HVE 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.
HVE CONSULT
Largest movements
- Cash +€207,310
up €207,310 (+78.9%), from €262,794 to €470,104
mainly Net result for the year (+€204,029) and Other debts (+€72,890)
- Reserves +€204,029
up €204,029 (+89.0%), from €229,186 to €433,215
- Profit (loss) carried forward -€98,182
down €98,182 (-100.0%), from €98,182 to €0
- Other debts +€72,890
up €72,890 (+242.3%), from €30,086 to €102,977
- Tax, wage and social debts +€20,679
up €20,679 (+28.8%), from €71,917 to €92,595
- Accrued charges and deferred income +€9,336
new in 2025: €9,336
- Gross operating margin +€35,911
up €35,911 (+13.7%), from €261,475 to €297,386
- Taxes +€20,811
up €20,811 (+29.9%), from €69,496 to €90,307
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 | €434,846 | €644,048 | +€209,202 | +48.1% |
| Fixed assets | 21/28 | €5,130 | €2,712 | -€2,418 | -47.1% |
| Tangible fixed assets | 22/27 | €5,130 | €2,712 | -€2,418 | -47.1% |
| Furniture and vehicles | 24 | €5,130 | €2,712 | -€2,418 | -47.1% |
| Current assets | 29/58 | €429,716 | €641,335 | +€211,619 | +49.2% |
| Amounts receivable within one year | 40/41 | €165,893 | €170,300 | +€4,407 | +2.7% |
| Trade receivables | 40 | €165,893 | €170,300 | +€4,407 | +2.7% |
| Cash at bank and in hand | 54/58 | €262,794 | €470,104 | +€207,310 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,029 | €932 | -€98 | -9.5% |
| Total equity and liabilities | 10/49 | €434,846 | €644,048 | +€209,202 | +48.1% |
| Equity | 10/15 | €331,868 | €437,715 | +€105,847 | +31.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €229,186 | €433,215 | +€204,029 | +89.0% |
| Distributable reserves | 133 | €229,186 | €433,215 | +€204,029 | +89.0% |
| Profit (loss) carried forward | 14 | €98,182 | €0 | -€98,182 | -100.0% |
| Amounts payable | 17/49 | €102,978 | €206,332 | +€103,354 | +100.4% |
| Amounts payable within one year | 42/48 | €102,978 | €196,997 | +€94,019 | +91.3% |
| Trade debts | 44 | €975 | €1,425 | +€450 | +46.1% |
| Suppliers | 440/4 | €975 | €1,425 | +€450 | +46.1% |
| Taxes, remuneration and social security | 45 | €71,917 | €92,595 | +€20,679 | +28.8% |
| Taxes | 450/3 | €71,917 | €92,595 | +€20,679 | +28.8% |
| Other amounts payable | 47/48 | €30,086 | €102,977 | +€72,890 | +242.3% |
| Accrued charges and deferred income | 492/3 | - | €9,336 | +€9,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,945 | €3,458 | +€513 | +17.4% |
| Other operating charges | 640/8 | €505 | €360 | -€145 | -28.7% |
| Gross operating margin | 9900 | €261,475 | €297,386 | +€35,911 | +13.7% |
| Operating profit (loss) | 9901 | €258,025 | €293,568 | +€35,543 | +13.8% |
| Financial income | 75/76B | €1,679 | €4,134 | +€2,455 | +146.2% |
| Recurring financial income | 75 | €1,679 | €4,134 | +€2,455 | +146.2% |
| Financial charges | 65/66B | €2,775 | €3,365 | +€590 | +21.3% |
| Recurring financial charges | 65 | €2,775 | €3,365 | +€590 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €256,928 | €294,336 | +€37,408 | +14.6% |
| Income taxes | 67/77 | €69,496 | €90,307 | +€20,811 | +29.9% |
| Profit (loss) for the period | 9904 | €187,432 | €204,029 | +€16,597 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €187,432 | €204,029 | +€16,597 | +8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.