X.H. CONSULTANTS: 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.
X.H. CONSULTANTS
Largest movements
- Cash -€323,810
down €323,810 (-60.4%), from €535,809 to €211,999
mainly Current investments (-€295,348) and Trade debts (-€39,754)
- Current investments +€295,348
up €295,348 (+58.8%), from €502,111 to €797,458
- Receivables within one year -€56,783
down €56,783 (-45.5%), from €124,830 to €68,047
of which Trade receivables: -€52,759
- Trade debts -€39,754
down €39,754 (-99.7%), from €39,864 to €110
- Profit (loss) carried forward -€33,050
down €33,050 (-3.3%), from €990,688 to €957,637
- Purchases and services -€73,136
no longer reported in 2025 (was €73,136)
- Turnover -€55,289
no longer reported in 2025 (was €55,289)
- Gross operating margin -€46,133
down €46,133, from €4,039 to -€42,094
- Financial income +€5,671
up €5,671 (+20.6%), from €27,574 to €33,245
- Financial charges +€2,838
up €2,838 (+683%), from €415 to €3,253
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 | €1,208,776 | €1,115,509 | -€93,267 | -7.7% |
| Fixed assets | 21/28 | €42,487 | €37,044 | -€5,444 | -12.8% |
| Tangible fixed assets | 22/27 | €42,487 | €37,044 | -€5,444 | -12.8% |
| Land and buildings | 22 | €41,611 | €28,736 | -€12,875 | -30.9% |
| Furniture and vehicles | 24 | €876 | €91 | -€785 | -89.6% |
| Other tangible fixed assets | 26 | - | €8,217 | +€8,217 | |
| Current assets | 29/58 | €1,166,289 | €1,078,465 | -€87,824 | -7.5% |
| Amounts receivable within one year | 40/41 | €124,830 | €68,047 | -€56,783 | -45.5% |
| Trade receivables | 40 | €52,818 | €59 | -€52,759 | -99.9% |
| Other amounts receivable | 41 | €72,012 | €67,988 | -€4,024 | -5.6% |
| Current investments | 50/53 | €502,111 | €797,458 | +€295,348 | +58.8% |
| Cash at bank and in hand | 54/58 | €535,809 | €211,999 | -€323,810 | -60.4% |
| Deferred charges and accrued income | 490/1 | €3,539 | €961 | -€2,578 | -72.8% |
| Total equity and liabilities | 10/49 | €1,208,776 | €1,115,509 | -€93,267 | -7.7% |
| Equity | 10/15 | €1,111,130 | €1,066,839 | -€44,291 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €47,202 | €47,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €41,002 | €41,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | €990,688 | €957,637 | -€33,050 | -3.3% |
| Investment grants | 15 | €11,240 | - | -€11,240 | |
| Provisions and deferred taxes | 16 | €7,547 | - | -€7,547 | |
| Deferred taxes | 168 | €7,547 | - | -€7,547 | |
| Amounts payable | 17/49 | €90,100 | €48,670 | -€41,430 | -46.0% |
| Amounts payable after more than one year | 17 | €44,428 | €43,855 | -€573 | -1.3% |
| Other amounts payable | 178/9 | €44,428 | €43,855 | -€573 | -1.3% |
| Amounts payable within one year | 42/48 | €45,672 | €4,815 | -€40,857 | -89.5% |
| Trade debts | 44 | €39,864 | €110 | -€39,754 | -99.7% |
| Suppliers | 440/4 | €39,864 | €110 | -€39,754 | -99.7% |
| Advances received on contracts in progress | 46 | €5,808 | - | -€5,808 | |
| Taxes, remuneration and social security | 45 | - | €4,705 | +€4,705 | |
| Taxes | 450/3 | - | €3,215 | +€3,215 | |
| Remuneration and social security | 454/9 | - | €1,490 | +€1,490 | |
| Turnover | 70 | €55,289 | - | -€55,289 | |
| Non-recurring operating income | 76A | €18,920 | - | -€18,920 | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,136 | - | -€73,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,894 | €5,444 | +€2,550 | +88.1% |
| Other operating charges | 640/8 | €3,979 | €5,843 | +€1,864 | +46.8% |
| Non-recurring operating charges | 66A | €14,661 | €9,322 | -€5,339 | -36.4% |
| Gross operating margin | 9900 | €4,039 | -€42,094 | -€46,133 | |
| Operating profit (loss) | 9901 | -€17,496 | -€62,703 | -€45,207 | -258% |
| Financial income | 75/76B | €27,574 | €33,245 | +€5,671 | +20.6% |
| Recurring financial income | 75 | €27,574 | €33,245 | +€5,671 | +20.6% |
| Financial charges | 65/66B | €415 | €3,253 | +€2,838 | +683% |
| Recurring financial charges | 65 | €415 | €3,253 | +€2,838 | +683% |
| Profit (loss) for the period before taxes | 9903 | €9,664 | -€32,711 | -€42,375 | |
| Transfer from deferred taxes | 780 | €211 | - | -€211 | |
| Income taxes | 67/77 | €3,014 | €339 | -€2,674 | -88.7% |
| Profit (loss) for the period | 9904 | €6,861 | -€33,050 | -€39,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,861 | -€33,050 | -€39,911 |
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.