% |
| Trade debts | 44 | €1,915 | €25,992 | +€24,077 | +1,257% |
| Suppliers | 440/4 | €1,915 | €25,992 | +€24,077 | +1,257% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,409 | €51,981 | +€39,572 | +319% |
| Taxes | 450/3 | €12,409 | €51,981 | +€39,572 | +319% |
| Other amounts payable | 47/48 | €631,102 | €1,162,290 | +€531,188 | +84.2% |
| Accrued charges and deferred income | 492/3 | €11,473 | €22,235 | +€10,761 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,441 | €15,981 | +€540 | +3.5% |
| Other operating charges | 640/8 | €1,288 | €316 | -€972 | -75.5% |
| Gross operating margin | 9900 | €620,980 | €613,053 | -€7,928 | -1.3% |
| Operating profit (loss) | 9901 | €604,252 | €596,756 | -€7,496 | -1.2% |
| Financial income | 75/76B | €47,065 | €48,633 | +€1,568 | +3.3% |
| Recurring financial income | 75 | €47,065 | €48,633 | +€1,568 | +3.3% |
| Financial charges | 65/66B | €283 | €14,788 | +€14,504 | +5,119% |
| Recurring financial charges | 65 | €283 | €14,788 | +€14,504 | +5,119% |
| Profit (loss) for the period before taxes | 9903 | €651,034 | €630,601 | -€20,432 | -3.1% |
| Income taxes | 67/77 | €158,173 | €155,525 | -€2,649 | -1.7% |
| Profit (loss) for the period | 9904 | €492,860 | €475,076 | -€17,784 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €492,860 | €475,076 | -€17,784 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.