HV CONSULT: what changed
Two fiscal 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.
HV CONSULT
Largest movements
- Deferred charges and accrued income +€66,794
up €66,794 (+15.3%), from €436,333 to €503,127
- Cash -€17,319
down €17,319 (-58.0%), from €29,870 to €12,551
mainly Deferred charges and accrued income (-€66,794) and Debts after one year (-€32,450)
- Profit (loss) carried forward +€91,209
up €91,209, from -€26,427 to €64,782
- Debts after one year -€32,450
down €32,450 (-17.8%), from €181,888 to €149,438
- Trade debts -€14,957
down €14,957 (-78.9%), from €18,965 to €4,008
- Other operating charges -€184,687
down €184,687 (-90.7%), from €203,619 to €18,932
- Gross operating margin -€7,956
down €7,956 (-6.2%), from €128,184 to €120,228
- Depreciation -€3,732
down €3,732 (-100.0%), from €3,732 to €0
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.
Cash bridge derived
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 | €806,086 | €855,562 | +€49,476 | +6.1% |
| Fixed assets | 21/28 | €240,000 | €240,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €240,000 | €240,000 | = | 0.0% |
| Land and buildings | 22 | €240,000 | €240,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €566,086 | €615,562 | +€49,476 | +8.7% |
| Amounts receivable within one year | 40/41 | €99,883 | €99,883 | = | 0.0% |
| Trade receivables | 40 | €99,883 | €99,883 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,870 | €12,551 | -€17,319 | -58.0% |
| Deferred charges and accrued income | 490/1 | €436,333 | €503,127 | +€66,794 | +15.3% |
| Total equity and liabilities | 10/49 | €806,086 | €855,562 | +€49,476 | +6.1% |
| Equity | 10/15 | -€16,822 | €74,388 | +€91,209 | |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,427 | €64,782 | +€91,209 | |
| Amounts payable | 17/49 | €822,908 | €781,174 | -€41,734 | -5.1% |
| Amounts payable after more than one year | 17 | €181,888 | €149,438 | -€32,450 | -17.8% |
| Financial debts | 170/4 | €181,888 | €149,438 | -€32,450 | -17.8% |
| Amounts payable within one year | 42/48 | €641,019 | €631,736 | -€9,283 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €30,968 | €32,450 | +€1,482 | +4.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €18,965 | €4,008 | -€14,957 | -78.9% |
| Suppliers | 440/4 | €18,965 | €4,008 | -€14,957 | -78.9% |
| Taxes, remuneration and social security | 45 | €0 | €441 | +€441 | |
| Taxes | 450/3 | €0 | €441 | +€441 | |
| Other amounts payable | 47/48 | €591,086 | €594,836 | +€3,750 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,732 | €0 | -€3,732 | -100.0% |
| Other operating charges | 640/8 | €203,619 | €18,932 | -€184,687 | -90.7% |
| Gross operating margin | 9900 | €128,184 | €120,228 | -€7,956 | -6.2% |
| Operating profit (loss) | 9901 | -€79,167 | €101,296 | +€180,463 | |
| Financial charges | 65/66B | €10,864 | €9,645 | -€1,219 | -11.2% |
| Recurring financial charges | 65 | €10,864 | €9,645 | -€1,219 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€90,031 | €91,651 | +€181,682 | |
| Income taxes | 67/77 | €0 | €441 | +€441 | |
| Profit (loss) for the period | 9904 | -€90,031 | €91,209 | +€181,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,031 | €91,209 | +€181,241 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.