SD HR Consultancy: 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.
SD HR Consultancy
Largest movements
- Cash +€10,459
up €10,459 (+54.2%), from €19,303 to €29,762
mainly Net result for the year (+€9,426) and Receivables within one year (+€2,059)
- Receivables within one year -€2,059
down €2,059 (-22.1%), from €9,313 to €7,253
- Tangible fixed assets -€408
down €408 (-23.1%), from €1,769 to €1,360
of which Furniture and vehicles: -€346
- Reserves +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
- Tax, wage and social debts -€1,847
down €1,847 (-21.7%), from €8,503 to €6,656
- Trade debts +€606
up €606 (+36.9%), from €1,640 to €2,246
- Profit (loss) carried forward -€574
down €574 (-43.5%), from €1,318 to €744
- Gross operating margin -€6,633
down €6,633 (-28.7%), from €23,144 to €16,510
- Other operating charges +€1,780
up €1,780 (+308%), from €578 to €2,358
- Taxes -€1,764
down €1,764 (-32.1%), from €5,500 to €3,736
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 | €30,461 | €38,647 | +€8,186 | +26.9% |
| Fixed assets | 21/28 | €1,844 | €1,436 | -€408 | -22.1% |
| Tangible fixed assets | 22/27 | €1,769 | €1,360 | -€408 | -23.1% |
| Plant, machinery and equipment | 23 | €281 | €219 | -€62 | -22.1% |
| Furniture and vehicles | 24 | €1,488 | €1,141 | -€346 | -23.3% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €28,616 | €37,211 | +€8,594 | +30.0% |
| Amounts receivable within one year | 40/41 | €9,313 | €7,253 | -€2,059 | -22.1% |
| Trade receivables | 40 | €9,313 | €7,253 | -€2,059 | -22.1% |
| Cash at bank and in hand | 54/58 | €19,303 | €29,762 | +€10,459 | +54.2% |
| Deferred charges and accrued income | 490/1 | - | €195 | +€195 | |
| Total equity and liabilities | 10/49 | €30,461 | €38,647 | +€8,186 | +26.9% |
| Equity | 10/15 | €20,318 | €29,744 | +€9,426 | +46.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Distributable reserves | 133 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Profit (loss) carried forward | 14 | €1,318 | €744 | -€574 | -43.5% |
| Amounts payable | 17/49 | €10,143 | €8,903 | -€1,241 | -12.2% |
| Amounts payable within one year | 42/48 | €10,143 | €8,903 | -€1,241 | -12.2% |
| Trade debts | 44 | €1,640 | €2,246 | +€606 | +36.9% |
| Suppliers | 440/4 | €1,640 | €2,246 | +€606 | +36.9% |
| Taxes, remuneration and social security | 45 | €8,503 | €6,656 | -€1,847 | -21.7% |
| Taxes | 450/3 | €8,503 | €6,656 | -€1,847 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €408 | +€135 | +49.3% |
| Other operating charges | 640/8 | €578 | €2,358 | +€1,780 | +308% |
| Gross operating margin | 9900 | €23,144 | €16,510 | -€6,633 | -28.7% |
| Operating profit (loss) | 9901 | €22,292 | €13,744 | -€8,548 | -38.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €474 | €581 | +€107 | +22.6% |
| Recurring financial charges | 65 | €474 | €581 | +€107 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €21,818 | €13,163 | -€8,655 | -39.7% |
| Income taxes | 67/77 | €5,500 | €3,736 | -€1,764 | -32.1% |
| Profit (loss) for the period | 9904 | €16,318 | €9,426 | -€6,891 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,318 | €9,426 | -€6,891 | -42.2% |
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 19 October 2026 via checked.be.