HSHARE 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.
HSHARE CONSULT
Largest movements
- Receivables within one year +€19,153
up €19,153 (+21.4%), from €89,531 to €108,684
of which Other amounts receivable: +€16,636
- Cash +€4,943
up €4,943 (+23.7%), from €20,850 to €25,793
mainly Net result for the year (+€35,608) and Depreciation (+€2,249)
- Reserves +€25,000
up €25,000 (+67.8%), from €36,900 to €61,900
of which Distributable reserves: +€25,000
- Tax, wage and social debts -€3,459
down €3,459 (-14.7%), from €23,509 to €20,050
- Gross operating margin -€17,524
down €17,524 (-26.5%), from €66,023 to €48,499
- Taxes -€4,340
down €4,340 (-25.9%), from €16,731 to €12,390
- Other operating charges -€1,150
down €1,150 (-59.3%), from €1,940 to €790
- Financial income +€720
up €720 (+27.3%), from €2,640 to €3,360
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 | €256,196 | €278,043 | +€21,847 | +8.5% |
| Fixed assets | 21/28 | €5,814 | €3,566 | -€2,249 | -38.7% |
| Tangible fixed assets | 22/27 | €5,724 | €3,476 | -€2,249 | -39.3% |
| Plant, machinery and equipment | 23 | €749 | €131 | -€617 | -82.4% |
| Furniture and vehicles | 24 | €4,976 | €3,344 | -€1,631 | -32.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €250,381 | €274,477 | +€24,096 | +9.6% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,531 | €108,684 | +€19,153 | +21.4% |
| Trade receivables | 40 | €47,935 | €50,452 | +€2,517 | +5.3% |
| Other amounts receivable | 41 | €41,596 | €58,232 | +€16,636 | +40.0% |
| Cash at bank and in hand | 54/58 | €20,850 | €25,793 | +€4,943 | +23.7% |
| Total equity and liabilities | 10/49 | €256,196 | €278,043 | +€21,847 | +8.5% |
| Equity | 10/15 | €221,782 | €248,390 | +€26,608 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,900 | €61,900 | +€25,000 | +67.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €60,000 | +€25,000 | +71.4% |
| Profit (loss) carried forward | 14 | €178,682 | €180,290 | +€1,608 | +0.9% |
| Amounts payable | 17/49 | €34,414 | €29,653 | -€4,760 | -13.8% |
| Amounts payable within one year | 42/48 | €34,414 | €29,653 | -€4,760 | -13.8% |
| Trade debts | 44 | €905 | €603 | -€302 | -33.3% |
| Suppliers | 440/4 | €905 | €603 | -€302 | -33.3% |
| Taxes, remuneration and social security | 45 | €23,509 | €20,050 | -€3,459 | -14.7% |
| Taxes | 450/3 | €23,509 | €20,050 | -€3,459 | -14.7% |
| Other amounts payable | 47/48 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,932 | €2,249 | +€316 | +16.4% |
| Other operating charges | 640/8 | €1,940 | €790 | -€1,150 | -59.3% |
| Gross operating margin | 9900 | €66,023 | €48,499 | -€17,524 | -26.5% |
| Operating profit (loss) | 9901 | €62,151 | €45,461 | -€16,690 | -26.9% |
| Financial income | 75/76B | €2,640 | €3,360 | +€720 | +27.3% |
| Recurring financial income | 75 | €2,640 | €3,360 | +€720 | +27.3% |
| Financial charges | 65/66B | €1,126 | €822 | -€303 | -27.0% |
| Recurring financial charges | 65 | €1,126 | €822 | -€303 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €63,665 | €47,998 | -€15,667 | -24.6% |
| Income taxes | 67/77 | €16,731 | €12,390 | -€4,340 | -25.9% |
| Profit (loss) for the period | 9904 | €46,934 | €35,608 | -€11,327 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,934 | €35,608 | -€11,327 | -24.1% |
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 21 October 2026 via checked.be.