HUGO 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.
HUGO CONSULTING
Largest movements
- Financial fixed assets -€644,364
down €644,364 (-39.3%), from €1.6m to €996,765
- Receivables within one year -€35,757
down €35,757 (-82.2%), from €43,487 to €7,730
of which Other amounts receivable: -€30,404
- Tangible fixed assets -€22,726
down €22,726 (-7.2%), from €314,522 to €291,796
- Debts after one year -€767,850
down €767,850 (-86.8%), from €885,000 to €117,150
- Other debts +€508,049
up €508,049 (+1,577%), from €32,222 to €540,271
- Contributions -€500,000
down €500,000 (-50.0%), from €1.0m to €500,000
- Reserves +€150,000
new in 2025: €150,000
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Financial income +€160,471
up €160,471 (+8,080%), from €1,986 to €162,457
of which Non-recurring financial income: +€160,986
- Gross operating margin -€27,858
down €27,858 (-23.6%), from €118,037 to €90,179
- Staff costs -€25,535
down €25,535 (-49.3%), from €51,797 to €26,262
- Depreciation -€24,152
down €24,152 (-51.5%), from €46,878 to €22,726
- Financial charges -€6,662
down €6,662 (-30.2%), from €22,033 to €15,371
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 | €2,002,464 | €1,330,373 | -€672,091 | -33.6% |
| Fixed assets | 21/28 | €1,955,651 | €1,288,561 | -€667,090 | -34.1% |
| Tangible fixed assets | 22/27 | €314,522 | €291,796 | -€22,726 | -7.2% |
| Other tangible fixed assets | 26 | €314,522 | €291,796 | -€22,726 | -7.2% |
| Financial fixed assets | 28 | €1,641,129 | €996,765 | -€644,364 | -39.3% |
| Current assets | 29/58 | €46,813 | €41,812 | -€5,001 | -10.7% |
| Amounts receivable within one year | 40/41 | €43,487 | €7,730 | -€35,757 | -82.2% |
| Trade receivables | 40 | €11,655 | €6,302 | -€5,353 | -45.9% |
| Other amounts receivable | 41 | €31,832 | €1,428 | -€30,404 | -95.5% |
| Cash at bank and in hand | 54/58 | €3,326 | €20,483 | +€17,157 | +516% |
| Deferred charges and accrued income | 490/1 | - | €13,599 | +€13,599 | |
| Total equity and liabilities | 10/49 | €2,002,464 | €1,330,373 | -€672,091 | -33.6% |
| Equity | 10/15 | €970,928 | €653,703 | -€317,225 | -32.7% |
| Contributions | 10/11 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Capital | 10 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Issued capital | 100 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Reserves | 13 | - | €150,000 | +€150,000 | |
| Distributable reserves | 133 | - | €150,000 | +€150,000 | |
| Profit (loss) carried forward | 14 | -€29,072 | €3,703 | +€32,775 | |
| Amounts payable | 17/49 | €1,031,536 | €676,670 | -€354,866 | -34.4% |
| Amounts payable after more than one year | 17 | €885,000 | €117,150 | -€767,850 | -86.8% |
| Other amounts payable | 178/9 | €885,000 | €117,150 | -€767,850 | -86.8% |
| Amounts payable within one year | 42/48 | €128,316 | €557,396 | +€429,080 | +334% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Other loans | 439 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €4,720 | €6,996 | +€2,276 | +48.2% |
| Suppliers | 440/4 | €4,720 | €6,996 | +€2,276 | +48.2% |
| Taxes, remuneration and social security | 45 | €16,374 | €10,129 | -€6,245 | -38.1% |
| Taxes | 450/3 | €10,390 | €5,650 | -€4,740 | -45.6% |
| Remuneration and social security | 454/9 | €5,984 | €4,479 | -€1,505 | -25.2% |
| Other amounts payable | 47/48 | €32,222 | €540,271 | +€508,049 | +1,577% |
| Accrued charges and deferred income | 492/3 | €18,220 | €2,124 | -€16,096 | -88.3% |
| Remuneration, social security and pensions | 62 | €51,797 | €26,262 | -€25,535 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,878 | €22,726 | -€24,152 | -51.5% |
| Other operating charges | 640/8 | €3,833 | €5,502 | +€1,669 | +43.5% |
| Gross operating margin | 9900 | €118,037 | €90,179 | -€27,858 | -23.6% |
| Operating profit (loss) | 9901 | €15,529 | €35,689 | +€20,160 | +130% |
| Financial income | 75/76B | €1,986 | €162,457 | +€160,471 | +8,080% |
| Recurring financial income | 75 | €1,986 | €1,471 | -€515 | -25.9% |
| Non-recurring financial income | 76B | - | €160,986 | +€160,986 | |
| Financial charges | 65/66B | €22,033 | €15,371 | -€6,662 | -30.2% |
| Recurring financial charges | 65 | €22,033 | €15,371 | -€6,662 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,518 | €182,775 | +€187,293 | |
| Profit (loss) for the period | 9904 | -€4,518 | €182,775 | +€187,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,518 | €182,775 | +€187,293 |
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 28 October 2026 via checked.be.