HSBO Conseils: 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.
HSBO Conseils
Largest movements
- Cash -€29,268
down €29,268 (-63.0%), from €46,448 to €17,180
mainly Receivables within one year (-€25,828) and Net result for the year (-€4,652)
- Receivables within one year +€25,828
up €25,828 (+70.1%), from €36,843 to €62,670
of which Trade receivables: +€23,788
- Intangible fixed assets -€3,501
down €3,501 (-21.4%), from €16,338 to €12,837
- Profit (loss) carried forward -€4,652
down €4,652 (-72.1%), from €6,455 to €1,804
- Trade debts -€1,885
down €1,885 (-14.1%), from €13,365 to €11,480
- Gross operating margin +€24,258
up €24,258, from -€21,998 to €2,260
- Other operating charges -€739
down €739 (-39.6%), from €1,867 to €1,127
- Financial charges -€226
down €226 (-15.6%), from €1,442 to €1,216
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 | €134,105 | €126,241 | -€7,864 | -5.9% |
| Fixed assets | 21/28 | €22,784 | €18,361 | -€4,423 | -19.4% |
| Intangible fixed assets | 21 | €16,338 | €12,837 | -€3,501 | -21.4% |
| Tangible fixed assets | 22/27 | €5,446 | €4,524 | -€922 | -16.9% |
| Furniture and vehicles | 24 | €5,446 | €4,524 | -€922 | -16.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €111,321 | €107,880 | -€3,441 | -3.1% |
| Amounts receivable within one year | 40/41 | €36,843 | €62,670 | +€25,828 | +70.1% |
| Trade receivables | 40 | €23,846 | €47,634 | +€23,788 | +99.8% |
| Other amounts receivable | 41 | €12,997 | €15,037 | +€2,040 | +15.7% |
| Current investments | 50/53 | €28,030 | €28,030 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,448 | €17,180 | -€29,268 | -63.0% |
| Total equity and liabilities | 10/49 | €134,105 | €126,241 | -€7,864 | -5.9% |
| Equity | 10/15 | €34,783 | €30,131 | -€4,652 | -13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,127 | €22,127 | = | 0.0% |
| Distributable reserves | 133 | €22,127 | €22,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,455 | €1,804 | -€4,652 | -72.1% |
| Amounts payable | 17/49 | €99,322 | €96,110 | -€3,212 | -3.2% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,322 | €21,110 | -€3,212 | -13.2% |
| Trade debts | 44 | €13,365 | €11,480 | -€1,885 | -14.1% |
| Suppliers | 440/4 | €13,365 | €11,480 | -€1,885 | -14.1% |
| Taxes, remuneration and social security | 45 | €10,602 | €9,331 | -€1,271 | -12.0% |
| Taxes | 450/3 | €9,102 | €9,331 | +€229 | +2.5% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €355 | €299 | -€56 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,496 | €4,423 | -€73 | -1.6% |
| Other operating charges | 640/8 | €1,867 | €1,127 | -€739 | -39.6% |
| Gross operating margin | 9900 | -€21,998 | €2,260 | +€24,258 | |
| Operating profit (loss) | 9901 | -€28,360 | -€3,291 | +€25,070 | +88.4% |
| Financial charges | 65/66B | €1,442 | €1,216 | -€226 | -15.6% |
| Recurring financial charges | 65 | €1,442 | €1,216 | -€226 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,802 | -€4,507 | +€25,295 | +84.9% |
| Income taxes | 67/77 | €159 | €145 | -€14 | -8.7% |
| Profit (loss) for the period | 9904 | -€29,961 | -€4,652 | +€25,309 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,961 | -€4,652 | +€25,309 | +84.5% |
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 23 October 2026 via checked.be.